Giving a raise isn’t something that you do offhand. Even when one of your employees asks you for one, which in and of itself requires considerable courage, there are still many things you need to take into account.
How long has this employee been in your company? How much is this employee worth to your company? What is the potential of this employee and are they willing to reach it? Do they share your vision for the company?
These are but a few of the questions you need to answer before you decide whether or not to give a raise. In the article below, experts such as myself have determined the most important factors to consider when giving an employee a raise.