Guidelines for Awarding Merit Pay Increases
NOVEMBER 27, 2017
Step 1: Consider company budget and develop p erformance-based metrics. This is followed by managers’ assessments of their employees’ performance, which should be based on specific performance metrics. Metrics used in merit-based pay raises may vary between jobs, roles and teams, or they may be company-wide, but they should tie into company and team goals. Your management team will determine how well each employee completed performance metrics.