Methods for Increased Compensation for Hourly Wage Employees

摘要

Three interrelated methods are presented for providing increased compensation of hourly wage and salaried employees based upon performance requirements and results. The present invention includes methods for increasing employee compensation based upon hourly wage multipliers defined by seasonal, daily, and conditional factors. The methods further include the process guaranteeing the resources necessary for the completion of a specific job. A comparison is made between the nominally defined resources required for the job and the actual resources available, with the actual resources available (the employees) receiving increased compensation based upon the difference between the nominal resources and the actual resources. Finally, increased compensation methods may be based upon identified performance factors and the measurement of actual performance levels that exceed base performance levels. The methods described may be interrelated to calculate an increased compensation for a specific employee based upon modification of a base hourly wage or a salary reduced to an hourly wage, according to each of the processes described.