Merit Increment Matrix (Merit Plus)
Description
This is a PC-based increment management system to assist HR to carry out the following:
1) Distribute increment percentage by employee performance rating and salary level.
2) Ensure annual increment budgeted are accurately and fairly managed.
3) Calculating salary cost impact due to implementation of budgeted increment by:
- department
- job grades
- overall company
Monitoring and determining employees' salaries statistics by:
- specific job titles
- department
- job grades
- employee categories
Merit Plus is a HR tool which is used to reduce administrative work and cycle time
significantly for the performance management system and process. more..