That doesn't sound like a good reason to me. You can use a bonus to cover fluctuations without hurting morale too much. Plus you don't have to give everyone a

That doesn't sound like a good reason to me. You can use a bonus to cover fluctuations without hurting morale too much. Plus you don't have to give everyone an automatic raise If you post new jobs at a higher rate. Just give them a new title, and allow current employees to apply for them.