Human Resource Management Compensation Essay Example | Topics and Well Written Essays - 1250 words

Human Resource Management Compensation - Essay Example All other benefits offered are standard as per our company policy. Since he is currently in Austin, Texas, I have factored him a Relocation Allowance for the move. Designs, develops, and tests all aspects of electrical components, equipment, and machinery. May use computer-assisted engineering and design software and equipment to perform assignments. Applies principles and techniques of electrical engineering to accomplish goals. Requires a bachelor's degree in engineering and 4-6 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Performs a variety of complicated tasks. May report to an executive or a manager. A wide degree of creativity and latitude is expected. Performance Bonus is paid in addition to your base salary. The Performance Bonus provides an annual lump sum payment based on yearly business results and individual contributions. By linking earnings to individual, team, and company results, the Performance Bonus "pays for performance." Employee Stock Purchase Plan: Employees have the option of purchasing company stock at a discounted rate of 6% of the market price as on the date of purchase. Stock is purchased through convenient payroll deductions, to a maximum of 10% of an employee's salary. Bi-weekly contributions will be made... Electrical Engineer III Designs, develops, and tests all aspects of electrical components, equipment, and machinery. May use computer-assisted engineering and design software and equipment to perform assignments. Applies principles and techniques of electrical engineering to accomplish goals. Requires a bachelor's degree in engineering and 4-6 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Performs a variety of complicated tasks. May report to an executive or a manager. A wide degree of creativity and latitude is expected. Source: Salary.com Compensation package Base Salary: Base salary is the compensation that employees are paid bi-weekly. Your base salary will be $85,460 comparable with industry standards for similar positions. Incentive plan: Merit pay plan: This will provide increases to the base salary based on your performance rating and contributions to the success of the projects undertaken. Performance Bonus: Performance Bonus is paid in addition to your base salary. The Performance Bonus provides an annual lump sum payment based on yearly business results and individual contributions. By linking earnings to individual, team, and company results, the Performance Bonus "pays for performance." Stock Plan: Employee Stock Purchase Plan: Employees have the option of purchasing company stock at a discounted rate of 6% of the market price as on the date of purchase. Stock is purchased through convenient payroll deductions, to a maximum of 10% of an employee's salary. Benefit plan Pension Plan: Bi-weekly contributions will be made to the individual's account based on earnings and years of