Compensation Philosophy
3/24/23, 4'49 PMCreating a Compensation Philosophy Scoring Guide
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Creating a Compensation Philosophy Scoring Guide
CRITERIA NON-PERFORMANCE BASIC PROFICIENT DISTINGUISHED
Describe a company for which compensation guiding principles will be created.
Does not describe a company for which compensation guiding principles will be created.
Identifies a company for which compensation guiding principles will be created.
Describes a company for which compensation guiding principles will be created.
Describes a company for which compensation guiding principles will be created, incorporating details that provide insight into the business environment of the selected company.
Describe the factors that will be used to determine salary decisions.
Does not describe the factors that will be used to determine salary decisions.
Identifies the factors that will be used to determine salary decisions.
Describes the factors that will be used to determine salary decisions.
Justifies the factors that will be used to determine salary decisions.
Discuss where the company wants to fit regarding compensation in the industry and related market.
Does not discuss where the company wants to fit regarding compensation in the industry and related market.
Identifies where the company wants to fit regarding compensation in the industry and related market.
Discusses where the company wants to fit regarding compensation in the industry and related market.
Analyzes where the company wants to fit regarding compensation in the industry and related market.
Discuss whether the company will reward top performers with incentive pay.
Does not discuss whether the company will reward top performers with incentive pay.
Identifies whether the company will reward top performers with incentive pay.
Discusses whether the company will reward top performers with incentive pay.
Justifies the reasons why the company will reward top performers with incentive pay, or not.
Discuss the role benefits (health, 401(k), et cetera) will play in the overall compensation package.
Does not discuss the role benefits (health, 401(k), et cetera) will play in the overall compensation package.
Identifies the role benefits (health, 401(k), et cetera) will play in the overall compensation package.
Discusses the role benefits (health, 401(k), et cetera) will play in the overall compensation package.
Analyzes the role benefits (health, 401(k), et cetera) will play in the overall compensation package.
Explain how existing businesses in a company’s community affect the compensation guiding principles of the company.
Does not explain how existing businesses in a company’s community affect the compensation guiding principles of the company.
Discusses how existing businesses in a company’s community affect the compensation guiding principles of the company.
Explains how existing businesses in a company’s community affect the compensation guiding principles of the company.
Explains how existing businesses in a company’s community affect the compensation guiding principles of the company, and why the selected compensation principles are viable.