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Reward and Recognition Policy Hrdguru
Reward and Recognition Policy Hrdguru
OBJECTIVE
Bring in achievement orientation amongst employees and thus creating an
organisation nurturing performance and innovation.
Reward & Recognition to high performers
Recognize every staff employee being a valuable asset of the organization, by
participating in & celebrating his/her special moments.
ELIGIBILITY
All employees on the rolls of the company.
POLICY DETAILS
1. REWARDS
C) Team Award
D) Annual Awards
Appreciation of good work done within the Department, that sets an example for
the rest of the employees, would be done by highlighting the contributions through
an appreciation letter by the HOD and display on the Notice Boards.
The HOD at his discretion may send the employee for a dinner for two/ present a gift
(maximum Rs.350/-). The amount would be given in the form of reimbursement.
Objective
Qualifying Criterion
These Awards are given for contributions that have a significant impact on the
function/business of the company.
C) Team Award
D) Annual Award
Objective
The purpose of this award is to recognize the “Best Performer” of the year. The
annual award would have two categories.
Procedure
1. There would be one award in this category. The nominations would be from
amongst the quarterly award winners.
2. HR Head would make the presentation of the nominated persons for the PIIL
Annual Award to the PL forum to discuss the nominations before
announcing the final award.
3. This award would consist of a certificate signed by the MD along with a
cheque of Rs. 10,000/- or a three-day holiday package to any holiday resort,
subject to an expenditure ceiling of Rs. 10,000/-.
4. A copy of the certificate would be placed in the personal file alongwith an
insertion in “PIILvani” & the name shall be displayed on the notice board.
5. The award would be given on 1st May every year.
2. RECOGNITION
Objective
Birthday: The employee would be greeted by a Birthday Card & bouquet on the day of
his/her birthday by the HOD. A cake cutting function shall be held on the last birthday of
every month.
Wedding: On the occasion of the wedding of the employees or their children, a gift
cheque of Rs. 1100/- would be presented to bride/bridegroom along with a bouquet.
The HR Department will maintain the database required for the execution of this
policy.
For the purpose of Birthdays, the date as recorded at the time of joining the
company shall be considered.
In case of marriage of an employee or his/her children, intimation should be sent
to the HR Department well in advance to facilitate the presentation on time.
The performance of the child/children of the employee should be communicated
to the HR Department along with the supporting documents. The cheque, as per
the entitlement, will be made only in the name of the child/children and will be
paid annually for the previous academic year.
General
Achievements :
Action :
Annexure - II
NOMINATION FORM FOR AWARDS.
Award Recommended :
Performer of the Quarter Team Award
Following are the details of his / her / team’s contribution in quantifiable terms :-
Achievements:-
Recommendations:
Name : 1 2 3 4 5 6
Signature :
Annexure – III
NOMINATION FORM FOR AWARDS.
FOR ANNUAL AWARD (Nomination form for CEO’s annual award for HODs at Regions):
Achievements :-
_____________
COO