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Pay Increases

901BA901BA 12 Posts
in Compensation Vote Up0Vote Down

How do you handle pay increases - department budgets, standard percentage, meritt percentage etc...?

If you use a budget how do you determine what your budget will be each year?

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  • sdiconzasdiconza 35 Posts
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    Our pay increases are directly related to performance. The employee's rating correponds with a certain percent raise, all budgeted out for the year. Pay budget increases have hovered just under 4% for the past few years. We keep tabs on industry and regional standards through several pay budget resources (BLR, World at Work, SHRM, etc.)
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