Hi Everyone.
I work for a IT firm in Bangalore as HR . I have been asked to work on th 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 letter
Please let me know on the above at the earliest. I need to come out on the first draft by 23rd April07.
Regards
Anu
I work for a IT firm in Bangalore as HR . I have been asked to work on th 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 letter
Please let me know on the above at the earliest. I need to come out on the first draft by 23rd April07.
Regards
Anu