How to Navigate Uncertain Economies as a Leader

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If your employees are dissatisfied with their pay, your business may begin suffering. Do you have a plan to address employee wages? A leader should always be prepared to discuss compensation. An employee may bring it up at any point, whether or not it was on the prepared agenda. Have a plan of action for this discussion, and write out the main points factoring into your decision when you come back to the employee. Below, we will talk about plans of action, including what to do when increasing wages isn’t affordable for the business.

How to Talk to Your Employees About Compensation

Talking about compensation can be uncomfortable for employers and employees alike. But if an employee feels that their compensation and rewards are not meeting their needs, you may find yourself dealing with high rates of staff turnover. In the ideal environment, employees will feel safe enough to talk about compensation and benefits with their employer. Still, it’s up to the employer to create a space where employees feel comfortable talking about pay. For this reason, it starts with a healthy workplace culture. We recommend addressing any issues with culture in conjunction with compensation evaluation.

In addition, the sooner and more often you bring up pay, the easier it will be for your employees to do the same. Talk about bonuses, raises, and how an employee can expect their pay to change. Regular employee evaluations to check in on how an employee is or is not meeting their requirements will allow them to anticipate future wage changes.

Are You Paying Correct Wages?

At Pivot HR, we work with companies in need of a compensation and benefits review. Many times, employers will be sick of constant employee turnover and the high costs associated with this process. Other times, they want to increase employee satisfaction with pay but are unable to make the changes financially. Pivot HR works with companies with different needs to discuss compensation and rewards. Our methods help you to retain your best employees based on market benchmarks. In our process, we will use salary surveys to communicate with employees if they are being under or overpaid based on market value.

If your company is unable to increase employee wages, there are other methods of increasing employee satisfaction. Altering benefits and added flexibility for remote work or appointments are just two ways you can increase employee retention rates. In a call with us, we can discuss what steps are manageable for you to take and develop a customized plan.

Outsource Your HR

Consultants allow you to hand over pertinent conversations to experts who have more time on their hands to address the issues. Through total reward surveys, employee engagement surveys, and more, we will assess many aspects of your employees’ views of their workplace. Pivot HR creates tailored solutions for each one of our clients.

We offer a broad range of HR services to clients all over the US and Canada. From compensation reviews to anti-bullying and harassment training, and from workplace investigations to hiring and onboarding, Pivot HR can help.

Contact our team today to discuss how our HR consultants can help you.

What Our Clients say about us

“Robin and Mia were both exceptionally professional and responsive and understood our needs. Their work was of great quality. We are a small non-profit organization and we found them very easy and wonderful to work with. Great value and highly recommend.”

~ Joy Masuhara , Co-Chair Women Transforming Cities International Society

“Cindy is a remarkable professional coach, who goes well beyond expectations in supporting her clients’ development. She knows how to ask the right questions and uncover the real and deep issues that contribute to the limitations we put on ourselves. This type of personal exploration is tough work to do alone and remain committed to necessary change. Cindy’s approach and support made this process one of the most impactful experiences of my life, professionally and personally.”

~ Monique Cotton, Firm Administrator, JFK Law Corporation

“As a medium size business with over 100 employees working in very different areas of our operation, Pivot was able to quickly understand our HR needs and offer practical solutions. Robin and the Pivot team worked closely with our Leadership group to implement effective turnkey solutions on time and on budget. We will continue to use Pivot for our ongoing HR needs and would highly recommend their services.”

~ Adam Zubek, General Manager, Point Grey Golf & Country Club

Pivot HR Services provides personalized solutions for our organization’s human resources needs. By engaging their services, we have been able to successfully outsource our HR function, as the Pivot team has demonstrated their ability to understand the HR priorities of our workplace culture and industry.

~ Areef Abraham, Chief Executive Officer Community Power

“Robin developed our employee policy manual with the goal of engaging and retaining our current staff as well as attracting new ones in this highly competitive marketplace. Her in depth knowledge of current legislation and HR policies proved to be of significant benefit. I would highly recommend Robin and the team at Pivot HR Services.”

~ Christopher Soles, President, Nextgen Technologies Ltd.

“Robin has been and continues to be an outstanding resource for our organization to navigate HR issues as we grow. She always approaches problems with professionalism and a keen eye for our best interest. I’d certainly recommend Robin to anyone looking to elevate their HR processes.”

~ Karim Abraham, CEO, Kambo Energy Solutions

“Our firm turned to Robin for advice and guidance at a time when we faced a period of serious difficulty in managing our human resources. She assisted us through the process of putting our relationship with our staff on a stronger, more stable footing and helped us implement a complete overhaul of our human resources policies. We could not be more pleased with the work she has done and continues to do with us.”

~ Robert Janes, QC, Managing Principal JFK Law Corporation

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