A Pyramid approach to decide salary hikes
In this blog, I will talk about the approach that managers can take while deciding the salary hikes for their team.
When managers have to decide the salary hikes for their team, not everyone know what is the best way to do it.
There are so many things to consider while deciding hikes. But often some managers makes the decision based on gut.
When it was my first time to decide the hikes for the team, I struggled a lot. When I asked my peers, my supervisor and HR for suggestion on the right approach for deciding the hikes fairly, none of them had an idea.
All of them told me to check each individual performance and decide. This is very vague and does not really help.
In this blog, I will talk about the approach that has helped me to decide little better and without using my gut.
The situation
All managers have challenges during annual hikes. If they don’t do it fairly then, there are chances of losing good members from the team.
There will be always limited budget to give annual hikes, so effectively using it becomes at-most important.
All managers know that there are team members who…
