Annual Salary Review Spreadsheet

Annual Salary Review Spreadsheet

Review Base Salaries & Ensure Equity & Market Competitiveness

  1. Home
  2. HR Kits & Templates
  3. Compensation
  4. Annual Salary Review Spreadsheet

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! 
GET IT NOW
 

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.

HR Services for Canadian Small Business

 

  • "...We needed a starting point for everything from policies to manager resources and got so much more."

    Karen Buchanan | Office Manager, BCTIA (BC Technologies Industry Association)

  • "...In a small business, best HR practices are sometimes not implemented due to a lack of resources or HR knowledge. With ConnectsUs products, we were able to implement them quickly and easily."

    Chris Breikss | President, 6S Marketing Inc. | New York, New York

  • "As a fresh start up with big growth plans, ConnectsUs products were the perfect tools for establishing our HR baseline. It's truly invaluable.”

    Bill Tam | CEO, EQO Communications

  • “…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 just wanted to write to say that ConnectsUs HR™ for Consultants is truly a gift. I've been searching for this type of support with other service providers with no luck. The templates and Resource Center you have created are so helpful, and provide a comprehensive menu of topics, best practices and well-written content that would have taken months to create from scratch. In most cases, my clients don't want to wait long to see results. I am very thankful to have found your product that makes me look so good!

    Thank you again!

    A new and thankful customer

    Stacey Messner | Principle Consultant | staceymessner.com

  • "...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
Testimonials Customer List