Bonus Policy - Bonus Act

homex
Hi Guys,
Regards,
Its my extreme pleasure to share with all of you as a HR professionals,
Could any one of you plz help me for bonus policy at earliest
i "ll be appreciating & thanx for this act of kindness
Mahfooz-ur-Rahman
HR Manager
Homex-Alesayi jeddah,Ksa
anil.arora
Mr Peer Mohamed, that's really nice and thanks for sharing this with us and hope this will diffidently help the peoples who are looking for the same
tayyabbinzagr
Dear Mahfooz,
Can you call me on 00966-0-568282634, to understand what you meant by HR policy?
Looking to hearing from you soon.
Regards
Mohd Abu Tayyab
HR & Admin Supervisor
Binzagr Factory for Insulation & Materiels Ltd.
Alkhobar- 31952
Saudi Arabia.
siba
Dear Mahfooz-ur-Rahman,
I would suggest there is no need to formulate Bonus policy.Bcoz policy is framed by employer but in case of bonus you ve to adhere the bonus rules as per The payment of bonus act .for example amount of bonus to be distributed is calculated by set on & set off rules & the percentage is also minimum 8.33 % and maximum is 20 % which is applicable to all employee earning below Rs.10000/-
of course you can make a policy on Incentive.
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