Should you make less than new hires?

Video 542 Pay your existing team more than your new hires! Why is this even a question for companies? If you are hiring new people, you need to make a market adjustment to bring your existing teams up above that level of pay, especially if they are training and developing your people!

If not, people will see the salary difference on the job ad or discuss it, it’s protected by law, and you will be on big trouble with angry employees as a business owner. Do the right thing, adjust the pay.

#compensation #companyculture #mattrieck #pay #employeeturnover