Is it good to give a cash incentive to perfect attendance employees?

[Starmix]

Do you think it's a wise idea to give a, cash incentive to the employees who have perfect attendance in one year? Well, it depends on the contract of agreement signed by the two parties. For me it's good to give a cash incentive just imagine their situations at home, an employee left home so early, leaving the kids to the house help. Despite that destructions, they're still able to come to work daily. What is your say about this?

 

[SHAHID987]

In my last company, Mineral Asia we were getting incentive when we were not taking any leave. This was for each any every employee, and we were feeling much more motivation by this.

 

[Starmix]

That's indeed a good motivation for the employees giving a cash conversion of their unused leaves. The money helps a lot to the employees. I never had experienced conversion of leave of absence to cash.

 

[cherry123]

Yesh you can go ahead if you are impressed with such a service. it is to show appreciation thats it'.

 

[Starmix]

In the university where I work, there is no cash incentive for being perfect in attendance; however, it is a government-owned university, so we have many incentives every June and December.

 

[Shavkat]

I think it is a good idea. Money incentive has been used by companies to fuel the motivation of their employees.

 

[Sanjeev]

Yes, they should be given a cash incentive so as to motivate them and others. Our company also give some incentives to such employees

 

[eldavis]

Personally I feel there is notting wrong in this aspect. If you have the funds to do so then go ahead. It would help motivate more workers to do the right thing.

 

[Starmix]

I never had heard here giving cash incentives to those who have perfect in attendance but a promotion to the next level.

 

[Springtime]

That is a good idea but it is not commonly practiced in my location. Employees get cash incentive or bonus for their good performance towards the end of the year.

 

[Sanjeev]

I never had heard here giving cash incentives to those who have perfect in attendance but a promotion to the next level.

Here also our company doesn't give incentives in terms of money but it is considered for their annual appraisals.

 

[Starmix]

Here also our company doesn't give incentives in terms of money but it is considered for their annual appraisals.

Yes, there's no cash incentive for being perfect in attendance but bonuses there are as mandate of the government.

 

[Sanjeev]

@Starmix there is no interference of the government here in the private organisations. But yes the bosses here give importance to the attendance.

 

[Starmix]

@Starmix there is no interference of the government here in the private organisations. But yes the bosses here give importance to the attendance.

Attendance is important or else no salary hehe. Even in some minutes late salary deduction. It's interesting.

 

[Sanjeev]

We don't have a deduction for late punching as we stay late in the office.

 

[Starmix]

We don't have a deduction for late punching as we stay late in the office.

That's good but here there is and there is also deduction if punch undertime. We have to be accurate to avoid deductions.

 

[King Belieal]

It could be a great way to encourage the staff in the business to be punctual. I think it is nothing bad and would not draw too much from the pockets of the business.

 

[Starmix]

Itis indeed good for it inspires the employees but if the company has no budget, it will not happen.

 

[Sanjeev]

That's good but here there is and there is also deduction if punch undertime. We have to be accurate to avoid deductions.

That's a good way to make the employees punctual. It was a rule in my previous company.

 

[Starmix]

That's a good way to make the employees punctual. It was a rule in my previous company.

Yes,it is good incentive and it will be cherished by the employees. Big or small amount means a lot to them.