Salary Review
At one time it was expected by all employees to receive an annual percentage increase on their salary from their employer, this is no longer the case.Employers should examine their existing pay and benefits system before they decide whether to introduce a salary review. The first step is to review the money available, and then make a conscious decision whether or not to go ahead with it.
Some organisations carry out the salary review at the same time as an appraisal, but the appraisal is likely to be more constructive when pay is not part of the discussion. Although a salary review should provide a link between performance and reward, it should be discussed in a meeting on its own merit.
- Operate on a system that is relatively simple to understand
- Involve managers at all levels, allow them to put forward a proposal for their own department
- Ensure the salary review is closely monitored by senior managers
Fixed incremental salary increases should still have a limited amount of flexibility. The manager should still have the ability to increase a payment for exceptionally effective staff or reduce it for poor performers.
We can assist you by providing processes and documentation to review your current salary scales including independent assessment of competitors.
