salary review policy template


Do you have an annual salary review policy?

    If you don’t have an annual salary review policy or process in place, here are the points you should consider: Start by reviewing your budget. Some money needs to be set aside for the financial budget. Next, decide whether you’re going to give a pay rise, and if you are, how big it will be.

How to evaluate the process of salary review?

    The key points that must be kept in mind while evaluating the process of salary reviewing are, the knowing and judging the performance of the employees and also to check where exactly the particular employee fits when it comes to the external job environment.

What is the annual salary review template used for?

    This template is used to conduct an annual salary review, but may be used at any time to review internal equity and market competitiveness. Which HR kit is it included in? The Annual Salary Review Spreadsheet can be used on its own as a stand-alone tool, or as part of the Compensation Kit.

What if employees are not informed about the pay review process?

    Explain the decision to the staff: When the employees are not informed regarding the pay review process, may be the result ends up adversely affecting the performance and the motivation level of the employees.
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