Your employees play a big role in the success of your small
business. You probably want to make sure that an exceptional worker stays with
your company, so you don’t lose their skills and expertise. One way to keep
someone from job hunting is by rewarding them with a raise, which can boost
morale and increase job satisfaction. If you don’t know whether it’s time to
give one of your team members a pay raise, check out these five signs they
1. They do what’s needed without being asked
A staff member who deserves a raise regularly does more than
the bare minimum. They’ll gladly pick up a task outside their job description
without being asked because they know it needs to get done.
2. They ask for feedback
Employees who regularly ask
for feedback want to be better at their job. They’re not embarrassed
to ask for help or advice because they know it will make them a better team
member and help them learn new skills.
Reward personnel who are not only focused on their own success, but also the success of the company. Look for team members who are taking steps to help the company achieve its goals, are willing to share the spotlight with others, and go out of their way to help a coworker who is struggling with their workload. A worker who focuses on the company’s goals and helps their teammates might also be ready for a promotion. Learn if it’s the right time to promote one of your staff members.
5. They’re prepared
You don’t have to give someone a raise every time they ask
for one. But, consider giving an employee a raise if they have a list of their
accomplishments prepared. They’re proving to you that they are actively helping
your company succeed and would like to stay with you to help the company grow.