Seeking Advice on Tailoring Benefits for Employee Retention in IT Firms: How Would You Approach It?

Dear seniors, please share your thoughts on the following areas with the objective of retaining employees in an IT firm:

Categorization of Employees

- Newly joined employees in the company
- Employees with 1 to 2 years of experience with the company
- Employees with 3 to 4 years of experience in the company

Benefits will vary based on the level; for example, more experienced employees with the company will have more benefits.

Implementing Indemnity for Various Experience Levels

How to implement an indemnity for various experience levels such as 1+ years, 2+ years, etc.

Kindly post your queries here. I understand that this may not be clear to everyone. This idea was given to me by my boss. I need to prepare an Excel sheet on this. If any doubts arise, please ask here so that I can also be clarified after a discussion.

Thank you,
Soja Oliver

Dear seniors, please share your thoughts on the following areas with the objective of retaining employees in an IT firm:

Categorization of Employees

- Newly joined in the company
- 1 to 2 years of experience with the company
- 3 to 4 years experienced in the company, etc.

Benefits will vary according to the level; for example, more experienced employees with the company will have more benefits.

Implementing Indemnity for Various Experience Levels

- 1+ years
- 2+ years, etc.

Kindly post your queries here. I understand that this may not be clear to everyone. This idea was given to me by my boss. I need to prepare an Excel sheet on this. If any doubts arise, please ask here so that I can also be clarified after a discussion.

Thank you,

Soja Oliver

Dear seniors, please share your thoughts on the following areas with the objective of retaining employees in an IT firm:

Employee Categorization

- Categorization of employees, such as newly joined in the company, 1 to 2 years of experience with the company, and 3 to 4 years of experience in the company, etc. Benefits will vary according to the level; for example, more experienced employees with the company will have more benefits.

Implementing Indemnity

- How to implement an indemnity for various experience levels such as 1+ years, 2+ years, etc.

Kindly post your queries here. I understand that this may not be clear to everyone; I only got this idea from my boss. I need to prepare an Excel sheet on this. If any doubts arise, please ask here so that I can also be clarified after a discussion.

Thanks,
Soja Oliver

Anybody, please give me some direction on this. I have prepared an Excel sheet. Please go through it and provide me with more clarification.

Regards,
Soja

How will this notice period work for individuals with 3-4 years of experience who have a 15-day notice period? Their roles and responsibilities will be significant. They will need to transfer their responsibilities to others, so top management should have at least a 3-month period.

Thank you.