FROM THE HORSES MOUTH.....
From the Desk of Mike Stayton …
Dear USIC Colleagues,
USIC is committed to recognizing your dedication to providing efficient and top quality work for both our customers and our communities.
We are all in this together. To ensure that all highly effective employees are financially rewarded consistent with their contribution, USIC is moving all of its 2012 compensation plans to a Pay-for-Performance model and is introducing Pay-for-Performance bonus plans for all employees in lieu of annual wage increases. USIC started transitioning to this Pay-for-Performance model in 2011 when some employees received bonuses in lieu of a base pay increase.
The Pay-for Performance bonus plans will be funded only if USIC meets its targeted financial performance levels, which we are well on our way to achieving. Periodic progress reports will be communicated by your District or Corporate Manager throughout the 2012 plan period. This compensation plan provides USIC the flexibility to recognize good work and provide additional pay to the high performing employees in each District or Corporate department. The specifics, by position, are as follows:
Technicians
Technicians will have two opportunities to be rewarded for your performance. The first installment of your Pay-for-Performance bonus will be based on your productivity, quality and safety performance from January 1st through June 30th and paid in July 2012. The second installment will be based on the same measures for July 1st through September 30th, and paid in October 2012.
Technicians covered by piece-rate, our new hire wage progression plan, and/or a collective bargaining agreement are not eligible for this Pay-for-Performance plan.
Field and Corporate Employees (Non Management)
Field and Corporate employees will have an opportunity to be rewarded for your individual work performance as measured by your performance review. Half of your Pay-for-Performance bonus will be paid in July 2012 and the second half paid in October 2012.
We recently communicated similar Pay-for-Performance bonus plans, in lieu of pay increases, for Supervisors and all Management.
As with any lump sum payment, any earned bonus is subject to applicable taxes, any other required deductions on file, and current 401K contribution elections at time of payout. It will be paid on a separate check and taxed at the normal tax rate. For yearend tax purposes, the lump sum bonus is included in regular wages.
USIC is excited to offer this Pay-for-Performance Bonus Plan to each of you and to recognize its top performing employees, and I think you will find it a rewarding process.
Best Regards,
Mike's Signature



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