2.39 How to Conduct a Staff Salary Review in 2022
In this episode, Karen Kirton explores the complexities of salary increases, particularly in a year impacted by rising inflation, competitive labor markets, and Fair Work Commission wage decisions. As businesses navigate financial constraints while trying to retain talent, it’s crucial to take a structured approach to salary reviews and communicate effectively with employees.In today’s episode, you will learn about:The impact of inflation and wage decisions on salary reviews – How rising costs and Fair Work’s mandated increases affect businesses and employee expectations.Understanding award…
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