What The Dickens?
10th January 2017
Despite best efforts to create some workplace cheer the mannequin challenge videos and Christmas jumpers are now packed away and the warm goodwill of the festive season makes way for the chillier reality of getting back to business.
The beginning of a calendar year or the imminent (it really isn't that far away) arrival of a new tax year are often the time for pay reviews. This year these might be tougher than usual with teams who have excelled operationally, hitting incentivised targets, having to accept that bonus payments are not viable.
With inflation rising but no acceleration in pay growth, employees may request a meeting to discuss incremental rises to annual salary, while the prolonged pressure on lean teams may result in requests for additional headcount.
With knowledge of current, local remuneration practice you will be better equipped to hold constructive discussions about resourcing and avoid assuming the caricature of a cold-hearted miser. Equally, employees can avoid entering into salary negotiations which have Oliver Twist overtones of "I want some more."
Thorpe Molloy Recruitment's salary guide may be a good starting point for your research and is available for download at http://www.thorpemolloy.com/resources/.