Design a tailored base pay increase and bonus approach to evolve compensation programs in line with changes to performance management. Use the Base Pay Increase and Bonus Approach Tool to:
- Document information from the current-state analysis.
- Determine the appropriate base pay increase and bonus approach objectives, by employee segment or organization-wide.
- Perform a cost simulating exercise to uncover budget impacts.
- Document the high-level implementation plan.
Use the Base Pay Increase and Bonus Approach Tool to design the base pay increase and bonus approach.