4 tips for distributing pay raises

08/18/2013 | Entrepreneur online

When deciding how to allocate pay raises among your staff, you should think about your business' budget, your employees' performance and what your competitors are doing, writes Ryan Himmel. "Be cognizant that most employees are always comparing their salary to what else is offered in the marketplace," he recommends. Also, be aware of the state of the economy as a whole, he writes.

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