Article
Alternatives To Pay Rises: How Employers Can Retain Staff In A Challenging Market
For many employers, particularly SMEs, the pressure to retain good people is running ahead of what the payroll can support. Salary increases commit a business to ongoing cost, and in a period of squeezed margins and economic uncertainty, that is a commitment many cannot responsibly make. The question, then, is how to keep valued employees engaged and motivated when a pay rise is not the answer.
Buckles Law