Will your staff stay without a pay rise?
Friday, 23 May 2008
Last Updated: Friday, 23 May 2008
By Colin Benjamin and Amanda Gome
Recent surveys will have us believe that most employees will be seeking a salary increase this year. Are you in danger of losing key staff if you can't/won't cough up the moolah?
Take the skills check and see if you will keep your staff this year. Answer the questions (where a ranking of three means yes/strongly agree) and see whether you are going to be on a recruitment drive.
(1) We have completed performance reviews with staff in the last few months.
(2) We have agreed performance bonuses for our staff.
(3) We undertake insightful exit reviews when staff leave.
(4) We use word-of-mouth to hire staff, rather than agencies.
(5) We have a structured induction program for new staff.
(6) We have recently completed an OH&S audit.
(7) We provide flexibility for staff, which includes job sharing and the opportunity for staff to work from home.
(8) We undertake our own reference checks on potential recruits.
(9) We provide training and development opportunities for our staff.
(10) We have a reward system that celebrates achievements and milestones.
Your score:
- Below 15: Dude, your staff are on the way out the door.
- 16-25: Act now, or you could be paying a big increase in wages to keep your people.
- 26-30: Smile! You won’t have to provide pay rises this year.
Read more about the issues surrounding pay rises here.
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