If you’ve ever laid awake at night wondering whether to give a team member a pay rise, and how on earth to afford it, this episode is for you. It’s a topic that comes up all the time in my mentoring sessions and inside The Connection Co. membership, so I wanted to get honest about what really happens when we start increasing wages without a clear plan. Spoiler alert: I’ve made all the mistakes.
In this episode, I chat about the sometimes tricky, often heartfelt process of giving pay rises in a way that honours both your values and the financial reality of running a business. There’s no dry Fair Work lecture here, just real talk, some gentle truths.
If you’re currently wrestling with whether (or how) to give a pay rise, I hope this episode has helped you feel less alone and more equipped. The balance between looking after your team and looking after your business is a delicate one, but you can absolutely do both.
I’ve also created a free fact sheet to walk you through the wage-to-income ratio – what it is, how to calculate it, and what it means for your team. You can download it here: FREE Wage to Income Ratio Factsheet
Thanks for being here….I’m so grateful to share this journey with you.
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