Points incentive system General guide
Points incentive system is designed to reward and recognize results
A team member may have a base salary and a points incentive system
The structure of this system will almost certainly change with time as changes to operations and market place occur .
Once on the “points system “ at end of pay cycle team member will be paid the greater of base salary or points incentive result
If team member didn’t achieve points output and is being paid by base salary then its recognized that they didn’t achieve required output
For that Pay period they will be paid the normal base amount
this shortfall is noted and will be deduced from next pay period when employee is above base
i.e
If during a 3 month period employee again doesn't achieve results above base then base amount will be reduced and employee performance meeting will result
Meeting outcome will be to agree on corrective actions will be taken to ensure that employee is able to achieve above base amount .
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Note
Gross base pay is PLUS Superannuation (its the amount less tax ) ,so your nett from this is less tax
POINTS SYSTEM Amount includes superannuation and tax so your nett from this will be less superannuation AND tax
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