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The Times: What can I do to retain staff if I can't pay them more?

Ann Francke, Chief executive of the Chartered Management Institute shares expert tips on ways to help retain staff when pay cannot be increased.

The question posed in this weeks expert section of ‘The Times’  

Q - “I run a business of 200 employees and have had numerous requests for pay rises as they seek to cope with the cost of living crisis. I can’t afford to pay them more — what else could I offer to help and to stop them leaving?

Ann Francke, Chief executive of the Chartered Management Institute shares expert tips on ways to help retain staff when pay cannot be increased. 

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