Human Resources

Our company usually does performance evaluations in June of each year. Our pay philosophy is not clear. We usually give a COLA in January each year, somewhere around 2% and if an employee performed well, they get above the 2%. I have suggested we change our process to have a clear pay philosophy with increases tied to performance, with goals tied to overall goals of the organization. What is your process? Are you doing performance evals during COVID?

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We are doing our annual performance evaluations now but have a freeze on salary increases and bonuses for this year.

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