Wednesday, January 16, 2013

Ford's Impact

This was sent along to the blog from our fearless leader, Jennifer. Figured this was a good post for a long week's Wednesday on the blog:
I was reading in the 1/7/13 issue of Woman’s World, and they have an “it happened this week” column.  I found this neat HR story in this week’s happenings:

Henry Ford stunned Americans when he enacted an eight-hour workday and $5 daily minimum wage at his Ford Motor Company in 1914.  The unprecedented wage hike more than doubled most workers’ salaries.  The result?  Employee turnover decreased, and profits shot up $30 million over the next two years!

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