The ordering of jobs from highest to lowest

The market wage for a particular job compared to a specific company's wage for the job

The adjustments to midpoints based on geographic differentials

The difference in wage rates paid at the midpoint of two adjacent grades

General

Cost of living

Automatic

Merit

It isn't. The performance review should not be related to pay decisions.

It is related to the extent that it affects variable pay awards. Base pay is based solely on tenure, prior experience and job skills.

It helps managers meet salary budgets by allowing them to adjust review results to align with available salary increase funds.

It provides managers a measure that can be used along with salary planning guidelines to determine appropriate rewards or consequences.