Posted by: Dan Oster
775 336 4665As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.
Observation #4: Lower Cost of Higher Quality Employees
Your calendar just interrupted our riveting analysis of taxation... you've got to conduct a series of job interviews this morning! You're adding a new shift, so you're taking applications for new forklift operators, warehouse supervisors, and a new warehouse manager (you've been promoted to Regional VP for your brilliant recommendation to move distribution to Reno). According to Salary.com, you're pleased with the quality of applicants, and even more excited to find out average wages in Reno are 7% lower for the same positions in L.A. If your annual wage cost is $300,000 at our hypothetical company, you're saving an average of $22,000 per year!
But you're struck less by the cost savings for employees and more by their maturity. One CA to NV convert recently shared the following with me. In CA we could only hire people who still lived at home because they couldn't support a household on what we could pay. In NV, we get a much higher quality worker because they are typically grown up and supporting a family. They work harder and stick around much longer.