Employee Loyalty Bonus - Jpg Download - CiteHR
V. Balaji
Ir & Hr
Kishor Telang
Manager ( Admin & Hr)
+1 Other

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
We have designed employee loyalty bonus program to attract & retain the employees working with us for a long term.
Plz go through the attached file containing the program features, benefits & conditions and suggest corrections and / or modifications if any. Also plz suggest any other alternate provisions, benefits similar to this program.

Attached Images
Membership is required for download. Create An Account First
File Type: jpg Loyalty Bonus.jpg (203.2 KB, 982 views)

Loyalty Bonus is the the one is paid or payable to an employee for the contribution i.e. length of service he is put in. This is a type of retaining strategy a company can adapt.
In my opinion this must not be clubbed or introduced as an alternate to payment of "(statutory) bonus". Some companies pay Bonus to employees even if they exceed the statututory limit (of Rs.10,000 salary).
Now, bringing a new system of "loyalty" Bonus is something a different approach to keep an employee for a long time. By introducing or proposing to introduce this system will not yield any big results.
I have introduced a loyalty Bonus system, have a look at it.

Attached Files
Membership is required for download. Create An Account First
File Type: doc Loyalty Bonus scheme - usable.doc (47.5 KB, 1189 views)

Is this scheme open to all , or by invitation only. Is this amount considered in CTC? Kishor
Dear Team,
Can any one support on the content of announcing loyalty bonus in the company as their benefit

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™