For example, you would probably give a pay raise to an employee who becomes a CPA. Merit-based salary raises might not be widespread. If you do give raises to all your employees, the amounts might differ based on performance. Carefully calculate raises based on merit. Determine which ...
However, before you hand out raises willy-nilly, you need to establish some baseline criteria for how to calculate those salary increases. You might have to do a little bit of math. But don’t worry, there are some helpful tools that can assist you with that. Read on for some important...
Use that salary range when talking to prospective employers. These steps are crucial to learn how to negotiate a starting salary. More on that in just a moment. How to negotiate your salary as a new graduate? If you’re starting out or just left college, you might not have much to show...
PayScale.com: View annual reports on compensation trends to see what is happening across the market as far as raises and challenges in the workforce. PayScale Salary Reports: PayScale offers an interface that assists with salary information like market value, allowing you to input education and...
Employees often try to find positions with optimal salaries and benefits that align with their lifestyle needs. Offering a competitive salary and implementing regular raises can show that your organization values its employees. Some benefits that employees might also look for in companies include health...
Timing can make or break your request for a salary adjustment, so be sure to factor this in when asking for a raise. Part of being able to distinguish between optimal and poor timing in an organization involves understanding what’s happening on a larger scale in your department and company...
Covering the owner's salary and other employee wages Packaging and shipping costs for customer orders Examples of working capital Need to calculate your working capital needs? Here are some of the things you might want to consider when reviewing your business expenses: ...
Covering the owner's salary and other employee wages Packaging and shipping costs for customer orders Examples of working capital Need to calculate your working capital needs? Here are some of the things you might want to consider when reviewing your business expenses: ...
Before negotiating a raise, take a little time to review your company's policy on raises. If your company has it clearly defined in the handbook that raises are only permitted during annual reviews, you know that you're in a bad spot. You can still go for it, but you'll have to add...
One great way to track your progress is tocalculate your net worth. Your net worth is simply your assets minus your liabilities. It gives you a great insight into how you are progressing towards your financial goals. In addition to your net worth, I like to track one other ratio. ...