Use Matrix-Based Salary Increase Guidelines to Align Pay With Performance

G00166044

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Summary

Effective use of matrix-based salary increase guidelines (aka, merit matrix) enables CIOs and IT leaders to re-emphasize pay for performance in tough times.

Table of Contents

  • Analysis
    • 1.0 Introduction
    • 2.0 Understand the Characteristics of an Effective Merit Pay Program
    • 3.0 Create a Merit Matrix to Differentiate Pay Based on Performance
      • 3.1 What Is a Merit Matrix?
      • 3.2 How to Construct the Matrix to Meet the Budget Target
      • 3.3 The Rule of Thumb
    • 4.0 Recommendations
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