Tag: economy

Six Ways to Reward Employees When Cash is Tight.

As small businesses have struggled to survive during the recession, it has been difficult to reward employees with raises and/or bonuses. In fact, many small firms found it necessary to cut employee salaries, perks and benefits in order to survive financially. As we approach the end of 2010, the picture doesn’t appear to be appear to be getting any better. Only a small percentage of small businesses say they’ll be offering salary increases this year. And those who do, plan for the increases to be very small.

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