Get More from Performance Reviews—Use Metrics to Link Pay

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger Old methods of measuring performance once a year just don't work anymore. They’re cumbersome and only focus on recent performance goals. But, when performance reviews are directly linked to meaningful and simple pay or performance policies in force year-round, they have a greater impact on the organization. Take a look at some best practices for linking pay for performance during employee reviews. Tess C.

Breaking Out Of The 'Best Practices' Ant Farm

Compensation Cafe

Payscale's 2016 Best Practices Survey welcomes readers to a magical place called Comptopia: I n 2016, cast your compensation cares away and escape to an idyllic island known as Comptopia. Hiring managers nod agreeably when you recommend a salary. Market rate is no longer a hazy mirage, but an accessible metric that appears magically at your fingertips, on command. Let's say you are assigned to "fix" your performance appraisal system.

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5 Steps to Creating a Merit Matrix

Compensation Today

Most companies today are actively working to develop a pay-for-performance culture. A merit matrix is a two-factored table created by HR Departments to help managers equitably allocate raises across their employee population. It provides a framework for managers and guides them through the merit increase decision-making process. Performance rating options are plotted along the vertical side of the matrix and the position-in-range options along the horizontal side.

Conference Twitter Primer #HRtechConf 2018

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Josh_Bersin : Corporate Talent, HR, & Learning Analyst, Founder of Bersin by Deloitte, research and advisory firm focused on management, leadership, HR tech. bneverest888 : Technical Recruiter managing a global team of rock-stars at InterSystems; looking for the best and brightest minds in the industry. CintasCorp : Businesses of all types and sizes trust Cintas to manage their uniform programs, facility services, first aid & safety, and fire protection needs.