PAY DATA
CIPD issues guidance on managing the salary review process
The Chartered Institute of Personnel and Development has published a new factsheet looking at the salary review process.
The factsheet gives introductory guidance. It:
defines the aim and stages of the salary review process
examines how employers plan and set budgets for salary reviews
summarises different approaches to determining individual pay rises within an overall salary review budget
gives a checklist to assist employers in choosing and using salary surveys
looks at methods for communicating the outcome of the pay review process to employees
identifies issues for consideration during the evaluation of the salary review process.
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CIPD viewpoint
“The salary review process should be closely aligned with the business, HR and reward strategies of the organisation. The use of metrics and measurement is important in enabling HR to evaluate the results of the salary review to ensure it supports the needs of the business effectively. An evaluation of the process is also essential to check that it recognises individual and/or collective contribution rather than prejudice and that the budget set aside for the salary review is not exceeded.”
Want to know more?
Title: Factsheet: Salary Review Process, Chartered Institute of Personnel and Development, February 2009.
Availability: To download the factsheet, free of charge, go to www.cipd.co.uk/onlineinfodocuments/factsheets.htm.
The Chartered Institute of Personnel and Development (CIPD) has more than 130,000 members and is the “leading professional institute for those involved in the management and development of people”. To find out more visit www.cipd.co.uk.