How to Create a Merit Matrix for Salary Increase with Goal Seek Function

Want to learn how to design a salary structure? Check: https://www.caripros.com/design-salar...
FREE template for my video: Excel for HR - Create Annual Employee Salary Increase Template from Scratch. You can download and try it out yourself here: https://bit.ly/2MLLdb7
FREE actual workbook for my video "Split a Master Spreadsheet into Multiple Sheets with 1 click - VBA for Beginner". You can download and try it out yourself here: https://bit.ly/2UmeX2v
New course Launched! I created it to show you step-by-step how to design a salary structure with regression analysis in Excel. Check out the detail here:
https://caripros-hr-analytics.teachab... **HR Analytics with Excel**
Topic: How to create a Merit Matrix with Goal Seek function

Business Scenario: When planning for salary increase, you need to create a merit matrix that allows you to spend your merit increase budget properly.

Formula: Goal Seek, Index() and Match()

Steps to create a Merit Matrix:
1. Set up Merit Matrix relationship around your anchor point 2:19

2. Use Index and Match to apply increase suggestion to all employees 13:50

3. Calculate merit increase spend for all employees and sum it 14:40

4. Use Goal Seek to find the ideal Merit Matrix % 16:00

5. Adjust Merit Matrix relationship and re-run goal seek if needed 17:57






For more successful stories, view at: http://caripros.com/index.php/success...

*****Follow-up Consulting Services*****
If you have specific question regarding your issue, you can email me at the email here https://goo.gl/WejijZ Note that there will be a fee of US$200 charged for solving your issue. The turnaround is within 24 hours. Any follow-up issue in 3 days will also be answered with no charge. Payment link: https://www.paypal.me/caripros

*****More Videos in Playlists*****
Power BI for Beginners: https://bit.ly/3ivKitD
Power BI for Advanced Users: http://bit.ly/3lE9zmO
Excel for HR https://goo.gl/JdeVnd
Excel for HR - Master Class https://goo.gl/LYfq2f
Excel Macro - Beginner https://goo.gl/Yae5nc
Excel Macro/VBA - Splitting a Master File https://goo.gl/m8CHya
Excel Macro/VBA - Auto-hide Rows or Columns http://bit.ly/2Mzteb5
Excel Charts Data Visualization https://goo.gl/2ao6BP
Excel Vlookup Function https://goo.gl/kP2Wpz
Excel Pivot Table Function https://goo.gl/rukkPs
Excel Array Function https://goo.gl/i4sQH8
Excel Index and Match Function https://goo.gl/i7VGU4
Excel Solver/Goal Seek Functions https://goo.gl/FTkTnj
Excel Cell Formatting Solutions https://goo.gl/gpa6MY
HR Analytics - Merit Matrix https://goo.gl/Koy7co
HR Analytics - Salary Structure https://goo.gl/uZBnFa
Excel Tricks https://goo.gl/TeqGDw
Excel Troubleshooting https://goo.gl/bdY5by
Fun HR Topics https://goo.gl/7zVg8h

For more successful stories, view at: http://caripros.com/index.php/success...

#ExcelforHR#HRAnalytics#Excel#HR