Register Online - Add to Cart

Credits

Sponsored by Lorman Education
Product ID: 408021EAU
 
Credit & Course Provided by:

Creating and Using a Salary Increase Matrix

OnDemand Webinar (89 minutes)

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.

Authors

Joe Rice, CBIZ, Inc.

Agenda

Introduction

• Merit Matrix Overview

Salary Increase Methods

• Across-the-Board

• Step-Based

• Pay for Performance

Pay Structures

• Benchmarking

• Structure Design

• Job Classification

Performance Management

Compensation Administration

Merit Matrix

• How It Works

• Design Considerations

• Pitfalls