How To Create A Salary Matrix To Distribute Base Pay Increases

John A. Rubino John A. Rubino

Human resources expert John Rubino will outline scenarios to distribute merit increases to your employees. He will present a step-by-step methodology for creating a merit-based salary increase matrix from scratch. You will learn how to adapt this approach to your organization.

What You'll Learn

  • How should you articulate a compensation strategy and philosophy?
  • What is the core principle for developing an effective merit pay program?
  • What factors affect the success of merit pay programs?
  • How can you effectively work within a traditional pay range structure?
  • What steps should you take to create a merit-based salary increase matrix?
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INFORMATION
Training Overview

Does your organization distribute raises equitably? Use a merit-based salary increase matrix.

To equitably distribute base salary increases to employees, you can design a merit pay approach. You should ensure that employees who add the most value receive higher raises. A salary increase matrix is the most effective method to structure the distribution of base salary rewards.

  • How should you articulate a compensation strategy and philosophy?
  • What is the core principle for developing an effective merit pay program?
  • What factors affect the success of merit pay programs?
  • How can you effectively work within a traditional pay range structure?
  • What steps should you take to create a merit-based salary increase matrix?
Recommended Audience
Who Should Attend?
  • Human resources professionals
  • Compensation directors, managers, and analysts
  • Business owners
  • Finance professionals
  • Operations managers
  • Employee relations staff
  • Supervisors
  • Senior management
  • Managers
  • Employee development staff
APPROVAL AND VALIDITY
Credits
  • This program has been approved for 1.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
  • This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP.
John A. Rubino
About

Expert Presenter

John A. Rubino
  • President and founder of Rubino Consulting Services (RCS), a global human resources consulting company based in New York
  • Focuses on the design and implementation of corporate values/objectives and their linkage to human resources strategies, compensation analysis and program development, performance-driven incentive plans, sales compensation programs, performance management systems, management training programs, team dynamics, leadership skills, motivational training, and human resources communication programs
  • Previously senior manager of human resources consulting services for Ernst & Young LLP and director of executive compensation for The Equitable Life Insurance Company
  • Internationally acclaimed speaker, course developer, and seminar leader for WorldatWork and the American Management Association
  • Author of Developing Compensation Programs: Job Analysis, Evaluation and Classification and Communicating Compensation Programs: An Approach to Providing Information to Employees
  • Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), and Global Remuneration Professional (GRP), Senior Practitioner in Human Resources (SPHR), and a Master Reward Specialist (South Africa)
  • BA from Wagner College
  • MBA from the Lubin Graduate School of Business, Pace University
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