ALMO Inc Weekly Bonus

Day 1,191, 12:12 • Published in South Africa Poland • by StanEslah

ALMO Inc Revises bonus Scheme
Due to the maintenance on the Sales History module in eRepublic, we are unable to calculate sales figures for the companies in the ALMO Inc group, since this was the basis for calculation of the bonuses, we have had to revise the bonus scheme calculation

The new bonus scheme rules are detailed below and replace the previous bonus scheme with immediate effect

Employee of the Week
Congratulation to Sleeva http://www.erepublik.com/en/citizen/profile/3354326 who has been selected as Employee of the week for consistently working at 100% health every day at Almo Inc Armaments.

As a reward he will receive five Q3 food and a extra days wages.

ALMO Inc announces the following bonus payments for the week ending 20 February 2011


Bonus Scheme


Method of calculation
The bonus will be calculated on the number of days worked which will be calculated as a percentage of the daily Salary.
Example1: If you earn R23 and work a full 7 days you will get a bonus of 100% (7/7*100) of R23 which amounts to R23.
Example2: If you earn R23 and work a only 5 days you will get a bonus of 71% (5/7*100) of R23 which amounts to R16.43.
An additional bonus will be calculated for each day where the employee works at 100% health
Example1: If you earn R23 and work a at 100% health for full 7 days you will get a bonus of 100% (7/7*100) of R23 which amounts to R23.
Example2: If you earn R23 and work at 100% health for only 5 days you will get a bonus of 71% (5/7*100) of R23 which amounts to R16.43.
Food Bonus
If an employee works at 100% health every day of the week, he will receive a food bonus of five Q3 food
Terms & Conditions
The Bonus will be net of any income tax, the rate of which will be the prevailing tax rate on the date of withdrawal of the bonus from the company accounts
To be eligible, an employee would have to work at least one day in the week for which the bonus is calculated
Bonuses will be calculated weekly and Payments will be made within 14 day from the end of the week for which the bonus was calculated
No payment will be made to any citizen with a permanently banned status, any bonus due will revert to the company
An employee may query the calculation of a bonus if an error is suspected, however once the investigation is complete, the decision is regarded as final and no further correspondence will be entered into
This scheme will remain in effect for as long as the ALMO inc company is viable, should the company declare bankruptcy, any bonuses due will be forfeit
The Bonus scheme may be withdrawn at any time at the discretion of the General Manager of ALMO inc
No claims may be made against any officer of ALMO inc
Edition 8 – 23 Feb 2011 – Day 1191