The following information would have to be presented in the arguments:

The following information would have to be presented in the arguments:

• General economic conditions–the inflation rate, changes in the cost of living, etc. Increases in living cost should be a significant consideration when deciding on a budget for pay raises.
• Employers sometimes look to wage surveys of similar organizations within their labor market area for guidance in setting or adjusting wage rates. Most employers use “pay budget” surveys rather than compensation surveys when comparing their annual increases to those of other employers.
• The employer’s overall financial situation
• The department’s or division’s “budget” for a pay rise
• The employee’s length of service
• The employee’s qualifications, for instance, the scarcity of individual talents in the labour market and the likelihood that the employee will be paid more elsewhere
• How much other employers in the local area are paying for similar jobs.
• What the employee requires in the way of incentives