February 22, 2021

Re: 2021 Corporate Plan incentive mechanics/formula



On Fri, Jan 8, 2021 at 3:49 PM Jorge Saguinsin <jorge.holygardens@gmail.com> wrote:
To:     Madel  ERS

Subject Proposed Incentive Mechanics for 2021

This is the proposed incentive mechanics for 2021:  This will be based on net income as this office realized how littlet people look at expenses and pricing which they often want to be discounted.

1 Incentive shall be based on Net Income achievement

       and on the following targets:

          
                        HGGMP                          19,756,757.37

                        HGCMP                            3,122,985.56

                        HGOMP                            5,358,517.14

                        HAMP                               11,913,944.14

                         HGPMP                           16,130,838.48

                        HGLUMP                           6,260,318.33

                        HGMMP                           1,253,471.97T

                                                          Total:63,796,832.99

                      (please refer to sales and collection target too.   

     1.  To be given quarterly cumulative:
                                     
         95 -   100%                 1%

         101 to 120%              1.5%

        121 to 130%               1.75

        130 up                         2.0

       Only those who submitted on time shall be included

    2.  Conditions qualifiers

       a.   95% to collection target as confirmed by abstract and deposit slips

       b.  90% to sales target

      c.  Last years losses from theft etc to be deducted

      d.  No class C and  D offense during and when discovered to have been
           committed previously

      e.  Previously announced demerits system apply

      f.  No pending docs, ,commissions to agents, no unsubmitted requirementd
          to 3f

3.  Supporting docs

     1.   Reports for sales and collection to be submitted daily (responsibility in the meantime of group head

                 Collection                         Bank balance      Cash on Hand    Deposit                Book balance                 Sales                             Inventory    
        Today   Cum  Month  YTD                                                                                                                         Today   Cum Mo    YTD      Beg     Add    Subtract

      

Please add, comment, subract etc more ideas.




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