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How inflation affects pay raises

Business Management Daily

If you work a job long enough, you eventually come to expect a salary increase, just as most companies expect to give you one. But what happens when the raise you receive ends up leaving you with less money than you had before? The few bucks you saved on raises last year are likely to incur costs in turnover and training this year.

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How to write a request for a pay hike

HR Digest

When you have been in the current position for more than a year and have no plans to move, then the next step is to request for a pay raise. When you ask for a raise, preparation is the key. Timing your pay raise request is essential. It would be best if you timed it along with the annual pay rise decisions.

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Ways to keep a good specialist if a competitor pays a higher salary

Hppy

Of course, giving your employees the desired level of pay raise is the best option for keeping them in the company. In order to do that, your human resource specialists have to do competitive research, analyze the sums required to lead a healthy lifestyle, creating a pay raise system.

Salary 69
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6 tips for reducing employee turnover

Hppy

Provide regular pay raises. There are a lot of online courses that offer further training in human resource management. For instance, Edith Cowan University offers a Master of Human Resource Management program fully online. So, you need to ensure that your workers always feel like their salaries are fair.

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Employee Promotion: The Types, Benefits, & Whom to Promote

Vantage Circle

It involves an increase in salary, rank, responsibilities, status, and benefits. It brings a change in salary, responsibility, status, benefits, etc. Reduce Attrition: Employee Promotion often includes a pay raise which acts as a huge motivation. What is Employee Promotion? This in return further reduces attrition.

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Employee Promotion: The Types, Benefits, & Whom to Promote

Vantage Circle

It involves an increase in salary, rank, responsibilities, status, and benefits. It brings a change in salary, responsibility, status, benefits, etc. Reduce Attrition: Employee Promotion often includes a pay raise which acts as a huge motivation. What is Employee Promotion? This in return further reduces attrition.

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Is your company’s pay equitable? 5 must-read tips

Insperity

Fair pay is a frequent subject of human resources and employment law discussions of late, with commentary coming from such diverse advocates as the Pope, President Obama and Hollywood. Typically, wage inequality isn’t deliberate but is an act of omission in a company that hasn’t regularly analyzed salaries.