{"product_id":"raise-and-promotion-budget-planner","title":"Raise and Promotion Budget Planner","description":"\u003ch2\u003e\u003cspan\u003eRaise \u0026amp; Promotion Budget Planner\u003c\/span\u003e\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003ePlan employee raises and promotions without losing sight of your payroll budget.\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eCompensation planning can quickly become complicated when you're balancing employee performance, merit increases, promotions, payroll costs, and an overall budget.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eRaise \u0026amp; Promotion Budget Planner\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e gives HR professionals and business leaders an organized Excel system for modeling employee increases, comparing merit scenarios, tracking approvals, and seeing the total impact on payroll before final decisions are made.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003ePlan Raises Employee by Employee\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eFor each employee, track:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e• Employee ID\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Employee name\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Department\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Job title\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Current salary\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Performance rating\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Promotion status\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Promotion increase percentage\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Proposed merit percentage\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Merit increase dollars\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Promotion increase dollars\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Proposed salary\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Total increase percentage\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Total budget impact\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Budget-guide status\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Approval decision\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003ePerformance-Based Merit Planning\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eUse employee performance ratings from \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003e1 through 5\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e to automatically calculate proposed merit increases.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe workbook uses customizable performance multipliers so higher or lower performance ratings can adjust the selected base merit rate.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eYou control the assumptions.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003ePlan Promotions Separately\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eIdentify employees being considered for promotion and apply a separate promotion increase.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eSet a \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003edefault promotion percentage\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e for your organization or override the percentage for an individual employee when needed.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe workbook automatically calculates the promotion cost and incorporates it into the employee's proposed salary and overall payroll impact.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eCompare Three Merit Scenarios\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eSee how different merit strategies affect payroll before making final decisions.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe Summary page automatically compares:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003eConservative Scenario\u003c\/span\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cspan\u003eTarget Scenario\u003c\/span\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cspan\u003eInvestment Scenario\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eFor each scenario, see:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e✓ Base merit percentage\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Merit cost\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Promotion cost\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Total increase cost\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Resulting payroll\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis allows leadership to evaluate different compensation strategies without rebuilding the plan.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eMonitor Your Overall Payroll Budget\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eSet an \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eOverall Budget Cap\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e and see how your proposed increases compare.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe workbook automatically shows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e• Current payroll\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Selected total increase\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Selected increase percentage\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Number of employees\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Budget remaining—or amount over budget\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eAutomatic Budget Guide\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eEach employee's total proposed increase is automatically compared against your overall budget guideline.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eEmployees are identified as:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003eWithin Guide\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eor\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003eAbove Guide\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis gives HR and leadership a quick way to identify increases that may require additional review.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eTrack Final Decisions\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eUse the built-in approval workflow to classify proposed increases as:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003eApproved\u003c\/span\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cspan\u003ePending\u003c\/span\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cspan\u003eHold\u003c\/span\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cspan\u003eDeclined\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe Summary page automatically shows the number of employees and payroll impact associated with each decision category.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eDecision Checks\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eQuickly see:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e✓ Number of employees above the budget guide\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Number of promotions proposed\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Budget remaining or amount over budget\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eCustomize Your Compensation Strategy\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eThe Assumptions page allows you to control:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e• Selected base merit rate\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Overall budget cap\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Default promotion increase\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Planning year\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Currency\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Performance-rating multipliers\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Conservative merit scenario\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Target merit scenario\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e• Investment merit scenario\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eChange the assumptions and the planner automatically recalculates the results.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eGreat For:\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eHR professionals • Small and midsize businesses • Business owners • Finance teams • Compensation planning • Department leaders • Organizations without a dedicated compensation-planning system\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eWhat's Included\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003e3 integrated Excel worksheets:\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e✓ Raise \u0026amp; Promotion Summary\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Employee Raise Planner\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e✓ Compensation Planning Assumptions\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eSample employees are included for demonstration and can be replaced with your own workforce.\u003c\/span\u003e\u003c\/p\u003e\n\u003ch3\u003e\u003cspan\u003eDigital Product\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan\u003eThis is a downloadable \u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003eMicrosoft Excel workbook\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e with built-in formulas and automated compensation calculations. No physical product will be shipped.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003eModel the increases. Compare the scenarios. Control the budget. Make more informed compensation decisions.\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cspan\u003eImportant:\u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003e This workbook is a compensation-planning and budgeting tool. It does not determine appropriate compensation, pay equity, market competitiveness, legal compliance, or whether a particular raise or promotion should be approved. Employers remain responsible for their compensation practices and applicable employment laws.\u003c\/span\u003e\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":50536155512918,"sku":null,"price":19.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0767\/4114\/8758\/files\/Raiseandpromotionplanner.png?v=1790446704","url":"https:\/\/hrtransformationllc.myshopify.com\/products\/raise-and-promotion-budget-planner","provider":"HR Transformation, LLC","version":"1.0","type":"link"}