Free Sample Management Compensation Plan Policy
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Sample Management Compensation Plan Policy


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Management Compensation Plan

Management salaries shall be determined by Management Compensation Plan.

PROCEDURE

Newly hired management staff will have their salaries allocated to minimum of the pay range of their title unless a higher rate is warranted.  A higher rate would be warranted in cases where the incumbent has previous, relevant experience and/or if recruiting for the position is difficult and a higher salary is required to attract a qualified applicant.

Salary increases based on performance shall be made on the employee's anniversary date in accordance with the terms and conditions of the Management Compensation Plan.

No employee shall be paid below the minimum or above the maximum of the range for his or her classification, except in extenuating circumstances such as, but not limited to, demotion or market factors.


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