Merit Increment Matrix (Merit Plus System)

Merit Plus is a HR tool which is used to reduce administrative work and cycle time significantly for the performance management system and process.

In addition, it provides instant, comprehensive, user-friendly (easy-to-use) and detail salary reports and statistics e.g. analyses by specific employee categories, departments and grades available from the company's salary database.

Main Features of MERIT PLUS:

• An IT System: Save significant management time and resources (Process / Administrative time: cycle time probably cut from weeks to days).
• Using very objective management system - based on fair and well-accepted principles.
• An efficient and effective simulation tool - scenario-based. Instant reports are available.
• Comprehensive salary and increment reports (include salary database analyses / profile / summaries and compa-ratio).
• Do not need to use "forced distribution" and broad increment guidelines - minimise increment grievances and disparity.
• Accurate budget implemented.

The system will assist HR with the following:

1) Distribute increment percentage by employee performance rating and salary level.

2) Ensure annual increment budget is accurately and fairly managed.

3) Calculate salary cost impact due to implementation of budgeted increment by:

• department
• job grades
• overall company

4) Monitor and determine employees' salaries statistics by:

• specific job titles
• department
• job grades
• employee categories

Download Merit Plus System brochure - Click here

Annual Merit and Increment / Bonus Analyses & Payroll Statistics (Merit Plus Outsource Service)

This is an outsource service provided by MIS & Associates to perform the following for clients:

• budget annual increment efficiently and effectively
• plan and distribute annual salary increment fairly and accurately
• prepare individual increments report and analyses
• analyse and prepare salary reports by positions, grades, performance level, department etc (salary statistics using database)
• provide salary statistics e.g. high, low, average, compa-ratio (CR), analyses of salary database (by individual job, grade, category, etc)
• link individual increments to individual employee letters.

This outsource service will save significant management and administration time as well. It provides alternatives to using 'forced distribution' of performance ratings while minimising inconsistencies and subjectivities. It uses fair and objective pay for performance salary guidelines.

Merit Plus Outsource Service flowchart - Click here

More details by click here - Read more..