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.