When the new manager wants 400,000/year.
We will give him 500,000/year.
If we give him 500,000/year, that’s 41,600/month.
If we don’t do any test for the new manager, we will definitely lost.
If the new manager is unqualified, we can’t take a pay cut either, or he’ll sue us. Then we will lose a lot.
So, we divide 500,000 into fixed salary of 240,000 and performance salary of 260,000.
Fixed salary of 240,000
Divide 240,000 fixed salary into 4 to 6, Basic salary & Performance salary.
Basic salary 96000, 8000/month linked to attendance.
Performance salary 144000, 12000/month linked to performance.
Performance salary of 260,000
Divided into annual goals, quarterly goals and monthly goals
Complete the Annual Goal to get 80,000
Complete the Quarterly Goal to get 15,000
Complete the Monthly Goal to get 10,000
If you can’t get the job done, you don’t get performance pay