Application Examples:
July 2024 Performance Rating: Outstanding
July 2020 to 2023 Performance Ratings: Outstanding
Targeted Progression Pool Provision: 100%
Maximum Merit (based on performance and compa-ratio): 5.5%
Actual Merit Increase: 3%
Targeted Progression Pool Increase: 2.5%
Total Annual Salary Review Increase: 2.5%
Calculation: 5.5% max merit x 100% TPP = maximum TPP payment up to 5.5%
July 2024 Performance Rating: Outstanding
July 2020 to 2023 Performance Ratings: Mix of Outstanding and Successful
Targeted Progression Pool Provision: 98%
Maximum Merit (based on performance and compa-ratio): 5.5%
Actual Merit Increase: 3%
Targeted Progression Pool Increase: 2.39%
Total Annual Salary Review Increase: 5.39%
Calculation: 5.5% max merit x 98% TPP = maximum TPP payment up to 5.39%
July 2024 Performance Rating: Successful
July 2020 to 2023 Performance Ratings: Successful
Targeted Progression Pool Provision: 96%
Maximum Merit (based on performance and compa-ratio): 3.6%
Actual Merit Increase: 1.5%
Targeted Progression Pool Increase: 1.95%
Total Annual Salary Review Increase: 3.45%
Calculation: 3.6% max merit x 96% TPP = maximum TPP payment up to 3.45%