On Demand Webinar

Expenses and the cost of living are up for just about everyone across the United States so you should not be surprised when an employee ask for a raise. In fact, you should be prepared for this as a common occurrence. Before responding, be prepared to do your homework including dealing with the consequences if you are unable to provide the requested raise in a timely manner, or at all.

Learning Objectives Covered During This Session:

• How to initially respond to a request for a raise: respectful communication is important.
• How to conduct an initial assessment of the employee’s performance and behavior at work.
• How to update (or create) a compensation philosophy and structure to be competitive in the market.
• How to develop a career path for employees and others affected by change in their position (if raise includes a change in responsibilities or perhaps if it results in a resignation)
• Additional tips including communication and transparency, stay interviews, ongoing pay audits and analysis of market/ industry compensation.

Why attend?

In some cases, you may have to decline the raise and deal with the consequences such as someone withdrawing from being engaged at work or equally as painful, leaving for another job. Before saying yes or no, many variables must be considered including budgets, market data, knowledge, skills and abilities of the employee and internal equity.