Salary Administration

It is the policy of the Company to develop and implement a fair, consistent and competitive, with the industry of relevance, Compensation Program so as to attract, motivate and retain qualified employees. This program is specifically designed to compensate employees on the basis of their performance, consistent with the Company's business needs and financial capabilities.

The Company will administer its compensation programs without regard to race, religion, national origin, color, sex, age or disability. The Company will adhere to all federal and state and city laws and regulations regarding job classification, amount of pay, and equitable compensatory treatment of employees.

Jobs will be competitively market priced at the 50th percentile based on data comparable periodic reviews of the competitive market will be conducted on an as-needed basis, but at least every two (2) years. Salary ranges will be updated as needed.

Using the market data, we will revise the salary ranges to better meet the Company's competitive market needs. We will then assign each job to an appropriate salary grade and any differences between the competitive market levels and salary currently paid at the Company will be identified.

We will design an overall Salary Administration Program that will provide the Company with a competitive, easy to use, performance-driven pay delivery system. This will include the necessary guidelines for determining salary increases based on performance, as well as all related administrative procedures.

Compensation Resources, Inc. will also work with you to develop a more effective mechanism for measuring individual performance on a consistent and fair basis. The Performance Measurement System will be an integral part of the Salary Administration Program and will allow management to make salary decisions based on individual performance and contribution. The Performance Measurement System will include the necessary evaluation forms and procedural guide.

Compensation Resources, Inc. will summarize our proposed recommendations and Salary Administration Program concepts. The summary will be reviewed with Senior Management and finalized based on their input. Subsequent to approval, we will finalize the new Program and prepare all related documentation necessary to manage the new Program.

The previous paragraphs are an example of a typical Salary Administration Program that Compensation Resources, Inc. offers. We have a wide variety of programs and each is unique and is customized towards each client's needs.

To find out more on how Compensation Resources, Inc. can help your company with Salary Administration, please contact us or call us directly to speak with our compensation consultants at 877-934-0505.