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Is there any specific retention rate at which HR/finance introduce salary increase for all employees? [closed]
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In few companies so far I've seen the same scheme - at some point the company pays significantly less than the competitors on the local job market, then staff turnover grows, then salaries for all employees are increased. Is there any standard retention rate at which company should do it?
human-resources
asked Aug 31 at 15:31
Landeeyo
1136
closed as too broad by gnat, Mister Positive, IDrinkandIKnowThings, paparazzo, OldPadawan Sep 1 at 6:20
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
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up vote
-4
down vote
favorite
In few companies so far I've seen the same scheme - at some point the company pays significantly less than the competitors on the local job market, then staff turnover grows, then salaries for all employees are increased. Is there any standard retention rate at which company should do it?
human-resources
asked Aug 31 at 15:31
Landeeyo
1136
closed as too broad by gnat, Mister Positive, IDrinkandIKnowThings, paparazzo, OldPadawan Sep 1 at 6:20
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
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"Should"? or "Could"? What is your goal in asking this?
– DarkCygnus
Aug 31 at 16:05
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up vote
-4
down vote
favorite
up vote
-4
down vote
favorite
In few companies so far I've seen the same scheme - at some point the company pays significantly less than the competitors on the local job market, then staff turnover grows, then salaries for all employees are increased. Is there any standard retention rate at which company should do it?
human-resources
asked Aug 31 at 15:31
Landeeyo
1136
In few companies so far I've seen the same scheme - at some point the company pays significantly less than the competitors on the local job market, then staff turnover grows, then salaries for all employees are increased. Is there any standard retention rate at which company should do it?
human-resources
asked Aug 31 at 15:31
Landeeyo
1136
asked Aug 31 at 15:31
Landeeyo
1136
asked Aug 31 at 15:31
Landeeyo
1136
asked Aug 31 at 15:31
Landeeyo
1136
1136
closed as too broad by gnat, Mister Positive, IDrinkandIKnowThings, paparazzo, OldPadawan Sep 1 at 6:20
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
closed as too broad by gnat, Mister Positive, IDrinkandIKnowThings, paparazzo, OldPadawan Sep 1 at 6:20
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
1
"Should"? or "Could"? What is your goal in asking this?
– DarkCygnus
Aug 31 at 16:05
add a comment |Â
1
"Should"? or "Could"? What is your goal in asking this?
– DarkCygnus
Aug 31 at 16:05
1
1
"Should"? or "Could"? What is your goal in asking this?
– DarkCygnus
Aug 31 at 16:05
"Should"? or "Could"? What is your goal in asking this?
– DarkCygnus
Aug 31 at 16:05
add a comment |Â
1 Answer
1
active
oldest
votes
up vote
6
down vote
Is there any specific retention rate at which HR/finance introduce
salary increase for all employees?
No.
Every company is different. They all chose their salary scales based on a combination of market rate, availability of workers, and the company's specific financial situation and needs.
There is no magic rate at which everyone's salary would be increased.
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
add a comment |Â
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
6
down vote
Is there any specific retention rate at which HR/finance introduce
salary increase for all employees?
No.
Every company is different. They all chose their salary scales based on a combination of market rate, availability of workers, and the company's specific financial situation and needs.
There is no magic rate at which everyone's salary would be increased.
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
add a comment |Â
up vote
6
down vote
Is there any specific retention rate at which HR/finance introduce
salary increase for all employees?
No.
Every company is different. They all chose their salary scales based on a combination of market rate, availability of workers, and the company's specific financial situation and needs.
There is no magic rate at which everyone's salary would be increased.
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
add a comment |Â
up vote
6
down vote
up vote
6
down vote
Is there any specific retention rate at which HR/finance introduce
salary increase for all employees?
No.
Every company is different. They all chose their salary scales based on a combination of market rate, availability of workers, and the company's specific financial situation and needs.
There is no magic rate at which everyone's salary would be increased.
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
Is there any specific retention rate at which HR/finance introduce
salary increase for all employees?
No.
Every company is different. They all chose their salary scales based on a combination of market rate, availability of workers, and the company's specific financial situation and needs.
There is no magic rate at which everyone's salary would be increased.
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
answered Aug 31 at 16:35
Joe Strazzere
225k107662933
225k107662933
add a comment |Â
add a comment |Â
1
"Should"? or "Could"? What is your goal in asking this?
– DarkCygnus
Aug 31 at 16:05