Scribd Logo
Upload

Welcome to Scribd!

  • SectionB Group8 HRM PerfMgt

    Uploaded by

    Sukrit Malhotra
    11 views4 pages
    Group 9's performance evaluation includes both fixed and variable compensation components. The fixed portion is based on seniority, experience, and intellectual capital, and makes up 40% of total compensation. The variable portion, making up 60% of compensation, depends on billable hours, non-billable hours, dollars managed, write-off performance, unbilled dollars, and collection performance. An additional special concession of 20% is given based on client reputation, department profits, and innovation. Weightings are assigned to each compensation component based on justifications around promoting risk-taking and client relationships.

    Original Description:

    Original Title

    SectionB_Group8_HRM_PerfMgt.pptx

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Group 9's performance evaluation includes both fixed and variable compensation components. The fixed portion is based on seniority, experience, and intellectual capital, and makes up 40% of total compensation. The variable portion, making up 60% of compensation, depends on billable hours, non-billable hours, dollars managed, write-off performance, unbilled dollars, and collection performance. An additional special concession of 20% is given based on client reputation, department profits, and innovation. Weightings are assigned to each compensation component based on justifications around promoting risk-taking and client relationships.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views4 pages

    SectionB Group8 HRM PerfMgt

    Uploaded by

    Sukrit Malhotra
    Group 9's performance evaluation includes both fixed and variable compensation components. The fixed portion is based on seniority, experience, and intellectual capital, and makes up 40% of total compensation. The variable portion, making up 60% of compensation, depends on billable hours, non-billable hours, dollars managed, write-off performance, unbilled dollars, and collection performance. An additional special concession of 20% is given based on client reputation, department profits, and innovation. Weightings are assigned to each compensation component based on justifications around promoting risk-taking and client relationships.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Performance

    Evaluation
    Group 9

    Components of Compensation

    Variable components based on performance

    Billable hours worked

    Non-billable hours

    Dollars managed

    Write-off performance

    Unbilled dollars

    Collection performance

    Company performance

    Fixed Component based on :

    Seniority Advantage

    Intellectual capital

    Experience

    Special Concession based on :

    Client reputation

    Innovation

    Department based compensation

    Groupings

    Parameters

    Description

    % of grp wt Group Wt

    Wt.

    Justification
    Criteria:1.Seniority advantage

    Fixed

    Seniority Slabs

    40

    Original credits

    16
    2.Experience

    40

    60

    24

    Variable

    Billable hours worked

    30

    60

    20

    Nonbillable hours

    16.67

    10

    Dollars managed

    6.67

    Write-off performance

    6.67

    Unbilled dollars

    6.67

    Collection performance

    20.01

    12

    Company performance

    10

    Large clients bring more future


    biz.

    20

    20

    Special concession Client reputation

    Department based compensation eg. Tax, Probate

    35

    Innovation-New Projects

    eg. Health care project

    45

    Net

    120

    120

    3. Intellectual capital

    Risk in an integral part of law firms. Variable component has been


    given substantial weightage to promote risk taking.

    Apart from variable and fixed components a special concession


    would be provided based on department profits, client reputations
    and innovation

    You might also like