For the CEO, success appears to be defined as keeping the minimum wage across the entire pool of job candidates set above $70k. The easiest move is the first shift to raise everyone's existing salaries as this is based on previous staffing behavior. The test will be if they have the discipline to continue hiring as they have previously going forward.
For example, if they were hiring new college grads out of school at $40k, will the continue to do so at the same pace? Will they continue to hire new college grads at all?
I mention this because if they don't, they won't meet the CEO's stated goal -- rather they will slowly shift their workforce to weed out those with market rates below $70k.
The only way to prevent this will be to ask managers to purposefully hire candidates with less experience while simultaneously handing them a larger hiring budget.
For example, if they were hiring new college grads out of school at $40k, will the continue to do so at the same pace? Will they continue to hire new college grads at all?
I mention this because if they don't, they won't meet the CEO's stated goal -- rather they will slowly shift their workforce to weed out those with market rates below $70k.
The only way to prevent this will be to ask managers to purposefully hire candidates with less experience while simultaneously handing them a larger hiring budget.