Rewards and recognition policy

Purpose of a rewards and recognition policy

The Rewards and Recognition Policy is designed to motivate and acknowledge the exceptional efforts of the employees, particularly those in field positions, whose individual or team performances significantly contribute to the company's overall objectives. 

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This policy rewards template introduces a variety of awards, encompassing both monetary and non-monetary recognitions, tailored to the significance of the contributions.

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Objectives of rewards and recognition policy

The objectives of the rewards are:

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1. To acknowledge the substantial and impactful contributions made by employees in fulfilling their responsibilities, despite facing various challenges.

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2. To promote behaviors that support personal, team, and organizational objectives in alignment with our mission and business goals.

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3. To establish "role models" within the company for others to emulate and exceed.

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4. To set high-performance benchmarks and foster a team-centric work culture.

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5. To provide prompt recognition to enhance employee productivity and work quality.

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Scope of the rewards policy

The employees selected for rewards must satisfy the following criteria:

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1. The employee should be a regular staff member, excluding those on consulting assignments.

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2. The employee should have completed at least six months of service with the Company.

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3. The employee should not have any formal disciplinary actions recorded within the past 12 months.

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4. The employee must have written documentation of outstanding performance, endorsed by their direct supervisor.