HR & Indigenous Relations
Internal promotions are the gold standard in employee needs because it creates employee loyalty, employee trust, and career advancement opportunities while lowering employee animosity when an outside person is hired. Proper training is the key to making internal promotions work.
Recognizing good work is important because an appreciated worker is loyal, works harder, helps other employees, and becomes engaged. If you create a proper recognition program employees may not even demand higher pay.
The reasons why merit pay increases are important are that it keeps top performers right where the organization needs them, keep unqualified employees from becoming managers, reward the experts that drive your organization, and attract more top performers.
Your organization needs good benefits because they will help create loyalty, increase employee health, reduce employee stress, reduce bad turnover, attract top performers, increase productivity, and increase revenue.
The top reasons to give employees a yearly cost of living pay increase are so you can retain good employees, build trust and loyalty, make employees feel safe and secure, attract good employees, reduce loss of organizational knowledge, and reduce bad turnover rate.