Hi Everyone,
I work for an IT firm in Bangalore as HR. I have been asked to work on the Retention Bonus for Senior Management staff. I need help on:
- What percentage of the salary (Gross) to be taken or have a fixed amount?
- What is the normal standard/terms for paying the retention bonus for Seniors? Is deferred bonus pay for seniors OK?
- Sample format of a letter
Please let me know about the above at the earliest. I need to come up with the first draft by 23rd April 07.
Regards,
Anu
I work for an IT firm in Bangalore as HR. I have been asked to work on the Retention Bonus for Senior Management staff. I need help on:
- What percentage of the salary (Gross) to be taken or have a fixed amount?
- What is the normal standard/terms for paying the retention bonus for Seniors? Is deferred bonus pay for seniors OK?
- Sample format of a letter
Please let me know about the above at the earliest. I need to come up with the first draft by 23rd April 07.
Regards,
Anu