The right--and wrong--way to give employees raises
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What's wrong with this picture? You've just nailed downa major new contract, and to celebrate you gather your employeestogether and tell them they'll all be getting a 10 percentraise effective immediately.
Sound familiar? Probably, because this approach to raises is thesmall-business norm--and, of course, employees are quick to applaudit. But compensation experts don't. In fact, according to them,just about everything is wrong with this picture.
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