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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.

All 14 prompts in this lesson

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

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

  1. Ask for any missing inputs before starting.
  2. Outline the key components of an effective and fair performance review process that ties to merit increases.
  3. Design a structured system for providing constructive feedback during reviews.
  4. 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?