Hi All, Is anyone aware of the benefits (In addition to than salary hike) given to the employee after promotion. Regards Soumya
From India, Kochi
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From India, Kochi
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Dear Ms. Soumya,
It is proportional to EMPLOYEE GRADE and Organisation (size, turnover, etc). If you have a grade system in your organization, then you can obtain information from your HR. There are numerous benefits, and it varies from organization to organization. Some organizations extend the limits of the benefits, while some introduce new ones.
With profound regards
From India, Chennai
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315It is proportional to EMPLOYEE GRADE and Organisation (size, turnover, etc). If you have a grade system in your organization, then you can obtain information from your HR. There are numerous benefits, and it varies from organization to organization. Some organizations extend the limits of the benefits, while some introduce new ones.
With profound regards
From India, Chennai
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Hi Mr. Shaik If you may explain with few examples which is already taken into consideration, it would be better for new people like us who are new in the field. Thanks, Shalini
From India, Bangalore
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From India, Bangalore
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Hi Soumya,
Thank you for your message. I have recently joined my company, and I have been asked to suggest methods for our small company of 70 employees, which is involved in software development and staffing. Currently, we have an annual compensation hike and a monthly reward system that includes giving out gift vouchers and monetary rewards. As an additional motivating factor, we organize team outings twice a year.
Could you provide some examples of team outings that have been successful in motivating and engaging your staff?
Best regards,
Shaik
From India, Kochi
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Thank you for your message. I have recently joined my company, and I have been asked to suggest methods for our small company of 70 employees, which is involved in software development and staffing. Currently, we have an annual compensation hike and a monthly reward system that includes giving out gift vouchers and monetary rewards. As an additional motivating factor, we organize team outings twice a year.
Could you provide some examples of team outings that have been successful in motivating and engaging your staff?
Best regards,
Shaik
From India, Kochi
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Dear Ms. Shalini,
As per your request, please find examples below. Please note, not every company can afford to offer benefits to their employees as it is proportional to the organization's turnover, annual profits, nature of business, and business objectives.
1) Executive HR is promoted to Senior Executive HR and escalated to the next level.
Grade level benefits: Petrol allowance, postpaid mobile (allowance restricted to a limit), performance bonus.
2) Senior Executive HR is promoted to Assistant Manager HR.
Grade level benefits: In addition to the previous grade, enhancement in House Rent Allowance (HRA), enhanced performance bonus, loan facility, option to pursue higher education or certification course provided you serve the organization for a specific period - Terms & conditions apply.
3) Assistant Manager HR is promoted to Manager HR.
Grade level benefits: In addition to the previous grade, company vehicle with petrol allowance, raised loan limit, children education allowance, medical insurance, option to undergo further education/certification programs, vacation allowance.
Motivational benefits (short term) are different from benefits associated with the grading system (long term). Small benefits in the form of gift vouchers, money, perks, points system can be carried out either monthly or quarterly to boost employee morale. Again, it depends upon the organization's operational policies associated with targeted productivity.
Organizing events, training programs, get-togethers come under employee motivational policies but not under employee benefits.
The best benefit is to reward employees based on their noted performance. This will help them deliver more than expected. It's like a give-and-take policy.
Moreover, if you adopt the policy "Pay well, extract well," it can work wonders because if an employee fails to meet their targets, they may not receive the same pay as before. In essence, they were paid a specific salary to achieve certain targets. Hence, you are motivating them to earn their livelihood.
It depends on employee psychology. If we happen to employ a rare breed of employees, habitual of taking complete ownership and accountability, I consider that we are blessed, and at the same time, we can enjoy our life.
Should you have any queries, please feel free to revert.
With profound regards
From India, Chennai
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As per your request, please find examples below. Please note, not every company can afford to offer benefits to their employees as it is proportional to the organization's turnover, annual profits, nature of business, and business objectives.
1) Executive HR is promoted to Senior Executive HR and escalated to the next level.
Grade level benefits: Petrol allowance, postpaid mobile (allowance restricted to a limit), performance bonus.
2) Senior Executive HR is promoted to Assistant Manager HR.
Grade level benefits: In addition to the previous grade, enhancement in House Rent Allowance (HRA), enhanced performance bonus, loan facility, option to pursue higher education or certification course provided you serve the organization for a specific period - Terms & conditions apply.
3) Assistant Manager HR is promoted to Manager HR.
Grade level benefits: In addition to the previous grade, company vehicle with petrol allowance, raised loan limit, children education allowance, medical insurance, option to undergo further education/certification programs, vacation allowance.
Motivational benefits (short term) are different from benefits associated with the grading system (long term). Small benefits in the form of gift vouchers, money, perks, points system can be carried out either monthly or quarterly to boost employee morale. Again, it depends upon the organization's operational policies associated with targeted productivity.
Organizing events, training programs, get-togethers come under employee motivational policies but not under employee benefits.
The best benefit is to reward employees based on their noted performance. This will help them deliver more than expected. It's like a give-and-take policy.
Moreover, if you adopt the policy "Pay well, extract well," it can work wonders because if an employee fails to meet their targets, they may not receive the same pay as before. In essence, they were paid a specific salary to achieve certain targets. Hence, you are motivating them to earn their livelihood.
It depends on employee psychology. If we happen to employ a rare breed of employees, habitual of taking complete ownership and accountability, I consider that we are blessed, and at the same time, we can enjoy our life.
Should you have any queries, please feel free to revert.
With profound regards
From India, Chennai
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Hello friends,
Employers usually offer their employees benefits for one or more of the following reasons:
- Attracting and retaining talented employees.
- Aligning benefits packages with those offered in the marketplace.
- Promoting higher levels of morale among employees.
- Providing opportunities for promotion or advancement as workers resign, retire, or move to other positions within the organization.
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I have corrected the spelling, grammar, and formatting of your text. Let me know if you need further assistance.
From India, Ahmadabad
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Employers usually offer their employees benefits for one or more of the following reasons:
- Attracting and retaining talented employees.
- Aligning benefits packages with those offered in the marketplace.
- Promoting higher levels of morale among employees.
- Providing opportunities for promotion or advancement as workers resign, retire, or move to other positions within the organization.
Thanks for visiting [Business Forms Templates](http://www.jbforms.com).
[Carbonless Business Forms](http://jbforms.com) *(link updated to site home)*
([Search On Cite](https://www.citehr.com//results.php?q=Carbonless Business Forms) | [Search On Google](https://www.google.com/search?q=Carbonless Business Forms))
[General business forms](http://jbforms.com) *(link updated to site home)*
([Search On Cite](https://www.citehr.com//results.php?q=General business forms) | [Search On Google](https://www.google.com/search?q=General business forms))
[Customized Business Forms](http://jbforms.com) *(link updated to site home)*
([Search On Cite](https://www.citehr.com//results.php?q=Customized Business Forms) | [Search On Google](https://www.google.com/search?q=Customized Business Forms))
I have corrected the spelling, grammar, and formatting of your text. Let me know if you need further assistance.
From India, Ahmadabad
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