Compensation Scheme PowerPoint Presentation Slides
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The document outlines a compensation scheme detailing various compensation structures, including base pay, bonuses, and performance-based incentives. It discusses different types of pay plans, such as salary, commission, and pay-for-performance, as well as the assessment parameters for employee performance evaluations. Additionally, it emphasizes the importance of selecting payroll software to implement the compensation strategy effectively.
Compensation Scheme PowerPoint Presentation Slides
- 2. Compensation Breakup Total Rewards Compensation • Base Pay • Wages • Salaries • Variables Pay • Bonuses • Incentives Benefits • Health / Medical Insurance • Life/ disability Insurance • Paid time off • Retirement • Educational assistance • Work-life Support Performance & Talent Management • Performance appraisals • Goal Setting • Training • Human resource development • Career & succession Planning 2
- 3. Straight Salary With this type of structure, you’d pay your sales people a straight competitive salary like all of your other employees, & nothing else Salary plus Commission Most commonly plan used. They’re structured in a way that sales people receive a lower base salary along with commission pay that makes up the majority of the total compensation Commission Only Commission only sales compensation plans are exactly what they sound like—you pay your sales people for the sales they bring in & nothing else. There is no guarantee of income. Territory Volume Territory volume sales compensation plans are most often used in team-based corporate cultures. They work through the calculation of territory volume at the end a compensation period. Different types of Compensation Plan 3
- 4. Pay-For-Performance Comparison Table Where It Would Work Pay-for-Performance Concept Where It Wouldn’t Work Most any salary-based company Check out how to do performance reviews in our guide Annual Performance Bonus based on Performance Reviews Hourly companies like cafes, restaurants, or retail stores, where turnover is high Companies where all sales tend to be a similar amount or have a similar profit margin, like a lead generation company Set Dollar Amount for Each Sale, Appointment Set, etc. Companies where sales and the profit per sale can span a wide range; companies where sales are unstable Companies where sales and the profit per sale can span a wide range Set Percentage Amount for Each Sale/Client Account Companies where sales reps do not have the same opportunities - i.e. certain reps get much larger accounts than others Hourly companies like cafes, restaurants, or retail stores, where turnover is high Monthly or Weekly Bonus Contests Salary-based companies This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 4
- 5. Management Pay for Performance Add Text Here Communicate the Plan Add Text Here External Assessment Market Analysis Add Text Here Base Pay Structure Add Text Here Internal Assessment Job Analysis Add Text Here Job Evaluation Add Text Here Pay Policy Add Text Here Building a Compensation Plan This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 5
- 6. 1 2 3 4 Competitor 1 Your Text Here Your Text Here Your Text Here Your Text Here Competitor 2 Your Text Here Your Text Here Your Text Here Your Text Here Competitor 3 Your Text Here Your Text Here Your Text Here Your Text Here Competitor 4 Your Text Here Your Text Here Your Text Here Your Text Here Competitor 5 Your Text Here Your Text Here Your Text Here Your Text Here Job Profile CompetitorsPayPlan 6
- 7. Performance Based Appraisal Parameters $xx, 000 Pay Mix (Base/Variable 65/35 $xx,000 Annual Target Incentive $xx,000 Qualified Leads Lead Closed 80% 20% Rate Rate None None Monthly Annual Monthly Monthly On-Target Earnings Payout Frequency Performance Period Cap Plan Mechanic Component Weight Plan Components Base Salary This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 7
- 8. Choose Your Payroll Software Once you have your compensation strategy set, it’s time to make sure you have the systems in place to successfully implement that strategy. You will need to set up several components, including state and federal tax forms and workers compensation coverage Below is the list of possible payroll software which can be used by our company Software 1 Software 2 Software 3 Software 4 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 8
- 9. Performance Evaluation Parameters 1. General Quality of Work 5 4 3 2 1 2. Dependability 5 4 3 2 1 3. Job Knowledge 5 4 3 2 1 4. Communication Skills 5 4 3 2 1 5. Personality 5 4 3 2 1 6. Management Ability 5 4 3 2 1 7. Contribution to Group 5 4 3 2 1 8. Productivity 5 4 3 2 1 9. Achievement of Goals 5 4 3 2 1 10. Other: 5 4 3 2 1 5 4 3 2 1 Excellent Very Good Good Fair Poor Evaluation Item Service Rating This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 9
- 10. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. What are Employees pain points This slide is 100% editable. Adapt it to your needs and capture your audience's attention. What are Employees key strength areas This slide is 100% editable. Adapt it to your needs and capture your audience's attention. What are the improvement areas This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Employee Performance Summary 10
- 11. What are the important accomplishments over the past year? This slide is 100% editable. Adapt it to your needs and capture your audience's attention. What are your supervisors key strengths & weaknesses? This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Other concerns you would like to discuss? This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Employee Feedback 11
- 12. Compensation Scheme Icon Slide 12
- 13. Compensation Scheme Icon Slide Cont.….. 13
- 14. Coffee Break We’ll Come Back After 15 Minutes This icon is for display purposes only and is completely editable. You can replace this with any other icon from the www.slideteam.net icons section. 14
- 16. 0 10 20 30 40 50 60 70 80 90 100 DecNovOctSepAugJulJunMayAprMarFebJan SalesinPercentage(%) Financial Year 2018 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 02 Area Chart 16
- 17. 06-07-2014 06-07-2015 06-07-2016 06-07-2017 06-07-2018 06-07-2019 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 02 Radar Chart 17
- 18. 12 10 30 50 48 43 25 23 0 10 20 30 40 50 60 $0 $10 $20 $30 $40 $50 SalesinPercentage(%) This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 02 Bubble Chart 18
- 20. Vision This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Mission This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Goal This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Mission 20
- 21. Anita CEO This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Mary Parker Web Designer This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Jenny Carter Product Manager This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Jasmin Clark Marketing This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Team 21
- 22. About us Target Audiences This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Preferred by Many This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Values Client This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 22
- 23. Comparison 70% 80%45%20% This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Facebook This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Twitter This slide is 100% editable. Adapt it to your needs and capture your audience's attention. LinkedIn This slide is 100% editable. Adapt it to your needs and capture your audience's attention. You Tube 23
- 24. Financial This is a representative image, and should be replaced by your own image. Just right click and replace image. Minimum This is a representative image, and should be replaced by your own image. Just right click and replace image. Medium This is a representative image, and should be replaced by your own image. Just right click and replace image. Maximum 45% 75% 95% 24
- 25. …Mother Teresa Not all of us can do great things. But we can do small things with great love. Quotes 25
- 26. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here 2015 2016 2018 2019 2017 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here Timeline 26
- 27. This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Target 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Target 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Target 03 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Target 04 Our Main Target 27
- 28. Mind Map Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Mind Map 28
- 29. Text Here Text Here Text Here Text Here • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. • This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Venn 29
- 30. Address: # Street number, city, state Contact Numbers: 0123456789 Email Address: emailaddress123@gmail.com Thank You 30