Through this exercise we will help you:
Review increase recommendations for equitable distribution of “pooled” dollars. Adherence to budget.
Determine each employee compa-ratio as another comparative measure to ensure appropriate increase levels.
Implement a pay for performance philosophy.
Implement the use of a salary increase matrix as a tool in this process. This serves as a starting point in order to determine equitable pay distribution.
Build employee engagement by communicating how the process works and the market analysis used to determine salary ranges.