Robert Bosch: Because I Pay Good Wages
on Tuesday, July 5, 2016Robert Bosch Money Quote saying he doesn’t pay workers well because he’s well-off, he’s wealthy because he offers them good compensation. Robert Bosch said:
“I don’t pay good wages because I have a lot of money; I have a lot of money because I pay good wages” — Robert Bosch
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Robert Bosch is saying that paying employees good wages is not something he does because he has a lot of money to spare, but rather paying good wages is the reason why he has a lot of money in the first place.
By treating employees well with higher pay, it creates loyalty, motivation and satisfaction among the workforce. This leads to higher productivity, quality of work and overall success of the business, which in turn generates more profits and revenue for the company.
So Bosch is emphasizing that paying employees well is actually a good business strategy and investment, not simply a charitable act, because it contributes directly to the financial well-being and growth of the company.
Birthday: September 23, 1861 – Death: March 12, 1942