Why is it important to have a Salary Percentage Increase Calculator Template?
You’re business is changing and you’re looking to change the job roles of a number of your employees. Some you’re looking to promote, some you’re looking to move into another area of the business and change their line manager and unfortunately there are the odd few that you are going to demote.
But how do you ensure you’re increasing or decreasing their salary correctly?
HR Heroes Salary Percentage Increase Calculator will provide you with everything you need to alter an employees job role simply and compliantly.
During the course of your staff’s employment, they are likely to require contractual changes made to their terms and conditions, such as promotions or salary alterations. So how do you do this inline with Employment Law to protect yourself against any future risks? – Firstly, it’s very important that you detail these changes in writing. Why? So that your employee knows exactly what’s happening! It’s very unsettling when an employee’s role changes and they don’t have anything in writing to confirm what’s happened. Communication is the key! Happier staff are more productive staff. Secondly, you need to follow a clear, compliant process. HR Heroes Employee Contractual Changes help with both!
The Employee Contractual Change package gives you template letters, the internal form used to produce the letter and inform payroll and a handy salary change calculator.
If you want more information about how to change an employees contract of employment, give one of our experts a call who will be happy to help you!