Because of one rule, The Container Store employees make double the national average

Because of one rule, The Container Store employees make double the national average
(Image credit: Scott Olson/Getty Images)

The Container Store founder and CEO Kip Tindell is able to pay his employees almost twice the national average because he believes in the "1=3 rule," where one excellent employee is just as productive as three employees who are only good.

For each outstanding employee, the company gets three times the productivity at merely two times the cost, he says. "They win, you save money, the customers win, and all the employees win because they get to work with someone great," Tindell told Business Insider's Jenna Goudreau.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.