Individual Contingent Pay

8/10/2019 Individual Contingent Pay

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Individual contingent Pay



Individual conti

Performance related PayCompetence related Pay

Contribution related Pay

Skill based Pay

Service related Pay



Individual conti

Performance related Pay :

Individual receive financial reward in form of increas

pay or bonus attached to an pre-agreed performa

This reward proportion/percentage decelerate as the e

jumps up the salary bracket and performance not



Individual contiPerformance related Pay :

% pay increase according to performance rating and position in pay

Rating

Excellent 12 % 10 % 8% 6%

Very 10% 8% 6% 4%

Effective

Effective 6% 4% 3% 0%

Developing 4% 3% 0% 0 %

Ineligible 0% 0% 0% 0%

Position in pay range

80-90% 91-100% 101-110 % 111



Individual contiPerformance related Pay :

% pay increase according to performance rating and position in pay

Rating

Excellent 12 % 10 % 8% 6%

Very 10% 8% 6% 4%

Effective




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

80-90% 91-100% 101-110 % 111

105 K 120K 130 K 137



Individual contiCompetence related Pay

Individual receives financial reward in form of increaseor bonus attached to the level of competence demon

This reward proportion/percentage decelerate as the e

jumps up the competence level.

It is widely/mainly concern with professional and ma

level people.



Individual conti

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

Competence

level

Master 12 % 10 % 8% 6%

Trainer

Expert 10% 8% 6% 4%

Mid level 6% 4% 3% 0%

Novice 4% 3% 0% 0 %

Nil 0% 0% 0% 0%

Position in pay range

80-90% 91-100% 101-110 % 111

Competence related Pay





Individual contiContribution related Pay

Individual receivesfinancial reward in form

of increased base pay or

bonus attached to the

level of competence

demonstrated and theoutcome of the work

achieved.



Individual conti

% pay increase according to contribution rating and position in pay

Perfor.

Rating

Excellent 12 % 10 % 8% 6%

Very 10% 8% 6% 4%

Effective




Competence Level

Mid Level Expert Master Trainer outc

Contribution related Pay



Individual contiSkill based Pay

Individual receives financial reward in form of increaseor bonus attached to the skill or skills bunch acquired a

for his/her job.

It is widely/mainly concern with technicians and work

manufacturing field .

This method is expensive to introduce and maintain an

expert skill analysis.



13-18%

9-12%

6-8 %

Individual contiSkill based Pay

Sr.MAMA

Jr.MA

•Treatment procedures

•Medical history taking

•Billing

•Handling

communication

•Patient greeting•Phone etiquette

Medical Assistant ( MA) Skills



Individual contiService related Pay

Individual receives fixed periodic increments/reward attached to

service either in a job or grade. ( Time Bound)

A MERIT BAR limits the increments/rewards when a certain level

This method is traditional.

In it every one is treated equally.

Creates loyalty in the employee.



Individual contiService related Pay

Documents

Individual Contingent Pay