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Category: Socioeconomic class

  • Research: When Pay Fluctuates, Workers Walk Away

    Research: When Pay Fluctuates, Workers Walk Away

    Harvard Business Review Logo

    HBR Staff; Flavio Coelho/nonnie192/Getty Images

    Today, more than 80% of employers offer some form of variable pay. From performance bonuses to tipped service jobs to demand-based gig work, more and more workers are taking home paychecks that

    According to a recent Payscale report, more than 80% of companies currently use some form of variable pay to compensate their workers. From performance bonuses in sales and commission-based roles to tipped service jobs, demand-based scheduling in retail and construction, and algorithmically-priced gig work, a growing proportion of workers take home paychecks that vary substantially from week to week or month to month. Variable pay is also prevalent among professions often associated with a stable income including public school teachers, police officers, and medical doctors.

  • What the Honda Super Cub Can Teach Us About Designing for Global Markets

    What the Honda Super Cub Can Teach Us About Designing for Global Markets

    Harvard Business Review Logo

    HBR Staff/Pexels

    Most companies enter emerging markets through one of three flawed strategies: selling premium products to the wealthy few, stripping features to cut costs, or offering micro-sized

    Most companies approach emerging markets with one of three flawed strategies: they try to sell their premium products to the wealthy few and wait for the market to “catch up,” strip features off existing products to lower the price, or micro-size their offerings into single-use portions. All three usually fail because they assume that consumers in poorer markets want the same things as wealthier countries, only cheaper.