The Salary To Give To Employees - Deepstash
The Salary To Give To Employees

The Salary To Give To Employees

  • Companies that underpay employees tend to struggle in the long run due to high employee turnover.
  • You also can’t assume that if you pay higher wages you’ll get more productivity.
  • Never give employees a cost-of-living adjustment.
  • What you pay them should be within a market-based range for their role.
  • Years of experience often don’t count for much. The important thing is what people know and if they have the capacity to produce.

334

576 reads

CURATED FROM

IDEAS CURATED BY

jessicadelgado

Medical sales representative

This book teaches the fundamentals of owner compensation, profit targets, labour productivity, cash flow, and data reporting. Clear explanations and helpful illustrations throughout make it a must-read guide for small business owners looking to achieve higher profits.

The idea is part of this collection:

Inside The Mind of Elon Musk

Learn more about business with this collection

The importance of innovation

The power of perseverance

How to think big and take risks

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates