As a business owner, how do you structure pay for your staff to make them stay for long with you?

[King Belieal]

One of the challenges of business is retaining staff. And one major component of that is pay and financial incentives that staff get working for a business organization.

How can a business owner structure pay for staff employed to ensure they stay working for the business long term?

 

[Min George]

If there is a clear requirement for reaching a particular level that would have a staff's pay increased, the staff would likely stay.

 

[eLdavis]

Ensuring that that there is a fixed date where payment is always made and there is room for an increase in salary when they work to a particular level.

 

[Augusta]

It is to set a comparable wage that is consistent with similar companies, set reasonable schedules for working, provide educational opportunities etc