Conducting Salary Reviews

“We are considering conducting salary reviews once a year vs. on an employee’s anniversary date. Any advantages to this?”
– VP, Investment Services Company

The biggest advantage is administrative as you now have to deal with this process only once a year. The steps to be taken then become a part of your planning and time allocation process for all management during a specific time frame, usually requiring 21-45 days from beginning to end. Consider all other factors including cash flow, which now will take a one-time more significant hit as you group all increases at one time vs. gradually over the year. Also be sure to allow for enough time for your managers to meet with and effectively communicate the reviews with their staff.

David Lewis — AKA Mister HR