I have a relative with 3 ladies clothing stores she makes about $1,000,000 a year, pays her staff minimum wage. Staff receive no benefits and are expected to work split shifts, be at her beckon call and so on. Prior to retirement I had an extensive background in consulting and corporate restructure specializing in retail and packaged goods. She asked me why her inventory was always off and why her staff turnover was so high. I told her most owners live in a world where they feel their staff are lucky to have a job but the reality is the owner is lucky when they get a good employee. She had no idea that her inventory was out due to theft and her turnover was due to wages and her attitude.
I suggested either take a portion of the profits for profit sharing to create a sense of ownership amongst the staff. This would have possible increased business in the long run.The greed in her moved her to install surveillance equipment which cost a fortune and theft and turnover has only increased.