Employees expect the occasional pay raise. It’s a way to recognize and reward them for all of their hard work and can reduce employee turnover. At the same time, giving your employees raises shouldn’t be a decision that you make lightly. While there are advantages to employee raises, it can also backfire and actually hurt your business.
1. Your business can’t afford this additional expense.
One of your primary responsibilities as a business owner is to decrease overhead, not increase it. This may not be an issue when times are good. But, there are a number of outside factors
source http://www.omnipopmag.com/2017/03/07/8-reasons-giving-your-employees-a-raise-will-hurt-your-business/
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