My employees say they are underpaid, and the thing is, they are right. Salaries are rising, and I cannot keep up. (I’m not one of those CEOs making millions — my take-home pay is less than my vice president’s pay.) Pre-pandemic, their salaries were at market rate, and the business was profitable. But the continued shutdowns hurt us, and now I don’t know what to do. Close the business? Hope my employees stay and we regain what we lost? Give them raises and take no salary myself? (I have bills too!) Help!
To read the answer, click here: My Employees Want More Money. I Have None.