The remuneration (REM) review is an annual process that occurs after the performance management stage to evaluate the salaries, bonuses, and incentives in line with business performance and budgets for the year. It’s typically facilitated by HR business partners. This resource will guide you through the six stages of an REM review, the activities involved, and the key outcomes, covering the following points:
- Preparation and planning
- Market and talent analysis
- Budget allocation
- Presentation and validation
- Implementation and communication
- Evaluation and adjustment
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