COMPENSATION PLAN

A compensation plan refers to the components of a compensation package (wages, salaries, and
benefits), the manner in which it will be paid, and for what purpose employees receive bonuses, salary
increases, and incentives. Compensation plans are the carrot that company management uses to
motivate its employees.

SALARY RANGE (Increase as a % of

salary)
PERFORMANCE RATING High Middle Low

Exceeds Expectation 5% 4% 3%

Meets Expectation 4% 3% 2%

Nearly meets expectation 2% 1% 0%

HUMAN RESOURCE PROGRAM

A human resource program is a valuable way to gain the necessary skills and knowledge for
managing human capital. It offers a key competitive advantage for companies and business
organizations and also focused on developing and implementing successful learning strategies.

Identify the needed to

training to help
employees align with the
expected performance
of the business

Make an atleast twice

or thrice a week
training for employees
for improvements and
better service.

Present the strategies and

tactics employees / workers
need to learn and
encourage demonstration
of behavior at work