There are $3$ parts to this homework for full credit be sure to complete both parts, the merit matrix, explanation of the strategy used to create the merit matrix and the costing of the merit matrix.

Given the percentage of employees receiving the $4$ different levels of performance evaluation and the $\%$ of employees who are currently within the lowest $\frac{1}{3},$ middle $\frac{1}{3}$ and top $\frac{1}{3}$ of their salary range construct a proposed merit matrix. The objective is to reward outstanding performers more than those who exceed expectations and both of these groups more than those employees who meet expectations. You also need to determine if those who did not meet performance expectations should be given an increase. Overall merit pool for the company this year is $3\%.$

POSITION INTO RANGE

$\backslash$table$[[,\backslash$table$[[$Bottom $\frac{1}{3}-22\%$