Should Employee Salary Increases be in Your Budget?

The Growing your Team Podcast: Episode 161

The decision on what to pay your employees is more than a hiring decision. While you bring employees in at one rate, chances are that employees will not, or at least should not, stay at that exact pay rate the entire time they are employed with you. As a business owner, you have to think about employee salary increases.

The thought of employee salary increases can lead to many questions. When is the right time to give your team members raises? How do you go about salary increases? Are those increases accounted for in your budget? Does your employee even deserve more money?

In this episode of the Growing Your Team podcast, we answer these very questions and dive into how to handle employee salary increases within a small business.  

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Next Steps:

You wrote a job posting for your open position, but will it attract the right candidates?

Candidates are looking for the right fit for their next opportunity, and if they don’t find a connection between their wants and your opening, they will quickly move on to the next opportunity. 

Will your job posting attract your ideal candidate or turn them off?

Let’s find out through a Will Your Job Posting Attract the Right Candidates? Audit

Related Episodes:

Ep122 – Are You Holding on to Employees Who are Not Worth Their Paycheck?

Ep128 – Should You Post Pay on a Job Posting?

Ep152 – How to Effectively Discuss Pay During the Hiring Process

Ep156 – Should You Allow Your Employees to Discuss Pay?

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