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A businessman always wants to save money and at times he gets so much under the skin of saving money that he ends up not paying his employees their rightful dues. We call this as exploitation and exploiting your workers will lead you to no good. They will not say anything for a month or so but will definitely not take it forever. They will display their displeasure by not working up to their mark and gradually will leave for better. In this process you also end up losing some fine men and in today’s time it is very hard to earn loyalty of others. We work in a professional environment and we expect the workmen to be professional with their approach towards work. Similarly, they also set the same expectation when it comes to their package. Not paying them what they truly deserve will ultimately hit your work hard when you see their moving to some other company that pays them more than you do.
In the construction business, you just can’t afford to exploit the laborers because if you try and do that it will backfire like anything. They leaving your project in the mid can have a drastic impact on your work and can completely leave it jeopardized. Do not play with your project by trying to save few dollars. It will cost you more than what you will be able to save.
Payment should be on time:-
The construction laborers have a family to run like you do. They also need to take care of their secured and unsecured loans and if you do not pay them on time then they will be unable to pay others on time. This will have a larger impact on their credit report and many other things that will be difficult for us to contemplate. In a nutshell, they should get their pay on time to meet their weekly expenses. Ideally, the construction laborers are paid on a weekly basis and therefore the company should have strong HR mechanism to ensure that the payments of all the laborers are accurate and done on time. Try not to delay their pay and in case if you foresee any delay in paying them, inform them well in advance so that they can make necessary arrangements. You also need to make sure that you pay all the other employees like the operators, site engineers, administrative guys and everyone who works for you.
Losing men with skill and talent will be a big loss:-
Paying your employees on time in just one side of the coin. The other side is to pay them as per the industry standards. You may be a small company but you can still afford to pay your employees what other small companies are paying. Your workers will understand your inability to pay them what a mammoth company can but will not be willing to take it if you pay them less than a small size construction company pays to its employees. They will not take long to leave you and move to the next best available option and construction sector will accept any person who is skilled and know his part of job well.