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Compensation

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Compensation Luis A Galloza University of Phoenix Human Capital Management in Puerto Rico HRM/571 PR December 21, 2011 Marta Angeli Rivera, PH-D.

Compensation Compensation is everything the employee values and want and what the employer is able to offer in return for the contributions of the employee (Cascio 2006). This compensation system is composed of financial and non-financial incentives. Financial compensation are direct payments (wages) and indirect payments (benefits). Non-financial company, recognition, training programmes, decisions etc. involve everything in the work environment that helps increase your self esteem and respect of his teammates (Cascio 2006) Sales force compensation plan is based on statistics and research of the post for a competitive wage mechanism for employees.
To structure a fair compensation system and maintain a staff with experience will implement a system of payment in stages:
1. Recent employees up two years, annual salary is $24,000
2 Two to five years, annual wage of $28,000.
3. From five to eight years annual salary of $34,000
4. Eight years or more wage of $38,000 annual.
Sales Manager Sales managers will receive a basic salary of $55,000 per year. I was conditional on granting a 3% Commission of sales if the sales target is achieved by quarter and an additional 2% if met the objectives of the year. In addition to base salary will be offered an incentive of commission on sales which would be based on 5% of the total monthly sales, this percentage may vary based on the execution, performance and years of service in the company. Commissions will also be offered by quarterly sales achieved by the sales team, which will be up to 3% depending on the goals assigned to each Department.
Among other non-financial benefits will offer:
-medical insurance
-20 day’s of vacation per...

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