20-114 20-114 . . . Long Term Compensation Plan under which the Compensation Committee determines which key employees are eligible to participate and sets target cash compensation for each participant. which is based upon pre-established objective performance goals that use one or more business criteria including: average return on equity, average return on invested capital, pre-tax income and target business mix. A different formula is used for each group of employees such as key home office employees and key field employees
Guam Long Term Compensation Plan of Pulte Corp.
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How to fill out Long Term Compensation Plan Of Pulte Corp.?
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A compensation plan (also known as a comp plan) is a set of guidelines for employees' salaries, bonuses, and equity. It gives current and prospective employees a clear view of their employment package?which gives your company an advantage as you're hiring.
Let's dive into the seven most common compensation plan types. Base salary. ... Base salary + sales commission-based pay. ... Commission only. ... 'Draw against' plan. ... Tiered commissions. ... Straight-line commission. ... Gross profit margin.
Three major compensation types: direct, indirect, and non-monetary compensation. Assess budgets, priorities, goals, and employee locations before determining the right compensation strategy.
Effective compensation plans focus on motivating salespeople to meet both tactical and strategic company needs: profit, growth, market share, volume, etc. 3. Effective compensation plans are tied to measurable criteria that accurately match the critical sales success factors for the company.
For example, the employer may offer health insurance, dental insurance, life insurance, short- and long-term disability insurance and vision insurance. Employee retirement plans, like 401(k) plans, are another common form of indirect compensation. Equity-based programs are another compensation offering.