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performers got 2.6% raises and below average performers received 1.3% raise: I.COMPENSATION PACKAGEa.Salarya.I.$95,250 Annuallyb.Annual Raiseb.I.1-5% of salaryII.BENEFITS PACKAGEa.Company Paid Benefits include:a.I.Medicala.II.Dentala.III.Visiona.IV.Long Term Disabilitya.V.Short Term Disability
Week 8 Assignment 2: Creating Your Dream Job 5a.VI.Life Insurancea.VII.Tuition Reimbursement b.OTHER BENEIFTSb.I.Company provided vehicleb.II.Company provided cellphoneb.III.Pensionb.IV.$3,500 Annual out of pocket medical expense allowanceb.V.Paid Vacationb.VI.Paid Sick LeaveThe performance appraisal focal areas will be based on three areas:b.VI.1.Completion of Yearly Goalsb.VI.2.Quality of Workb.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
Week 8 Assignment 2: Creating Your Dream Job 6a.Rating and Descriptiona.I.Unacceptable - performance does not meet agreed requirements and arebelow acceptable standards.a.II.Improvement needed - performance does not consistently meet agreedrequirements, improvement in some specific areas is necessary.