Thursday, February 21, 2013

Pension

INTRODUCTION

ESC is a softw are and service social club founded in 1984. We exceedingly value trust, respect and open communication for individual differences. The companys strategy is to create a large and divers(a) organization through a combination of strategic acquisitions and managed growth.

Providing hail compensation benefit package for you and your family is an important element of our shipment to you. ESC provides and maintains safe working conditions by taking utmost precautions to foster its employees, environment and general public. ESC provides all full time employees with grouping health benefit plan. We also offer employees additional benefits much(prenominal) as rewards program, leaves of absence, GRRSP, STD/LTD plan, education reimbursement, etc. The details will be discussed in the following sections.

COMPENSATION, EXTRINSIC AND INTRINSIC REWARDS

Compensation is a term that refers to the financial rewards given to an employee in exchange for working. Anything that employee finds recognize from employment may be considered as a grad of compensation (Employee Benefit Plans, 2010, p. 1-3). It divided into two categories: extrinsic and intrinsic. two have been applied to our companys compensation package.

external Rewards can be financially measured such as cash, benefits and services.

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ESC believes that employees should be rewarded in direct relation to their contribution toward winner o f the company. We recognize and reward employees telephone circuit performance and goal achievement through salary increase, premium program, sales commission and Stock option. Some of the reward policies are listed below:

Salary Policy
ESCs salary policies are designed to recognize the level of skill, responsibility and job requirement. In wander to motivate and retain employees, our salary should be internal right and external competitive

Sale Commissions
Our sales professionals are eligible to know sales commission based on the volume of the sales.

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