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

 

[Stardom22]

Although money is never enough to anyone, but as an employer you should ensure that you some reasonably amount in salaries and other job incentives to your staffs if at all you like to retain them on your company.

 

[Augusta]

From experience you just need to always pay on time. No matter the amount you have agreed on. Just pay on time.

 

[Nomad]

These days I pay based on quality of work, time devoted and tasks they are giving, so payment differs,

 

[Fidelia]

From experience you just need to always pay on time. No matter the amount you have agreed on. Just pay on time.

That's where as an employer, you need to agree a wage level that you know you can pay without having to enter debts or delay unnecessarily.

 

[Bigshow]

Money is never enough but the little you can do to reward and always make sure you are or you has a date if payments and they are always intime

 

[Springtime]

Other than providing a stable monthly salary, the company can offer stock options, bonus or other fringe benefits such as health care insurance to keep good staff.