Salary scheme (1)

SALARY SCHEMEFOR THE SOON-TO-BE SYSTEM ANALYST AND IT SPECIALIST

GLENZEL TECHNO INC.COMPUTER AND APPLIANCES PRODUCTS

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.

MISSIONThe 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.

SALARY SCHEME AMonthly Salary

SYSTEM ANALYST

SYSTEM ANALYST SALARY SCHEMEMONTHLY SCHEME

SALARY RANGE= 2years= 24monthsStarting salary – 12,500 PhpMonthly increase= 2%

Mid-salaryAn= arn-1

A12 = 12500 (1.02) 12-1

A12 = 12500 (1.24)A12 = 15,500

Max-salaryAn= arn-1

A24 = 12500 (1.02) 24-1

A24 = 12500 (1.58)A24 = 19,750

Total earnings in employment for 2 yearsa1 = 12,500r = 1.02N = 24

Sn = a1 (r -1) = 12,500 (1.0224 - 1)

1.02 - 1 = 12,50024 (1.61 - 1)

0.02 = 12,50024 (.61)

0.02= 7,625

0.02 = 381,250

SALARY SCHEME B Quarterly Salary

SYSTEM ANALYST

QUARTERLY SCHEME

SALARY RANGE= 2years (6 quarters)Quarterly increase= 2%Starting salary – 60,000 Php

Mid-salaryAn= arn-1

A3 = 60,000 (1.02) 3-1

A3 = 60,000 (1.04)A3 = 62,400

Max-salaryAn= arn-1

A6 = 60,000 (1.02) 6-1

A6 = 60,000 (1.58)A6 = 66,000

SYSTEM ANALYST SALARY SCHEME

graph

Total earnings in employment for 2 yearsa1 = 60,000 r = 1.02N = 6

Sn = a1 (r -1)r-1

= 60,000 (1.026 - 1)1.02 - 1

= 60,000(1.13 - 1)0.02

= 60,000(.13)0.02

= 7,800 0.02

= 390,000 Php

SALARY SCHEME AMonthly Salary

IT SPECIAL-

IST

IT SPECIALIST SALARY SCHEMEMONTHLY SCHEME

Starting salary – 15,000 PhpSALARY RANGE= 2years= 24monthsMonthly increase= 2%

Mid-salaryAn= arn-1

A12 = 15,000 (1.02) 12-1

A12 = 15,000 (1.24)A12 = 18,600

Max-salaryAn= arn-1

A24 = 15,000 (1.02) 24-1

A24 = 15,000 (1.58)A24 = 23,700

graph

Total earnings in employment for 2 yearsa1 = 15,000r = 1.02N = 24

Sn = a1 (r -1) = 15,000 (1.0224 - 1)

1.02 - 1 = 15,00024 (1.61 - 1)

0.02 = 15,00024 (.61)

0.02= 9,150

0.02 = 457,500

SALARY SCHEME BQuarterly Salary

IT SPECIAL-

IST

QUARTERLY SCHEMEStarting salary – 70,800 PhpSALARY RANGE= 2years (6 quarters)Quarterly increase= 2%

Mid-salaryAn= arn-1

A3 = 70,800 (1.02) 3-1

A3 = 70,800 (1.04)A3 = 73,632

Max-salaryAn= arn-1

A6 = 70,800 (1.02) 6-1

A6 = 70,800 (1.10)A6 = 77,880

IT SPECIALIST SALARY SCHEME

graph

Total earnings in employment for 2 yearsa1 = 70,800r = 1.02N = 6

Sn = a1 (r -1) = 70,800 (1.026 - 1)

1.02 - 1 = 70,800 (1.13 - 1)

0.02 = 70,800 (.13)

0.02= 9,204

0.02 = 460,200

INCENTIVES• Model employee of the month

- Gadgets and other merchandise- Gift Cards

• Model employee of the year -One week vacation (International)

• Christmas Bonus – 10,000 Php-- Christmas Raffle

Tardiness Absents

MONTHLY SYSTEM ANALYST IT SPECIALIST

-1.2% -150 Php

-2%-450 Php

QUARTERLYSYSTEM ANALYST IT SPECIALIST

-1.2%-200 Php

-2%-500 Php

DEDUCTIONS