Purpose :
This policy outlines the framework for the annual performance bonus program, aimed at recognizing and rewarding employees for their contributions toward achieving company goals.

Eligibility

• All employees who joined before the 1^st of July of the performance year are eligible for the bonus.
• Employees who joined during the year receive a prorated bonus based on the period spent during the performance year.
• Employees must be actively employed on the bonus payout date to receive the payment.
• The performance bonus doesn’t apply to Real Estate Sales Staff, as they are commission-based.

Payout Date

• Bonuses will be paid annually in March, following the completion of performance reviews and approval of final bonus allocations by management.
• The exact payout date will be communicated each year by the Human Resources department.

Payment Base

• The bonus is calculated according to the performance results based on the weighted average of the basic salary of the performance year.
• Allowances, commissions, overtime, or other variable pay components are not included in the bonus calculation.

Staff

• “Exceptional” performance is up to 6 months
• “Above Expectations” is up to 4.5 Months
• “Meet Expectations” is up to 3 Months
• “Need Improvement” is up to 1.5 months
• “Poor” performer is Null.