Office staff long terms benefits and awards
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Long-Term Benefits
1. Provident Fund (PF) Contributions (start from 1st Year)​
➤ Continue offering Provident Fund contributions, with an option for employees to increase their voluntary contributions.
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2. Health Insurance (Start From 2nd Year)​​
➤ Provide comprehensive health insurance that covers employees and their families, including medical, dental, and vision care.
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3. Employee Stock Ownership Plan (ESOP) (after 10th year)​​
➤ Allow long-term employees to participate in an Employee Stock Ownership Plan, giving them a stake in the company’s success and aligning their interests with the company's growth.
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4. Housing Assistance (after 7th Year)​
➤ Provide housing loans or rental assistance programs, particularly for employees relocating for work or those in need of long-term housing solutions.
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5. Retirement Celebrations and Benefits (Every year)​
➤ Organize special celebrations and offer retirement gifts or bonuses for employees who retire after long service, acknowledging their dedication to the company.
Awards and Recognition Program
1. Service Milestone Awards​​
➤ 5, 10, 15, 20+ Years of Service: Recognize employees who reach significant service milestones with awards such as plaques, certificates, trophies, or monetary bonuses.
➤ Anniversary Celebrations: Host annual events to celebrate employee anniversaries, where long-serving employees are honored publicly.
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2. Employee of the Year Awards​​
➤ Recognize outstanding performance and contributions with an "Employee of the Year" award, which can include a trophy, certificate, and a significant monetary reward or vacation package.
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3. Innovation Awards​
➤ Reward employees who contribute innovative ideas that improve processes, reduce costs, or enhance product quality. The award can include a cash prize, additional paid leave, or professional development opportunities.
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4. Leadership and Excellence Awards​
➤ Acknowledge managers and team leaders who demonstrate exceptional leadership, mentorship, and team-building skills with leadership awards, along with professional development perks.
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5. Customer Service Excellence Awards​
➤ Recognize employees who consistently deliver outstanding customer service, enhancing Morcom’s reputation and customer satisfaction.
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6. Team Achievement Awards​
➤ Celebrate teams that successfully complete major projects, meet challenging goals, or drive significant business growth. Awards could include team outings, bonuses, or special recognition events.
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7. Safety Awards​
➤ Recognize employees who contribute to maintaining a safe work environment or who suggest safety improvements that are implemented. This award could include a certificate and a safety-related gift.
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8. Peer Recognition Awards​
➤ Implement a peer-nominated award program where employees can nominate their colleagues for exceptional teamwork, collaboration, or going above and beyond in their roles.
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9. Rising Star Award​
➤ Given to a newer employee who has shown exceptional potential and early contributions to the company. These awards could be small monetary bonuses, gift vouchers, or public acknowledgment.
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10. Long-Term Loyalty Awards​
➤ Reward employees who have been with the company for an extended period (e.g., 10, 15, 20 years) with special loyalty awards such as international trips, luxury gifts, or a significant cash bonus.
Employee Appreciation Events
➤ Annual Awards Ceremony: Host an annual awards ceremony to honor outstanding employees and celebrate achievements across the company.
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➤Team Building Retreats: Organize annual team-building retreats or off-site events to reward teams
and foster stronger relationships among employees.​
