Growing Your Team with Jamie Van Cuyk
Jamie Van Cuyk
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The Problem With Paying New Employees More Than Current Employees
On Today's Episode Are you hesitant about posting pay on a job post because you'll be paying new employees more than your current employees? As the cost of attracting quality team members increases, the pay of current employees doesn't always match. When this happens, many small businesses want to keep the pay ranges for their open positions a secret. However, not advertising pay on a job post can lower the number of applications received, and it is illegal in some cities and states. If you're considering paying new employees a higher rate than current employees, the main problem shouldn't be hiding this fact from your current team members. Instead, it should be properly addressing why the pay difference exists to begin with. In this episode of the Growing Your Team podcast, you'll learn how to properly determine when new employees should make more than current employees and how to proactively navigate the information with your team members. 🎧 Related Episodes: Episode 128 – Should You Post Pay on a Job Posting? Episode 152 – How to Effectively Discuss Pay During the Hiring Process Episode 156 – Should You Allow Your Employees to Discuss Pay? 📱 Connect with @GrowingYourTeam Website | https://www.growingyourteam.com Instagram | https://www.instagram.com/growingyourteam LinkedIn | https://www.linkedin.com/company/growingyourteam Facebook | https://www.facebook.com/growingyourteam
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