Range Reality
Employee is high in range and over max during the Annual Wage Review. What is applied instead of a base increase?
What is lump sum?
New hire offers at or below midpoint require this level of approval.
What is Business VP and RHR?
Cash awarded each quarter.
What is Gainsharing?
These positions have access to the compensation matrix locally.
What is HR Manager & General Manager?
This is the maximum increase allowed for a promotion without President or VP HR approval.
What is 10%?
Employees below this point in the range may require adjustment over time.
What is the minimum (or below minimum)?
This role is eligible for the SIP Plan.
Who are Strategic Account Managers?
Cash awarded each month.
What is Commission?
An employee may have two different incentive targets during the same plan year.
What is true?
This happens to an employee's incentive target during a performance demotion.
What is the alignment of the incentive target to the grade?
Employees above this point in range may require pay movement through lump sums instead of base increases.
What is above Max?
These two factors make up total compensation.
What is Base Pay and Incentive Target?
Cash awarded annually.
What is MIP and SIP?
Here job ranges must be in the job posting.
What is California and IL?
This is the primary goal of HCC's compensation philosophy.
What is market competitive, fair, consistent, and performance-based.