How to Tell Your Employees They're Not Getting a Raise
Being a manager doesn't just mean snagging a corner office and getting to call the shots; it also means making tough business decisions and, in some cases, being the bearer of bad news. If your employees won't be getting a raise this year, whether due to a company decision or one you made yourself, you'll no doubt find yourself in a tough spot when the time comes to let them know. Here's how to break the no-raise news firmly but compassionately.
Being denied a raise isn't something to be taken lightly, so as you have those conversations with your employees, don't be surprised if their reactions run the gamut from sad to hurt to downright outraged. This is all normal, and to be expected, so let your workers say their piece and take a few minutes to process the information being thrown at them. You might even encounter a few tears, so it wouldn't hurt to have a box of tissues at the ready.
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Source: Fool.com
