You Need to Inform Your Employee That You Cannot Give

question 51

Essay

You need to inform your employee that you cannot give him a raise as he requested, though you are pleased with his job performance. Your first draft to communicate this information is below. If your desired outcome is to retain this employee at your company despite not getting a raise, how might you revise this draft?
I acknowledge the contributions that you have made to the company, but I cannot give you a raise at this time.

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Definitions:

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual production costs.

Budgeted Performance

The planned or forecasted financial performance of a business or project, often including revenue, expenses, and profit targets.

Sales Volume

The amount of goods or services a company sells during a particular timeframe.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold in a brief timeframe, including charges like rent, salaries, and insurance.