Do you feel that you should be earning more than you are now? In that case, you have two options: ask for a raise at your current job or find a new, higher-paying position. If you would rather stay in your current job, you need to negotiate a salary increase. If you’re unsure about asking…
Tag: employee salary
Deciding How Much to Pay Employees in a Competitive Business World
Businesses thrive when their employees thrive. This assumption underscores a fundamental practice: companies that pay their employees fairly motivate them to give their best. Nevertheless, the question remains, how much should companies pay employees? The answer to this question involves understanding labor market dynamics, sound business practices and, you guessed it, supply and demand. In…
Read more Deciding How Much to Pay Employees in a Competitive Business World »
Employee Retention Strategies: How to Keep Your Team Onboard
Employee retention is often at the forefront of company executives’ minds. Keeping the best talent onboard can mean the difference between underwhelming company performance and an outstanding one. Keeping top-notch talent onboard, however, does not boil down to money. Retaining the best talent often hinges on implementing key strategies to ensure employee engagement and commitment.…
Read more Employee Retention Strategies: How to Keep Your Team Onboard »