Forums: Discussions for entrepreneurs and small business.

What tips do you have to keep your company profitable for the workers like us CEOs, and keep employees salary low

 

thanks

You don`t - you succeed by paying employees fair wages to keep them happy and recruit good people.

Before downscaling wages, take a hard look at your pricing/charges.  Determine your actual profit line from your costs.  Are you charging enough for your product/service?  Instead of rolling back wages, look at other possible efficiencies.  Can you reduce waste? reduce time? increase productivity?  Change marketing schemes?  All of these can increase the bottom line without losing good personnel due to wage scale backs.

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Ken Galo
Empire Building isn`t easy but it`s fun.
www.lk-clean.com
www.cleanpeers.com
www.icasupplycentral.com
www.globalcleaningassociation.com

Ditto Nikole! It`s that old addage, "You get what you pay for." Invest in good people and watch your ROI go up!

~Sandra

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Sandra Pearson
The Mompreneur Next Door
www.themompreneurnextdoor.com
sandra@themompreneurnextdoor.com

`Keep employees salary low` seems a rather strange approach to me. You need to be seen to be fair when it comes to wages and then introduce strategies to boost staff motivation.

Andrew