HRMAGIX022Performance, progression and payPayment Increment Policy
The circumstances in which compensation is reviewed, the basis on which a revision is decided, and when a revision takes effect.
- Companies on HRMagix
- 120+
- Employees managed
- 9,000+
- Integrated modules
- 12
- Free trial, no card
- 14-day
Purpose
This policy states the circumstances in which compensation is reviewed, the basis on which a revision is decided, and when a revision takes effect.
The effective-date clause matters more than it appears. A revision agreed in one month and effective in another has arrears consequences that need to be settled by policy rather than case by case.
Who it applies to
Every employee whose compensation is subject to review.
What you write into it
Progression policies fail on process rather than principle. The template provides the cycle and the sequence; the criteria, the weightings and who decides are the parts that make it yours.
- When compensation is reviewed, and on what cycle
- What the revision is based on
- From what date a revision takes effect
- How arrears are treated where the effective date precedes the decision
What HRMagix records
A progression decision that cannot be evidenced is difficult to defend later. These are the records that support it.
- Salary structures are effective-dated, so a mid-year revision does not rewrite the months before it
- A payroll run for a past month uses the structure that was in force in that month
- Arrears are handled as a payroll component within the run
Where the rules themselves live
No cycle, rating scale or eligibility period appears above. Those are the employer's criteria, and restating them here would create a second version to keep in step with the approved one. Read HRMAGIX022 in full.