Compensation Plan Example
- January 2022: Base Salary: $500
- March 2022: 1st review and raise: $550
- February 25, 2022: First Review
- March 10, 2022: Raise of $50 per month
- May 2022: 2nd review and raise: $600
- April 25, 2022: Second Review
- May 10, 2022: Raise of $50 per month
- July 2022: 3rd review and raise: $650
- June 25, 2022: Second Review
- July 10, 2022: Raise of $50 per month
- September 2022: 4th review and raise: $700
- August 25, 2022: Second Review
- September 10, 2022: Raise of $50 per month
- January 2023: Paid Time off and bi-annual bonus of $300 per month if they pass monthly reviews.
- January 2024: Quarterly bonus of $300 if they pass monthly reviews.
- January 2025: Monthly bonus of $300 if they pass monthly reviews.
In This Example: Pay Periods End On the 25th and 10th of Each Month.