MBA1390 Q&A Wednesday: My employee is asking for a HUGE raise. What do I do?

Do you know what your employees are worth? It’s Q&A Wednesday, and one of our listeners has a valuable employee with an inconvenient request: a 40 (yes, 40) percent increase in salary. That’s a hard bargain to drive, but driven it is. What’s an entrepreneur to do when a crucial team member makes such a drastic demand? Today, we’ll discuss if, and how, to keep employees who highball. In determining what’s best for the business overall, there are more factors to consider than just one salary budget. There are also potential reasons for employee dissatisfaction that go way beyond the size of their paycheck. Getting to the real root of a request like this is the only way to make the right decision. Tune in, and join us as we think about what really keeps great employees around, and when it’s time to let one go. Learn how to do the math for your business, and establish feasible, earned increases for key players. Click Play! SUBSCRIBE ON APPLE PODCASTS Stitcher | SoundCloud | Podcast Feed | How To Subscribe Give us a Rating & Review Today’s Sponsors Bayer Bayer creates medicine to treat allergy symptoms, so allergies don’t get in the way of a good time. From advances in health to innovations in agriculture, Bayer is advancing medicine for a better life. At Bayer, this is why we science. Columbia College Founded in 1851, Columbia College has been accredited for more than a hundred years. 8-week classes are held year round, so you can earn your degree quickly. With Columbia’s “trutition,” your education is one low price; no fees, book costs, or other surprises. Columbia even offers e-texts convertible to audio for studying on the go. Graduate or undergraduate, live or online, Columbia has classes for you — plus, Columbia has eliminated all fees from the application to graduation. Head to mytruition.com/mba to learn more. The post MBA1390 Q&A Wednesday: My employee is asking for a HUGE raise. What do I do? appeared first on The $100 MBA . Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.