Four Things Managers Can Offer If Salary Increases Don’t Get Approved

moneyWe’re writing this with the spirit of management in mind but if you’re not a leader in your company, just flip it upside down in terms of five items you should ask for if your boss doesn’t provide a salary increase at year-end.

We really did the management perspective because employees, as well as job seekers, are often the ones coming to the table with what they want. Why not be proactive as a supervisor and provide them with solutions and incentives if dollars don’t get approved? According to a recent survey from Accountemps, 43 percent of chief financial officers interviewed said the number of requests for raises or promotions has increased from two years ago. As such, they outlined a few tips to keep in mind when raises or promotions don’t necessarily get the green light.

1. More vacation time. This is one of the easiest things to get approved. Unlike financial approvals, asking for an extra week per year typically doesn’t need to travel all the way up the food chain. Offering this perk to employees can go a long way in terms of boosted morale.

2. Telecommuting or flexible schedules. Working from your home even one or two days a week can make such a difference. Plus, as the boss you’re giving employees not only the gift of conserving energy, they’re conserving commuting dollars as well.

3. Professional development. Okay, we admit when your employee wants a $5,000 raise and you offer them training instead, it’s not exactly a thrill. But the fact that you’re offering them continuing education shows you’re on track with their long-term growth.

4. Bigger bonuses. Salaries may have more limitations in terms of approvals as for bonuses? Not as much. Bosses may have more flexibility to boost those dollars in terms of a bonus whether they’re year-end bonuses or spot awards. Cha-ching!