Pay Administration
PAY SCHEDULE
Work Hours At Kotn, a full work day consists of 8 hours. We value productivity and efficiency in our work environment. It is expected that employees adhere to the designated work hours, unless otherwise specified by their supervisors or as per applicable labor laws.
-Payroll for Salaried Employees Kotn's payroll for salaried employees is provided on a monthly basis, specifically on the 28th of each month. This payment covers the current month's work period. We use electronic funds transfer to ensure secure and efficient payment processing.-Payment Notification Upon the completion of payroll processing, salaried employees will receive a notification indicating that their salary has been deposited into their registered bank account with Top Business. This notification serves as confirmation of payment.
PAY CHANGES AND RAISES
Annual Basis and Performance At Kotn, remuneration changes are typically made on an annual basis. These changes are determined based on performance evaluations and considerations of the market rate for similar roles. We value fair and competitive compensation practices to recognize and reward employees for their contributions.
Factors for Remuneration Changes Remuneration changes may also occur due to other factors such as position changes, promotions, or market-related considerations. These factors may include industry salary analysis, fluctuations in the market cost of living, or variations in sales volume.
Individual Discussion In cases where remuneration changes are requested outside of the regular annual review cadence, we encourage employees to engage in an individual discussion with their direct manager. These discussions provide an opportunity to explore the specific circumstances and consider appropriate adjustments based on the employee's individual situation.
At Kotn, we are committed to maintaining a transparent and equitable approach to remuneration changes. We value open communication and encourage employees to engage in discussions with their managers to address any remuneration-related matters.
EXPENSES
All company purchases must be pre-approved by your direct manager. Before submitting payables, please review the Vendor Invoicing and Payment Guide. Please submit all corporate expenses through Accounts Payable, Smart Sheet AP Link.