TED Talks Daily

How we can actually pay people enough -- with Paypal CEO Dan Schulman | TED Business

Dec 30, 2020

Dan Schulman, President and CEO of PayPal, advocates for a significant shift in capitalism focused on fair wages. He introduces the concept of Net Disposable Income, a new metric aimed at ensuring employees can invest in their futures. Schulman discusses how improving financial health leads to better productivity and morale. Beyond just adequate pay, he emphasizes the need for tailored compensation strategies, including transparent salary processes and flexible work arrangements, to truly support employee wellness.

20:54

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Episode guests

Dan Schulman

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Episode notes

Intro

4min

Rethinking Employee Compensation: Net Disposable Income

3min

Enhancing Employee Financial Wellness

11min

Prioritizing Employee Financial Health in Business

5min

Exploring Fair Compensation and Employee Wellness

3min

Capitalism urgently needs an upgrade, says PayPal CEO Dan Schulman, and it starts with paying people enough to actually invest in their futures. He explains the epiphany that led PayPal to create a whole new metric for adequate pay, Net Disposable Income, and why investing in employees' financial health is just good business. After the talk, host Modupe Akinola makes the case for going one step further and considering how fair pay might actually mean something pretty different for every employee. (This is an episode of TED Business. Find it wherever you listen to podcasts.)

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