Compensation Policy

Description: This Compensation Policy can be used by a company to establish compensation rates and annual increases and how deductions are to be issued to employees. This template covers all types of employees, from support staff and professional staff, to upper third employees and management. Additionally, this template is designed to meet the standards of the Fair Labor Standards Act (‘FLSA”). This document should be used by small businesses or other entities to establish a consistent and universal compensation policy for all of their employees.