Compensation Scheme The basic salary for each employee is computed depending on his position. An overtime pay of 25 percent of his basic salary will be given to an employee having excess in his regular time. 30 percent of basic pay will be entitled to employees working during special holidays. Every business aims to maximize its profit while being able to meet and satisfy the demand of its customer. These objectives are similar as to attaining the highest standard of professionalism among the employees. Selection of qualified employees, proper training, effective motivation and dedication of the employees will help attain the firms objective, because the company has decided to adopt and implement the following:A. Personnel Policies 1. Pay fair and reasonable compensation. 2. Help each employee to attain his maximum potential, efficiency and effectiveness. 3. Provide opportunities for growth and promotion for each employee. 4. Resolve labor management differences.B. Working Days and Holidays 1. A total of eight (8) hours per day should be the minimum hours required for the employee. 2. Working days would be from Mondays Fridays.The following must be observed by the company as holidays as provided for under Executive Order 203 as amended by Republic Act 9177:1. New Years Day (January 1)2. Araw ng Kagitingan (April 9)3. Holy Week (Maundy Thursday and Good Friday)4. Labor Day (May 1)5. Independence Day (June 12)6. Bonifacio Day (November 30)7. Eidul Fitr ( Movable Date)8. Christmas Day (December 25)9. Rizal Day (December 30)C. Working Rules 1. All employees are expected to be on their respective stations every Monday to Friday from 9:00 a.m. to 5 p.m. All employees would be given a lunch break from 12:00 p.m. to 1:00 p.m. 2. Absences are only allowed if it is due to health problems, circumstances brought by natural calamities and emergency family problems. 3. Leave of absence should be requested 3-5 days before the said date of leave. 4. Leaving the working place without any permission of valid reason is strictly prohibited.D. Other Benefits 1. Employees are entitled to receive free general check up annually. 2. Maternity leaves are granted to female employees. 3. Meal allowance.Annual Compensation SSS, PhilHealth, and PAG-IBIG payments will be deducted on the salary of the employees for medical, and/or hospitalization purposes and other loans. The employers share will be remitted by the company. The proposed monthly compensation scheme is shown in Table 3.2.Position#Basic PayEmployer's ContributionMonthly Salary13th Month PayAnnual Salary

SSSPhil HealthPAG-IBIG

General Manager120,0001,20925040021,85920,000282,308

Marketing/Sales Officer115,0001,13518830016,62315,000214,476

Finance Officer115,0001,13518830016,62315,000214,476

Production Supervisor115,0001,13518830016,62315,000214,476

Cashier112,00089415024013,28412,000171,408

Driver19,83174711319710,8889,831140,487

Workers29,83174711319710,8889,831140,487

Table 3.2Proposed Monthly Compensation Scheme