Compute each employee's compa$-$ratio $($current salary divided by the midpoint$).$ This value represents the relative position of the employee's current salary to the market $($low$,$ equal, high$)$ and can be useful in making award decisions.

Prepare a scatter graph chart reflecting the salary & performance rating for assigned employees.

Calculate the $3\%$ merit budget $($merit pool is determined by computing $3\%$ of the total salary of your team$).$

Configure a merit matrix applying various $\%$ increases to achieve an overall matrix merit budget yield of $3\%.$