Sample of standard company reward and punishment regulations in 2023

Reward and punishment regulations in the company are an important means to help managers encourage employee morale as well as ensure compliance with rules during operations. However, establishing effective reward and punishment regulations is not simple. In the article below, 1C Vietnam will summarize the latest samples of reward and punishment regulations as well as the process of building appropriate regulations for businesses.

1. Bonus regulations in the company

The company's bonus policies are put in place to reward and motivate employees when they complete their work well. Each company will have different reward methods, including salaries, benefits and bonuses. However, bonus regulations need to be established and managed strictly, reasonably and fairly to avoid causing conflicts among employees. Below are specific regulations on common bonus regulations.

1.1 Salary regulations

Salaries for employees are specifically regulated according to the following criteria:

• Basic salary: The salary that must be paid to employees according to the provisions of a previously agreed contract. Enterprises should note that the basic salary must not be lower than the regional minimum wage prescribed by the State.
• Social insurance salary: Is the amount of insurance that an individual must pay monthly, calculated based on salary.
• Probationary salary: Is a minimum amount of money equal to 85% of the official salary.
• Contract salary: Salary is calculated according to individual contracts.
• Product salary: This is a non-fixed salary, usually calculated based on the quality and quantity of products the employee achieves.

1.2 Regulations on leave, holidays, New Year and welfare regimes

In addition to the main salary and monthly allowances, businesses can also implement bonus regulations by giving gifts or money on holidays such as: Lunar New Year, National Day September 2, International Women's Day 20 /10, weddings, births,... Some companies also reward employees by organizing vacations or giving them days off.

1.3 Other regulations on bonuses

To encourage employees to work effectively and hard, businesses can also offer some other forms of rewards such as personal revenue bonuses, good initiative bonuses, good labor bonuses, commission bonuses,... Rewards can be certificates of merit, cash, vouchers to use company services,...

Appropriate, clear and transparent bonus regulations not only motivate employees but also show the business's interest in their contributions. This can help businesses attract and retain talent and improve overall operating efficiency.

2. Penalty regulations within the company

In addition to reward policies that help motivate employees, businesses also need to provide clear penalty regulations to ensure employees comply and perform well their obligations and responsibilities at the organization. Penalties can be applied directly to salary, salary reduction, material compensation or the most severe is dismissal. Clear reward and punishment regulations will help create a disciplined and professional working environment.

In addition, some businesses also issue other penalty regulations related to attitude awareness, being late, professional ethics, violating rules or not being conscious of preserving the company's reputation during the work process. job. Below are some common forms of punishment:

• First-time violations related to communication attitude, uniform manners or labor safety may result in a warning or a fine of 20,000 - 100,000 VND.
• Violations related to self-management of time and work such as leaving early, coming late, leaving shifts without a legitimate reason can be fined with a warning of 20,000 - 100,000 VND. Severe or repeated conduct may result in termination of employment.
• Ethical and legal violations such as loss or damage to company assets, theft, embezzlement, property misappropriation, or bribery may require compensation or dismissal. The fine is determined based on the level of damage caused.
• Violations related to professional ethics and the company's reputation such as using fake documents, not reporting to the company when performing official duties and entering into contracts, disclosing internal information or beating people, etc. .. may be fired or receive material compensation.
• Violations related to superiors instructing subordinates to violate are forced to pay compensation according to the level of damage and can lead to dismissal. The company will report to the authorities to impose a reasonable fine.

3. Latest model of reward and punishment regulations in the company in 2023

The process of building a set of reward and punishment regulations in a company requires investing a lot of effort and time. Businesses can refer to some samples of reward and punishment regulations below to help complete an appropriate set of rules:

>>> DOWNLOAD FREE BONUS RULES TEMPLATE HERE <<<

>>> FREE DOWNLOAD THE LATEST SAMPLE OF PUNISHMENT REGULATIONS HERE <<<

4. How to build effective reward and punishment regulations in the company

The reward and punishment regulations in the company are an important factor to help improve labor productivity, maintain motivation as well as improve professional behavior and ethics. Below are 7 steps that can help businesses quickly and effectively build a set of reward and punishment regulations within the company:

4.1 Refer to legal documents

The first step in developing an enterprise's reward and punishment regulations is to understand the provisions of the law. Businesses can refer to some of the documents below to ensure the most accurate establishment of reward and punishment regulations in the company:

• Official dispatch 4320/LDTBXH-TL of the Ministry of Labor, War Invalids and Social Affairs: Guidance on salary payment process for state-owned enterprises.
• Decree 49/2013/ND-CP: Detailed regulations implementing regulations related to salary and bonus policies.
• Decree 52/2016/ND-CP regulates salaries, bonuses, and remunerations: Applicable to managers of single-member limited liability enterprises with 100% charter capital held by the State.

4.2 Create a council to develop reward and punishment regulations in the company

The reward and punishment regulations in the company must be managed in a transparent, fair and public manner, so the establishment of a Regulations Committee is necessary. Members of the Committee include: Chairman of the Board of Directors, standing members and other members. The main task of the Committee is to collect opinions from employees and draft the most appropriate company reward and punishment regulations.

4.3 Get employee opinions compared to the labor market

To be able to determine reasonable reward and penalty levels, businesses need to balance employee input and general labor market data. Regulations on rewards and punishments for employees need to ensure objectivity, fairness and goodwill, because if the policy is not reasonable, it can affect employee psychology, reduce interest in work and, in the worst case, quit. job.

To demonstrate the transparency of reward and punishment regulations in the company, businesses need to publicly disclose the method, form and time of bonus payments. In particular, special cases such as filial leave, maternity leave, overtime, professional training, need to be specifically and clearly regulated.

4.4 Build a clear reward price list

Enterprises will build a reward price list for employees. The price list needs to ensure a balance between the interests of businesses and employees, and be suitable for practical application. Businesses can use forms of reward such as bonuses, service vouchers,...

4.5 Implementation widely applied in the company

Enterprises need to compile a complete set of regulations and announce them for widespread application within the organization. At this time, the human resources department will act as a bridge between employees and the business. This department will receive and process input information such as employee work results, performance, achievements, etc., thereby considering the appropriateness of the bonus level. At the same time, this is also the department that will answer questions about reward and punishment regulations in the company for employees and superiors to ensure fairness and transparency.

4.6 Monitor, evaluate and adjust

During the process of putting it into practical application, businesses need to regularly monitor and evaluate the effectiveness of the established reward and punishment regime for employees. If inappropriate points are discovered, businesses need to make changes to improve the regulations.

5. Things to note when developing enterprise reward and punishment regulations

When developing reward and punishment regulations in the company, businesses need to pay attention to the following points:

• Legal regulations: The company's reward and punishment regulations must ensure compliance with the law. Enterprises need to carefully study the legal bases to ensure that the reward and punishment regime does not violate any State regulations.
• Employee opinion: The company's reward and punishment regulations directly affect employees. Therefore, understanding the legitimate wishes of employees is extremely necessary. This also helps businesses demonstrate fairness, objectivity and respect for employees.
• External market: The company's reward and punishment regulations should balance the interests of the company and employees. A bonus level that is too low or too high can cause difficulties in practical application. Therefore, seeing and learning from the external labor environment as well as other businesses can help improve the general set of reward and punishment regulations.

The company's reward and punishment regulations are important documents that help businesses establish a professional, effective and civilized working environment. This set of regulations needs to comply with the provisions of law and ensure transparency, clarity, and specificity so that all employees can understand and implement them properly to bring about better operational efficiency. Don't forget to follow other content on 1C Vietnam's website to update the latest information on corporate governance!