Are Employees Unrealistic About Pay Raises?

On episode 112 of The HR Famous Podcast, long-time HR leaders (and friends) Jessica Lee, Madeline Laurano, and Tim Sackett come together to discuss what they’re hoping to learn in 2023, the extra burden placed on women in Executive level roles, and unrealistic hopes for pay increases. Listen below and be sure to subscribe, rate, and review (iTunes) and follow (Spotify)! 1:00 - JLee asks the crew what is one thing that they want to learn in 2023. JLee has only ridden a bike a few times, and she wants to master riding a bike this year. Madeline’s goal is to get better at golfing. 4:15 - Tim is taking his Jewish family to Israel this year. His youngest son, Cooper, is learning Hebrew at school, and Tim wants to learn some of that language. 6:15 - JLee brings up an article from Fortune about women in C-Suite or Executive level positions and how they may have to pay a lot of money on childcare and household help. JLee asks Madeline if we are talking about this topic enough. 8:50 - Madeline tells a story about her son, who had a female friend over. She told the kids she just needed to take some time to clean up and her son’s friend said to her, “don’t you have a cleaner?”. 11:30 - Tim mentions how when his mom was starting her business, she hired Tim’s Grandma to come to clean the house while she worked. 14:00 - Madeline thinks that there is more stigma around people hiring for childcare help than household help. 16:45 - Tim wonders how much of this is American culture vs. culture from all around the world. He mentions how shocked he was when he visited South Africa, and he saw how much help middle-class white families had for their everyday life. 20:30 - Lesson of the day: parenting is not easy and it’s near impossible to do it all by yourself! 21:30 - Bloomberg reported on the unrealistic high hopes that employees have for pay hikes in the new year. JLee asks the crew if they are seeing this in the workplace. 24:45 - Madeline notes how it still is an employee/candidate first market due to the number of jobs available. She does think that due to the layoffs happening across the workforce, the behavior of asking for raises may change. 29:00 - JLee notes that any publicly traded company has to listen to its shareholders and what they think is best for the business. A big question for these companies is, “who are we in service to?”. 31:30 - When can you stop saying Happy New Year? Madeline thinks she could go to 1/30, but Tim only gives it two weeks.