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. 5-19 (estimated) | CompTool open: managers enter merit increases and variable pay awards. |
| Nov. 19 (estimated) |
Last day for managers to enter merit increases and variable pay awards in CompTool. |
| Dec. 18 | Comp notices available to managers. |
| Dec. 18 – Jan. 15, 2021 |
Manager/employee compensation discussion. |
| Jan. 1, 2021 | Effective date for merit increases. |
| Jan. 18, 2021 | Comp notices released to employees. |
| Jan. 21, 2021 | Payout date for employee merit increases and High Performance Incentive Plan variable pay awards. |
| Feb. 18, 2021 | Payout date for Management Incentive Plan variable pay awards. |
2020 compensation review key dates and resources coming soon.
Also, check out the key dates for performance and compensation reviews 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.