Compensation Structure
Dear [Employee Name],
Welcome to Devloops Technologies! Below is your detailed compensation structure.
1. Base Salary
Monthly Base Salary: [Base Salary]
2. Compensation Breakdown (Target Achieved)
| Component |
Amount |
| Fixed Salary |
[Base Salary] |
| Variable Incentive (7%) |
[Incentive] |
| Total Compensation |
[Total] |
Example: With ₹16,000 base, achieving Target adds ₹7,000 (7% of ₹100,000), totaling ₹23,000.
3. Performance Targets
Minimum Target: [Minimum Target]
Target: [Target]
4. Breakdown Chart (Target)
5. Summary
| Performance Level |
Fixed |
Variable |
Total |
| Minimum Target |
[Base Salary] |
[Min Incentive] |
[Min Total] |
| Target |
[Base Salary] |
[Incentive] |
[Total] |
Terms & Conditions
- Eligibility: Incentives apply only if sales targets are met or exceeded.
- Incentive Rates: 3.5% of sales at Minimum Target; 7% at Target.
- Payment: Paid monthly with base salary, subject to statutory taxes and deductions.
- Targets: Set based on role and reviewed quarterly; non-achievement earns base salary only.
- Currency: All amounts in Indian Rupees (₹).
- Disputes: Final decision rests with management in case of discrepancies.