Dear Connections,
In order to curb the attrition rate of employees, does anyone have a policy in place for rewarding employees who stick with same organisation for more than 7 yrs, 14 yrs and 21 yrs with some criteria
Kumar Iyer
HR Head-SOLAR CHEMFERTS PVT LTD
In order to curb the attrition rate of employees, does anyone have a policy in place for rewarding employees who stick with same organisation for more than 7 yrs, 14 yrs and 21 yrs with some criteria
Kumar Iyer
HR Head-SOLAR CHEMFERTS PVT LTD
The period should not be more than 3 years otherwise it will not create any impact. The scheme may be :-
After completion of 3 years of service it may be 15% of the 3rd year CTC.
After completion of 5 years of service it may be 20% of the 5th year CTC.
After completion of 10 years of service it may be 30% of the 10th year CTC.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
336After completion of 3 years of service it may be 15% of the 3rd year CTC.
After completion of 5 years of service it may be 20% of the 5th year CTC.
After completion of 10 years of service it may be 30% of the 10th year CTC.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
From India, New Delhi
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Incentive Plan policy-template s.doc