How to Keep Staff When There’s No Money for a Pay Rise

Your best employees work hard because they’re passionate about what they do. But even they still probably want more money…

Unfortunately, not everyone can get a big pay rise each year. No business can work like that. Which puts you in a tricky position. If you can’t give your staff the raise they deserve, what’s stopping them leaving to work for someone else, like a competitor? Underpaying is a huge retention risk for businesses—according to one survey, 22% of employees who left their jobs did so for more money. Fortunately, pay isn’t the only way to reward. Here’s how to keep your best employees, even when there’s no money for a raise (and what to do when pay really is the only thing that matters)...

First, understand what your employees really want

Want to read more?

Subscribe to floristrytradeclub.co.uk to keep reading this exclusive post.

Subscribe Now