Category Archives: Staff Benefits
On Remuneration: a pay model for SMEs
Pay is a complex business. Often we only get a measure of how well a firm pays relative to the employment market when people leave. Then of course it’s too late. Pay is not the only reason why folk leave one firm and move to anotherbut often it is high in prominence in the overall decision. This blog sets out the primary criteria in deciding how much to pay an employee for doing a job and then describes a pay model that allows these criteria to be met. If followed, this model enables the SME principal to set fair and appropriate wages for all staff. Continue reading →
