Retention Bonus Policy Quiz

Employees with a defined Retention Bonus component in their Offer/Appraisal letter are entitled to this bonus. The annual Retention bonus is disbursed biannually, following the completion of a 6-month period.

The Retention bonus is calculated as 8.33% of the employee's Cost-to-Company (CTC).

Bonus payouts are made on a half-yearly basis, with cycles from April to September being paid in the October payroll, and cycles from October to March being paid in the April payroll.

<p>New employees who join the organization in the middle of a bonus cycle are not eligible for the bonus corresponding to that specific cycle which will be issued along with the next cycle. This is due to the requirement of completing a 6-month service period for eligibility.</p> Signup and view all the answers

<p>The retention bonus is not computed for July since the employee joined mid-month. Payment would cover the period from August to March and get paid along with April payroll.</p> Signup and view all the answers