Compensation management

Job evaluations:
Job title ______________

Responsible to____________________

Location________________________

Evaluated by______________________

Date of evaluations____________________

Evaluation:

Factor

Responsibility for end results

Job knowledge

Problem solving and decision making

Organizing and planning

GRADE:
GRADEING DESIGNATION PAY MONTHLY
LEVELS MINIMUM/MAXIMUM
A Cleaning&supervion 8,000 12,000
B SECURITY OFFICERS 10,000 15,000
C SALES MEN 20,000 25,000
D Junior officers 25,000 30,000
E ADMINSTRITIVE 30,000 40,000
OFFICERS

F MANGERS 45,000 65,000

G MANAGING 70,000 1,00000

DIRECTOR
Salary structure
Medical benefits:
Medical benefits are insured by insurance company and company will pay monthly to insurance
company on behave of employee.

Indemnity Health Insurance Plans

Indemnity plans allow members to direct their own health care and
generally visit any doctor or hospital. The company then pays a set
portion of the total charges. Employees may be required to pay for some
services up front and then apply to the company for reimbursement

Top management: medical free

Middle management;70 percent free

Lower management:50 percent free

Advance salary:
In case of emergency application apply by the employee and basic events like eids, the advance salary is
given 50 percent of the month salary.
1. The employee may not request or receive more than one salary advance within a 12
month period;
 2. The employee may not request or receive salary advances in consecutive pay
periods, even if the consecutive pay periods cross a calendar year;

3. The amount of salary advanced may not exceed the amount of salary due to the
employee at the time funds are advanced.

Repayment policy

Deduction of 30 percent salary of employee every month when the advance is not
complete.

Annual bonus:
Mission bonus
Task bonuses are given to a team of employees for achieving a milestone or for completing an important
project.

Individual bonuses
 Individual bonuses may be best for incentivizing employees to reach individual
targets, such as sales targets

Who is eligible for bonus

All regular full-time or part-time employees1 will be eligible to receive a bonus

80 percent individual performance bonus.

18 percent department wise bonus.

2percent bonus on the employee of the company who serving from last 3 years.

Employee old age benefit:

It is insured by government of Pakistan every old age employee pay 1 percent of salary every month. On
the day of retirement government give reward to employee on the behave of company.
Under EOB Scheme, Insured Persons are entitled to avail benefit like, Old-Age
Pension (on the event of retirement), Invalidity Pension (In case of permanent
disability), Old-Age Grant (an Insured Person attained superannuation age, but
does not posses the minimum threshold for pension) Survivor's Pension (in case an
Insured Person is expired
Pension rates
Minimum Rs. 5,250

Requirements

Minimum 49 years

Provident fund:
The company will deducted 5 percent of salary of every employee and 5 percent given by company t0
every employee on the end of their jobs .provident fund will be receive in two types first is who leave
the job application form apply for provident fund will be receive after 6 months when he or she apply.
And who complete their jobs on the day of retirement when he or she apply provident fund will be
receive within 1 month.

Retirement benefits:

This is private company, the company will give provident fund to retire person.

And 5marla house on retirement on age of 50.and special bonus amount to give on retirement 5lac.

Mobile telephone facility:

 The mobile telephone facility is only give to the marketing department.in which
company give mobiles to the employees.

Nokia630 balance no limit

Vehicle and fuel:

The company will give cars to director and all managers and marketing department
.bikes also given to marketing department and 50 liter petrol for personal use and100 liter petrol for
company use.

Director honda civic 1.5cc 100liter petrol

Managers cultus 1000cc 80liter

Sales mens bike 70cc 30liter

Group life insurance:

Employees who are interested in group life insurance pay 5% of their pay every month and company will
ensured through insurance company.

Group life insurance is incase of death of employee amount given to his family.