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Employees who make less

MarquisoMarquiso subscriber Posts: 3
edited October 2007 in People: Hiring, Partnering, Mentoring
What tips do you have to keep your company profitable for the workers like us CEOs, and keep employees salary low
 
thanks
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Comments

  • KenGaloKenGalo subscriber Posts: 0
    Before downscaling wages, take a hard look at your pricing/charges.  Determine your actual profit line from your costs.  Are you charging enough for your product/service?  Instead of rolling back wages, look at other possible efficiencies.  Can you reduce waste? reduce time? increase productivity?  Change marketing schemes?  All of these can increase the bottom line without losing good personnel due to wage scale backs.
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  • SandraPSandraP subscriber Posts: 3
    Ditto Nikole! It`s that old addage, "You get what you pay for." Invest in good people and watch your ROI go up!
    ~Sandra
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