Compensation¶
Pay structures, benefits, bonus plans, and compensation philosophy.
Overview¶
Compensation strategy and structures—highly confidential information that should not be shared with all employees.
Pay Structures¶
Wage Bands¶
- Retail associate pay range
- Management pay range
- Specialized roles
- Geographic adjustments
Hourly vs. Salary¶
- Classification criteria (FLSA)
- Overtime eligibility
- Salary thresholds
Compensation Philosophy¶
Market Positioning¶
- Target percentile (25th, 50th, 75th)
- Local market considerations
- Competitive analysis
- Total compensation approach
Pay Equity¶
- Internal equity
- Equal pay for equal work
- Pay transparency approach
Benefits¶
Core Benefits¶
- Health insurance (if offered)
- Retirement plans
- Paid time off
- Employee discounts
Cost Structure¶
- Employer cost
- Employee cost
- Benefits budget
Incentive Plans¶
Bonus Programs¶
- Performance bonus structure
- Profit sharing (if applicable)
- Sales incentives
- Eligibility criteria
Equity/Ownership¶
- Equity grants (if applicable)
- Vesting schedules
- Strike prices
Raises & Reviews¶
Review Cycle¶
- Annual review timing
- Performance evaluation process
- Merit increase budget
- Promotion criteria
Cost of Living Adjustments¶
- COLA policy
- Timing and frequency
- Calculation method
Related¶
- See
50_people/hiring/for offer ranges - See
50_people/records/for individual compensation agreements - See
20_finance/projections/for compensation budget forecasts