Look Print AU

A Final Project presented to

The Psychology Department
Marie Eugenie School of Innovative Learning
Assumption College San Lorenzo

In partial fulfillment
of the requirement for the course
Compensation and Benefits

Submitted to
Professor Joanne Empig

Submitted by
Santiago, Ma. Margarita Francesca R.

December 2019
Company Overview and Profile
800 Paseo de Roxas
Makati City, PH 1226
Phone: (02) 878-5453
admin@lookprintau.com

Annual Sales:

Compensation Philosophy
This company follows the Entitlement Philosophy of Compensation. Over and above their regular salary,
which is seniority-based, all employees will receive across-the-board raises which increase annually, as
well as bonuses at the end of the year.

Benefits Philosophy

I. Compensation
a. Job Level:
i. Executive
ii. Manager
iii. Supervisor
iv. Officer
v. Administrative/Rank and File

b. Current Package
MIN MAX MID
1 A - Executive ₱200,000.00 ₱450,000.00 ₱325,000.00
2 B - Manager ₱80,000.00 ₱110,000.00 ₱95,000.00
3 C - Supervisor ₱60,000.00 ₱70,000.00 ₱65,000.00
4 D - Officer ₱40,000.00 ₱55,000.00 ₱47,500.00
5 E - Admin ₱17,000.00 ₱30,000.00 ₱23,500.00

c. Market Data
 Market Data
₱700,000.00
MIN
₱600,000.00
MAX
₱500,000.00
MID
₱400,000.00
MarketMin
₱300,000.00
MarketMax
₱200,000.00
MarketMid
₱100,000.00
NewMin
₱0.00
1 2 3 4 5 NewMax
NewMid

d. Decision
MarketMin MarketMax MarketMid NewMin NewMax NewMid %
1 A - Executive ₱234,000.00 ₱380,000.00 ₱307,000.00 ₱240,000.00 ₱540,000.00 ₱390,000.00 20%
2 B - Manager ₱75,250.00 ₱146,666.67 ₱110,958.33 ₱80,000.00 ₱110,000.00 ₱95,000.00
3 C - Supervisor ₱42,000.00 ₱56,250.00 ₱49,125.00 ₱60,000.00 ₱70,000.00 ₱65,000.00
4 D - Officer ₱25,750.00 ₱37,500.00 ₱31,625.00 ₱40,000.00 ₱55,000.00 ₱47,500.00
5 E - Admin ₱14,000.00 ₱25,000.00 ₱19,500.00 ₱17,000.00 ₱30,000.00 ₱23,500.00

e. Business Case
Based on the market data gathered, the compensation of those belonging to the executive
salary bracket will be increased by 20% in order to be above the market like all the other
job levels. The rest of the levels will remain the same until the annual, across-the-board
increase in compensation is done at the end of the year.

II. Benefits
a. Type of Benefit
i. Medical Insurance
ii. Clothing Allowance
iii. Educational Assistance
iv. Health-Related Reimbursement
v. Food Allowance
vi. Life Insurance
vii. Transportation Allowance

b. Market Data
Market Data Benefits 1 2 3 4 5 Market Data
Medical Insurance 1 1 1 1 1 100.00%
Clothing Allowance 1 1 1 1 1 100.00%
 Parental Leave 1 0 0 1 0 40.00%
Bereavement Leave 1 0 0 1 0 40.00%
Educational Assistance 1 1 1 0 1 80.00%
Health-Related Reimbursement 1 1 1 1 1 100.00%
Maternity Leave 1 0 0 0 1 40.00%
Paternity Leave 1 0 0 0 0 20.00%
Rice/Food Allowance 1 1 1 1 1 100.00%
Employee Discount 1 1 0 1 1 80.00%
Travel Perks 1 0 1 0 1 60.00%
14th Month Pay 1 0 1 1 1 80.00%
Life Insurance 1 1 1 1 1 100.00%
Total Permanent Disability 0 1 0 0 0 20.00%
Retirement 1 0 1 1 1 80.00%
Housing Allowance 1 0 0 1 1 60.00%
Mobile Allowance 1 0 1 1 0 60.00%
Perfect Attendance Benefit 1 1 1 0 1 80.00%
Transportation Allowance 1 1 1 1 1 100.00%

c. Decision
Based on the market data presented above, the following benefits will be added to the
benefits package of the employees:
i. Parental Leave
ii. Bereavement Leave
iii. Educational Assistance
iv. Maternity Leave
v. Paternity Leave
vi. Retirement
vii. Mobile Allowance
viii. Perfect Attendance Benefit

d. Business Case