Sandia’s annual compensation review takes place after year-end performance management reviews.
Managers review base salary and variable pay based on your 9-Block rating, and then make compensation recommendations for your merit increase and variable pay award for the year.
Recommendations and final increases and awards must fit within the annual salary budget guidelines from the Department of Energy (DOE).
Key Dates
| Date | Activity |
| Sept. 1 | Freeze date for performance and compensation. New employees hired after this timeframe are not included in the FY20 performance and compensation cycle. |
| Nov. 19 – Dec. 3 (estimated) | Comp Tool open: directors enter merit increases and variable pay awards. |
| Dec. 3 | Last day for directors to enter merit increases and variable pay awards in the Comp Tool. |
| Jan. 1, 2021 | Effective date for merit increases. |
| Jan. 8 | Merit compensation notices and High Performance Incentive Plan variable pay compensation notices available to managers. |
| Jan. 8 – Jan. 15, 2021 |
Manager/employee compensation discussion. |
| Jan. 18, 2021 | Compensation notices released to employees. |
| Jan. 21, 2021 | Payout date for employee merit increases and High Performance Incentive Plan variable pay awards. |
| Feb. 1, 2021 | Management Incentive Plan compensation notices available to managers. |
| Feb. 15, 2021 | Management Incentive Plan compensation notices automatically released to eligible managers. |
| Feb. 18, 2021 | Payout date for Management Incentive Plan variable pay awards. |
Resources
You will need access to Sandia’s internal web in order to view these resources. Manager resources are locked down to specific metagroups.
- What’s New for 2020
- Compensation Review Handbook
- Special Considerations
- Quick Guide for HRBPs and Directors: FY20 Comp Review Process for HRBPs and Directors
- Comp Tool Approvers Quick Guide
- Reviewing Variable Pay Adjustments
- Quick Guide for Level 1 and Level 2 Managers – Viewing Recommendations
- Merit Matrix & Variable Pay Quick Guide for Management
- Variable Pay Plans webpage
Check out the key dates for performance management here.
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Quick Tip
Managers take note!
Go to manager resources for the tools you need to make your annual compensation recommendations, and complete the process through Sandia’s CompTool.