Businesses can afford to pay more The ability to grow a company without a lease is becoming more and more attractive. When Chris Neumann started his company, Cro Metrics, in 2011, he knew he wanted a remote workforce. In addition to being able to offer a flexible work-and-life balance and attract top-tier professionals, he also understood how not paying office rent would translate into happier employees. “Most companies spend 10 to 15% of revenue on rent. We use that savings to pay our employees above-market wages,” he says. “We are providing really great jobs that team members would otherwise not have access to, and in return we are able to attract the best talent from around the country.” … [Read more...] about We’re in the midst of a massive work-from-home experiment. What if it works?
In the winter our shifts are cut and tips plummet as customers leave the cactus-lined outdoor patio for indoor venues. When I stopped carrying umbrellas and started wheeling heaters in the fall I knew it was time to reel in my spending. The spring months are supposed to bring relief. But the virus also threatens the summer boom, when management adds around 15 tables to the floor plan, the hosts run two-hour waits, and road-bikers roll in from the Los Angeles River drenched in sweat for a mid-ride taco (or margarita). Summer is the time of plenty we rely on to get through the rainy months, when most of us work second jobs. … [Read more...] about “I don’t have savings”: How one LA restaurant’s workers are coping with the closing