Is It Time for Multiple Merit Cycles Each Year?

Compensation planning is a vital aspect of employee retention and satisfaction. Traditionally, organizations have handled merit processes annually due to the complexity and time-consuming nature of gathering and integrating feedback from multiple stakeholders. However, as the job market becomes increasingly dynamic, the limitations of annual merit cycles are more severe.

This white paper explores the advantages of adopting multiple merit cycles throughout the year. Learn how frequent pay adjustments can tackle issues like pay compression and pay inequity more effectively. By addressing compensation concerns promptly, organizations can align pay with performance and reduce employee turnover.