HI Cite Members,
I am employed with a Small IT company, we are in the process of revising our policies.
Major focus of policy revision has to be towards benefits / recognition to older team members i.e. employees who have completed 1 year of service.
Kindly suggest some attractive policies / benefits which would also help towards retention.
Looking forward to your responses.
Regards
Bhavna
From India, Delhi
32I am employed with a Small IT company, we are in the process of revising our policies.
Major focus of policy revision has to be towards benefits / recognition to older team members i.e. employees who have completed 1 year of service.
Kindly suggest some attractive policies / benefits which would also help towards retention.
Looking forward to your responses.
Regards
Bhavna
From India, Delhi
Hi Bhavana,
You can choose any of following suitable to your organization as a benefit for completion of one year of service:
1. Discount coupon of a big shopping store in your city
g
2. Dinner coupon for family to a great dining place
3. Small Increment in salary (not related to performance)
4. A letter of appreciation mentioning good things he/she has done in the past one year in the organization
There can be many other small rewards depending on the budget of the company. Hope my suggestion will give you an idea. M sure you will be more creative than me.
Regards,
Mrinal
From India, Pune
You can choose any of following suitable to your organization as a benefit for completion of one year of service:
1. Discount coupon of a big shopping store in your city
g
2. Dinner coupon for family to a great dining place
3. Small Increment in salary (not related to performance)
4. A letter of appreciation mentioning good things he/she has done in the past one year in the organization
There can be many other small rewards depending on the budget of the company. Hope my suggestion will give you an idea. M sure you will be more creative than me.
Regards,
Mrinal
From India, Pune
Hi Bhavana,
You can choose any of following suitable to your organization as a benefit for completion of one year of service:
1. Discount coupon of a big shopping store in your city
g
2. Dinner coupon for family to a great dining place
3. Small Increment in salary (not related to performance)
4. A letter of appreciation mentioning good things he/she has done in the past one year in the organization
There can be many other small rewards depending on the budget of the company. Hope my suggestion will give you an idea. M sure you will be more creative than me.
Regards,
Mrinal
From India, Pune
You can choose any of following suitable to your organization as a benefit for completion of one year of service:
1. Discount coupon of a big shopping store in your city
g
2. Dinner coupon for family to a great dining place
3. Small Increment in salary (not related to performance)
4. A letter of appreciation mentioning good things he/she has done in the past one year in the organization
There can be many other small rewards depending on the budget of the company. Hope my suggestion will give you an idea. M sure you will be more creative than me.
Regards,
Mrinal
From India, Pune
Hi Bhavna, You could also consider insurance as a benefit to an employee completing one year. You can increase the sum insured for greater no of years of service. Hemant
From India, Mumbai
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Questionnaire on Effectiveness of Monetary Benefits on Motivation and retention of employees.doc