Individual contingent Pay

Individual contingent Pay

Performance related Pay

Competence related Pay
Contribution related Pay
Skill based Pay
Service related Pay

Individual contingent Pay

Performance related Pay :
Individual receive financial reward in form of increased base
pay or bonus attached to an pre-agreed performance.
This reward proportion/percentage decelerate as the employee
jumps up the salary bracket and performance notion.

Individual contingent Pay

Performance related Pay :

Position in pay range
Rating

80-90%

91-100%

101-110 %

111 % +

Excellent

12 %

10 %

8%

6%

Very
Effective

10%

8%

6%

4%

Effective

6%

4%

3%

0%

Developing

4%

3%

0%

0%

Ineligible

0%

0%

0%

0%

% pay increase according to performance rating and position in pay range

Individual contingent Pay

Performance related Pay :

Pay range ( 100,000 ------ 150,000)

Rating

80-90%

91-100%

101-110 %

111 % +

105 K

120K

130 K

137 K +

Excellent

12 %

10 %

8%

6%

Very
Effective

10%

8%

6%

4%

Effective

6%

4%

3%

0%

Developing

4%

3%

0%

0%

Ineligible

0%

0%

0%

0%

% pay increase according to performance rating and position in pay range

Individual contingent Pay

Competence related Pay
Individual receives financial reward in form of increased base pay
or bonus attached to the level of competence demonstrated.
This reward proportion/percentage decelerate as the employee
jumps up the competence level.
It is widely/mainly concern with professional and managerial
level people.

Competence related Pay

Competence
level

Individual contingent Pay

Position in pay range

80-90%

91-100%

101-110 %

111 % +

Master
Trainer

12 %

10 %

8%

6%

Expert

10%

8%

6%

4%

Mid level

6%

4%

3%

0%

Novice

4%

3%

0%

0%

Nil

0%

0%

0%

0%

% pay increase according to competence level and position in pay range

Contribution related Pay

Individual
receives
financial reward in form
of increased base pay or
bonus attached to the
level of
competence
demonstrated and the
outcome of the work
achieved.

Individual contingent Pay

Contribution related Pay

Perfor.
Rating

Individual contingent Pay

Competence Level
Mid Level

Expert

Master Trainer

outclass

Excellent

12 %

10 %

8%

6%

Very
Effective

10%

8%

6%

4%

Effective

6%

4%

3%

0%

Developing

4%

3%

0%

0%

Ineligible

0%

0%

0%

0%

% pay increase according to contribution rating and position in pay range

Skill based Pay

Individual contingent Pay

Individual receives financial reward in form of increased base pay

or bonus attached to the skill or skills bunch acquired and utilized
for his/her job.
It is widely/mainly concern with technicians and workers in the
manufacturing field .
This method is expensive to introduce and maintain and requires
expert skill analysis.

Individual contingent Pay

Skill based Pay

13-18%

9-12%
6-8 %

Sr.MA

Treatment procedures
Medical history taking

MA

Billing
Handling
communication

Jr.MA

Patient greeting
Phone etiquette

Medical Assistant ( MA) Skills

Service related Pay

Individual contingent Pay

Individual receives fixed periodic increments/reward attached to continued

service either in a job or grade. ( Time Bound)
A MERIT BAR limits the increments/rewards when a certain level is achieved.
This method is traditional.
In it every one is treated equally.
Creates loyalty in the employee.

Service related Pay

Individual contingent Pay