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MERIT INCREASES FOR 2014

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hrdailyadvisorImage: hrdailyadvisorIn 2014 high performers can expect an average merit pay increase of 4.1 percent, while middle performers may get just a 2.7 percentraise (a difference of 152 percent). 2013 Merit Increases Awarded by Performance Category. High Performers. Middle Performers. Low Performers.
Salary Budgets Projected to Hold Steady in 2014
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2014 Salary-Increase Budgets Remain Stable; Range
Salary-increase budgets for 2014 will rise only slightly from 2013, continuing a trend that is now three years old, according to research by Sibson Consulting. With inflation and the economy..
Staff Merit Increases Approved for January 2014 » SPH
Staff Merit Increases Approved for January 2014. November 25th, 2013. Note to Supervisors: Make Recommendations by December 4. Message from Bob Meenan, Dean, and Pat O’Brien, Associate Dean of Administration and Finance: We are pleased to announce that Boston University has authorized a round of merit salary increases for staff as of January 1st, 2014.
2014 Develop rules regarding merit increases in relation
(2014). Develop rules regarding merit increases in relation to disciplinary action. In this organization, an increase merit pay cycle is a part of the annual implementation operating budget planning process. The pool itself is dependent solely on availability of capital determined by our board of directors.
04/02/13, Salary Guidelines for 2013-2014 - Almanac, Vol
This year, the University has set an aggregate merit salary increase pool of 3.0 percent with a range for individual increases of zero to 5.0 percent. Merit increases should not exceed 5.0 percent. Some schools and centers may have financial constraints that affect the salary increase percentage that can be awarded, resulting in a merit increase pool of less than 3.0 percent.
A Sophisticated Merit Increase Grid
A Sophisticated Merit Increase Grid By Denise Rand May 6, 2014 HR Management & Compliance Yesterday’s CED featured advice on variable performance pay from consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. Today, her salary increase grid—which is a little more complex than most.
MSI_Restore_2014_FAQ
Will all classified employees receive their Merit Salary Increase (MSI) on July 1, 2014? No, unless the employee's Pay Progression date falls on July 1, 2014, otherwise, an employee will receive his/her MSI on his/her Pay Progression Date.
FY 2014-15 Across-the-Board & Merit Increases for State
To receive a merit increase an employee must have received a Successful or Exceptional rating on their performance evaluation for the period of April 1, 2013 through March 31, 2014. The increase will be prorated for employees who worked less than 12 months during the year. CHANGES IN THE COMPENSATION PLAN. The official compensation plan for FY 2014-2015, effective July 1, 2014,
Compensation Cafe: Increases as a Percentage of Job Value
The Percentage of Job Value approach seems far superior to the antique habit of awarding increases according to base pay. Instead of giving a percentage of the base rate as the reward, make it a percentage of the midpoint job value or Market Reference Point (MRP). That simple method completely avoids the many problematic issues of merit increase grids, which are complex systems, both difficult
Salaries to rise 10% in 2014, lowest in 5 years: Aon Hewitt
But top-performing workers are expected to receive an average 15.3% increase in 2014, almost 1.5 times the average increment provided to employees meeting their expectations.
Salary Budgets Projected to Hold Steady in 2014
In 2014 high performers can expect an average merit pay increase of 4.1 percent, while middle performers may get just a 2.7 percent raise (a difference of 152 percent).
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