Original Date: 05/08/1995
Revision Date: 01/18/2007
Information : Inside Compensation Newsletter
McDonnell Douglas Aerospace (MDA)-St. Louis has introduced an Inside Compensation Newsletter to inform employees of policy and/or philosophy changes in the merit review process. This newsletter is a one-page publication published by Human Resources (HR) to communicate merit review issues, and address issues in the corporation compensation program such as changes in the performance appraisal process, the merit review budget and pay philosophy, and adjustments in the labor rate changes. It supports the communication process and provides employees information to better understand the merit review process and general compensation practices.
The newsletter is published on an as-needed basis and has different distributions depending on the issues addressed. For example, one issue included a memo published to management that discussed new job codes for all employees. Another issue outlined the Merit Review and Organizational Performance Bonus and was routed to supervisory and salaried employees. The January 1995 newsletter included MDA-St. Louis rate range changes effective in March and also addressed market labor rates for the St. Louis area.
The publication process begins with a draft prepared by the HR Compensation Staff and reviewed by HR Management. Modifications are made, followed by a review and approval by the Executive Business Council. Once approved, the newsletter is published and distributed to the appropriate personnel.
The Inside Compensation Newsletter provides a communication capability on important personnel issues. This effort has led to a better understanding and awareness of the merit compensation process and its elements for all MDA personnel.
For more information see the
Point of Contact for this survey.