The Problem With Paying New Employees
More Than Current Employees
The Growing your Team Podcast: Episode 265
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PocketCastsAre you hesitant about posting pay on a job post because you’ll be paying new employees more than your current employees?
As the cost of attracting quality team members increases, the pay of current employees doesn’t always match. When this happens, many small businesses want to keep the pay ranges for their open positions a secret. However, not advertising pay on a job post can lower the number of applications received, and it is illegal in some cities and states.
If you’re considering paying new employees a higher rate than current employees, the main problem shouldn’t be hiding this fact from your current team members. Instead, it should be properly addressing why the pay difference exists to begin with.
In this episode of the Growing Your Team podcast, you’ll learn how to properly determine when new employees should make more than current employees and how to proactively navigate the information with your team members.
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