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.

2. Health Insurance (Start From 2nd Year)

   • Provide comprehensive health insurance that covers employees and their families, including medical, dental, and vision care.

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.

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.

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.

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.

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.

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.

5. Customer Service Excellence Awards

   • Recognize employees who consistently deliver outstanding customer service, enhancing Morcom’s reputation and customer satisfaction.

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.

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.

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.

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.

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.

• Team Building Retreats: Organize annual team-building retreats or off-site events to reward teams and foster stronger relationships among employees.​