ELEKproTEK Compensation & Benefits Policy
1. Purpose
This policy ensures a fair, transparent, and performance-driven pay structure that rewards skill, responsibility, and contributions to ELEKproTEK’s success. Compensation includes a base salary with performance-based incentives, ensuring financial stability while encouraging productivity and excellence.
2. Salary Structure
| Role | Base Salary | Max Performance Bonus | Total Possible Pay |
|---|---|---|---|
| Foreman / Lead Technician | $50,000 | $8,500 | $58,500 |
| Senior Technician | $45,000 | $3,750 | $48,750 |
| Technician / Journeyman | $45,000 | $3,750 | $48,750 |
| Apprentice / Office Admin | $35,000 | $4,000 | $39,000 |
Total annual compensation is capped at $195,000 for these four positions.
3. Payroll & Payment Terms
- Employees are paid on a bi-weekly schedule.
- Bonuses are evaluated quarterly and distributed based on performance.
- Annual performance reviews determine eligibility for raises and promotions.
- Raises are not guaranteed but will be considered based on performance metrics.
4. Performance Bonus Criteria
| Bonus Category | Criteria | Max Payout |
|---|---|---|
| Job Completion Bonus | Projects completed on time & under budget | $1,000–$3,500 per quarter |
| Customer Satisfaction Bonus | Maintaining an average customer rating of 4.8/5+ | $500–$1,500 per quarter |
| Sales / Upsell Bonus | Bringing in additional business (upsells, service agreements) | $500–$3,000 per quarter |
| Safety & Compliance Bonus | Zero safety violations or failed inspections | $500–$2,000 per quarter |
5. Career Growth, Raises & Promotions
5.1 Annual Performance Reviews
Each employee will receive a yearly performance review to assess their contribution and determine eligibility for raises.
5.2 Raise Tiers (Performance-Based)
| Performance Score | Raise Eligibility |
|---|---|
| Outstanding Performance (90%+ Score) | 2.5–5% raise consideration |
| Exceeds Expectations (80-89% Score) | 1.5–3% raise consideration |
| Meets Expectations (70-79% Score) | 1–2% raise consideration |
| Needs Improvement (Below 70%) | No raise; Performance Improvement Plan (PIP) |
5.3 Apprentice to Journeyman Promotion Criteria
- Pass the official Journeyman Electrician Exam, OR
- Have 4 or more years of verified electrical experience
6. Paid Time Off (PTO) & Holidays
- Full-time employees receive 10 PTO days per year.
- PTO must be requested at least 2 weeks in advance, except in emergencies.
- ELEKproTEK observes New Years Day, MLK Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. Employees working on holidays may receive a floating PTO day.
7. Terms & Adjustments
- This policy is reviewed annually and may be modified based on company financials and business needs.
- Employees will be notified in writing of any changes to compensation.
- ELEKproTEK reserves the right to withhold bonuses or raises for misconduct, policy violations, or financial hardship.
Acknowledgment & Agreement
I, [Employee Name], acknowledge that I have read, understood, and agree to the terms of ELEKproTEK’s Compensation & Benefits Policy.
Employee Signature: _______________________
Date: _______________________