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Quality of Work.Goals and Target Achievement.Level of Productivity.Initiative and Motivation.Teamwork and Leadership Skills.Ability to Problem Solve.Written and Verbal Communication Skills.Performance Self-Appraisal.
If you know the raise percentage and want to determine the new salary amount:Convert the percentage into decimal form.Multiply the old salary by this value.Add this new value to the old salary.
Factors for Determining Salary IncreasesThe employee's length of service. The employee's qualifications (i.e., the scarcity of certain talents in the labor market and the likelihood that the employee will be paid more for them elsewhere). How much other employers in the local area are paying for similar jobs.
On average, companies offer employees a wage raise of 3-5%. Even if this range can not appear to be a fair rise, bear in mind that regular compensation increases over time might build up to a greater salary than you earned when you first started at the company.
10 Simple Ways to Determine Employee Pay RaisesBalance Loyalty and Merit.Review Market Comparables.Recognize Value and Promote Quickly.Listen to Fellow Employee Praise.Use Goal-Oriented Evaluations.Look at Employee Self-Assessments.Look for Effort Beyond the Call of Duty.Use Tiered Percentage.More items...?10 Sept 2015
How to write an employee evaluationReview the employee's job description. Get a current copy of each person's job description and review the requirements.Highlight areas of improvement.Compare strengths and weaknesses.Recommend actionable goals.Provide constructive feedback.Welcome employee input.
How to Say No to a Raise Request without Destroying an Employee's MoraleDon't Attempt to Squash or Shut Down the Raise Request without Consideration.Considering the Raise Request.Explain the Reason for Turning Down the Request.Empower Employees by Letting Them Know What It Takes to Qualify for a Raise.More items...
Pay increase letter to employeeInform their team member they're getting a pay raise.Explain why they believe the employee deserves the extra salary (consistent high-quality work, particular achievements etc.)Briefly mention future expectations (without putting undue pressure on the employee).More items...
I want to sincerely thank you for this year's raise. I've enjoyed working with you this year and have learned so much from your guidance. I'm proud to be a part of such a hardworking and innovative team.
How to communicate a pay raise with your employeeExplain why they're receiving a pay raise.Highlight any specific contributions your employee made to the company that contributed to the increase in salary.Discuss the raise in dollar amounts instead of percentages.More items...?