Blueprint

The Right Way To Conduct Salary Talks

Name: The Right Way To Conduct Salary Talks - ResourcefulManager
Availability: InStock

How To Make Employees Feel Good About Their Pay… Even When It’s Below Expectations

When supervisors don’t clearly communicate the key elements of a good salary talk, the employee is left to fill in the gaps with their own imagination.

Do it right, and you’ll have an engaged workforce and well-controlled costs.

Do it wrong, and you end up with an unmotivated workforce, high turnover and higher-than-desired recruiting and onboarding expenses.

In this Blueprint you'll discover:

What is in an effective pay structure
Productive vs. Destructive salary talks - and what makes the difference
A framework to guide you through before, during and after the talk
5 mistakes most companies make during salary talks - and how to avoid them
Example scenarios to prepare you for potential employee responses

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Chapter 1: Why Salary Talks Are So Important – And Difficult

The role of compensation in motivating your employees (is it still as important as we've always thought?)
3 goals of compensation strategy: understanding how they work and knowing how to manage them
Insight into the major legal pitfalls that can occur during salary talks
Social status and compensation: what is your employees' perception of the two?
The most strategic management task that is extraordinarily important to the success of a company
4 different types of pay structures and policies - and why they matter to you
Debate: Should managers or HR have salary talks with employees?

Chapter 2: A Framework For Successful Salary Talks

The #1 thing you should always provide to your employees during these talks
4 main goals all pay systems should have to attract, motivate and retain top employees (plus, the 6 crucial elements of a well-structured plan)
Why promotions and pay increases shouldn't always go hand in hand
How to prepare for a salary talk in 4 easy steps
11 components of discussing compensation with employees that help boost employee self-esteem and retention
How and why salary bands (aka – salary ranges) per position help your team succeed
3 types of potential salary adjustments that fall outside the scope of job performance
Can non-monetary benefits be as effective as than monetary benefits?
7 principles to applying an effective pay plan that works for your company and employees
8 main points to stress during salary conversations with employees to get the positive outcome you want
How to end any salary talk so your employee feels like they walked away with something (even if they didn't get everything they wanted)
11 example scenarios you may run into during salary talks, and suggestions on how to respond
13 questions that will help determine if your compensation plan is still effective
The M-O-N-E-Y attitude to keep in mind when discussing salary with your employees
Research that this can keep your employees from jumping ship, even if you pay them below market average for their position

Chapter 3: Top 5 Mistakes Companies Make In Salary Talks

These mistakes can come with disastrous consequences for employee morale, for retention as well as possible for your company's finances.
Avoid these 5 mistake while discussing salary with your employees for the right execution of a successful compensation plan.

Chapter 4: Salaries Are About More Than Just Money

All compensation systems, to be effective in attracting, motivating and retaining employees and making sure the company gets maximum value for its payroll dollars should have these four main goals.

Bonuses: Three Practical Tools To Help Implement The Salary Talks framework:

Talking Salary Across Generations
10 Things Never To Say During Salary Talks
Getting Great Results From Salary Talks With Difficult People

Talking with employees about their compensation can be difficult, there is no doubt about that.

The sentiment that an employee's entire value is being summed up with a dollar figure can be hard to avoid.

If these conversations are done well, they can lead to increased productivity, a rise in your employees' engagement and satisfaction while employee turnover takes a back seat.

The key to ensuring these talks go well is to prepare.

“Must-Be-Resourceful” 90-Day Money Back Guarantee

ResourcefulManager's "The Right Way To Conduct Salary Talks" Blueprint comes with an unconditional, 100% money back guarantee.

We're confident you’ll find several new and useful ideas to help you navigate employee terminations, presented in a practical, easy-to-implement format.

In fact, we'll give you a full 90 days to carve out the time in your busy schedule to read the Blueprint, digest the strategies, put the advice into action, and experience the results in your specific situation.

We believe to be a great manager … is to be resourceful. So every piece of content and product we create is designed to make you more knowledgeable, prepared and into. Just for the record, as of this year, we’ve sold 6,200+ ResourcefulManager products and have a refund rate of only 1%.

If you decide "Difficult Conversations With Employees " Blueprint doesn't deliver value or simply isn't your cup of tea, just email us at contact@resourcefulmanager.com within 90 days, and we'll process your complete, no-hassle refund in 1 business day or less.

But I'm confident you won't need to.

To your success,

John Walston

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