5 Steps to a Painless Increase Cycle with PayScale Crew

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The Annual Pay Change Process

5 Steps to Painless Increases

PayScale Crew Walkthrough

Questions

Agenda

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How are you managing the annual increase

process?

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Survey Results

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How can you make the increase process easier?

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Timeline

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Compensation Calendar

PAY INCREASES

Enter/Audit adjustmentsDeliver Total Comp Reports

Market studyDevelop trainings

Determine % budgetPerformance eval

Train management

Decide on increasesGoal setting for next FY

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Increase Timeline example

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Budgeting

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3% …why?

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Communication

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Communication

“Tell them what you are going to tell them, tell them, then tell them what you told them”

Aristotle

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WIIFM?

• When is it happening

• How is it happening

• Why is it happening

• Who is responsible

• How does it affect me

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75% of pay conversations

are between managers and employees

Source: CEB

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19%

of organizations are ‘very confident’ in their managers abilities to have tough

conversations about pay

Source: 2016 PayScale CBPR

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Train Managers

• What they should know

• How they should frame

• Who they should ask

• When it should happen

• Why it matters

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Spreadsheets

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PayScale CrewSame page, not the same spreadsheet

Have confident conversationsKeep it simple Make comp a team sport

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Live Demo

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Takeaways

• Timeline

• Budget

• Communication

• Manager Training

• Spreadsheets

Questions?

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