Inaugural Edition - ALMO Inc announces new Bonus Scheme
Day 1,164, 13:24
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Published in South Africa 
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by
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by StanEslah
BONUS
ALMO Inc is announcing a new Bonus scheme which aims at rewarding productive employees with a share of profits
Why ?
The purpose of this initiative is to increase employee productivity and loyalty and aims at increases the sales of goods in the South Africa market with the overall objective of boosting the economy
ALMO Inc Employees are encouraged to support ALMO inc by purchasing its products
Bonus Calculation
A percentage of the net sales income for the week will be calculated as the total bonus payable. The bonus will be divided amongst the employees of the company based on their average productivity for the week and will be paid out as a donation by an officer of ALMO Inc
Terms & Conditions
Net sales refers to Domestic (South African) sales only
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
All figures are based on the EREPUBLIC statistics on the company page and ALMO inc cannot be held liable for any inconsistencies resulting from this information
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The Bonus scheme may be withdrawn at any time at the discretion of the General Manager of ALMO inc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
Below are the calculations for the first week ended 23 January 2011
http://i1199.photobucket.com/albums/aa461/staneslah/mining_23Jan2011a.jpg'>ALMO Inc Mining
http://i1199.photobucket.com/albums/aa461/staneslah/grain_23jan2011a.jpg'>ALMO Inc Farming
http://i1199.photobucket.com/albums/aa461/staneslah/food_23jan2011a.jpg'>ALMO Inc Delicatessen
http://i1199.photobucket.com/albums/aa461/staneslah/arms_23jan2011a.jpg'>Almo Inc Armaments
ALMO Inc is announcing a new Bonus scheme which aims at rewarding productive employees with a share of profits
Why ?
The purpose of this initiative is to increase employee productivity and loyalty and aims at increases the sales of goods in the South Africa market with the overall objective of boosting the economy
ALMO Inc Employees are encouraged to support ALMO inc by purchasing its products
Bonus Calculation
A percentage of the net sales income for the week will be calculated as the total bonus payable. The bonus will be divided amongst the employees of the company based on their average productivity for the week and will be paid out as a donation by an officer of ALMO Inc
Terms & Conditions
Net sales refers to Domestic (South African) sales only
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
All figures are based on the EREPUBLIC statistics on the company page and ALMO inc cannot be held liable for any inconsistencies resulting from this information
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
Below are the calculations for the first week ended 23 January 2011
http://i1199.photobucket.com/albums/aa461/staneslah/mining_23Jan2011a.jpg'>ALMO Inc Mining
http://i1199.photobucket.com/albums/aa461/staneslah/grain_23jan2011a.jpg'>ALMO Inc Farming
http://i1199.photobucket.com/albums/aa461/staneslah/food_23jan2011a.jpg'>ALMO Inc Delicatessen
http://i1199.photobucket.com/albums/aa461/staneslah/arms_23jan2011a.jpg'>Almo Inc Armaments
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Comments
Check your numbers. You are actually giving away what amounts to a percentage of your gross profit, (ignore what eRep calls Gross and Net profit, they are confused) before taking into account things like wages.
That being said, good on you. Nice to see interesting ways to reward workers.
Thanks Hamilton, I have noticed that there stats dont seem to be very accurate any my Income statements are not working, looks like I will have to do this manually
Voted. This is a good incentive