Salary Planning Tool Helps Determine Raises

Patrick Avery

Knowledge Network partner has uploaded a couple of tools, including a Salary Planning Template. The salary planning workbook helps you plan your department's salary adjustments for the year. Typically, a company will give you a raise pool as a percentage of your department's current salary. You then have the flexiblity to allocate raises based on each person's performance and contribution to the company. There are two templates within this tool available, depending on how you like to perform the salary planning. If you prefer to think of how much percentage raise you want to give each person, use the spreadsheet on the tab "Salary Planning Template - %". If you prefer to think in terms of how much money you would like to give each employee, then use the spreadsheet on the tab "Salary Planning Template - $".

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