Raghunath_bv
General Manager-hr & Admin
Harsha_chintu
Hr Professional
Raagiinee
Hr Coordinator
Nitai3
Service
+4 Others

Dear All,
I need Reward policy to implement in a manufacturing company.
Kindly send me draft or information for the same.

Well if you can tell me the types of awards. i mean wat all awards we can offer to the employee? then also it would be gr8....
Thanking you all in advance
Regards,
Anupama

From India, Pune
Hi You can motivate employee by giving Recongnition, gift certificates, training, arranging special events, cash awards, variables etc. Regards, Deepa
From India, Mumbai
hai my name is hari and i am new to this group.
we are finalising a reward policy for one of our group company so pls forward me a copy of the same my per mail id is
expecting ur replies at the earliest

From India, Thiruvananthapuram
Dear Harsha,
Even I think its better if you post this directly on Cite HR rather than emailing everyone.
If it is not possible to post directly then kindly email me at
thanks in advance
shalini

From India, Chandigarh
Dear Harsha, can u send the parameters for designing reward policy to me alos. I have task to desing the policy for R&D employees, typically Scinetists and PG Engineers. This is really giving me atough time.
Thanks and Regards,
Manasi Puntambekar

From India, Pune
Hello Harha,
While going through the article it seemed to be a different & knowledgeable topic to lean & understand.
May i request you to forward the same on my id
Thanks & Regards
Ragini M Deshmukh


Hi
exactly we dont have reward policy , but i have posted Refferal reward policy have a look, if it is useful, make use of it..
REFFERAL REWARD POLICY

Objectives
  • To shorten the cycle time to select and recruit required manpower, our own employees are to be considered as potential channels.
  • To reward our employees who refer the right candidates and facilitate in recruiting them to meet our growing demands for manpower.
  • To reduce the cost of manpower recruitment and enable internal employees to build / add / contribute to development of effective teams and to attract excellent skills / resources
  • To guarantee productivity and longer stay of the referee in the organization.
Applicability
  • All regular full time employees / Trainees (including those in F.T. and P.T. phase ) are eligible for the claim of the reward, with the exception of the following associates belonging to the following departments.
a) HR Recruitment
b) HR Post recruitment
c) HR –IT recruitment and
d) Heads Of Departments (H.O.D.'s)
Operative Guidelines
  • The title of the policy is " Employee Referral Reward Policy”.
  • Reward is for every successful referral, which results in the actual joining of an individual.
  • Referral reward will be paid to the referrer only after 60 days of completion of service by the referred employee.
  • An employee / Trainee is encouraged to make as many references as possible. The names of the referrals will be announced /communicated to the respective departmental heads upon approval received from HR Recruitment dept.
  • The one time reward will be paid by cheque within 15 days after completion of the eligibility period.
  • On the date of payment of reward, both, the referrer and the referee should be on the rolls of the company.
  • The referral reward will be paid on the 25 th of every month.
The Referral Reward details:


Referral's Level

Reward Amount

For FRESH Telesales Executives / P.E.'s / (CC-1 grade)

Rs. 3,000 /- per referral

For Telesales Executives / P.E.'s / with 6 to 12 months relevant experience

(CC-1 grade)

Rs. 5,000 /- per referral

For Supervisors / Executives CC-2 grade and Senior Supervisors / Sr. Executives in CC – 3 grade

Rs. 9,000 /- per referral

For Deputy Managers & managers in CC-4 and CC –5 grades

Rs. 15,000 /- per referral

For Senior Manager CC-6 grade and Above

Rs. 25,000 /- per referral
  • All rewards are subject to income tax deductions as per the Income tax Act.
  • The referrer should write his or her Full Name/ID number/Designation/ Department at the top of the referral's resume with signature and forward to Human Resource Recruitment dept. Recruitment dept would endorse and process the resume. If two or more employees refer the same candidate, the reward amount will be released to the employee who submitted the resume first to HR recruitment dept. In the event of a dispute the decision of Recruitment dept will be final. Human Resources Recruitment department has the final decision regarding any issues under this policy
  • HRPR department will receive a monthly statement of referrals authorized by recruitment dept and accordingly notify Accounts on or before the referral completes 60 days of service (from his / her date of joining) in the organization to release the reward after ensuring the policy compliance.
  • Employees are expected to reckon this policy in such a manner that the efforts put in by them do not hinder or compromise their commitment to work / job in any way..
  • The above reward scheme cannot be claimed as right.
The above reward can be withdrawn without any notice and at the discretion of the Management.

From India, Coimbatore
Hi everyone..

We have a reward policy for our employees who are paid if their referal is successful. The policy is as follows :

We have levels like M1 - M7 (Managerial cadre) where M1 being the highest cadre and M7 being the least, A1 - A4 (Administrative cadre) where A1 being the highest and A4 being the least.

The employee would be paid based on the grade in which his/ her referee joins.

the rewards are as follows :(All the figures are subjected to tax)

A1 - A4 cadre -> 10,000/-

M6 and M5 grades -> 25,000/-

M4 and M3 grades --> 40,000/-

M2 grade - Rs. 50,000/-

Employee referrals are not taken for M1 grade as they are decided by the Group Executive committee.

The employee will get the referral bonus only after his/ her referre completed 3 months of service in the company.

This reward scheme is applicable to only the full time employees in the company.

The reward scheme is not applicable to the following :

1) HR Department

2) HOD's (Funtional heads and head of departments/ sector heads)

3) Contract employees

4) Probationers

5) Trainees

6) Full time/ partime Consultants/ advisors

Friends, please get back to me in case of any doubts clarifications/ suggestions...if any..

regards

Harsha.

From India
you have lots of option Best Idea Kaizen cost saving hygine best employee.of month, quarterly, yearly. e — -t — -c- nitai
From India, Pune
hiii harsha can u please send a copy to me ..im pursuing MBA frm pune and im rite nw doing y interns on compensation benchmarking..i have sent u a frnd request also.. Regards Sweta Sinha
From India, Jaipur

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