Raising Havoc
The right--and wrong--way to give employees raises
By Robert J. McGarvey •
Opinions expressed by Entrepreneur contributors are their own.
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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