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# Math salary scheme (1)

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### Math salary scheme (1)

1. 1. SALARY SCHEMEFOR THE SOON-TO-BE HUMAN RESOURCE ADMINISTRATIVE OFFICERS GLENZEL GROUP OF COMPANIESSISTER COMPANY OF UNILEVER PRODUCTS
2. 2. VISIONWE SEE A FUTURE OF OPTIMISTIC AND WELL-TRAINED EMPLOYEES THAT HELP MOTIVATE OUR CLIENTS AND A COMPANY THAT HELPS BUILD THE COUNTRY’S ECONOMY AS WELL AS THE CAPABILITIES OF THE HUMAN RESOURCE ADMINISTRATIVE OFFICERS.
3. 3. MISSION The Glenzel Group of Companies aims to promote an employer-friendly zone that gives fair and adequate benefits to its clients. Moreover, it aims to provide consistent and efficient products and services that give satisfaction to our constituents.
4. 4. SALARY RANGE= 2years= 2months starting salary= 17,000 Quarterly increase= 2% Total earnings in employment for 2 years a1 = 17,000 r = 1.02 N = 24
5. 5. Sn = a1 (r -1) = 17,000 (1.02^24 - 1) 1.02 - 1 = 17,000 (1.61 - 1) 0.02 = 17,000 (.61) 0.02 = 10,370 0.02 = 518,500 n
6. 6. SALARY RANGE= 2years (6 quarters) starting salary= 65,000 Quarterly increase= 10% Total earnings in employment for 2 years a1 = 65,000 r = 1.10 N = 6
7. 7. Sn = a1 (r -1) = 65,000 (1.10^6 - 1) 1.10 - 1 = 65,000 (1.77 - 1) 0.10 = 65,000 (.77) 0.10 = 50,050 0.10 = 500,500 n
8. 8. Monthly INCENTIVES for model employees: • bonus of Php1,000 • Unli cellphone load • Car Loan • Free Office Laptop yearly INCENTIVES for model employees:

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