Raise Budget Planning Sheet for Managers
Plan and manage your team's salary increases with clarity.
Download the Budget Planner
This tool helps managers allocate a total raise pool based on performance, compa-ratio, and other factors.
What's in the Planner
- A section to list team members and their current salaries.
- Fields for performance ratings and salary band position (compa-ratio).
- A calculator to apply different raise percentages based on performance.
- A summary to ensure your total allocated raises stay within budget.
Key Features
Fair and Consistent
Use a data-driven approach to ensure fair allocation of raises.
Budget Control
Stay within your allocated compensation budget.
Simplifies Decisions
A structured framework makes complex decisions easier.
How to Use This Planner
- Download the .xlsx file.
- Enter your total raise budget and your team members' salary data.
- Assign a performance rating to each team member.
- Adjust the raise percentages to align with your compensation strategy and budget.
Expert Insights
Allocating raises can be one of the most challenging tasks for a manager. A structured tool like this helps remove bias and ensures that your decisions are fair, consistent, and defensible. It allows you to reward your top performers while managing your budget effectively.