Employee Compensation Review Checklist ( HR )

This checklist is designed to ensure a thorough review of employee compensation, including salary adjustments, bonuses, and compliance with company policies and market standards.

• Gather Employee Data

  Collect all necessary employee information including current salary, job title, performance reviews, and tenure.

• Review Market Standards

  Research current market compensation rates for similar positions within the industry to ensure competitiveness.

• Assess Performance Metrics

  Evaluate employee performance based on predefined KPIs and feedback to determine eligibility for compensation adjustments.

• Prepare Compensation Recommendations

  Draft recommendations for salary adjustments or bonuses based on performance assessments and market data.

• Review with HR Manager

  Present findings and recommendations to the HR manager for approval before finalizing any changes.

• Communicate Changes to Employees

  Inform employees of any compensation adjustments or bonuses awarded, providing reasoning and context.

• Document Changes

  Ensure all compensation changes are documented in the HR system and employee files for future reference.