Rewards & Recognition Policy

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 organisation, by
participating in & celebrating his/her special moments.

ELIGIBILITY
 All employees on the rolls of the company.

POLICY DETAILS

Rewards:

Reward will mean a token of appreciation of the contribution/performance of employees

leading to significant improvements in the work processes and effectiveness. The
employees would be rewarded for their contribution through four categories of awards as
given here under:

A) Good Work Done

B) Performers of the Quarter

C) Team Award

D) Annual Awards
A) Good Work Done

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.____/-). The amount would be given in the form of reimbursement.

Intimation should be sent to the HR Department as per enclosed format (Annexure-1) to

facilitate the reimbursement and publicizing the contribution. This award may be given
as and when employees make such contributions.

B) Performers of the Quarter

Objective

 To Provide healthy competitive environment wherein employees are motivated to

excel.
 To identify high performers and nurture the excellence amongst them.
 Recognize & Reward outstanding contributions made by an employee in achieving
the organizational objectives and goals.

Qualifying Criterion

These Awards are given for contributions that have a significant impact on the
function/business of the company.
HODs would identify the Top Performers based on the outstanding
performance/contributions based on the following factors:

(i) Quality & Innovation: Suggesting process improvements leading to improvements

in quality, devising new ways of working in the organization that results in time
saving or easier work processes.

(ii) Cost: Suggestions/actions which result in substantial savings to the company

 (iii) Delivery: Consistently exceeding the set targets.

(iv) Customer Orientation: Going out of way to help customers and meeting their
requirements, reflecting extraordinary service orientation to achieve customer
satisfaction.

Revenue Generation: Suggesting new ideas that lead to increased revenue.