Are you working in 2D or 3D?
I'm working in 3D
There should be a ground surface layer for the lidar layer in your contents. This can be used to manipulate elevations rather than the lidar itself. In the ground layers, "customise" ribbon, you can merge the two.
I've already done that part, I'm now trying to get the lidar layer to measure the elevation of points using the new ground surface I've made so I can get relative elevations and not use sea level.