How To Create A Salary Matrix To Distribute Base Pay Increases

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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$229.00
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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.
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