Startup Salary Increase Resolution

Date: [Month Day, Year]

IT IS HEREBY RESOLVED, as of the annual compensation review meeting held on [Insert Meeting Date], as follows:

WHEREAS, we have conducted a thorough analysis of our current compensation packages compared to industry standards and taken into consideration the exceptional performance and dedication of our team members over the past fiscal year;

WHEREAS, our commitment to maintaining a competitive position in the market, attracting, and retaining top talent, and acknowledging the hard work and achievements of our employees is paramount;

AND WHEREAS, it is essential for the sustainability and growth of our organization to ensure that our team feels valued and motivated;

1. Salary Increase Approval: A company-wide salary increase of 5% is approved, effective from [Insert Effective Date], with special consideration for roles critical to our strategic goals, where increases may go up to 8%.

2. Performance-based Adjustments: Employees exceeding performance goals by more than 20% will be eligible for the upper range of the increase.
   

3. Market Adjustment: Salaries below 90% of the market average for similar positions will be adjusted to meet at least the median market rate.
   

4. Recognition of Tenure: Employees with more than 3 years of service will receive an additional 1% increase, acknowledging their long-term commitment.

5. Notification: Detailed personal notifications will be distributed by [Insert Notification Date], ensuring transparency and individual acknowledgment.
   

6. Payroll Adjustment: The salary adjustments will be reflected in the payroll for the month of [Insert Payroll Month].
   

7. Budget and Financial Consideration: An allocation of $250,000 is designated for this initiative, ensuring financial prudence while rewarding our team's efforts. This figure represents an investment in our human capital, expecting to enhance productivity and employee satisfaction, thereby driving further growth.
   

8. Ongoing Review and Adjustments: Future salary reviews are scheduled annually, with the next review set for [Insert Next Review Date], to adapt to market changes and continue recognizing individual and team contributions.

ADOPTED BY the management team, this resolution is a step forward in our ongoing efforts to enhance employee satisfaction and organizational success.

Signed,

[Management Signature]

[Title]

[Date]

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