Premium Essay

Human Resources

In: Business and Management

Submitted By JennaB87
Words 407
Pages 2
Brandi Titkos
12/3/15
W5_A1
Prof. Hertz
Human Resource Management

Compensation & Benefit Plan

Chateaux is currently a small businesses with plans to grow and expand nationally and internationally. With that being said, we’ve planned a careful phase-in of employee benefits so that we can continue to attract and retain the talent needed for further growth and expansion. We plan to expand this employee benefits package in the future as resources allow.

Enclosed is a compensation and Benefits package prepared primarily toward full time employees. As seen below, full timers will reap quality benefits due to their extensive hours of contribution. We hope that this will set an incentive for part time team members to aspire and elevate in unison with our company. As you review this statement, you will see that we value each and every on of our employee’s benefits, the statement is designed to show how much your service is valued and appreciated by Chateaux.

Store Manager Base Pay $48,000 Annual Salary
Assistant Manager Pay $14.50 per hour
Visual Merchandiser Pay $13.00 per hour
Fulltime Stylist Pay $11.00 per hour 2% Commission
Part time Stylist $ 9.50 per hour + 2% Commission

The pay raise policy will be communicated to all employees and to all new hires during their orientation process. Raises will be based on a percentage basis of the yearly anniversary of the employee. In this way we are able to determine profitability and affordability. Raises should be within the budget and planned for. A Perform Development process will also be put in place that is not tied to raises. Base raises will be up to $1.00 per evaluation depending employee engagement and contribution to the success of the business.

Benefits & Estimate Total:

Holiday Bonus up to $ 100 yearly
Annual Bonus up to $ 1,200 yearly
Performance Bonus up to $ 900 yearly
Fun...

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