Business Case
Compensation
An employee makes $65K a year and works hard.
They decide to talk to their manager.
Employee: “I deserve a raise at $75K.”
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Boss: "Why do you feel this way?"
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Employee: “Based on averages for this job title, my years of experience and performance, a salary increase is reasonable.”
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Boss: “We can’t afford the pay rise.”
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Employee: Quits 5 months later.
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Boss: Job vacant for 3 months. Reduced team morale. Incurs business losses at $60K. Approves new job posting at $75K. Spends $30K in recruiting and training costs.
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It's cheaper to retain staff than to replace them!
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