Gadget Incentive

ILC2011-06-01

TO                    :           ALL SBU

SUBJECT         :           GADGET INCENTIVE

OBJECTIVES:

            1.  To decrease employee turn-over;

            2.  To attain Zero Vacancy and 100% promotable employees;

            3.  To motivate newly hired to stay in the company and retain
                 good employees.

WHAT: GADGET INCENTIVE

WHO: ALL EMPLOYEE

TS/GT Entry Level	TECHNICAL (ACMO SFC/AP/AR/CSS/Loan Asst.)
Six (6) months to 1 year and Above) Passed the Performance Evaluation for the Semester with a grade of 85% and above Cellphone worth P3,000.00 – P3,500.00 Sharing: 50% Employee – 50% Company Salary Deduction	Six (6) months to 1 year and Above) Passed the Performance Evaluation for the Semester with a grade of 85% and above Notebook / Laptop worth P11,000.00 Sharing: 50% Employee – 50% Company Salary Deduction *In excess of  P11,000.00 is allowed provided the difference will be shouldered by the Employee

Provision:

If an employee resigns or terminated within  one year, the Employer’s 50% share will be charged to the employee and will be deducted to his/her last salary.

Locked-In:  If within two years and the employee resigns or terminated for a cause, the employee will pay for the total cost of the gadget or will pay Ten Thousand Pesos (P10,000.00) whichever is higher.

For your information.

JORGE U. SAGUINSIN

Senior Managing Director

Holy Gardens Memorial Park Group Customer Service, Excellence,Learning, Flexibility and Adaptability for all "Helping in the Grief of Many People"