6 raises and below average performers received 13 raise I COMPENSATION PACKAGE

6 raises and below average performers received 13

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performers got 2.6% raises and below average performers received 1.3% raise: I. COMPENSATION PACKAGE a. Salary a.I. $95,250 Annually b. Annual Raise b.I. 1-5% of salary II. BENEFITS PACKAGE a. Company Paid Benefits include: a.I. Medical a.II. Dental a.III. Vision a.IV. Long Term Disability a.V. Short Term Disability
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Week 8 Assignment 2: Creating Your Dream Job 5 a.VI. Life Insurance a.VII. Tuition Reimbursement b. OTHER BENEIFTS b.I. Company provided vehicle b.II. Company provided cellphone b.III. Pension b.IV. $3,500 Annual out of pocket medical expense allowance b.V. Paid Vacation b.VI. Paid Sick Leave The performance appraisal focal areas will be based on three areas: b.VI.1. Completion of Yearly Goals b.VI.2. Quality of Work b.VI.3. Adherence to Policy, and; b.VI.4. Knowledge of Job Responsibilities. The performance appraisal will be rated from 1 to 5 and calculated in a total number which will represent the percentage of annual raise. The performance appraisals will be orchestrated annually on quarterly bases. The use of a behaviorally anchored rating scale (BARS) would identify performance measures, set certain guidelines, gain feedback and evaluation schedule. The consideration in developing and utilizing BARS is discussed in the textbook (Griffin, 2014). III. Performance Appraisal
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Week 8 Assignment 2: Creating Your Dream Job 6 a. Rating and Description a.I. Unacceptable - performance does not meet agreed requirements and are below acceptable standards. a.II. Improvement needed - performance does not consistently meet agreed requirements, improvement in some specific areas is necessary.
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