Reward & Recognition

Purpose

The objective of this policy is to acknowledge the efforts and engagement of an employee with the Company’s success and contribution done by an Individual/Group.

Further encourages an employee/group to showcase his/her best talent, acknowledged with reward & recognition by different means of certificate, cash reward, mementos.

Eligibility– Employee on Grade 4 and below – All Payrolls.

Schemes	Definition	Procedures	Awards
Star Performer of the month	Apart from routine job profile, an extra-ordinary performance or outcome of the task attained during that month and shown significant contribution in the business.	To be nominated by the immediate reporting Senior /Manager to HOD. Based on the recommendation, HOD will forward the most deserving case to HR Dept. HR Dept, based on the consolidated data & high merit case will be submitted for ED/CMD’s approval.	Cash prize of 3%[WU1] on the actual saving or profit done to the Company.
Employee of the year	Based on the number of Star Performer award / Volume of business / Significant business process gained / outcomes accomplished.		Plaque Certification Cash prize
Excellence award	Excellence in one’s area of work Demonstration of an innovative approach to job performance Exemplary practice of shared values Excellence in Customer Interactions.		Plaque Certification Cash prize

Above scheme is applicable Zone-wise and nomination received from the Zonal Head and approved by HODs.

Eligibility– All employees on VINSUM payroll

Service Award

Continuous service with the Company.

Based on the service period of 3,5, or 10 years with the company.

Plaque

Certification

Cash prize

Payment

Cash award will be processed along with the current month payroll.