Compensation Strategy Template

Job Family: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Total Compensation Level: Match? $\_\_\_\_\_$ Lead? $\_\_\_\_$ Lag? $\_\_\_\_$

Compensation Component Projected Proportion of Total Compensation

$1.$ Base Pay

a$.$ Job evaluation $\%$

b$.$ Market pricing $\%$

c$.$ Pay for knowledge $\%$

$2.$ Performance Pay

a$.$ Individual performance pay

i$.$ Piece rate $\%$

ii$.$ Commissions $\%$

iii. Merit bonuses $\%$

iv$.$ Special incentives $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\%$

b$.$ Group performance pay

i$.$ Gain sharing $\%$

ii$.$ Goal sharing $\%$

iii. Other group pay $\%$

c$.$ Organization performance pay

i$.$ Profit sharing $\%$

ii$.$ Stock plan $\%$

iii. Other organization pay $\%$

$3.$ Indirect pay

a$.$ Mandatory benefits $\%$

b$.$ Retirement income $($pension plan$)\%$

c$.$ Health benefits $\%$

d$.$ Paid time$-$off $\%$

e$.$ Employee services $\%$

f$.$ Other benefits $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\%$

g$.$ Other benefits $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\%$

Total $100\%$