YOU
ONLY HAVE a limited amount of money to pay your employees, I understand that. As a result, you’re probably going to pay people differently, spending the most money where you think it will give you the greatest benefit. Primarily, you’ll pay your most valuable people more than the others.
There’s other factors too, yes, but the effect is the same. Most likely you have some workers who feel adequately rewarded, while others feel slighted. Even if you try to be cagey about pay levels – especially if you do – people will pick up on the fact that they’re paid less.
This is one of the biggest quandaries about running a business. Given that you only have limited resources, how on earth can you pay everyone what you’d like to?
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