I'm looking to update company policy on new hire salary offerings. We typically start at 5% above the minimum, depending on qualifications, experience, etc. My question is, what metrics or rubrics are other organizations usings to determine new hire salaries?

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We should be offering the person what the position is worth, and adding their level of experience and expertise.

Do you also limit promotional raises to only 5% or 10%, even when the minimum of the job is 30% more than the employee is currently being paid?

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Compa Ratio
Market data
Industry studies

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Specifically, I'm looking for guidelines or scales organizations use to determine those salaries.

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Salary surveys

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I think having a clear framework is important. The more subjective the process feels, the harder it becomes to explain decisions consistently.

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