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"MERIT ,"  GROUP AND OTHER INCENTIVE  PAY PLANS
CLICK HERE TO READ A COMPLETE DESCRIPTION OF THIS MANUAL
A comprehensive manual
authored By: Gene Levine, Gene Levine Associates
Management Advisors - Since 1965

TABLE OF CONTENTS

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plusign.gif (60 bytes)CHAPTER I

DISCUSSION OF WAGE INCENTIVE PLANS

plusign.gif (60 bytes)CHAPTER II

INSTALLING AND MAINTAINING INCENTIVE SYSTEMS

plusign.gif (60 bytes)CHAPTER III

COMPARISON OF INDIVIDUAL VERSUS GROUP INCENTIVE PLANS

plusign.gif (60 bytes)CHAPTER IV

MERIT PAY

minusign.gif (58 bytes)CHAPTER V

EXAMPLE MERIT BONUS PLAN INCLUDING
POTENTIAL YEAR END BONUS

EXAMPLE LETTER FROM COMPANY PRESIDENT TO EMPLOYEES UNDER THE PLAN

MONTHLY INDIVIDUAL MERIT BONUS

MONTHLY "MERIT"ä  BONUS DISTRIBUTION TALLY SHEET

POLICIES REGARDING MONTHLY "MERIT"ä  BONUS LINE ITEMS

GROUP YEAR END BONUS

A.     SUMMARY OF GROUP YEAR END BONUS PLAN

1. Purpose

2. Definitions

C.     OVERVIEW OF HOW PLAN WORKS

D.     EXAMPLES

1.     Calculation Examples (using payroll as the example)

2.     Calculating Bonuses and/or Losses

a. Example of A Year Where a Bonus is Paid

b. What Happens if There is A Loss For The Year?

3.     Goals of Plan

a.     Budgeted Direct Labor Percentage

b.     Quality Assurance

c.     Work in Process Time

E.     PRODUCTION AND SUGGESTION SCREENING COMMITTEE

1.     Necessary Committees to Evaluate Associate’s Ideas

a. Production Committee:

b. Screening Committee:

2.     Sample Suggestions

YEAR END GROUP BONUS DISTRIBUTION TALLY SHEET

POLICIES REGARDING YEAR END GROUP BONUS
LINE ITEMS

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