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Performance Linked Incentive Scheme (10-11)

Performance Linked Incentive Scheme (10-11). Performance Linked Incentive. Band wise PLI composition. Rating wise PLI Payout. Example - Payout. Background Name of employee : XYZ XYZ employee (in Band 3) rated 4 in the PMS 10-11 XYZ will have a split of 40:60 in the variable pay

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Performance Linked Incentive Scheme (10-11)

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  1. Performance Linked Incentive Scheme (10-11)

  2. PerformanceLinked Incentive

  3. Band wise PLI composition

  4. Rating wise PLI Payout

  5. Example - Payout • Background • Name of employee : XYZ • XYZ employee (in Band 3) rated 4 in the PMS 10-11 • XYZ will have a split of 40:60 in the variable pay • (i.eIndividual performance & Company Performance respectively) • XYZ has a variable component of 10K/year as per CTC Structure. • Definition • Individual Performance – calculated based on performance rating for the year • Company Performance – (Consonants like EBIDTA, Market Share, Employee Engagement Score & many more) is released at the financial year end only. The company gets rated also on a scale of 1 – 5 and will decide the payout %age at the end of financial year. • Calculation • As per standard split, 4K/year is the Individual PLI & 6K/year is the Company PLI. • Individual PLI component – 110% (i.e. 4400) • Company PLI component – Company performs at the desired level and decides to pay 100% - • Variable Pay out = 4400 +6000= 10400

  6. Thank you

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