Is It Mandatory To Sign Attendance Register
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Attendance Bonus acts as a motivation to employees and helps reduce unplanned Leaves; helps plan better Staffing/Manpower!! Though as mentioned by Mr. Khosla, no act specifies the same.
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Such bonus policies are majorly found in IT and ITES industries!!
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As no Act has defined it, organization makes their own policies regarding the Attendance Bonus/incentive.
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Generally, Attendance Bonus is paid to those emplyees though do not take any unplanned/unapproved leave in a particular month!! Those who avail their planned leaves are considered for Attendance Bonus/Incentive.
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Some organizations have slabs/buckets for Attendance Bonus/Incentive.
For Example:
If an employee has No Unplanned Leaves: Rs. 1500
If an employee has 1 Planned Leave: Rs. 1350
If an employee has 2 Planned Leaves: Rs. 1200
If an employee has 3 Planned Leaves: Rs. 1000
If an employee has 3-5 Planned Leave: Rs. 800
If an employee has more than 5 Planned Leaves: Rs. 500
If an employee has 1 or more Unplanned Leaves: Rs. 0 6.
Similarly, some IT/ITES also pay Shift Incentives so as to motivate their employees to work in Late, Graveyard or early Morning shifts. Hope i have given you clarity on the subject.