Employee salaries are a critical business decision made by company leaders and HR managers. There’s much to consider: current and future company revenue, the opportunity cost of money going to employees as opposed to somewhere else, the impact of salaries on your hiring processes, and so on. These decisions are so crucial because of the impact salary has on the employee experience. That money helps sustain their personal life and drives many of their choices outside of work. It is also one of the key details people consider when choosing where to work. Your employees drive your business forwardso if their income impacts their stability in some way, that’s going to impact their productivity. That means their salary is directly linked to your company’s success. Logically, therefore, you should pay your employees above-industry-average salaries. Here are seven reasons why doing so will boost your business output and actually decrease your costs:. In our ever-changing busi...