Employee Compensation Review Checklist ( HR )

This checklist is designed to guide HR personnel through the process of reviewing employee compensation to ensure fairness, equity, and compliance with industry standards. It aims to assess and adjust salaries based on performance, market conditions, and company policy.

• Gather Employee Data

  Collect comprehensive data on current employee salaries, performance reviews, job descriptions, and market salary benchmarks.

• Analyze Compensation Structure

  Assess the current compensation structure against industry standards and internal equity to identify any discrepancies.

• Consult with Managers

  Engage with department managers to discuss employee performance and any specific compensation concerns they may have.

• Prepare Compensation Recommendations

  Develop recommendations for salary adjustments or bonuses based on gathered data and discussions with management.

• Review Compliance with Policies

  Ensure that all compensation recommendations adhere to company policies and legal regulations regarding salary adjustments.

• Present Findings to HR Leadership

  Compile the findings and recommendations into a presentation for HR leadership to review and approve.

• Communicate Changes to Employees

  Once approved, communicate any compensation changes to the respective employees in a clear and transparent manner.

• Document the Review Process

  Maintain detailed records of the compensation review process, decisions made, and communications for future reference.