Pay Progression Matrix Made Easy

How does your organization measure employee pay equity? Use a pay progression matrix to eliminate subjectivity.

Compensation concerns are among the most significant reasons employees leave organizations. The most effective ways to eliminate the feelings of anger and frustration regarding pay are to share a straightforward compensation plan, eliminate favoritism, and provide market-competitive salaries.

A pay progression matrix will enable you to streamline and clarify compensation across your organization. Employees will feel they are paid fairly, and managers will be free from the angst of making individual compensation decisions without clear parameters.

• How does a pay progression matrix work?
• How can you use a pay progression matrix for budgeting?
• How can you eliminate favoritism and subjectivity from compensation decisions?
• What are the primary components of a sound compensation plan?
• How will your organization benefit from a market-competitive compensation plan?
• What are the best techniques for communicating about compensation?