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Comp 2

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Submitted By klhql
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Composition 2
9/21/2014

Minimum wage in Ohio ranges from $7.25 to $7.95 Some of the top reasons a employee wants to leave their job is because it is not enough pay for the work they got to put in or it is because they do not have a chance to move up in the company if we increase a employees pay rate it would give them motivation to want to stay at their job and work harder to not try to lose their job.
The problem with staying at a company forever is you start with a base salary and usually annual raises are based on a percentage of your current salary. There is often a limit to how high your manager can bump you up since it’s based on a percentage of your current salary. However, if you move to another company, you start fresh and can usually command a higher base salary to hire you. Companies competing for talent are often not afraid to pay more when hiring if it means they can hire the best talent. Same thing applies for titles. Some companies have a limit to how many promotions they allow each year. Once you are entrenched in a company, it may become more difficult to be promoted as you may be waiting in line behind others who should have been promoted a year ago but were not due to the limit. However, if you apply to another company, your skills may match the higher title, and that company will hire you with the new title.
So stating people off with the increase pay rate will make them feel like they are all equal and will not make them feel like they got to wait to get that promotion and they will not try to look for a better job if they start pay off

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