Creating and Using a Salary Increase Matrix is brought to you by Lorman
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 correct salary increase budget for your organization and provide a framework for salary increases. One that rewards performance and evaluates salary range placement. This process will drive employees through the pay range quickly while slowing down increases for well-paid employees approaching the top of the pay range.