Attendance Bonus - planing to prepare a payment grid for bonus payout

Can someone please help me with attendance bonus? I am planning to prepare a payment grid for bonus payout which is as follows:

Sl.No Criteria (Leaves/Quarter) Bonus Percentage No leaves taken during the workweek, i.e., from Monday to Saturday in a quarter. 100% of Attendance Bonus Up to 2 leaves 70% of Attendance Bonus 3 Leaves 50% of Attendance Bonus More than 3 leaves 0% of Attendance Bonus For any unplanned and unauthorized leave in a quarter - Not eligible for that quarter.

Please see if this can be implemented or if anyone has a better plan for this.

Instead of a cash bonus, consider giving Sodexo coupons to staff based on their grade/designation. For each day of attendance/login, provide Sodexo coupons. There are also some tax benefits associated with this approach.

But they are all site engineers with salaries ranging from 1.56 to 3.6 LPA. Our company is into project management for rural electrification, and we are experiencing billing losses related to absenteeism. The purpose of the attendance bonus is to reduce absenteeism across various projects and to motivate individuals not to take any unplanned or unnecessary leaves.

Sodexo coupons are given only when you are on duty. Therefore, the attraction of Sodexo coupons ensures your attendance. During periods of leave or absence, no coupons are provided.