A compensation plan clearly documents how total compensation – base pay, benefits, and incentives – is determined and administered for employee groups. This Compensation Plan Template will help you:
- Outline specific employee segments for different compensation treatment.
- Articulate compensation goals and objectives for each employee segment.
- Describe what base pay, benefits, and incentives will look like for each segment, including the relative ratios for total compensation and the rationales behind your decisions.
Use this template to create compensation plans for distinct employee segments, or for the organization as a whole.