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CREATING MY DREAM JOB 6well as coverage for long-term and or short-term disability insurance (Bergmann & Scarpello,2010).Compensation DesignComponentWageHourly rate $20.00/hourWages $20.00/hourOvertime $30.00/hourTips $10.00/serviceYearly rate Varies based on an hourly rate, overtime, and tips.Salary $41,600/yearly (does not include overtime and tips).Benefits Bonus $8,320/yearCommission 15% of sales of services and products and 50% of offsite work. Health benefits50% of the premiums.In the draft of the compensation program, overtime is calculated based on 1.5% of thehourly wage and tips are calculated based on 2.5% of the hourly wage. The gratuity, however,is not compulsory, and the rate is not standardized but instead depends on the amount the client is willing to pay. The bonus is paid once the employee and the company achieve set target goals. The bonus is calculated at 20% of the annual salary. The retirement benefit
CREATING MY DREAM JOB 7contributed by the employer is based on company matching the personal contribution of the worker by 50%. In this case, the employee pledges to contribute 6% percent of the salary and the employer, therefore, has to contribute 3% of the salary. The contribution of health benefitsby the company covers 50% of the premium costs that the employee has taken. The commission on services rendered and goods sold is meant to encourage the esthetician to work extra hard and provide quality services to retain customers. The 50% commission for work done offsite is to promote the esthetician’s independence and build clientele. The offsite esthetician will also be in a new environment, which can initially be unsettling or even uncomfortable. The compensation package design is based on research of the average amount estheticians earn in the United States. Other payments such as tips and overtime are based on standard practices within the esthetics industry. The health and retirement benefits researched are popular with most employers. The salary also takes into account growth that the profession is facing in the spa industry, recording a 4.5% larger growth than US economy. The Bureau of Labor Statistics also reported an expected growth ofesthetics jobs by 40% (Ooe et al. 2010). In the event an organization has space for only one esthetician, a performance appraisal program can assist in evaluating the importance and value that the chosen esthetician would bring to the organization. The performance assessment, in this case, is conducted once a year to review and observe the performance of the esthetician within that period. The program also includes an organizational level performance appraisal. In the organizational level performance appraisal, an evaluation is completed to determine the performance of the organization within the period as related to company goals and objectives and in comparison to resources that the company utilized to achieve growth. Industrial performance is compared to the enterprise’s growth. At this level, collective and group effortsare analyzed (Wendt & Miller, 2012).
CREATING MY DREAM JOB 8The next category of performance appraisal is the individual level. Individual level