Managing "Salty" Merit Increases

Handed a salty & sour merit budget? Sounds like Margaritas to me! How much of a merit increase would you consider sour enough to create a salty cycle for your company? Given that organizations consider themselves lucky to get a merit cycle in the 3-4% range, what happens when you are given 2%, the proverbial limes, and asked to deliver pay for performance, deal with compression, plus evaluate and tackle pay equity issues? Of course, all while dealing with the specific needs of teams; do they need it frozen or on the rocks? We won't disagree that the best option for a great Margarita might be to quickly head to Mexico for some "research and planning." Still upon your rested and recharged return, our panel's goal is to give you and your team insights and examples surrounding how organizations can start with some limes and a salty budget but create a top shelf beverage. Our panel will explore practical ways to reward top performers with plenty of well-aged agave, while keeping an eye on compression, and begin to evaluate and tackle pay equity issues during the compensation planning cycle - all while squeezing the most out of your budget. Most importantly, there will be time at the end for attendees' questions so that we can align the panel's thoughts with your real-world situations.

Registration Fees (includes beverages and breakfast): 

• $35 Members
• $60 Non-Members/Guests

NOTE: This session will qualify for SHRM and HRCI recertification credit; however, participants must manually enter the activity into their certification portal to receive credit.