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April 30, 2013 by Gina Smith Leave a Comment

Help! We Have No Budget for Raises!

Help!  We Have No Budget for Raises!

The challenging economy has had a negative impact on many businesses. Decreased cash flow is one of the most common complaints. Less cash means tighter budgets. One of the first line items companies slash are employee raises. “Freezing” salaries comes with its own set of consequences – and employee dissatisfaction tops the list. What can you do as an employer to not only retain your valuable employees, but also keep them content? Get creative.

Filed Under: Employee Benefits, Employee Retention & Engagement, Employee Turnover, Managing Employees, Supervisor Tips and Strategies Tagged With: human resources, management, Management Tips, managing on a budget, salary raise, supervisor tips

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