Objective
The Quarterly Team Leaders Incentive is part of Infinit-O’s Rewards and Recognitions program that aims to give incentives to leaders based on their performance per quarter. This program has replaced the annual bonus for team leaders.
Scope
This program shall apply to all Infinit-O leaders within the Job Grade 3 and up category.
Provisions
For a leader to qualify for this program, he/she must be a regular employee.
Promoted / Regularized leaders within the quarter will be included and apply a prorated calculation of the incentives.
Separated or Rendering leaders before the release of the incentive will not be eligible for the incentive program.
The deadline for updating the Individual Performance of TMs will be every 20th day of the month after the quarter's end using the Performance Management System (PMS).
Leaders with Zero PMS or below 3 rating will not qualify for the incentive.
The incentives will be calculated based on the salary on the last day of the quarter. Salary changes, approved by the management/client, after the last day of the quarter will not be used even if effective dates are retroactive.
No retroactive calculations will be done once payment for the quarterly incentives is made.
Leaders who received DL, within the quarter of the incentive program, will be excluded from the incentive program based on the type of DL issued and the degree of sanction received (based on updated TOO).
The following Sanctions will merit automatic exclusion from the incentive program:
Dismissal
Final Warning
Percentage of incentives is calculated based on 50% Individual and 50% Company performance for the following Job Grades:
Responsibility
Managers are responsible for providing KPI scores of their direct reports every quarter using the PMS system.
HR-ER Team is responsible for consolidating and updating the tracker used for calculating the incentives.
HR-ER Team is responsible for sending Letters to newly regularized/promoted leaders regarding this incentive program.
Finance is responsible for sharing the Company Scores. Finance is responsible for checking the accuracy of the tracker and crediting the incentive.
Sample computation:
Frequency
Quarterly
Incentive to be credited based on the following timeline:
Distribution
HR ER
Team Leader
Finance
Usage
Qualification is via the company's performance management system tools.
HR reviews and updates the incentive tracker.
Finalized incentive tracker is forwarded to finance for review, approval, and payment processing.