You Made the Difference - Award Recognition Program
Award program created to recognize individuals and teams for significant
contribution to business. Rewarding & celebrating significant and creative
achievements by people is one of the leadership practices and also places value on people
working individually and as teams to be motivated to succeed- working together in
partnership in pursuit of the ARVIND REMEDIES mission and core values of ARVIND REMEDIES
Vision. Award program designed to give ARL the opportunity to reward their people
for exceptional contribution that makes an impact on the organization.
Compensation & Benefits
As per the Compensation & Benefits Policy of the company,
benchmarking exercise shall be undertaken once in three years and further revisions shall be
Performance appraisal will take place for every employee. Annual
increments will be granted in accordance with the Compensation and Benefits Policy of the
Company based on performance appraisal rating. On completion of performance
appraisal employees with exceptionally high performance will be rewarded by Individual
Performance Incentive decided by the Company from time to time. Based on
Company's overall performance in terms of the business plan and profitability, Company
performance incentive will be determined based on an approved formula and paid to all
KRA's (Key Result Areas)
At the beginning of the financial year every employee will be required to
finalize their KRA's (Key Result Areas) for the year as per the business/functional plan.
Review of accomplishments will take place at the time of annual performance appraisal.
Training and development
To enable employees to upgrade their skills & enhance their performance
training and development initiatives will be taken up, training needs being identified through
the performance appraisal of individual employee.
Employee opinion survey
Employee opinion survey is conducted in the Company to get to know the
perception of the employees and to facilitate employee participation