Compensation - Annual Increase Merit Matrix Template   Excel template (XLSM)
$25.00

Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Flevy is the marketplace for business best practices.
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Compensation - Annual Increase Merit Matrix Template (Excel template (XLSM)) Preview Image
Arrow   Click main image to view in full screen.

Compensation - Annual Increase Merit Matrix Template (Excel XLSM)

Excel (XLSM)

Top 1,000 Best Practice $25.00
This tool is developed by a Chartered Reward Specialist with over 15+ years of experience in Reward Management, and whose clients include multinational Financial Services firms, Retail Firms and government entities.
Add to Cart
  


Immediate download
Fully editable Excel
Free lifetime updates

BENEFITS OF THIS EXCEL DOCUMENT

  1. Quick calculation of a merit matrix approach for annual merit reviews
  2. Ease of use for reward teams
  3. Simple to use and set up

COMPENSATION EXCEL DESCRIPTION

This product (Compensation - Annual Increase Merit Matrix Template) is an Excel template (XLSM), which you can download immediately upon purchase.

The Merit Matrix Template tool is an Excel-based application designed to streamline the process of annual merit increase budget allocation. By utilizing compa ratios (position in pay ranges), and performance ratings, the tool assists reward teams in determining the optimal distribution of merit increases across all eligible employees using a pay-for-performance approach.

Reward teams are able to quickly determine the relevant increases to provide an employee based on the position of their pay against the company pay ranges, as well as ensuring that a pay-for-performance methodology is adhered to, where high performers who are paid lower in their pay ranges receive a higher percentage increase. Users can also determine what increases, if any, poor performers should receive in line with their company strategy.

This workbook is designed to be as easy to use as possible with everything calculated based on a few criteria/inputs from users. Users are shown which cells they are able to edit and what information is required to run the merit matrix.

This comprehensive approach ensures that the budget is optimally and equitably allocated and in alignment with a company's reward strategy and pay increase budget, making it an invaluable tool for budgeting and compensation management.

Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Compensation Excel: Compensation - Annual Increase Merit Matrix Template Excel (XLSM) Spreadsheet, Ignite Reward Consulting


$25.00
This tool is developed by a Chartered Reward Specialist with over 15+ years of experience in Reward Management, and whose clients include multinational Financial Services firms, Retail Firms and government entities.
Add to Cart
  

ABOUT THE AUTHOR

Carmen completed her BCom degree in Human Resources Management at the University of Pretoria. She has obtained a wealth of experience while working in the United Kingdom in global reward management roles for international organizations. Since her return to South Africa in 2019, Carmen has provided reward consultancy services to a wide range of clients, including retail, financial services, ... [read more]

Ask the Author a Question

You must be logged in to contact the author.

Click here to log in Click here register

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.




Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab




Read Customer Testimonials

 
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."

– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
 
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."

– Chris McCann, Founder at Resilient.World
 
"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."

– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
 
"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.

Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten.

In today's environment where there are so "

– Omar Hernán Montes Parra, CEO at Quantum SFE
 
"As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor "

– Michael Duff, Managing Director at Change Strategy (UK)
 
"[Flevy] produces some great work that has been/continues to be of immense help not only to myself, but as I seek to provide professional services to my clients, it gives me a large "tool box" of resources that are critical to provide them with the quality of service and outcomes they are expecting."

– Royston Knowles, Executive with 50+ Years of Board Level Experience
 
"FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The "

– Roderick Cameron, Founding Partner at SGFE Ltd
 
"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for "

– Jim Schoen, Principal at FRC Group


Your Recently Viewed Documents


Customers Also Like These Documents

Related Management Topics


Sales Compensation Human Resources Account Management Sales Compensation Virtual Teams Consulting Frameworks Interviewing Meeting Facilitation/Management Growth Strategy Breakout Strategy

Download our FREE Organization, Change, & Culture, Templates

Download our free compilation of 50+ slides and templates on Organizational Design, Change Management, and Corporate Culture. Methodologies include ADKAR, Burke-Litwin Change Model, McKinsey 7-S, Competing Values Framework, etc.