Based on the info that has unfolded in comments, it sounds like the employee you are referring to is your direct report. If he is, as HIS manager, you have every right AND obligation to benchmark his job and advocate for him. So as a new manager for this employee, and based on my experience in HR and as a manager, I would follow these steps:
1-review his job description with him and ensure it completely describes all of the work he does - including the additional ad hoc work that is frequently part of his job. His current salary may have been based on a job description when he was hired 16 years ago that has never been updated or realigned with market. And if the company frequently gives minimal raises (like 3%), he will not get ahead much by staying in that position. ALSO!! be aware that because of the labor shortage currently, YOUR starting salary is possibly inflated which makes the gap between your salary and his look even larger. And no, it is not a good idea to "offer" to give $10k to your direct report. That is not how a fair and equitable pay structure is created - he should be paid a fair salary based on market and his skill set - not charity, which would be demeaning to him.
2-Once you have a good job description, benchmark it in the marketplace. Look up similar jobs online - there are lots of resources such as GlassDoor and others.
3-Determine what your budget and abilities are to advocate for a change or "re-classification" of his job by discussing it with HR. If you go there first, they will tell you to complete Steps 1 and 2. What should happen when you go to HR is they validate the work you have done in Steps 1 and 2 objectively and prepare an argument for the reclassification.
4-Socialize this with your manager once you have Steps 1-3 completed - or at a minimum 1 & 2. Who's budget is going to be impacted by this increase in salary? Is it only yours or does it roll up into your manager? HR will tell you what the approval process is for this reclass as well as the timing to get it in the budget.
This is the process for a manager to advocate for their direct reports.
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