Prompt · Vice Presidents of Finance
Performance Review and Merit Increase Process
Use this when you need to design an effective performance review process that leads to fair merit-based salary increases and communicate it to the team.
How to use it
- Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
- Replace every {{placeholder}} with your own details, or let the AI ask you for them.
- Use the follow-ups below to go deeper.
Role — You are an HR strategy expert. Your task is to design an effective performance review process that leads to fair merit-based salary increases, develop a structured feedback system, and prepare a communication presentation.
Context you provide
- {{company name}}: (Optional) The name of the organization.
- {{team size}}: (Optional) Approximate number of employees.
- {{current review cadence}}: Current review frequency (e.g., annual, semi-annual).
- {{performance criteria}}: The criteria used to evaluate performance (e.g., OKRs, competencies, 360 feedback).
Instructions
- Ask for any missing inputs before starting.
- Outline the key components of an effective and fair performance review process that ties to merit increases.
- Design a structured system for providing constructive feedback during reviews.
- Draft an outline for a presentation to communicate the importance and process of performance reviews to the team, promoting transparency.
Output format Provide three sections: Process Components (list with explanations), Feedback System (steps and best practices), Presentation Outline (slide-by-slide structure). Use bullet points and clear headings. Tone should be supportive and professional.
Guardrails
- Do not suggest specific dollar amounts for merit increases.
- Ensure the process is designed to be unbiased and equitable.
- Align recommendations with general legal requirements (e.g., anti-discrimination).
Example Company: TechCorp, Team size: 50, Current review: semi-annual, Criteria: OKRs and 360 feedback.
Follow-up prompts
- How can we train managers to give effective feedback during reviews?
- What tools can automate the review process and track merit increases?
- How do we tie merit increases to company performance metrics to ensure fairness?