Experience in adjacent disciplines
Experience with competitors
Product knowledge
Competitor knowledge
Time and experience in company
Education
Discipline training and certification
Supply and demand
Employee Value Drivers
Experience in adjacent disciplines
Experience with competitors
Product knowledge
Competitor knowledge
Time and experience in company
Education
Discipline training and certification
Supply and demand
Employer Value Drivers
Employee Value Drivers
Base pay
Performance Pay
Paid time off
Benefits
Travel
Culture and environment
Work flexibility
Work/Life balance
Meaningful work
Who you work with
Challenging work
Opportunity to impact
Job security
Shared purpose / mission
Career advancement opportunities
Autonomy
Senior leadership
Report Relevant Info
Negotiation Skills
I was approached by an employee who was very upset that her base pay was being frozen. After going through our philosophy, the employees pay compared to the grade and range she was in the employee left the meeting with a smile on her face, feeling positive about the conversation.
Monarch Landing, 300 employees
Source: Card, D., et al., (2011); “Inequality at Work: The Effect of Peer Salaries on Job Satisfaction.”
“Wow! This is what our employees need to see! They only ever talk about what they see in their paycheck, so this would really drive home our total investment!”
Alberta Motor Association - 2,000 employees
of employees will compare pay
Talking Points
Start by appreciating accomplishments
Mention market movement of the position if applicable
Explain position in range
Remind of last year’s adjustment amount if appropriate
Discuss what you will or won’t do for increase or bonus depending on skillset, performance, etc.
Open the door
Talking Points
Start by appreciating contributions
Remind of performance issues
Explain position in range
Discuss what you will or won’t do for increase or bonus depending on skillset, performance, etc.
Explain what they need to do to be eligible next go round
We will contact everyone within the next few days to set this up.
Download our free eBook: Communicating Compensation: Your guide to tackling tough conversations about pay
PayScale
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