Академический Документы
Профессиональный Документы
Культура Документы
Objective/ Purpose
Scope
The Reward and Recognition Policy will be applicable to all employees
and will be disbursed based on set parameters
Motivation & Positive competition on-the-move
The Policy
1. The Reward and Recognition Policy will acknowledge performance and
initiatives at Company, team and individual levels.
2. Reward methods will be used to align individual performance and
corporate objectives.
3. Rewards will be designed to encourage individuals to behave in ways that
support corporate values e.g. teamwork, individual recognition.
4. The reward system will be underpinned by objective methodology for
judging the best on each parameter, and thus reinforce a performance
culture.
5. The Management reserves the right to terminate or make changes to this
policy at any time.
Definitions
Reward - One-time cash or non-cash award for significant outstanding
performance on areas identified and defined.
Guiding Principles
1. Rewards should be given for significant outstanding performance that
advances the departmental goals, and should be tied to a specific
accomplishment.
Alston Technologies
2. Rewards are most effective when they are meaningful to the individual.
3. Care should be taken in communication and distribution of rewards so
that they are not viewed as entitlements.
4. Care should be taken in communication and distribution of rewards so
that they are not viewed as subjective
5. Rewards are not adjustments to base salary, Special Allowance, or
variable pay programs (such as bonus, incentives etc).
6. Spontaneous recognition and rewards would be in the form of an
appreciation letter.
3. Initiator :
Reporting officer of the employee Initiator will be required to provide information on the
nature of contribution made by the employee and the resulting benefits from it to the
company
Alston Technologies
Awards
1. To ensure both fair and consistent application, a core set of rewards and
recognition programs has been developed
2. The various Reward and Recognition Programs to be awarded are as
listed in
3. They are typical of recognition programs identified as best practices and
include both planned and immediate employee recognition programs.
4. Additional recognition programs may be added as the Company becomes
more accustom to their use.
5. The listing will be subject to review every year or based on Business
needs
6. The Awards would be both monetary as well as non-monetary kinds
Award Categories
• Criteria
These criteria have been detailed in the New joinee Assessment form
• Initiator
Reporting officer of the employee would initiate the process by filling the
relevant form and submitting it to HR after seeking approval from the
concerned function Head.
Criteria
Alston Technologies
Criteria for nominating projects/employees for the awards mentioned above would be
as follows.
Parameters Weightage
Parameters Weightage
Criteria
Alston Technologies
Criteria for nominating team members for this award would be as follows.
Parameters
• Cooperates and functions well with others in the pursuit of team objectives
• Leads by example in the pursuit of excellence in performance and delivering
value to the organization
• Inspires team members to achieve high standards of performance
• Actively looks for synergies and fosters cooperation across other functions
• Interacts with others in a sensitive manner and shows respect for their views and
values
• Is self motivated and undertakes initiatives
• Is receptive to feedback
• Shares knowledge and gives credit
• Is open to new knowledge and ideas.
Criteria
Criteria for nominating team members for this award would be.
Proposing any innovative idea or solution which is approved for implementation and
which would lead to improvement in any of the following areas:
• Company Culture
• Company policies
• Functional Processes
• Inter/Intra Functional Team Functioning
• Areas pertaining to individual Role & Responsibilities
• Criteria
Alston Technologies
We take pride in our outstanding performers .They are the major force behind our
success .Criteria for nominating employees for this award would be exceptional
performance in a given role by an employee resulting in significant contribution
to the company in terms of savings/revenues/growth /technological
innovation/improvement in the functioning of the organization etc
Non-monetary Awards
Non-monetary recognition awards include: non-refundable gift certificates;
meals; trips; plaques; trophies; certificates; desk items; cups and mugs;
personal items of clothing such as caps, shirts, and sweatshirts; and other
items such as tools, electronics, radios, sports equipment and timepieces.
Process:
Planned Employee Recognition
This approach is characterized by scheduled ways of acknowledging
contributions and accomplishments of an individual or team. This approach is
less formal and provides more frequent opportunities to recognize employees.
1. The nomination process: The nomination is called from all departments
based on the schedule of disbursement
2. The nominations must be submitted to the HR department committee
with the appropriate documentation for all monetary awards, gift
cards/certificates for any amount and non-monetary awards.
3. The approval process: Nominations reviewed by designated committee
and recommendation made to the Management team; the Management
Team gives the go ahead.
Policy Interpretation
Alston Technologies
The HR Head is responsible for official interpretation of this policy. Questions
regarding the application of this policy should be directed to the HR
department.