Performance

Management System
@Ashray
Performance Philosophy
Vision

Prompt, Perfect, Preferred, No Ceiling on Excellence

We aim at creating excellence in living spaces by

synergizing Human & Business and exceeding our
Mission

stakeholders expectations through continuous

improvement driven by Integrity, Commitment &
Teamwork
Values

Quality, Teamwork, Integrity, Respect for People

Ashray’s Performance Philosophy

You Perform, Ashray Performs,
Ashray Grows, You Grow
Process Map
Salary
STEPS

Mid Year Annual Increments

Goal Setting
Review Review & PLI
Payout
TIMELINE

April October March April

2019 2019 2020 2020

Performance Matrix
Salary PLI
Increment Payout
Exceeded Expectations 15% 125%

Met Expectations 10% 100%

Not Met Expectations 5% 75%

New Compensation
Strategy
for Ashray Group
CURRENT COMPENSATION
PROPOSED COMPENSATION STRUCTURE
STRUCTURE

Basic Salary Component Description

Basic Salary 40% of Fixed Salary

Mobile House Rent Allowance 50% Of Basic

Tea Education Allowance 2400/- Per Annum

Annual Bonus Balancing Figure

Other Allowance
Gross Salary
Fixed Salary

Performance Linked Incentive 10% of Fixed Salary

Cost to Company