[PDF] Salary Review Process for Senior Staff (Professors and Equivalently

What is the pay review process?

The Pay Review process is an annual event that normally culminates in an August 1st implementation of salary changes. However, it may be necessary to review an individual’s salary mid-year. This might occur when a retention problem may arise.

Why is salary review important?

Reviewing the salaries of the employees by the companies were not practiced in the gone years, but now every company is heading towards conducting the pay reviews. The reviewing process enables companies to award its best performing employees or the staff, keeping them motivated, also it brings two people together.

What is a pay review letter?

A pay review letter is written by an employee to his employer. It is written in those circumstances when an employee wants his current salary to be reviewed based on his performance. It is a formal letter and cannot always be considered as a request to increase the pay.

Should you discuss your salary review strategy with the HR department?

You can discuss your salary review strategy with the HR department to determine if you can suitably apply it to your team members. The HR department is more familiar with team members' performance, has personal relationships with them and can properly evaluate the best salary review strategies for them.