Human Resource Management – Merit Pay

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An advantage of merit pay is that it provides a method for rewarding performance in all of the dimensions measured in the organization’s performance management system. If that system is appropriately designed to measure all the important job behaviours, then the merit pay is linked to the behaviours the organization desires.

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Following are some of the topics in Human Resource Management – Compensation Management in which we provide help:

Compensation Management
Legal Requirements
Human rights legislation
Pay Equity Act
Economic Influences on Pay
Product markets
Pay Level: Deciding what to pay
Gathering Information about Market Pay
Employee Judgement about Pay Fairness
Judging Fairness
Job Structure: Relative Value of Jobs

Pay Structure: Putting it all together
Pay Rates
Pay Grades
Pay Ranges
Alternatives to Job – based- pay
Incentive (Variable) Pay
Pay for Individual Performance
Piecework Rates
Standard Hour Plans
Merit Pay
Performance Bonuses

Sales Commission
Pay for Team Performance
Gain sharing
Management commitment
Pay for Organizational Performance
Profit Sharing
The Role of Employee Benefits
Benefits Required by Law
Employment Insurance
Worker’s Compensation
Optional Benefit Programs

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