I Can't Afford To Increase Salaries Right Now. What Else Can I Do?

Dina Fergadiotis - HR Advisor

If there is one thing that employers dread it is that knock on the door from an employee eager to talk about their salary. Does that sound familiar? 

Sometimes the business cannot afford to increase employee salaries which is absolutely okay!  Sometimes you may have a small amount you can afford to spend, but you simply can’t increase your overall wages bill. In fact, you don’t actually have to increase the salary of your employees every year. The only obligation an employer MUST MEET is to ensure their employees’ hourly rate is at least the minimum requirements under the relevant Modern Award.

There are plenty of other ways to reward employees, keep them engaged with the business and keep them motivated in their roles. We have listed a few creative options below that we know work! 

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