earning per employee Archives


Decent jobs in the service sector

Posted on June 24, 2012  /  0 Comments

I’ve been harping on the value of focusing on earnings per employee if we are to pay decent salaries. This was in the context of the IT and ITES sectors in Sri Lanka, where I have the data, but the argument applies to the entire service sector (where most of the jobs of the future will be) and to all countries. A recent report on Apple’s earnings per store employee v salaries paid to those employees, highlights the issues again: By the standards of retailing, Apple offers above average pay — well above the minimum wage of $7.25 and better than the Gap, though slightly less than Lululemon, the yoga and athletic apparel chain, where sales staff earn about $12 an hour. The company also offers very good benefits for a retailer, including health care, 401(k) contributions and the chance to buy company stock, as well as Apple products, at a discount.