Скачать или смотреть How Do HR And Compensation Departments Determine Salary Raises? - Job Success Network

How Do HR And Compensation Departments Determine Salary Raises? Ever wondered how companies decide on salary increases for their employees? In this detailed video, we'll explain the step-by-step process that HR and compensation departments use to determine salary raises. We’ll cover how organizations set their goals for raises, establish budgets, and create transparent rules to ensure fairness. You’ll learn about the types of raises, including cost-of-living adjustments, merit-based increases, market adjustments, and promotions. We’ll also discuss how data such as employee performance reviews, industry salary surveys, and cost of living indexes influence the decision-making process. Additionally, we’ll explain how managers and HR collaborate to decide the specific amount each employee receives, based on performance ratings and other criteria. Clear communication with employees is a key part of this process, helping staff understand how their performance impacts their pay. Finally, we’ll look at how companies implement these raises during annual review cycles or at designated times, ensuring the process remains fair, strategic, and aligned with company goals. Whether you're interested in HR practices or planning your own career growth, understanding how salary increases are determined can give you valuable insights into organizational strategies and employee management.

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