Workshops
Merit Pay Strategy
Course description
This course provides practical knowledge and tools for designing and managing merit-based pay systems. Participants will learn to differentiate between traditional and advanced merit pay matrices, conduct salary gap analyses, and link compensation to performance within budget constraints. The course culminates in the creation of an advanced merit matrix to support strategic, performance-driven pay decisions.
What will you learn in this course?
1.Differentiate Between Traditional and Advanced Merit Pay Matrices
2. Conduct Salary Gap Analysis
3. Link Pay to Performance Within Budget Constraints
4. Design an Advanced Merit Matrix
Acquired skills
Merit Matrix DesignSalary Gap Analysisinking pay to performance