Do You Want to Keep This Employee?

How to decide whether employees deserve raises… or jobs.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: I have a longtime employee who asked me for a 33 percent salary increase, or she said she would have to explore options. How do you suggest I handle this?

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Additional information: She works five hour days every day and is paid by the hour. She gives me no added time during tax season. She also gets paid for an extra six days – which is for half of the firm’s allowed holidays – and for eight days for combined sick, vacation and personal days, and I pay her for half of her required CPE time (payment for 20 hours) and all the registration costs.