Creating and Using a Salary Increase Matrix (OnDemand Webinar)

$149.00

SKU: 409570EAU

Description

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 correct salary increase budget for your organization and provide a framework for salary increases. One that rewards performance and evaluates salary range placement. This process will drive employees through the pay range quickly while slowing down increases for wellpaid employees approaching the top of the pay range.

Date: 2022-03-01 Start Time: End Time:

Learning Objectives

Introduction
• Merit Matrix Overview

Salary Increase Methods
• Across-the-Board
• Step-Based
• Pay for Performance

Pay Structures
• Benchmarking
• Structure Design
• Job Classification

Performance Management

Compensation Administration

Merit Matrix
• How It Works
• Design Considerations
• Pitfalls

AIPB ,CPP/FPC ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Joe Rice-CBIZ, Inc.