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Reasons to increase employee pay, by your small business accountant in Melbourne

Many business owners might not be able to afford providing their employees with a pay rise, but if you have the means to do so be sure to read on. Here are the reasons why our small business accountants in Melbourne recommend for you to increase the wage you pay your employees.

Melbourne’s small business accountants recommend a pay increase to your employees and here’s why:

• Did you know that over 60% of employees choose to take a specific job simply due to the pay, so increasing your wages ever so slightly might have the ability to land yourself a great team member with a higher set of skills
• A higher wage will evidently improve employee satisfaction, as it not only motivates them but can have the ability to alleviate stress in their home life as well
• Not many people will think this, but increasing your wages has the ability to increase your brand image and result your business becoming more or a respected business. It won’t scare customers away if you increase prices and with better employees due to the higher wage, there will be more satisfaction from your customers

3 simple but valid reasons as to why your business shouldn’t be afraid to pay their employees a little more than the minimum wage. If you do want help with deciding how much to pay your employees, our business accountants in Melbourne are experts of the trade and are always willing to help.

Get in contact today with out small business accountants in Melbourne with any enquiries that you may have.

 
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