Mate, it's market dynamics. They have to pay the market rate. If the competition is paying a certain rate for a position, W2V has to match it.
Think about it. You work for a giant accounting firm & you're on $50 a hour. You see the same role over at W2V advertised for $30 a hour. Would you apply? Same role, same stress & responsibility for half the wage? I doubt anyone would!!
In order to attract & retain staff, W2V has to pay the same rate as the competition, regardless if they're turning a profit or not.
Free market forces are responsible, not management.
W2V Price at posting:
0.7¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)