Creating and Using a Salary Increase Matrix

Find out how to implement a merit matrix program that works for your company.

Most organizations struggle to effectively reward employees with appropriate salary increases. Of course, appropriate can be a subjective term. This topic will help you set the right salary increase budget for your organization and provide a framework for salary increases - one that rewards for performance and evaluates salary range placement. This process will drive needy employees through the pay range quickly while slowing down increases for well-paid employees approaching the top of the pay range.

Learning Objectives

• You will be able to define salary increase methods.

• You will be able to describe best practices in aligning pay with performance.

• You will be able to discuss appropriate employee increase amounts.

• You will be able to explain the rationale for compensation decisions.

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$209