Employee Incentives and Benefits Assignment – Summary

Part One: Developing a Compensation with Incentives Plan

JobCompensation Type OfferedIncentives OfferedInsurance, Retirement, Paid Time-off
Owner Manager / Sales ManagerSalaryGainsharingPaid Time Off Paid Personal leaveSick leaveVacation Health Insurance (PPO) and Retirement 401(k)
Sales StaffSalary and Commission of Total Sales Made Per PeriodBonusesPaid Time Off VacationSick Leave Health Insurance (PPO) and Retirement 401(k)
Service and Parts ManagerSalaryGainsharingPaid Time Off Sick LeavePaid Personal LeaveVacation Health Insurance (PPO) and Retirement 401(k)
MechanicsWage and Piece Rate PlansBonusesPaid Time Off Sick LeavePaid Personal LeaveVacation Health Insurance (PPO) and Retirement 401(k)
DetailerWage and Piece Rate PlansBonusesPaid Time Off Sick LeavePaid Personal LeaveVacation Health Insurance (PPO) and Retirement 401(k)
Office StaffWage – Standard hourRecognition Merit PayPaid Time Off Sick LeaveVacation Health Insurance (PPO) and Retirement 401(k)

Part Two: Developing Flexible Employee Benefit Plans

Modular Benefits Plan

ModuleVoluntary Benefits Plan
Early Career Employees – ages 18 to 30Paid Time Off Group Health InsuranceEmployee ServicesEducational (or tuition) AssistanceCompany-provided Fitness Facilities or Vouchers for MembershipsOrganization-sponsored Sports TeamsServices to mitigate commuting costs.
Mid-Career Employees – ages 30 to 45Paid Time Off Group Health InsuranceEmployee Insurance CoverageEmployee ServicesEducational (or tuition) AssistanceOn-site Child Care or Child Care VouchersCompany-provided Fitness Facilities or Vouchers for MembershipsServices to mitigate commuting costs.
Late-Career Employees – ages 50 to 67Paid Time Off Group Health InsuranceRetirement benefitsEmployee Insurance CoverageElder Care AssistanceCompany-provided Fitness Facilities or Vouchers for MembershipsServices to Mitigate Commuting CostsFree or Low Cost Meals

Core-plus Benefits Plan

Core OptionsPlus Options (Voluntary options for a maximum 20% of the annual income)
Social Security Unemployment Compensation Workers’ CompensationGroup Health InsuranceRetirement benefitsEmployee Insurance CoverageElder Care AssistanceCompany-provided Fitness Facilities or Vouchers for MembershipsServices to Mitigate Commuting CostsFree or Low Cost MealsEducational (or tuition) AssistanceOn-site Child Care or Child Care VouchersOrganization-sponsored Sports Teams