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?

• Human resources professionals
• Compensation directors, managers, and analysts
• Business owners
• Finance professionals
• Operations managers
• Employee relations staff
• Supervisors
• Senior management
• Managers
• Employee development staff

• 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.