Apollonia PayPoint™ Team Compensation System

At Apollonia Dental Centers..... The Rising Tide Lifts All Boats!

Every team member has an assigned daily minimum compensation (or hourly compensation depending on your particular position in the company).    In addition, each team member shares directly in our prosperity though our proprietary Apollonia PayPoint Team Compensation System.  The same point-based system is used in the Apollonia DecisionPoint™ Voting System to decide issues critical to our future.

Here is how to calculate your individual Apollonia PayPoint compensation:

STEP ONE -- PayPoint Totals:

Each Team Member is assigned points as follows:

 (note: 1 point is intended to equal $100 per work day):

Technician Level         --         0.75      PayPoints      

Coordinator Level       --         1.5         PayPoints

Dental Hygienist          --        3.0         PayPoints                       

Associate Dentist         --        6.0         PayPoints

Professional Director  --        12.0        PayPoints 

STEP TWO -- Daily PayPoint Totals:

Add together the Paypoints for each working team member on any given day, taking into account fractional days worked by each team member.  

For example:

Our configuration as of Jan 1, 2004  yields a total of approximately 36 points per work day.

STEP THREE -- PayPoint Total for PayPeriod:

Now, total the PayPoints for each day in the (bimonthly) PayPeriod.

Examples:  

Typical total PayPeriod Totals would be expected at around 360 PayPoints

for a typical 10 work-day period.

STEP FOUR -- Monthly Team Compensaton:

For each bi-monthly PayPeriod, 40% of the total collections are dedicated to Total Team Compensation (including employer paid benefits and payroll taxes).

Payroll Taxes are approximately 5%, leaving 355% for Team Gross PayChecks:

Examples:

$100,000 collections x 35% = $35,500 Team PayCheck Compensation

This monthly Total Team Compensation is divided by the Total PayPoints to yield the PayPeriod Point Value.

Example:  

$35,000  Team Compensation divided by 360 PayPoints = $97/point

Note: this would require approximately $100,000 collections.

STEP SIX -- YOUR INDIVIDUAL GROSS PAY:

Add up a Personal Point Total for the number of days you worked during the month (including points used as paid vacation or holiday).   Your individual gross pay for the month is equal to the current Monthly Point Value times your monthly Personal Point Total. Again, use fractional points for fractional days.

If your calculated PayCheck is HIGHER than your daily minimum, you will be paid your calculated PayCheck.  If not, you will still receive your daily guaranteed compensation.