This page (revision-16) was last changed on 26-Nov-2021 10:22 by jmyers

This page was created on 26-Nov-2021 10:22 by JMyers

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Version Date Modified Size Author Changes ... Change note
16 26-Nov-2021 10:22 5 KB jmyers to previous AUTO_APPROVAL ==> AUTO_APPROVAL(Field)
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At line 3 changed one line
Salary Matrices are one means by which pay-for-performance may be achieved in the program.
[Salary Matrices|SALARY MATRICES] are one means by which pay-for-performance may be achieved in the program. \\
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Salary Matrices are maintained on the Define Salary Matrices (ISMX) form. In this form, you create guidelines to control how employees’ wages should be increased, based on a combination of their current level of pay and reviewed performance.
Salary Matrices are maintained on the Define Salary Matrices (ISMX) form. In this form, you create guidelines to control how employees’ wages should be increased, based on a combination of their current level of pay and reviewed performance.\\
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If there is an excellent employee who is well under the average compa-ratio, the employer may wish to reward that employee at a greater rate than an employee who is above the average compa-ratio and yet performs at less than peak level. This control is achieved through the use of recommended percent increases for each combination of performance and current salary (compa-ratio) – and these recommended increases are defined on this form.
If there is an excellent employee who is well under the average compa-ratio, the employer may wish to reward that employee at a greater rate than an employee who is above the average compa-ratio and yet performs at less than peak level. This control is achieved through the use of recommended percent increases for each combination of performance and current salary (compa-ratio) – and these recommended increases are defined on this form.\\