Compensations

Team 10

Dominik Pieniak

Jean-Olivier Pilon

Agenda

• Why compensation?

• Compensation policies,

• Benefits,

• Payment structure,

• Compensations by positions.

Why compensation?

• To reward employees’ past performance,• To remain competitive in the labor market,• To maintain salary equity among employees,• To motivate employees’ future performance,• To maintain the budget,• To attract new employees,• To reduce unnecessary turnover.

Compensation policies

• Pay equity : Equity between compensation and performance,

• Pay Expectancy: Employees know that good performance will be valued by the company,

• Follow the Fair Labor Standards Act,• Compensations based on the living cost,• Compensations adjustments depending on

inflation.

Compensation policies (cont.)

• We pay slightly better then competitors (annual wage for similar position),

• Recognize and encourage company loyalty,

• Work together with every employee to establish objectives and compensations,

• Large benefits program.

Benefits

• Social Security Insurance Unemployment Insurance Workers' Compensation Insurance,

• Health Care Benefits,

• Vacations with Pay ,

• Paid Holidays,

• Life Insurance,

Benefits (cont.)

• Retirement Programs,

• Counseling Services,

• Child Care (special program for expatriates and travelers),

• Food Services (Russia),

• Housing and Moving Expenses (for expatriates),

• Awards.

Payment structure

Commission and bonus based

Salary based

CEO

National Director

FM

Top

Middle

FA’s

CEO

• Salary: 250 000 €

• Commissions: 0 €

• Benefits: Car and driver, travel expenses, expenses account, shares options, personal assistant (for all kind of needs),

• Bonus: To be negotiated with HQ London, based on objectives (growth, sales, profitability, brand value…)

Top management in HQ

• Salary: 150 000€

• Commissions:0%

• Benefits: Car, travel expenses, expenses account, share options

• Bonus: To be negotiated with CEO

National directors

• Salary: 75 000€ (transfer to local living cost)

• Commissions: 0,5%-1% of profit

• Benefits: Car, travel expenses, expenses account, share options

• Bonus: To be negotiated with CEO

Middle management

• Salary: 75 000€

• Commissions: 0€

• Benefits: travel expenses, expenses account

• Bonus: To be negotiated with National Directors

Facility Managers

• Salary: 75 000€

• Commissions: 2-5% of profit of his real estate

• Benefits: Car

• Bonus: To be negotiated with National Directors

Facility Assistants

• Salary: 45 000€

• Commissions: 0%

• Benefits: No specific benefits

• Bonus: To be negotiated with Facility Manager.

Kiitos !!

Questions?