American Express: 3% merit budget
The financial services company, American Express UK, has awarded its 6,300-strong workforce all-merit pay rises ranging from nil to 7%, from a 3% budget effective 1 April 2000.
American Express performance matrix, 1.4.00
|
Goal rating |
Leadership rating |
Recommended maximum % increase to base pay |
Recommended maximum % increase to base pay |
Recommended maximum % increase to base pay |
|
Approaching market |
At market |
Above market |
||
|
G1: Exceeded expectations in all areas relative to the marketplace, industry and/or external competition |
L1: Was distinguished in demonstrating the leadership competency behaviours in a highly consistent manner |
7% |
6% |
4.5% |
|
G2: Exceeded expectations in most areas, and achieved expectations in all other areas relevant to the marketplace, industry and/or external competition |
L2: Performed at a higher level than "achieved expectations" in demonstrating the leadership competency behaviour |
5% |
4% |
2.5% |
|
G3: Achieved expectations in all areas relative to the marketplace, industry and/or external competition |
L3: Achieved expectations in demonstrating the leadership competency behaviours in a consistent manner. |
