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Linked HR Policy : Incentives & Rewards policy

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HR Policy Quiz

Linked HR Incentive Benefit Policy

The Linked HR Incentive Benefit Policy is designed to reward employees for their hard work, dedication, and achievements. This policy outlines clear guidelines on performance-based incentives, milestone rewards, and eligibility criteria to ensure fair and transparent recognition.

To stay informed and ensure you can benefit from these incentives, we request all employees to review the policy and acknowledge their understanding.

Action Required:

Please  read the policy and complete the acknowledgment process.

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1. What is the primary purpose of the Incentives & Rewards policy?
A) To determine salary structures B) To govern employee incentives & rewards paid on a periodic basis C) To define working hours and overtime rules D) To establish company profitability guidelines
2. When does the Incentives & Rewards policy become effective?
A) 1st January 2024 B) 1st March 2024 C) 31st December 2023 D) 1st April 2024
3. What does the policy define as incentives & rewards?
A) Guaranteed cash bonuses B) Non-guaranteed cash or non-cash components paid to qualifying employees C) Fixed salary increments based on tenure D) Only non-cash rewards like gifts and vouchers
4. Which of the following is NOT listed as an incentive or reward in the policy?
A) Operations Performance Bonus B) Pet Project Bonus C) Attendance Bonus D) Leadership Bonus
5. What is the minimum performance score required to qualify for an inflation-linked performance-based annual increase?
A) 50% B) 60% C) 65% D) 70%
6. Employees with an average performance score of 80% or higher qualify for what annual salary increase?
A) CPI + (CPI * 10%) B) CPI + (CPI * 20%) C) CPI + (CPI * 50%) D) Fixed 5% increase
7. What is the primary condition for participating in the Operations Performance Bonus program?
A) Employee must be in a leadership role B) Participation is by invitation only, at management’s discretion C) Employee must work in HR or Finance D) Employee must have a performance score below 60%
8. How many billable hours per month must an employee achieve to qualify for the Operations Performance Bonus?
A) 30 hours B) 40 hours C) 50 hours D) 60 hours
9. When are accrued performance bonuses paid to employees?
A) Monthly B) Quarterly C) Annually in March D) At the time of resignation
10. Who is eligible for the Support Function Bonus?
A) Only employees in leadership roles B) Non-operational, non-business development employees, such as Finance and HR staff C) Only employees with over five years of experience D) Sales and marketing employees
11. What is the minimum performance score required to qualify for the Support Function Bonus?
A) 60% B) 65% C) 70% D) 75%
12. What is the basis for the Leadership Bonus calculation?
A) Employee’s performance score only B) Employee’s performance score and subordinates' billable hours C) Company profitability only D) Employee’s attendance and punctuality
13. How is the Pet Project Bonus awarded?
A) Based on tenure alone B) Only for employees who work overtime C) By invitation only, at management’s discretion D) Through an annual performance review
14. What is the minimum service duration required to qualify for a Service Term Bonus?
A) 2 years B) 3 years C) 5 years D) 10 years
15. How long after completing a service term milestone is the Service Term Bonus paid?
A) Immediately upon completion B) One month after completion C) At the end of the financial year D) Upon resignation
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