Page 26 - Final-Policies and Procedures Guide_9-5-17_Neat

IV.

SALARY POLICY AND ADMINISTRATION

Molzen Corbin adheres to the belief that the wages paid to each of our staff members is
personal and thus all matters affecting employee salaries are held in strict confidence by the
Company. In the performance of assigned duties, staff personnel may become
knowledgeable of confidential compensation information as necessary for the administration
of Company business but these staff personnel are instructed to hold any such information
of which they become knowledgeable in the strictest confidence.

A. PAY PERIODS

All personnel are paid biweekly via direct deposit. Employees are required to have a
bank account into which their pay will be deposited. A pay stub is provided to each
employee by the Accounting Department after every payroll that identifies the
amount of pay and the appropriate calculations for the pay period.

B. SALARY ADJUSTMENTS

Salaries and wages are determined based on the Company’s assessment of many
factors, including job qualifications, experience, and proven ability to perform job
duties. Mere employment at the time of salary adjustments will not guarantee an
increase.

Salary adjustments are not made in conjunction with performance reviews.
Questions about the timing of salary reviews or eligibility for compensation increase
should be directed to an employee’s direct Supervisor.

C. WEEKLY TIMESHEETS

Timesheets serve two important functions: They provide a weekly staff summary
report for all Supervisors, and they provide the Accounting Department with the staff
hours spent on each project.

Timesheets are to be completed electronically by all employees on a daily basis and
submitted to the Accounting Department before leaving at the end of each week.
Hours are to be recorded as per the "Timekeeping Policy” found in Section VII of
this Personnel Policies & Procedures Guide.

IV-1

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“Nothing in this guidebook changes the “at-will” nature of employment with Molzen Corbin. This guidebook is not an exhaustive statement of all rights and
responsibilities of Molzen Corbin employees. Employees are directed to ask Human Resources for additional information about matters addressed in this
guidebook. Furthermore, nothing in this guidebook shall prohibit or is intended to interfere with the exercise of Employee rights under Section 7 of the
National Labor Relations.