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Individual contingent Pay

Individual contingent Pay Performance related Pay Competence related Pay Contribution related Pay Skill based Pay Service related Pay .

This reward proportion/percentage decelerate as the employee jumps up the salary bracket and performance notion. .Individual contingent Pay Performance related Pay : Individual receive financial reward in form of increased base pay or bonus attached to an pre-agreed performance.

Individual contingent Pay Performance related Pay : Position in pay range Rating 80-90% 91-100% 101-110 % 111 % + Excellent 12 % 10 % 8% 6% Very Effective 10% 8% 6% 4% Effective 6% 4% 3% 0% Developing 4% 3% 0% 0% Ineligible 0% 0% 0% 0% % pay increase according to performance rating and position in pay range .

Individual contingent Pay Performance related Pay : Pay range ( 100.000) Rating 80-90% 91-100% 101-110 % 111 % + 105 K 120K 130 K 137 K + Excellent 12 % 10 % 8% 6% Very Effective 10% 8% 6% 4% Effective 6% 4% 3% 0% Developing 4% 3% 0% 0% Ineligible 0% 0% 0% 0% % pay increase according to performance rating and position in pay range .150.000 -----.

Individual contingent Pay Competence related Pay Individual receives financial reward in form of increased base pay or bonus attached to the level of competence demonstrated. . It is widely/mainly concern with professional and managerial level people. This reward proportion/percentage decelerate as the employee jumps up the competence level.

Competence related Pay Competence level Individual contingent Pay Position in pay range 80-90% 91-100% 101-110 % 111 % + Master Trainer 12 % 10 % 8% 6% Expert 10% 8% 6% 4% Mid level 6% 4% 3% 0% Novice 4% 3% 0% 0% Nil 0% 0% 0% 0% % pay increase according to competence level and position in pay range .

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Individual contingent Pay .Contribution related Pay Individual receives financial reward in form of increased base pay or bonus attached to the level of competence demonstrated and the outcome of the work achieved.

Contribution related Pay Perfor. Rating Individual contingent Pay Competence Level Mid Level Expert Master Trainer outclass Excellent 12 % 10 % 8% 6% Very Effective 10% 8% 6% 4% Effective 6% 4% 3% 0% Developing 4% 3% 0% 0% Ineligible 0% 0% 0% 0% % pay increase according to contribution rating and position in pay range .

Skill based Pay Individual contingent Pay Individual receives financial reward in form of increased base pay or bonus attached to the skill or skills bunch acquired and utilized for his/her job. . This method is expensive to introduce and maintain and requires expert skill analysis. It is widely/mainly concern with technicians and workers in the manufacturing field .

Individual contingent Pay Skill based Pay 13-18% 9-12% 6-8 % Sr.MA • Treatment procedures • Medical history taking MA • Billing • Handling communication Jr.MA • Patient greeting • Phone etiquette Medical Assistant ( MA) Skills .

Creates loyalty in the employee.Service related Pay Individual contingent Pay Individual receives fixed periodic increments/reward attached to continued service either in a job or grade. This method is traditional. In it every one is treated equally. ( Time Bound) A MERIT BAR limits the increments/rewards when a certain level is achieved. .

Service related Pay Individual contingent Pay .