User:Coolcab

Individual Performance based incentive
Individual performance is rated in a 5 band scale starting from Unsatisfactory to Exceptional, which is factored in a scale of 1 to 10

Company Performance is calculated on various factors which will be assessed by the Top Management and is in a scale of 1 to 3.

For example : an individual is rated for his performance in the 5 band scale and his corresponding incentive factor is 7.5. Company is rated 2.7 by the management. His incentive is worked as follows

7.5 x 2.7 = 20.25 /4 x Gross Annual Cost / 100

for example if his Gross Annual Cost is 400000 his quarterly incentive would be 5.06% on his Gross Annual Cost i.e. Rs.20240/-.

Does anyone knows better than this?