Companies that think they can win their employees’ love and loyalty by doling out small change throughout the year will find the novelty effect is short lived.
I wouldn’t actually turn down a raise (never actually met anyone who did), but don’t jump onto this “great” new idea of giving small raises four times a year. In theory, it sounds good. I mean, who wouldn’t like a raise every quarter? But, the reality is, four good raises a year isn’t sustainable (unless you start your employees out about $100,000 below market rate, in which case, good luck getting them on board in the first pace). And four lousy raises are simply four times in which your employees’ hard work is insulted by a pat on the head.
To keep reading, click here: Please Do Not Give Me Four Raises Per Year