The Guidelines section in Figures' Compensation Review allows you to set comprehensive rules and recommendations for promotions and salary increases. This article will guide you through setting up these guidelines and explain how they impact the review process.
Promotion guidelines
In the Promotions section, you can establish rules for salary increases associated with promotions:
Minimum Increase: Set a baseline for promotion-related raises.
Maximum Increase: Define an upper limit for promotion raises.
Recommendations: Provide guidance for initial review suggestions.
For each of these, you can specify the increase in four ways:
Amount: A fixed currency value (e.g., "1000 euros")
Percentage: A percentage of current salary (e.g., "5%")
Range penetration: Based on the new salary range of the employee (e.g., "50%" for midpoint)
Compa-ratio: Relative to the midpoint of the new salary range
Salary increase guidelines
Similar to promotions, you can set guidelines for regular salary increases:
Minimum Increase: Establish a baseline raise for all employees (e.g. a general increase amount or percentage).
Maximum Increase: Set an upper limit for salary increases.
These can also be defined using amount, percentage, range penetration, or compa-ratio.
Enforcing guidelines
For both promotion and salary increase guidelines, you can choose to:
Make guidelines flexible: Reviewers can override them with justification.
Enforce as hard limits: Reviewers must adhere to these rules strictly.
To enforce a rule, check the "Enforce as a hard limit" box. This can be useful for ensuring compliance with established salary structures.
General guidelines and information
Use the "Reviewer General Guidelines and Information" section to provide additional context or instructions. This free-text field allows you to enter rules or information that will be displayed to managers during their review process.