In a BLR webinar entitled "Where's My Raise? How to Handle Tough Pay Conversations With Employees," Theresa Murphy of HR Partner Advantage and David Wudkyka of Westminster Associates emphasized three critical steps toward preparing for conversations with employees:
- Know the compensation trendsacross the country, within your region, and within your industry (as much as possible).
- Decide upfront -- before you're scheduled to allot and award any increases this year --how you'll divide the available compensation dollars among your workers.
- Most of all,prepare your managers for dealing with tough pay conversations with their teams and manage any unrealistic expectations your rank-and-file employees may already have!
Theresa Murphy is the principal consultant for HR Partner Advantage, an independent human resources advisory firm based in Raleigh, N.C. She may be contacted at firstname.lastname@example.org. David Wudyka is the founder and managing principal of Westminster Associates, a Massachusetts-based human resource and compensation firm that specializes in pay, performance and productivity issues. He may be contacted at email@example.com .