20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)
Indiana Compensation Program for Officers and Certain Key Management Personnel with attachments
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As of , the average annual pay for a Government Employee in Indiana is $59,461 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.59 an hour.
The average Indiana State Personnel Department salary ranges from approximately $22,282 per year for Human Resources Assistant to $81,945 per year for District Manager.
How to Establish Salary Ranges Step 1: Determine the Organization's Compensation Philosophy. ... Step 2: Conduct a Job Analysis. ... Step 3: Group into Job Families. ... Step 4: Rank Positions Using a Job Evaluation Method. ... Step 5: Conduct Market Research. ... Step 6: Create Job Grades. ... Step 7: Create a Salary Range Based on Research.
This is equivalent of $932 a week or $4,040 a month. Most salaries in Indiana range between $34,328 (25th percentile) to $59,233 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.
Governor Holcomb implemented a $1,300 salary increase, followed by a 2.5% salary increase for all State employees in January 2022; this salary adjustment resulted in an average increase of 5% for employees and was the first general salary increase in Indiana since 2008.