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salary matrix


'salary matrix' can also refer to...

 

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A chart that can be used to determine the annual salary award and rate of salary progression of an individual employee. A salary matrix allows two variables to be taken into account in deciding the level of an award: the individual's performance rating and the position already attained within the salary range. An individual with a ‘fully acceptable’ performance rating, for example, could receive a 5 per cent increase when at the bottom of the range, a 3 per cent increase at the midpoint, and 1 per cent above the mid-point. The same level of performance rating, therefore, results in different levels of salary award, depending on existing salary.

Subjects: Human Resource Management.


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