Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What if a new employee was hired as a manager in FY 2000-01, how are the payouts allocated?

April 26, 2017allocated employee FY hired manager payouts

0

10 Posted

What if a new employee was hired as a manager in FY 2000-01, how are the payouts allocated?

1 Answer

0

10 Posted

If hired between July 1, 2000 and December 31, 2000, pay the full amount paid to fully successful managers effective July 1, 2001, deferred to December 28, 2001. If hired between January 1, 2001 and June 30, 2001, the employee should receive an increase of 1% (1/2 the amount paid to fully successful managers), effective March 22, 2002. Effective July 1, 2002, pay the full amount paid to fully successful managers.