Transforming Company Culture Gravity Payments, a credit card processing company based in Seattle, implemented a new minimum salary policy of $70,000 per year for all employees. This decision led to positive changes such as improved quality of life for employees and increased productivity. However, some senior staff members left due to feeling undervalued. Despite this setback, Gravity Payments experienced significant revenue growth and gained new clients.
"America's Best Boss" 's CEO Dan Price received praise after implementing the minimum salary policy at Gravity Payments. The company also received an influx of job applications and client inquiries as a result of the publicity surrounding their decision.
Positive Impact on Employees Employees like Corrine Ward and Alyssa O'Neal saw major improvements in their lives after the implementation of the minimum salary policy at Gravity Payments. They were able to afford living closer to work, pay off debts,and enjoy better financial stability.