Suggesting fair and consistent individual salary increases is key to run a healthy compensation review program. In order to help you and your team managers to do so, we've built this Salary Review step to help you rely on performance review output AND market positioning to drive salary increase suggestions.

Create a new campaign and select Salary review.
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Then enter the pre-defined budget you've planned for this Compensation review campaign and click on Submit.

Same as for the Budget Calculator, select eligible employees and upload your performance ratings file. Click on Save.

You'll then find a matrix where your budget is dynamically distributed between Performance on the vertical axis and market positioning on the horizontal axis.

You can unselect the level of performance you don't want to allocate budget by clicking on the sign:

The more someone is Below target and underpaid, the more they should be increased, and similarly, the higher the performance level is, the more they should be increased.

Then with this model, someone who is paid below market and has an outstanding performance level has a highest salary increase VS someone who is paid above market and has below expectations perf level (Ex: 12.8% VS 7.6% in the below example).

You can adjust how much you'd like to allocate budget for Performance and Market Adjustment (Target Positioning) by playing with the gauges.

Let's take 2 examples to illustrate how you can play with your budget allocation:

Performance example: you'd like to reward on performance a lot (1st gauge on 'high'), meaning you'll create differentiation based on performance level: it will increase the difference between outstanding and below expectations employees (14.6% VS 6.7% from the screen below).

Market adjustment example: you'd like to take into consideration current salaries a lot and their positioning on the market (2nd gauge on 'high') meaning you'll create differentiation based on market positioning: at equal performance, employees will get between 15.3% if bellow target and 7.9% increase if above example.

Once you've done with your Budget allocation, you'll find below the matrix the list of your employees with the suggested fair salary increase and their new market positioning:

Click on Save.

Then back on your campaign Budget page, you can download those numbers into a GSheet file by clicking on Export to GSheet and you'll find your file with a Budget breakdown summary and your individual salary increase suggestions!

And that's it. You're done!

If you have any further questions, please do not hesitate to reach out to our Support team into the chat, we'd be happy to help you run your next Salary increase campaign within Figures with this Compensation Planning tool!

We're working on improving this feature. Stay tuned!