I was hanging around s company when I was ten, and this stuck with me for twenty-something years: One of the employees insisted he needed more money because his new car had larger payments. The partner just said "So I should be glad then that you didn't buy a Ferrari?"
I don't see how employee's "needs" are at all relevant to what you should be paying them. In my experience, when a small company tries to do this kind of thing, people may play along to not look bad, but no one actually likes it. (Well, maybe the person that's getting a raise because they spent more.)
I don't see how employee's "needs" are at all relevant to what you should be paying them. In my experience, when a small company tries to do this kind of thing, people may play along to not look bad, but no one actually likes it. (Well, maybe the person that's getting a raise because they spent more.)