For many, the most nerve-wracking conversation for both the employer and employee is a discussion about a salary raise. Nationally, employees will receive an average 3 percent wage increase this year. With this in mind, employers must carefully decide who gets a raise and when, while employees must perfect the art of salary negotiation. Consult this guide to become fully versed in the ins and outs of the salary raise.
If you aren't yet familiar with the Dunning-Kruger effect you’re missing out (and if you are, you’re bound to be pleased to be reminded of this old friend). It’s an idea that explains so very many aggravating things in the world of business, and perhaps the world in general.
Regardless of tough times, poor company results or average employee performance, most employees feel they are entitled to an annual raise. This is because most employees have not been shown the connection between pay increase and value created in the workplace.