Annual Salary Review Spreadsheet

Annual Salary Review Spreadsheet

Review Base Salaries & Ensure Equity & Market Competitiveness

Annual Salary Review Spreadsheet

This document is a spreadsheet template used by HR to review employee salaries and determine whether increases or adjustments are required. 

Preview & Download the Template

Salary Review Template + Accompanying Instructions for HR 

Each MS template is professionally written & consistently formatted. Fully customizable upon download.

Download 6 Premium HR Templates
Free!

Including this one. Quick sign up  - just 3 fields.
No credit card required. Promise! 
 

What is a salary review?

A salary review is when businesses check and adjust employee pay to make sure it’s fair, competitive, and within budget. It usually happens once a year to help keep employees happy, address pay gaps, and reward performance.


Why use a salary review spreadsheet?

A good salary review spreadsheet helps you:

  • Standardize salary decisions across teams
  • Keep track of performance-based raises
  • Ensure pay is fair and consistent
  • Compare salaries to industry standards
  • Budget for raises ahead of time


What use our salary review spreadsheet?

  • Automatically calculates salary increases based on performance and retention priority.  
  • Pre-built formulas for total compensation analysis
  • Built-in market benchmarking tools
  • Customizable pay grade categories
  • Clear reports to help leaders make decisions


How to run a smooth salary review

  • Gather your salary data – List out salaries, job titles, and performance ratings.
  • Compare with industry pay – Use salary surveys and reports to stay competitive.
  • Evaluate employee performance – Decide who deserves a raise and why.
  • Check for pay gaps – Make sure everyone is being paid fairly.
  • Plan your budget – Figure out what’s affordable before making final decisions.
  • Communicate changes clearly – Be upfront with employees about raises and how they’re decided.


This template is brought to you by the HR Toolkit for Small Business

HR for Canadian Small Business

Since 2006 and with over 10k subscribers, ConnectsUs HR™ is Canada's leader in building and maintaining document-based HR for small business and HR consultants.  We now also help small business move beyond documents to automated online HR.


3 HR solutionsthat evolve with your small business.

HR toolkit subscriptions. Create document-based HR.


Create
document-based HR

The HR Toolkit is a self-serve center that features the HR template library, handbook builder, resources, & updates to create a complete document-based HR system.
 

LEARN MORE


Add support
& HR on Call

HR Toolkit + Toolkit Support & HR on Call. Hiring an HR expert can be expensive. HR Complete is a budget-friendly way to combine DIY HR with expert guidance
 

LEARN MORE


HR essentials
& part-time help

Most clients start with the essentials: a handbook and employee contracts. We help you build those foundations properly and provide part-time HR support as needed.
 

LEARN MORE

 

  • “…We were constantly “reinventing” the wheel when it came to establishing even the most basic administrative policies, procedures and templates (we were constantly “borrowing” examples from our sister organizations).  Your product provides us with virtually everything we were looking for in one nice, neat customizable package.”

    Brenda Taillefer | Executive Assistant, Athabasca Watershed Council
  • “…I finished my first draft of the whole manual yesterday; after only 3 weeks of having your product. It would have taken me months to do the same thing by myself. THANKS A LOT FOR A WONDERFUL TOOL!...”

    Jorge O. Aviles | Arrow Energy Ltd.
  • “…What a great product! I cannot emphasize enough how delighted I am with it…Your work is thorough, detailed, comprehensive, thought provoking, well laid out, easy to work with, professional, and great value. Thank you and compliments on a job very well done.”

    Grant Hodgins, B.Comm | CEO, Hodgins Auctioneers Inc.
  • "Rather than wasting countless hours reinventing the wheel, a lot of the leg work is done for you. Worth checking out. A real help if you need to get HR best practices in place in a short amount of time."

    Martina Page | Human Resources, ARC’Teryx
  • "... We had a menu of everything we could possibly need to quickly create HR best practices. The toolkit helped me understand what every small business should have in place."

    Salina Visram Landstad | Partner, Creative Spirits
  • "...Never before have I seen a product that so easily and completely supports the creation of HR practices. Don't reinvent the wheel - buy one of the best wheels invented to take your small business forward..."

    Patti Sheehan | Principal, Puget Sound People Solutions | Seattle, WA