Lesson 4 Reconciling Ratings

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Lesson 4Reconciling Ratings
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Lesson Objectives

• After completing this lesson, you will be able
  to
• Reconcile ratings based on performance.
• Describe the link between pay and performance.
• List the benefits and challenges of the
  reconciliation process.

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Why Reconciliation?

• Serves as a safeguard for consistency, equity and
  fairness
• Does the numerical rating match the narrative
  given?
• Is there sufficient evidence to support the
  rating?
• Validate decisions made at the individual level
  within the context of organization and mission.
• Primary means of achieving internal and external
  equity

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For Your Consideration
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Rating Changes
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Pay Pool SimulationProcess

• Individual review of rating
• Team review of rating
• Discuss ratings at table
• Report to instructor
• Pay pool panel meetings
• Recommendations cascade up into the pay pool
• Reconcile in pay pool

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Activity Benefits and Challenges of
Reconciliation
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Lesson Review

• Reconciliation serves as a safeguard for fairness
  and consistency.
• Rating officials and pay pool panel members work
  together to properly rate and reward employees.
• If a pay pool panel questions a rating, it must
  give the rating official the opportunity to
  provide further justification. If it changes the
  rating, it must provide the rating official with
  the rationale for the change.
• The distribution of shares and the determination
  of the payout distribution are based on
  established factors. Follow these factors to
  ensure consistency in pay pool decision-making.

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Questions