This document outlines the salary scheme for new human resource administrative officers at Glenzel Group of Companies. For officers staying 2 years, the starting salary is 17,000 pesos with a 2% quarterly increase, totaling around 518,500 pesos over 2 years. Alternatively, the starting salary could be 65,000 pesos with a 10% quarterly increase, totaling around 500,500 pesos over 2 years. Monthly incentives for model employees include a 1,000 peso bonus, unlimited cellphone load, car loan, and a free laptop.

1. SALARY SCHEMEFOR THE SOON-TO-BE HUMAN RESOURCE ADMINISTRATIVE OFFICERS
GLENZEL GROUP OF COMPANIESSISTER COMPANY OF UNILEVER PRODUCTS

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. 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. 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. 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. 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. 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. Monthly INCENTIVES for model
employees:
• bonus of Php1,000
• Unli cellphone load
• Car Loan
• Free Office Laptop
yearly INCENTIVES for model
employees: