Annual Merit Increase Matrix – Excel Template for Compensation
$65.00 – $95.00
Here you will define recommended salary increases based on where they fall in relation to their salary midpoint and performance rating. Incumbents will fall into 3 categories which you can set/define:
You can set the percentages for what makes sense in your organization.
Retro payment amount – If you will be including a retro payment for the increases, be sure to fill out the chart at the top of column AG.
You will receive an Excel spreadsheet, along with PDF directions via email.
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Annual Merit Increase Matrix - Excel Template for Compensation