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Creative & Marketing Team Performance Bonus
Variable pay is now categorised into two primary categories → Incentives and Performance Bonus.
Performance-bound Bonus
For each closure of a lead that’s generated from inbound enquiries, the team is eligible for a performance bonus of ₹2,500, this will be divided amongst eligible team members in a pre-determined ratio.
For each ALS course closure that’s generated by the efforts of the creative & marketing teams, the team is eligible for a performance bonus of ₹510 that will be divided amongst eligible team members.
Sales-bound Bonus
The total pool for performance bonus will be fixed at 0.40% of the total revenue generated by the organisation → when the revenue is achieved > 50%.
The total pool for performance bonus will be fixed at 0.60% of the total revenue generated by the organisation → when the revenue is achieved > 80%.
Calculation
This year, the company is proposing to achieve the following:
ALS Course
[ ]
DM Closures
The total incentives payable will be as follows:
[ ]
0
[ ]
Total incentive pool → ₹ 0
0
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