Dear All,
Please help me out regarding Attendance Bonus, In my knowledge attendance bonus can be availed only if employee has 100% attendance in a month
But what if employee has taken a leave from his paid leaves
Thanx & Regards
Smita
From India, Mumbai
Please help me out regarding Attendance Bonus, In my knowledge attendance bonus can be availed only if employee has 100% attendance in a month
But what if employee has taken a leave from his paid leaves
Thanx & Regards
Smita
From India, Mumbai
Dear Smita,
1. Attendance Bonus acts as a motivation to employees and helps reduce unplanned Leaves; helps plan better Staffing/Manpower!! Though as mentioned by Mr. Khosla, no act specifies the same.
2. Such bonus policies are majorly found in IT and ITES industries!!
3. As no Act has defined it, organization makes their own policies regarding the Attendance Bonus/incentive.
4. Generally, Attendance Bonus is paid to those emplyees though do not take any unplanned/unapproved leave in a particular month!! Those who avail their planned leaves are considered for Attendance Bonus/Incentive.
5. Some organizations have slabs/buckets for Attendance Bonus/Incentive.
For Example:
If an employee has No Unplanned Leaves: Rs. 1500
If an employee has 1 Planned Leave: Rs. 1350
Ifan employee has 2 Planned Leaves: Rs. 1200
If an employee has 3 Planned Leaves: Rs. 1000
If an employee has 3-5 Planned Leave: Rs. 800
If an employee has more than 5 Planned Leaves: Rs. 500
If an employee has 1 or more Unplanned Leaves: Rs. 0
6. Similarly, some IT/ITES also pay Shift Incentives so as to motivate their employees to work in Late, Graveyard or early Morning shifts.
Hope i have given you clarity on the subject.
Regards,
Rahul Chhabra
From India, Delhi
1521. Attendance Bonus acts as a motivation to employees and helps reduce unplanned Leaves; helps plan better Staffing/Manpower!! Though as mentioned by Mr. Khosla, no act specifies the same.
2. Such bonus policies are majorly found in IT and ITES industries!!
3. As no Act has defined it, organization makes their own policies regarding the Attendance Bonus/incentive.
4. Generally, Attendance Bonus is paid to those emplyees though do not take any unplanned/unapproved leave in a particular month!! Those who avail their planned leaves are considered for Attendance Bonus/Incentive.
5. Some organizations have slabs/buckets for Attendance Bonus/Incentive.
For Example:
If an employee has No Unplanned Leaves: Rs. 1500
If an employee has 1 Planned Leave: Rs. 1350
Ifan employee has 2 Planned Leaves: Rs. 1200
If an employee has 3 Planned Leaves: Rs. 1000
If an employee has 3-5 Planned Leave: Rs. 800
If an employee has more than 5 Planned Leaves: Rs. 500
If an employee has 1 or more Unplanned Leaves: Rs. 0
6. Similarly, some IT/ITES also pay Shift Incentives so as to motivate their employees to work in Late, Graveyard or early Morning shifts.
Hope i have given you clarity on the subject.
Regards,
Rahul Chhabra
From India, Delhi
Dear Smita,
As suggested by several members Attendance Bonus (AB) scheme is dependant upon the company policies.
Some companies offer AB for 100% attendance while some others permit 1 day planned leave (provided he has leave to credit)
But there is also a unique scheme wherein the AB progressively increases for every month of punctual attendance.
For Example the AB starts at say Rs.200/- in January and for every month of right attendance the amount multiplies 400, 600 ----2400 in December. But on any given month there is a break in Attendance then it once again starts from 200/- in the succeeding month.
If the employee earns AB consequetively for the first half year Jan - Jun he gets Rs.1200/- (6 months X Rs.200/-) + Rs.1200/- additional bonus. Likewise this is repeated during the second half year if he is regular. If he is regular for the whole calendar year then he earns Rs.2400/- (12 months X Rs.200/- + Rs.1200/- half yearly bonus + Rs.2400/- Annual Bonus = Rs.6000/- in December. By this way the employee not only tries to maintain regular attendance throughout the year but also strives to abstain himself from work as he will loose substantial earning in December.
The scheme can always be fine tuned for the second, third successive year and so on as per your policies.
M.V.KANNAN
From India, Madras
As suggested by several members Attendance Bonus (AB) scheme is dependant upon the company policies.
Some companies offer AB for 100% attendance while some others permit 1 day planned leave (provided he has leave to credit)
But there is also a unique scheme wherein the AB progressively increases for every month of punctual attendance.
For Example the AB starts at say Rs.200/- in January and for every month of right attendance the amount multiplies 400, 600 ----2400 in December. But on any given month there is a break in Attendance then it once again starts from 200/- in the succeeding month.
If the employee earns AB consequetively for the first half year Jan - Jun he gets Rs.1200/- (6 months X Rs.200/-) + Rs.1200/- additional bonus. Likewise this is repeated during the second half year if he is regular. If he is regular for the whole calendar year then he earns Rs.2400/- (12 months X Rs.200/- + Rs.1200/- half yearly bonus + Rs.2400/- Annual Bonus = Rs.6000/- in December. By this way the employee not only tries to maintain regular attendance throughout the year but also strives to abstain himself from work as he will loose substantial earning in December.
The scheme can always be fine tuned for the second, third successive year and so on as per your policies.
M.V.KANNAN
From India, Madras
Hi Everyone
Actually it is purily depends on organazation policy.industry culture .. But one think i want to discuss & that is the moto of attandance allo. is to reduce absenteesem & increse productivity if employee are going on leave with proper channel then u can prepare for future situation ..s o plan out what will be the effect on your cultur..
Regards
From India, Velluru
Actually it is purily depends on organazation policy.industry culture .. But one think i want to discuss & that is the moto of attandance allo. is to reduce absenteesem & increse productivity if employee are going on leave with proper channel then u can prepare for future situation ..s o plan out what will be the effect on your cultur..
Regards
From India, Velluru
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