Establishing a structured approach to annual raises and bonuses for both hourly and salaried employees is essential. Clear guidelines on submission processes, eligibility criteria, and budget considerations ensure transparency.
Create an environment of ownership and accountability
Communication - Improve and increase
Employee Handbook
Employee Growth Opportunities
Annual Review Process
Create 4 KPI's that relate to employees work and can be measured.
Develop, document and implement annual review process for all employees
Annual Raises
Create, document and communicate HOW annual raises will work
Develop a BONUS program opportunity for hourly and salaried. Clearly define and document - How to submit, who can submit, define what justifies a bonus opportunity, bonus amounts, budget.
Competitive Pay & Benefits
Evaluate how our benefits compare with similar businesses