How to pitch low raises to lab staff?
Local market raises are determined by a remote compensation team at corporate. We're below market and staff will receive 1.5-2.5% raises (which is below inflation). The lab performed well financially (+7% y/y EBITDA), so there should be sufficient profit to give inflation adjusted raises. But corporate said no. What's the best way to present low raises to lab staff?
There is a 30% chance they'll get a cost-of-living adjustment of 2-4% in Feb.