Salary review
Salaries may be reviewed for a number of reasons:
Individual ad-hoc reviews
- To correct errors at recruitment
- To reflect promotion or re-grading of post
Adjustments to pay scales
- to correct anomalies
- to bring in line with other organisations
Annual increments
- fixed, automatic or performance related?
- but for how many years?
Cost of living
- especially important where this high inflation in payment currency
- same percentage for all?
- challenge of assessing
Risks include:
- Reviewing salaries too often and thereby raising expectations of equally regular reviews in future especially if each review results in increases.
- Reviewing salaries too infrequently and thereby creating resentment, especially if team members feel the salaries are unjust.
This page was last updated by Phil Wilks on 28 April 2010 at 12:14:45 (2 years ago).
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