31 March, 2011 CIRCULAR STANDING INSTRUCTION NO.1 OF ...

1.3 Rewards at Individual Level
1.3.1 Reputational Rewards
REWARD
Responsible Officers’
Award
IMPLEMENTATION MODALITIES
The respective Responsible Officers may award Certificates of
Recognition/Letters, Plaques to the best performing individuals.
Other Rewards
a) Best performing Officers will be publicized on all Institutional
Notice Boards.
b) Certificates of recognition, plaques, trophies may be awarded
based on the recommendation of the Rewards and Sanctions
Committee.
c) The best performing Officers will be recognized and
applauded in appropriate fora throughout the Year.
d) Status symbols e.g. badges, key holders may be given to
outstanding performers
1.3.2 Operational Rewards
Invitation to high level
meetings/functions
Representing Senior
Management
Assignment of more
challenging duties
Outstanding performers may be nominated to attend high
level meetings/ functions.
Best performers may be nominated to represent Senior
Management as and when the Responsible Officer deems
appropriate.
The best performers may be assigned more challenging
and motivating duties.
1.3.3 Financial Rewards
Gifts/Presents
Bonus/ Cash reward
Gifts/ presents may be given to the best performers by the
Responsible Officers.
Best performers may be given Cash rewards/Bonuses/
Shopping Vouchers.
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