Compensation Plan
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- Category: Other
- Date Submitted: 04/25/2010 07:25 PM
- Pages: 5
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Keeping in step with InterClean’s new strategic direction, the new team compensation plan will incorporate creative planning to maximize:
1. Building employee and team loyalty
2. Team motivation
3. Rewarding top performing team members
Describe a new compensation plan for your employment team.
Sales managers face challenging choices in decision making every day. The multi functional team members will face these challenging dilemmas as InterClean embarks into a new market. By utilizing the job analysis for team member positions, organizational measurements, and individual measurements an organizational rewards plan has been set up for the new sales team. Rewards will combine indirect and direct compensation on an individual level as well as a collective team. In conjunction with already available company benefits (listed below) these additional benefits are available immediately upon joining the new sales team:
Medical benefits
Life insurance
Dental plan
Vision plan
Tuition reimbursement
Wellness Program
Flex spending accounts
PTO- paid time off
Paid holidays
Worker’s compensation
Long and Short-term disability
Supplementary Disability Insurance
Retirement plans
401k
Restricted Stock Options
Profit Sharing
Performance Bonus- based off of individual and team quarterly performance, can receive a maximum payout of 5% of base pay (weighting 20% individual + 30% team + 50% company revenue).
Sales Commission- monthly commission rate of 5% available if monthly attainment rate is met (attainment rate set by company objectives)
Travel/Meal reimbursement- meal reimbursement or travel per diem for business related meetings with potential clients.
Annual team appreciation luncheon- all expense paid luncheon for all team members. Members will be recognized for outstanding performance levels, teamwork efforts, and accomplishments.
Mobile phone comp- free use of company mobile phones to provide client service and other business related...
1. Building employee and team loyalty
2. Team motivation
3. Rewarding top performing team members
Describe a new compensation plan for your employment team.
Sales managers face challenging choices in decision making every day. The multi functional team members will face these challenging dilemmas as InterClean embarks into a new market. By utilizing the job analysis for team member positions, organizational measurements, and individual measurements an organizational rewards plan has been set up for the new sales team. Rewards will combine indirect and direct compensation on an individual level as well as a collective team. In conjunction with already available company benefits (listed below) these additional benefits are available immediately upon joining the new sales team:
Medical benefits
Life insurance
Dental plan
Vision plan
Tuition reimbursement
Wellness Program
Flex spending accounts
PTO- paid time off
Paid holidays
Worker’s compensation
Long and Short-term disability
Supplementary Disability Insurance
Retirement plans
401k
Restricted Stock Options
Profit Sharing
Performance Bonus- based off of individual and team quarterly performance, can receive a maximum payout of 5% of base pay (weighting 20% individual + 30% team + 50% company revenue).
Sales Commission- monthly commission rate of 5% available if monthly attainment rate is met (attainment rate set by company objectives)
Travel/Meal reimbursement- meal reimbursement or travel per diem for business related meetings with potential clients.
Annual team appreciation luncheon- all expense paid luncheon for all team members. Members will be recognized for outstanding performance levels, teamwork efforts, and accomplishments.
Mobile phone comp- free use of company mobile phones to provide client service and other business related...