5 steps for a successful merit cycle

With tighter budgets and leaner teams, there's a lot at stake with merit cycle planning this year.

Check out these resources to run a seamless merit cycle. Or, request a demo to see how Pave's compensation planner can help.

01

Align with finance on a budget

VIDEO

How CFOs and CPOs Collaborate: Setting and Managing Your Compensation Budget
In this video, the CPO and CFO of Newfront share their best practices for working together to create a strong compensation program for their employees.

02

Design your merit program

ARTICLE

How should merit recommendations be structured?
Learn the three main ways merit changes can be structured, and the pros and cons of each.

03

Incorporate the data

VIDEO

Create the foundation for data-driven merit cycles
Learn from three compensation experts as they discuss the data needed to set a leveling framework, update bands, and run a successful merit cycle.

04

Run your merit cycle

PRODUCT TOUR

See Pave's compensation planner in action.
‍Get a two-minute demo of our compensation planner to see how to update bands, manage budgets, gather input from managers, and approve compensation changes all in one place.

05

Confidently communicate changes to employees

VIDEO

How to Talk About Comp — What Pave Learned in our Latest Cycle
This last step can be the most challenging. Learn how to enable managers to talk about compensation and communicate decisions in a way that creates buy-in across the organization.

Learn more about Pave's end-to-end compensation management platform

Sign up for free Request demo

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