Professional Documents
Culture Documents
Group Assignment (Assignment 1)
Group Assignment (Assignment 1)
HIMANI (200536405)
ARPANJOT (200539809)
KICK-START
mission
Our mission is to build a better world today,
engineering innovative, scalable and secure software
products and solutions
Objectives
Compensation
(Source- https://3r-strategy.com/what-is-a-reward-strategy/ )
A total reward approach looks at what an organization is trying to achieve, what your people
want, what is affordable, and the structures needed in place to achieve this. We base our
approach on the four pillars of workplace fulfillment, which covers the following areas:
1. Pay: Our organization pays its employees reasonably and fairly for the services that they
provide (time, effort and skills). This includes both fixed (salary and allowances) and variable
(bonus and incentives) pay. The cash compensation provided to employees increases over time
and can be linked to a number of different factors, such as performance or career development.
2. Benefits- Various benefits are also provided based on the performance of the employees
as described above both monetary and non-monetary incentives. These incentives have proven to
be great reward strategy as it has boosted the performance of our employees by making them
feel we care about them and not like they are money making machines.
3. Personal Growth- We give our employees full personal and professional growth
opportunities by providing them on the job training and formal training programmes that serves
the organization’s objectives as well.
Monetary Non-Monetary
Benefits
Floating Holidays- Providing flexibility around
company holidays. 4 floating holidays per year in
addition to fixed firmwide holidays.
Benefits
Insurance- Medical insurance for self and parents to
upto $15000
Internet Reimbursement- Charges towards internet Fertility preservation- Giving choice to employees to
and broadband services of upto $30 per month. pursue their family planning to their own timeline,
Leaves and time off- (Offers paid time off i.e. 4 our organization offers fertility preservation.
leaves per quarter) employees will get salary during Onsite Specialist Consultation- We offer free onsite
these leaves. (Unlimited health care leaves, and virtual consultations for the well-being of our
paternity leave, maternity leave, adoption leave and employees. Dermatologists, nutritionists,
many more) employees won’t get any salary for ergonomists, gynecologists and physicians are
such leaves. readily available to our employees.
WFH infrastructure- Enabling smooth and swift Health and wellness- Employees are eligible for free
working from home. Permanent employees are health checkups twice a year. Weekly sessions of
eligible to avail laptop, monitor, accessories such as yoga, Zumba and cross-fit are organized for
keyboard and mouse, headset and UPS for wellness of our employees.
emergency power outage. One-time expense on Food- Onsite breakfast, lunch and dinner are
furniture will be reimbursed. provided throughout the day.
Relocation Assistance- All the relocation expenses Cab service- During the specific timings and office
including expenses for shifting goods, conveyance trips employees are eligible for firm-sponsored cab
etc. will be reimbursed. services.
Emergency Loan- Emergency loans for personal and In-House resources- We have a medical room, nap
medical emergencies to upto 4x the quarterly room, a gym available onsite.
salary.
Positive Work Environment
The rewards are designed to showcase, we care about our employees. We work on the
philosophy that “To keep company health, keep its employees happy.” Focusing on the
philosophy our reward strategy is based on the same. 80% of our employees are satisfied
with our reward strategy and we are happy to inform that we are able to retain 90% of
our employees at key positions