HRM. COMPENSATION PLAN

Individual Compensation Stmt

Expense	$ Amount, # Days or % of Base Salary	$ Equivalent	% of Total Compensation
Annual Base Wages ($ Amount)
Base Wage/Salary	$ 65,000.00
Hours worked per week	40
Equivalent Hourly rate	$31.25
Equivalent Daily rate	$250.00
Hours worked per year	2080
Average # of workdays in a year	260
Days worked - actual	227
Annual Base Wages Total		65,000	78.62%
Paid Time Off (# Days)
Vacation	15	3,750	4.54%
Sick Leave	5	1,250	1.51%
Statutory Holidays	10	2,600	3.14%
Training Time Off Author: It is highly recommended that hours for training are tracked. If not available, use an estimate. This field is used to record paid time off for attending training or development. It does not include the course fees or development costs. Course fees are captured under Training/Development costs.	3	681	0.82%
Paid Time Off (other) Author: This could include such things as: - paid personal time - additional paid days off given during year end holiday shut down - office shut downs due to inclement weather - awarded time off for early dismissal - afternoon office closures	0	0	0.00%
Paid Time Off Total	33	8,281	10.02%
Statutory Remittances (% of Base Salary)
Statutory Employee Remittance 1 - Social security	2%	1,300	1.57%
Statutory Employee Remittance 2 - Federal pension	0%	0	0.00%
Statutory Employee Remittance 3 - <name of remittance>	0%	0	0.00%
Safety Statutory Remittances - Workers' Compensation	1%	650	0.79%
Statutory Remittances Total		1,950	2.36%
Benefits (% of Base Salary)
Group Insurance Benefits	2%	1,300	1.57%
Medical Insurance Benefits	1%	650	0.79%
Contributions to Savings/Retirement Plan	5%	3,250	3.93%
Professional Dues/Memberships	0%	0	0.00%
Training/Development Author: Enter course fees or development costs only. Employee time off for training is recorded under Training Time Off, above.	Author: It is highly recommended that hours for training are tracked. If not available, use an estimate. This field is used to record paid time off for attending training or development. It does not include the course fees or development costs. Course fees are captured under Training/Development costs.	2%	1,300	1.57%
Benefits Total		6,500	7.86%
Additional Cash Compensation ($ Amount)
Bonuses	$ - 0	0	0.00%
Overtime	$ - 0	0	0.00%
Other Cash Compensation	$ - 0		0.00%
Additional Cash Compensation Total		0	0.00%
Other Employee Costs ($ Amount)
Social Activities	$ 100.00	100	0.12%
Perks	$ 100.00	100	0.12%
Cell Phone	$ 750.00	750	0.91%
Parking	$ - 0	0	0.00%
Car allowances/mileage	$ - 0	0	0.00%
Other Employee Benefits	$ - 0	0	0.00%
Other Employee Costs Total		950	1.15%
Employee Compensation Grand Total		82,681	100.00%

&G &"Calibri,Bold"&12 Calculating Staffing Costs 2015 Document #:CP-HR-3570-M-1.0 COPYRIGHT ConnectsUs Intranet Inc. www.connectsUs.com

Last Updated: Sept 14, 2016 Prohibited use without a VALID LICENSE - www.connectsUs.com/licenses/overview This is a generic template provided for reference only. Consult current legislation in your area to ensure compliance.