INCENTIVES AND BENEFITS

Monetary Incentive plans

‡ Short term plans

1. 2. 3. 4. 5. 6.

Halsey plan Rowan plan Barth system of wages Task bonus system Point rating system Progressive bonus

Long term plans

‡ Annual bonus ‡ Profit sharing Distribution plan Deferred plan Combination plan ‡ Gain sharing ‡ Employee stock option plans

Employee Benefits
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ Free or subsidized lunches Medical facilities Paid holidays/ vacation Retiral benefits Employee insurance Maternity leave Child care centres Educational allowance Merit scholarship for employees children Company accommodation Company transportation facilities Cafeteria and rest rooms

‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡

Study leave Company sponsored study Club membership Recreational facilities Credit cards Tax assistance Other assistance Interest free loans

Modern concepts in employee benefit scheme

‡ Golden parachute ‡ Cafeteria benefit plan.

Employee benefits at Tata Elxsi

‡ Common benefits ‡ Performance incentives ‡ Special benefits