Re:Ask HN: Best ways to retain qualified employees?
by fennecfoxen on Monday July 06, 2020 @06:10AM
(#23746288)
It can't be all just increases in salary, but don't ever stop increasing salary. You should have a cost of living adjustment, in line with the BLS regional CPI-U index for the last year, as a minimum, and maybe an extra 1% just on principle.
This bare minimum will keep you from coming across as super-cheap and out of touch / unconcerned with their compensation. Remember most employees can get a bigger raise by switching jobs; your salary increases shouldn't make a point of making that obvious.
This bare minimum will keep you from coming across as super-cheap and out of touch / unconcerned with their compensation. Remember most employees can get a bigger raise by switching jobs; your salary increases shouldn't make a point of making that obvious.