Q. Does any law require a company to give employees a raise at the end of the year or other amount of time? — Berenice, Florida
A. No, as long as you are paying employees at least the minimum wage, you need not raise their pay, ever. Of course, more than legal issues are at stake here. No pay raises will eat away at morale and, if your competitors pay more, employees may seek other employment.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/37705/is-there-any-hidden-obligation-to-give-raises "