Professional Documents
Culture Documents
PGP11039 10
PGP11039 10
7. Implementation plan
2) Compensation policy
In the compensation policy, instead of decreasing the premium amount over consecutive
years, they should give rise in it according to their performance compared to the past year.
Remove the policy of increasing the compensation only for top performers. Also, this
process for individual employees make confidential like how much compensation they are
given. After implementing the policy for some duration, they can take the feedback of the
employees regarding it and what they are expecting to improve the policy.