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New Pay Plan


Truett

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I need to change my pay plan for my Technicians from a hourly wage plus a commission on total ticket. This is what I am thinking about. Anyone have any comments?

Richard Rollins

Forgot to mention we currently are at about 35 to 40 % efficiency. 

Sorry so large but it was copy and paste.....

New Pay Plan

 

The new pay plan will be based on Technicians efficiency. The Technicians will no longer be getting a commission on sales but rather a Bonus based on the ability of the Technician to complete the job in the allotted times.

 

  1.  Less then 50 %                      0 % Bonus

  2.  50 % to 54.99 %                  10 % Bonus

  3.  55 % to 59.99 %                  20 % Bonus

  4.  60 % to 64.99 %                  30 % Bonus

  5.  65 % to 74.99 %                  40 % Bonus

  6. 75 % or greater                      50 % Bonus

     

    Also there is going to be a $100.00 Monthly Bonus for anyone staying above the 60% level for the entire month.

     

    Percentage amount is based on Hourly Wage.

    Percentage is figured on Flagged hours divided by Clock hours.

     

    Example:

     

    25 Flagged hours divided by 30 Clock hours would be a 83% Efficiency rate. This would be a 50% bonus.

     

    20 Flagged hours divided by 35 Clock hours would be a 57% Efficiency rate. This would be a 20% bonus.

     

    19 Flagged hours divided by 40 Clock hours would be a 48% Efficiency rate. This would not result in a bonus.

     

    Overtime would be figured as:

    ((Hourly Wage + bonus X 40) +

     ((1.5 X Hourly wage + bonus) X (hours over 40))).

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