Easily Replace Circle in the Incentive Plan

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How to Replace Circle in the Incentive Plan

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right there we go for those of you dont know my name is Megan Lynch one of the leaders over here with our an amazing amazing opportunity and what I want to tell you guys today is some of you today some of you tonight depending on where you are that we came into a company eight weeks ago and I could do the presentation always tell people in 20 seconds we came into a company it is a college it is very simple please write this down okay trade era is an online college that pays you how many of you guys went to college and not one time did your college cut you a check right most of the time your colleges are not paying you you are paying the college to learn over here when you come aboard were not teaching math or English or how to be a doctor or how to be a lawyer were teaching what none of your schools ever taught you which was how to make money on a daily consistent basis you know what our schools were teaching us how to sit still raise your hand ask to go to the bathroom eat lunch in

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What does red circle mean in compensation?

A red circle rate is a rate of pay authorized above the maximum salary for a class. A red circle rate is intended to mitigate the hardship when an employees salary is to be lowered through no fault of the employee.

What does green circle mean in HR?

A Green-Circled employee are those who are paid under the minimum for the range. This typically happens, for example, when someone is promoted from a much lower position and managers dont want to give a huge raise of say, 20 percent or 30 percent.

What defines green circled?

Green Circled means a pay rate that is below the adopted minimum of the pay range. Such may occur in instances where a pay range movement exceeds the pay increase received by an employee.

What is green circle in compensation?

Green circle rates are salaries below the minimum rate the employer has established for the positions salary range. Green circle rates are equally as problematic as red circle rates in that they do not follow established guidelines. A solution is to provide pay increases up to at least the minimum in the range.

What does it mean to red circle an employee?

A red circle rate is a pay rate that is above the maximum range assigned to the job grade. Employees who are red circled are usually not eligible for additional pay increases until the range maximums are increased above the individual pay rate or the employee transfers to a job with a higher pay range.

What is red and green circle employees?

Wage and Hour Self-audits: the Red and Green Circle Mechanism Red Circle. Those in the red circle are paid over the average salary range in your industry. Green Circle. Employees might end up in this circle due to a promotion without a wage increase or simple restructuring. Conclusion.

What does green circle mean in a job?

Simply put, a green circle rate denotes any individual employees salary which falls below the minimum of the organizations pay range. This instance usually occurs when, as outlined above, an organization adjusts the pay ranges upwards for a specific position.

What is the red circle and green circle employee?

The term red circle rate is used to describe an employee whose pay is above their positions maximum rate. Conversely, a green circle rate is used to describe the salaries of your underpaid employees, who you should consider paying more equitably as soon as possible.

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