This article is intended for administrators and salary reviews responsibles.
A dedicated article on the process is available: Overview of a salary review.
💡 Note: The Compensation product will only appear if your company has subscribed to this feature.
💸 Rationale
The salary review by Elevo is a tool designed to enable companies to conduct fair, transparent salary increase campaigns that align with their budget constraints and compensation policy.
It particularly helps support the HR team with:
- the respect of the allocated budget for each campaign,
- better pay equity, thanks to decision-making based on objective criteria such as performance,
- consistency with the salary scales, to facilitate the harmonization of salaries for equivalent positions.
To summarize ⬇️
- The challenge 🎉 is to ensure a fair, objective, and budget-controlled distribution of increases.
- The objective 🎯 is to make fair salary decisions, in line with the company's HR policy to reward and retain employees.
👥 Stakeholders
Responsibles (managers or N+2), at the heart of the campaign, can make proposals for increases for their team members. They are guided by several elements directly accessible in the interface:
- the results of the latest People Reviews,
- the achievement of the objectives set during the interviews,
- the employee's professional background, including their past salary increases,
- the 1:1 reviews and feedback history in Elevo.
They also have visibility on the budget allocated to their scope, to facilitate discussions.
The HR admins, for their part, manage the campaign as a whole. They can:
- set up the campaign (types of remuneration involved, included population),
- analyze the proposals made by the managers,
- arbitrate and validate the increases,
-
monitor the overall budget and by team, as well as the key indicators:
- average rate of increase,
- analysis by gender,
- positioning in relation to the remuneration scales.
A complete export of the data is available for further analysis.
The employees are not involved in this exercise. The validated decisions are communicated according to the specific modalities of each company, outside of the Elevo platform.
🔬 Data used
The salary increase decisions may rely on a set of existing HR data in Elevo, in order to substantiate the proposals.
- Performance informations arising from People Review campaigns, Reviews, and 360 ° Feedback.
- Achievement of objectives assessed during the reviews.
- History of salary increases and job advancements.
- Positioning within the compensation band.
💡 The collection of this data ensures fair decision-making, aligned with actual performance and the trajectories of employees.
📊 Real-time analysis
Throughout the campaign, HR and managers benefit from real-time visibility on:
- the budget used vs budget available,
- the distribution of increases by gender,
- the distribution in relation to the groups defined during the People Review.
This allows for the correction of potential biases and ensures compliance with the company's financial and equity objectives.
🔍 To summarize
The Elevo Salary Review allows you to boost employee retention and motivation while:
- respecting your budget constraints,
- ensuring pay equity within your organization,
- ensuring fair recognition of performance,
- relying on reliable and actionable analyses.
➡️ Then consult this article to learn more about the operational process of a salary review campaign.