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Cycle with PayScale Crew Agenda The Annual Pay Change Process 5 - PowerPoint PPT Presentation

Dec 06, 2023 •332 likes •566 views

5 Steps to a Painless Increase Cycle with PayScale Crew Agenda The Annual Pay Change Process 5 Steps to Painless Increases PayScale Crew Walkthrough Questions www.payscale.com How are you managing the annual increase process?

  1. 5 Steps to a Painless Increase Cycle with PayScale Crew

  2. Agenda The Annual Pay Change Process 5 Steps to Painless Increases PayScale Crew Walkthrough Questions www.payscale.com

  3. How are you managing the annual increase process? www.payscale.com

  4. Survey Results www.payscale.com

  5. How can you make the increase process easier? www.payscale.com

  6. Timeline www.payscale.com

  7. Compensation Calendar PAY INCREASES Enter/Audit adjustments Deliver Total Comp Reports Decide on increases Market study Goal setting for next FY Develop trainings Determine % budget Performance eval Train management www.payscale.com

  8. Increase Timeline example www.payscale.com

  9. Budgeting www.payscale.com

  10. 3% … why? www.payscale.com

  12. Communication www.payscale.com

  13. Communication “Tell them what you are going to tell them, tell them, then tell them what you told them” Aristotle www.payscale.com

  14. WIIFM? • When is it happening • How is it happening • Why is it happening • Who is responsible • How does it affect me www.payscale.com

  15. 75% of pay conversations are between managers and employees Source: CEB www.payscale.com

  16. 19% of organizations are ‘very confident’ in their managers abilities to have tough conversations about pay Source: 2016 PayScale CBPR www.payscale.com

  17. Train Managers • What they should know • How they should frame • Who they should ask • When it should happen • Why it matters www.payscale.com

  18. Spreadsheets www.payscale.com

  19. PayScale Crew Same page, not the same spreadsheet Keep it simple Make comp a team sport Have confident conversations www.payscale.com

  20. Live Demo www.payscale.com

  21. Takeaways • Timeline • Budget • Communication • Manager Training • Spreadsheets www.payscale.com

  22. Questions? http://www.payscale.com/hr/product-crew

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