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Creating and Using a Salary Increase Matrix

 

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.

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Creating and Using a Salary Increase Matrix

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Creating and Using a Salary Increase Matrix

Faculty

Joe Rice

Joe Rice

CBIZ, Inc.

  • Director of compensation consulting in the talent and compensation services practice of CBIZ, Inc.
  • More than 15 years of experience in the area of human resources and compensation experience, 10 years of experience working in-house in a corporate HR setting, and 5 years in consulting
  • Expertise includes designing market-based compensation programs, linking pay with performance, pay structures and compensation surveys, as well as developing policies and procedures
  • Assists clients in the design and implementation of strategic base salary and incentive programs
  • Can be contacted at 314-590-4070, [email protected], or www.linkedin.com/in/joericecbiz
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Creating and Using a Salary Increase Matrix

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