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Compensation · Guide + 3 templates

Compensation Planning

Set a budget, decide raises fairly, design a bonus plan, and explain how pay works, using market data you research yourself.

In the 10-page guide

  • Six decisions for a comp philosophy
  • A four-stage merit cycle
  • An example merit matrix
  • Bonus plan design
  • State notes for CA, NY, IL, TX, and FL
W+X

3 editable templates

Ready-to-edit Word and Excel files. Fill in the shaded fields and save a master copy.

Merit Cycle Planner
An Excel planner: enter salaries, bands, and ratings, set your matrix, and see each recommended increase, compa-ratio, and total cost against budget.
Bonus Plan
A written bonus plan with eligibility, target, funding, individual factor, payout timing, and acknowledgment.
Compensation Philosophy
A one-page statement built from the six decisions, ready to share with managers and employees.
$59
Instant download · Always in your library · Review with your legal counsel before use
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Includes the guide PDF and editable Word and Excel templates.
Also included in the Pay & Policy Kit and the Everything Bundle. Need hands-on help? Talk to an HR professional.
Already bought it? Open your library.
About this kit

What the Compensation Planning kit covers

Set a budget, decide raises fairly, design a bonus plan, and explain how pay works, using market data you research yourself. Written for founders, finance, and HR leads setting pay at small and growing companies, in plain language, with federal rules and state notes for California, New York, Illinois, Texas, and Florida.

The 10-page guide covers six decisions for a comp philosophy; a four-stage merit cycle; an example merit matrix; bonus plan design; state notes for CA, NY, IL, TX, and FL. It comes with 3 editable Word and Excel templates: Merit Cycle Planner, Bonus Plan, Compensation Philosophy. It is also part of the Pay & Policy Kit.

Price: $59, one-time purchase, instant download. General guidance, not legal advice: review finished documents with your legal counsel.

Questions

Frequently asked

What is a merit matrix?

A grid that sets raise percentages by performance rating and by where someone sits in their salary band.

How do companies set a raise budget?

Leadership typically sets a total budget as a percentage of payroll, informed by market research and what the company can afford. The planner tracks cost against that budget.

Is this legal advice?

No. ModuleHire HR guides and templates are general guidance. Review anything that affects an employee with your legal counsel before you use it.

How do I get the files?

Right after checkout you get a download page and an email link. Everything you buy also lives in your library at hr.modulehire.com/library.html, so you can download it again any time.

Which states do the guides cover?

Guides on topics where state law matters, such as pay, leave, hiring, and terminations, include state notes for California, New York, Illinois, Texas, and Florida alongside federal rules.