How to Handle Employee Raises as a Small Business Owner

It is the right of any employee to ask for money to keep up with the cost of living. Of course, it does create a challenge for a business owner.

ADP recently published their national employment report. Their most recent report from December was reporting that the average employee at a company received a 7.3% salary increase over the past year. The average employee who switched jobs received approximately a 15% pay increase. Listen to this week’s episode to learn how to handle employee raises as a small business owner.