FINANCES & How to Discuss Pay With Your Employees

by Amy Gallo, Harvard Business Review
“According to a recent PayScale survey, 73% of leaders don’t feel ‘very confident’ in their managers’ ability to have tough conversations about compensation with their employees. This is in part because many bosses lack the information they need to do so, notes Tim Low, Vice President of B2B Marketing at PayScale. But it’s also because these types of discussion can be challenging — for the manager and the employee. “It’s awkward for everybody,” says Karen Dillon, author of HBR Guide to Office Politics and co-author of How Will You Measure Your Life? Still, avoidance is not an option. As V. G. Narayanan, the Thomas D. Casserly, Jr. Professor of Business Administration at Harvard Business School and chair of the Board of Directors Compensation Committee Executive Education Program, says, ‘These are the most important conversations you have throughout the year.’ Here’s how to master them.”

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