What's your methodology during salary administration for employees who are over the maximum of the range / above market?
Provide merit increases based on performance rating to their annual salary.19%
Provide merit increases based on performance rating via a lump sum.44%
Provide reduced merit increases based on performance rating to their annual salary.6%
No merit increase. 25%
Other, please share in the comments.6%
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HR Manager in Finance (non-banking)8 months ago
Typically no merit increase. In exceptional cases a lump sum.