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Cost
Cutter #3
Pare
Payroll, Keep People
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Chimorel
has developed a unique compensation program designed to
reward motivated employees and eliminate slackers. It starts
with paying everyone the same basic wage and essential benefit
package. Each employee then establishes an expected pay
package that is essentially 10% below the standard in the
industry tied to goals that are essentially equal to or
slightly above standard in the industry. If they meet the
goals they receive the standard.
Then each employee
establishes a stretch/desired level of compensation. This
desired level of compensation focuses initially on benefits
and bonuses for achieving stretch goals. The stretch goals
are tied to company profitability and other measures intended
to assure that funds are available to pay the higher levels
of compensation. To compensate for the 10% below standard,
a program which enables employees to buy goods, services,
homes, cars, food and other items is structured to enable
each employee to save on the items they need/want to buy.
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