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DO familiarize yourself with industry salary trends. DON'T fail to build your case. DON'T stretch the truth. DO factor in non-salary benefits. DON'T wing it. DO know when to wrap it up. DON'T forget to get everything in writing. DON'T make it only about you.
MARKET ADJUSTMENT PLAN What is a Market Adjustment? An employee who significantly lags the internal and external labor markets according to the Career Tracks salary ranges, will receive a salary increase to move toward a more competitive pay goal. This salary increase is called a Market Adjustment.
A market adjustment is a change in market parameters or conditions brought about in response to one or more market signals (including price changes from shifts in supply and demand).
MARKET ADJUSTMENT PLAN What is a Market Adjustment? An employee who significantly lags the internal and external labor markets according to the Career Tracks salary ranges, will receive a salary increase to move toward a more competitive pay goal. This salary increase is called a Market Adjustment.
Hi Prashant. Appraisal is the evaluation of performance of an employee. Salary correction : This is a process where in the organization wants to assess whether there is any gross difference in the salaries that they are paying vs the salaries offered to people with similar skill sets in like industries.
Compensation adjustment should be based on both meritorious performance, market movement. Explanation: Moreover, market movements should be a consideration in compensation this is because, more potential employees will be attracted into a firm that compensates its employees considering market movements.
Equity adjustments are salary changes outside the normal salary programs (promotions, reclassification, merits, etc.) to remedy salary issues such as external pressure in high demand areas, internal salary compression, and/or retention considerations. Equity adjustments are not granted to reward performance.
Familiarize yourself with your employer's pay practices. Research the market pay rates for your job. Read your employee handbook. Network with other employees in similar jobs in similar industries to determine your salary competitiveness.

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