Transcript Compensation Plan Structure and Design SF

Compensation Plan Structure and Design
Comparison Markets
Comparison markets used for benchmarking and maintaining the salary structure
will reflect the realities of the competitive environment for different job families
and roles.
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For positions found primarily in General / Senior Management, the comparison
market will be comparisons at national, regional, or local level, depending
upon the position. Competitors as well as sector.
For positions in Laboratory, Information Technology, Finance and Accounting.
Logistics and other key positions, broad industry markets will be used.to
maintain the salary structure.
For support positions which are not at managerial level, general industry
comparison data from the Bangkok Metro area and Kabinburi Industrial Zone
will be used.
Plan Design
Job content and role determine the salary band to which a job is assigned, and the
specific responsibilities and scope, combined with the skills, knowledge,
experience and performance of the incumbent determines his/her salary within the
band.
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Job responsibilities, requirements, complexity, and impact will determine the
salary band assignment, not the job’s title. There must be a clear and current job
description for each job to ensure that Human Resources has the job content
information needed to properly band jobs. Salary ranges will be competitive
with our respective, defined markets.
Skills, knowledge, experience, and performance of the individual will
determine the actual salary.
Internal equity and market competitiveness will be monitored regularly to
ensure continued program effectiveness.
I am suggesting 3 broad bands, C (entry level) to A. The Band Definitions outline
each band’s core criteria used in evaluating jobs:
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Job Scope and Major Responsibilities
Job Complexity and Impact
Knowledge, Skills, and Competencies required to perform the job
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Education and Experience required to perform the job.
For the immediate I am providing A band only which encompasses senior and
general management grades also regional level.
OBJECTIVE:
To provide for a uniform, stable and reasonably competitive compensation structure
for all employees.
GRADES & DESIGNATIONS
To rationalize the compensation policy, positions are classified into grades. The
grades and respective designations are as below:
GRADE
DESIGNATION
A1
M.D’s, Regional Directors, Plant GM
A2
Middle Management
A3
Junior Management
B!
Supervisor / Technical
B2
Section lead
B3
Plant Supervisor
C1
Core worker skilled
C2
Core worker semi- skilled
C3
Trainee
C4
Operator / General
BASIC SCALE
The basic scale would be as per the terms of employment and revisions from time to
time.
Grade
Designation
Basic Pay Structure ( Monthly)
A1
Management
180,000 - 189,000 - 198,450 - 208,000–
218,400 - 230,000 -241,500 – 253,575
266,253 – 280,000 - 300,000 -315,000
330,750 – 347,287 – 364,651 -386,530
386,530-409,721 - 434,305.
A2
Middle Management
180,000 - 189,000 - 198,450 - 208,000–
218,400 - 230,000
A3
Junior Management
BONUS SCHEMES
End of year bonus equivalent to one month’s salary
Performance related bonus subject to qualifying.
HOUSE RENT ALLOWANCE
Grade
Allowance per month.
A1
20,000THB - 30,000THB
CAR / ALLOWANCE:
Grade
Car / Allowance
A1
Camry / 30,000THB per month
MEDICAL ALLOWANCE
Management grades are entitled to medical cover.
LIFE ASSURANCE
Valued at THB1M
---------------------------------------------------------------------PROPOSED RANGE
EXP
3-5
5-10
10 -15
Lower Quartile
Median
Upper Quartile
180,000 189,000 198,450 208,000 218,400 230,000 241,000
189,000 198,450 208,000 230,000 241,500 253,575 266,253
208,000 218,400 230,000 241,500 266,253 280,000 300,000
15-25
266,253 280,000 300,000 315,000 330,750 347,287 364,651
Average Salary Comparisons for Industry: Chemical Manufacturing
Thailand » Industry » Chemical Manufacturing Overview » Chemical
Manufacturing Salary
Updated: 25 Oct 2014
Industry: Chemical Manufacturing
Median Salary by Years Experience
Years Experience
1-4 years
10-19 years
National Salary
THB 0
Data (?)
THB 240,000
THB 2,160,000
THB
800K
THB
1.6M
THB
2.4M
Plant Manager, Manufacturing Salary (Thailand)
The average pay for a Plant Manager, Manufacturing is THB 1,965,000 per year.
700K
2M
3M
4M
MEDIAN: THB 1,965,000
10%
50%
75%
90%
National Salary Data
Salary
THB 704,674 THB 3,676,629
Bonus
THB 66,553 THB 721,294
THB 0
THB
1.4M
THB
2.8M
THB
4.2M
General / Operations Manager Salary (Thailand)
A General / Operations Manager earns an average salary of THB 1,800,000 per
year. Most people in this job have more than five years' experience in related jobs.
420K
1M
2M
4M
4M
MEDIAN: THB 1,800,000
10%
25%
50%
75%
90%
National Salary Data
Salary
THB 424,258 THB 4,178,524
Bonus
THB 0.00 - THB 770,689
Profit
Sharing
THB 196,527 THB 992,920
THB 0
THB
1.8M
THB
3.6M
Comparisons are Industry National Average as of October 2014
THB
5.4M