QQuestionHuman Resource Management
QuestionHuman Resource Management
Organizations establish and revise merit increase grids based on ______.
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Answer
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Step 1I'll solve this problem by breaking down the key factors that organizations consider when establishing and revising merit increase grids.
Step 2: Understanding Merit Increase Grids
Merit increase grids are structured compensation tools that organizations use to determine salary adjustments based on employee performance and other organizational factors.
Final Answer
Organizations establish and revise merit increase grids based on a comprehensive assessment of performance evaluation results, market compensation benchmarks, organizational financial health, salary structure considerations, and strategic talent management goals.
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