1- enter employee join date
2- enter start salary for each employee
3- enter monthly evaluation as degree from 1 to 10 for example based on some KPI like (quality, responsibility, attitude, etc)
4- enter the min percentage of raise
the tool should calculate the annual raise of each employee , and also provide a nice clear graphical report about each employee
can anyone recommend tools to do that ? Saving Changes...
I'm not a fan of such automated salary increase tools as the people manager's judgment is ignored in favor of a formula, but you could create something like this very easily in MS Excel using a lookup table for the raise percentage based on the average annual evaluation or other criterion.
Kiron made a good point.
Anyways, you can create an excel sheet for this. Saving Changes...
Marek RudnickiPMO, Program Management, Project Management, Business Development| FreelancerPoland
Well very HR topic.
Except for Excel which can do everything. Literally:) Workday has this capability.
But for both algorithms how you distribute the rise budget among the team is up to you. Tools will help to simulate before sending for approval. Saving Changes...
Adela TataruSenior Project Manager| Self EmployedVancouver, British Columbia, Canada
I think you should start with a simple Excel template where you enter the conditions for the raise.
Otherwise there are more powerful HRIS tools (you're probably looking for the Compensation modules, not the entire suite): as mentioned above by Marek, Workday, Oracle HCM, ADP, SAP's Successfactors etc
For small companies maybe look at BambooHR, Zenfits, Cornerstone etc
And there are a lot of smaller online tools if you do not have a big workforce. Saving Changes...
