How to reduce poor pay for workers as a boss

[cherry123]

Nothing is impossible you can work towards paying your workers good wages so that you can retain the good hands . you can do the following

Increase your sales volume to increase profit to enable you pay workers better

Cut down on unnecessary business expenses so that you have more money for good salary payment

Only employ and retain good hands to enable you have money for their good payment

 

[Elendu]

Before increasing salaries, employers need to evaluate the company's financial situation to ensure that they can afford to do so which involves analyzing the company's revenue, expenses, and profitability, and projecting the impact of salary increases on the bottom line in increasing workers salaries it also requires a thoughtful and strategic approach that considers the financial health of the company, the competitive landscape of the industry, and the performance of the employees by taking these steps, employers can improve employee satisfaction, retention, and performance absolutely well

 

[cherry123]

Yesh I agree with you employers need to evaluate the company's financial situation to ensure that they can afford to do so but if not they can drop some workers

 

[Starmix]

The increase also depends on the income of the company. It could happen by reducing the poor pay through retrenchment giving way to worthy workers for an increase, or the company goes bankrupt.

 

[cherry123]

That's the whole essence It could happen by reducing the poor pay through retrenchment but it depends still on the income of the company. But it possible some staff can be dropped

 

[Starmix]

That is right, but if the company s gaining little by little then the increase will be possible even in small dollars to compensate for the workers hard work and sincerity toward the company.

 

[cherry123]

Sure, it is always good to encourage workers by using small funds to compensate for the workers hardwork. This will help to motivate others to do more for the company

 

[Johnson2468]

In order to reduce poor pay of workers, you need to cut down unnecessary business expenses and retain only efficient staffs so as to make the business function well too

 

[Shavkat]

In order to reduce poor pay of workers, you need to cut down unnecessary business expenses and retain only efficient staffs so as to make the business function well too

In my country, the companies need to follow the acceptable wages from the local government agency that is responsible for this concern. If they do not follow, they will be in a difficult situation.

 

[cherry123]

This is the way to go to reduce poor pay of workers, one need to cut down unnecessary business expenses to have money to pay more to the workers monthly

 

[Magnus2022]

A good management of a company must make sure that they don't default in paying staffs. It is very critical area which should not be compromised. An organisation may use overdraft from their banks to meet payment on time if they don't have enough cash.

 

[cherry123]

Yesh a good management of a company must make sure that they are paying their staffs. I agree that staff payment is a very significant aspect which should not be compromised.

 

[Springtime]

To offer a competitive salary to employees, the company needs to make profits and have proper financial planning. Avoid overspending. Reduce unnecessary expenditure. Layout staff who are not productive. Just maintain a highly productive and efficient workforce.

 

[Stardom22]

This is a good strategy for maintaining of the workers in the organisation. There are so many benefits for retaining your workers on your business than the organisation's that doesn't.

 

[cherry123]

For this to happen a lot must be considerm competitive salary to employees needs the business to make good profits and have proper financial planning with all these in place it becomes easy

 

[Bisolami]

Nothing is impossible you can work towards paying your workers good wages so that you can retain the good hands . you can do the following

Increase your sales volume to increase profit to enable you pay workers better

Cut down on unnecessary business expenses so that you have more money for good salary payment

Only employ and retain good hands to enable you have money for their good payment

The workers should also increase their productivity so that they can make more money.

 

[IB D]

Some bosses are just greedy. They always want to take the lions share. I once worked in a school where I organized holiday lessons. The boss took half of the money and gave me the remaining half to pay all the other teachers that participated. How can such a boss think of better pay for his staff?

 

[hastral45]

Nothing is impossible you can work towards paying your workers good wages so that you can retain the good hands . you can do the following

Increase your sales volume to increase profit to enable you pay workers better

Cut down on unnecessary business expenses so that you have more money for good salary payment

Only employ and retain good hands to enable you have money for their good payment

In an attempt to increase your workers pay out, you don't transfer the burden on the sales of your products by increasing their prices arbitrarily. Remember you have to consider the behavior of the product in the markets before you alter its price. If you increase the price of commodity that has poor demand in the market, what would happen to the product?.

 

[fcbetting]

Try do restruction at work and make your workers more productiv. Maybe some invest in new equipment or vehicle will increase productivity without more work hours. More productivity will bring more money to everybody.

 

[Niyi Briggs]

Some bosses just set unrealistic thresholds of payment. Most have the capacity to pay beyond what they currently offer but it is what it is. The greedy nature of humans.