EMPLOYEEE RETENTION INCENTIVE

Dear Connections,
in order to curb attrition rate of employees, does anyone have a policy in place for rewarding employees who stick with same organisation for more than 7 yrs, 14 yrs and 21 yrs with some criteria

Kumar Iyer
HR Head-SOLAR CHEMFERTS PVT LTD

The period should not be more than 3 years otherwise it will not create any impact. The scheme may be :-

After completion of 3 years of service it may be 15% of the 3rd year CTC.

After completion of 5 years of service it may be 20% of the 5th year CTC.

After completion of 10 years of service it may be 30% of the 10th year CTC.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
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