A periodic assessment of employee salaries to determine adjustments.
A pay review is a structured process in which an organization evaluates and potentially adjusts employee salaries. Pay reviews can be annual (reviewing all employees simultaneously), individual (at performance review time), or triggered by promotion or market changes. Pay review decisions typically consider individual performance ratings, market benchmarking data, budget constraints, and pay equity considerations. HR software supports pay reviews with salary modeling tools, budget tracking, and manager approval workflows.
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