Employee Handbook

Employee Compensation Policies

The employee handbook template is a tool for developing a policy manual from the sample handbook contained within the template. Displayed below is a sampling of the section of the employee handbook outlining employee compensation policies for various compensation methods.

Employee Compensation Policy

Compensation Policy

The company’s compensation policy explains what compensation employees can reasonably expect in return for work. It also details what lump sum payments the company’s insurance company will make if an accident occurs and the employee is unable to continue to work. The compensation policy may also detail what compensation customers can reasonably expect for faulty products.

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Employee Compensation Policies

Overtime

Hours of work performed by hourly employees, over 40 hours in any seven day period, qualify for payment at a rate of 150% of the employees regular hourly pay. All overtime must be approved in advance by your immediate supervisor to qualify.

All hours during a work week that are calculated in the total...

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Commissioned Sales

Sales personnel who are compensated based on commissions are responsible for the entire sales process. This responsibility includes all communication with the client throughout the life of the project and including collection of all invoices related to the project. Commissions may...

Wage and Salary Disclosure

Compensation programs are confidential between the employee and XYZ COMPANY. Disclosure of wages or compensation to any third party or other employee is prohibited and could be grounds for termination.

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