Merit increments with budget guardrails and pay equity
A merit-increment planning cycle with budget guardrails, a merit matrix, compa-ratio pay equity, multi-stage approval and bulk increment-letter generation.
- Merit matrix
- Budget guardrails
- Compa-ratio equity
Merit matrix
increment % · budget 9.0%| Below | Within | Above | |
|---|---|---|---|
| A+ | 18% | 14% | 10% |
| A | 14% | 11% | 8% |
| B+ | 10% | 8% | 6% |
| B | 7% | 5% | 4% |
| C | 3% | - | - |
Below-band (under-paid) high performers earn the most, the pay-equity lever.
₹30 L left in pool
What compensation does in NeevHR
Merit matrix
Suggested increments by rating and compa band, so under-paid high performers get the most.
Budget guardrails
A live budget burn-down with per-manager envelopes and out-of-policy flags.
Compa-ratio equity
See where each employee sits against their grade midpoint before deciding.
Increment letters
Approve the cycle and generate increment letters into the document vault.
Set as rule sets by your HR admin, assigned to employee groups.
- Cycle, effective date and budget pool
- Eligibility rules
- Merit matrix
- Approval stages
Every list becomes a report; every report a chart that drills to records.
- Increment cost model
- Spend by rating
- Out-of-policy cases
Compensation does not run in a silo
Like every module, it sits on one effective-dated employee record, with India's statutory rules, configuration and governance shared across the platform.
Built for India, only India
PF, ESI, PT, TDS and LWF, gratuity, bonus, POSH and the DPDP Act 2023 are in the core, not an add-on. INR and the India financial year throughout.
Right-sized for the mid-market
Process discipline and statutory accuracy for 500 to 5,000 employees, without the cost or the multi-year rollout of a tier-one suite.
Live in 4 to 8 weeks
A focused implementation measured in weeks, not quarters. You start running real payroll and attendance fast.
Configured by your HR admin
Leave, attendance, payroll, expense and appraisal are configurable rule sets assigned to employee groups. A trained HR admin owns it, no certified consultant required.
Explore related modules
One platform, one employee record.
See compensation on your own data
A tailored walkthrough for your team, no generic deck.