PERFORMANCE MANAGEMENT ACTIVITY $3($REWARDS MANAGEMENT ACTIVITY$)$

$3$A$.$ PAY AND SALARY STRUCTURES. Determine levels of pay for jobs and people in your company. $($your "company" refers to the same company in your Job Analysis and $JD$ worksheets$)$

$3$B$.$ Next you would research legitimate salary surveys to learn what other employees of similar revenue, industry, size, for profit$/$non$-$profit status pay $($and other factors deemed important$)$ for similar positions. Then you build your salary structure around this "market" rate.

$\backslash$table$[[$Grade$,\backslash$table$[[$Minimum$],[(67-80\%)]],\backslash$table$[[$Midpoint$],[(100\%)]],\backslash$table$[[$Maximum$],[(100-120\%)]]],[$Grade$,\backslash$table$[[$Inexperienced;$],[$New$]],\backslash$table$[[$Fully developed to$],[$do all aspects of$],[$the job;$],[$Fully competent$]],\backslash$table$[[$Additional$],[$responsibilities;$],[$Project work$]]],[1,,,],[2,,,],[3,,,],[4,,,],[5,,,]]$

Note! Shown here are $2$ samples of pay range. One with percentage and the other one is focus on paying performance. In the first example, each position on the scale and therefore each salary within the scale is referred to here as a percentage. Some companies call this percentage a compa$-$ratio $($Comparative Ratio$).$ It is the salary expressed as a percentage of the reference point, and therefore when it is calculated for one job or as an average for many jobs how far from the market you are paying people. Your Midpoint is the going rate for the job in the market. Remember, $100\%$ is usually the reference point or the market rate for the job ex$.$ The rate of pay for a fully competent individual performing all aspects of the job well.

$3$C$.$ PAYROLL. Create a payroll for your employee for the Months of November and December. Determine the amount of taxes to be withheld assuming the employee is single and claiming for one exemption. How much is the NET PAY? $($Here is a sample payslip. You may use it or create your own using EXCEL$)$

$\backslash$table$[[$Name of Employee:$],[$Employee ID Number:$],[$Rank$/$Grade:$],[$Basic Pay,,,$00\mathrm{.}00],[$Add$],[,$Overtime,$00\mathrm{.}00,],[,$Night Differential,$00\mathrm{.}00,],[,$Holiday Pay,$00\mathrm{.}00,],[$Gross Pay,$00\mathrm{.}00],[$Less$,$Tardiness,$00\mathrm{.}00,],[$Undertime$,00\mathrm{.}00,],[$Leave w$/$o Pay,$00\mathrm{.}00,],[$Adjustments$,00\mathrm{.}00,],[$SSS Dues,$00\mathrm{.}00,],[$Pag$-$ibig,$00\mathrm{.}00,],[$Philhealth$,00\mathrm{.}00,00\mathrm{.}00],[$Taxable Income,$00\mathrm{.}00],[$Less$,$Withholding tax,$00\mathrm{.}00,],[$SSS Loan,$00\mathrm{.}00,],[$Pag$-$ibig Loan,$00\mathrm{.}00,],[$Advances$,00\mathrm{.}00,],[$Union Dues,$00\mathrm{.}00,],[$Add$,,,]]$

$\backslash$table$[[,$Allowances,$00\mathrm{.}00,],[,$Commissions,$00\mathrm{.}00,00\mathrm{.}00],[$Net Pay,,$00\mathrm{.}00,]]$

$3$D$.$ BENEFITS. Itemize at least $3$ of your company$-$initiated benefits and categorize according to tangible and intangible. Include at least $2$ policy items for each.

$\backslash$table$[[$TANGIBLE BENEFITS,COMPANY POLICY$],[1.,1.],[,2.],[2.,1.],[3.,2.],[,1.],[1.,2.],[2.,1.]]$