I have a quick question for anyone who can help. When our employees get to the year anniversary of their emplacement we like to give employees a raise. From this point we have been doing a percentage based rate scale but someone had mentioned we should look into flat rate raises instead. I have done some research but still don’t know which one would be better for our company. If anyone has any suggestions or advice on this topic that would be much appreciated.10
We use a percentage based scale, it just seems to be easier to keep everything simple when we go around and do our yearly review. Since we tend to give raises annually it just makes more sense for our company.00
Lindsay that was a good blog post to explain the differences! I myself never really looked into the difference but now it is something to keep in mind.00
That blog post helped with how we are going to do out raises, I really appreciate the reference! Thanks Lindsay00Marius KentParticipant
Normally flat rate raises are for times when you have a specific purpose. Percentages are the norm, but if a percentage doesn’t make sense (i.e. too high or too low an amount) then a flat rate is a good alternative to investigate.00
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