Money symbol above cupped hand “Before entering into conversations about salary with employees, leaders must be confident in their current pay practices and have an idea of what they can offer employees,” says beqom’s Jansen. (Photo: Shutterstock)

Another month, another painful increase in inflation leaving many Americans’ wallets feeling even lighter than before. As the country grapples with ongoing supply chain shortages and global economic volatility, Americans are paying more for household necessities. Not surprisingly, many are turning to their employers for a little help.

Unfortunately, it’s not just employees feeling the brunt of increased prices, and raising pay rates to match increased living costs simply isn’t sustainable for many employers. Having conversations about employee compensation these days is particularly hard, given the imbalanced labor market tipped in workers’ favor. But even if employers can’t raise wages, they can be open and honest with employees and create a conversation that’s about more than just dollars.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Emily Payne

Emily Payne is the current deputy editor for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

More from this author

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.