SG2X EMPLOYEE HANDBOOK POLICES
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PERFORMANCE REVIEW POLICY Performance Reviews: [COMPANY NAME] periodically reviews its employees' performance to ensure that the employee's work is of the highest quality and as appropriate, to provide merit salary increases as incentives for higher productivity and career advancement. Performance evaluations are conducted periodically, and should occur at least once each year. A managing partner will discuss the evaluation with the employee, provide positive and/or negative feedback, discuss career plans, suggest additional training, or specify corrective action if appropriate. The performance evaluation is an important factor in determining salary adjustments. Unsatisfactory Job Performance: When an employee is not performing in a satisfactory manner and/or at an acceptable professional level, the Company reserves the right, in its sole discretion, to initiate a performance improvement process designed to educate the employee regarding job expectations and assist the employee in achieving those expectations. The specific terms of any particular performance improvement plan will be developed by the employee’s supervisor, both as to job expectations and duration of the performance improvement time period. If according to the performance evaluation a staff member’s rating falls below the required average and there is little chance for improvement, this may lead to termination of employment, as permitted and in accordance with applicable laws. No paid time off, other than due to illness or paid holidays, may be taken during the performance improvement process, nor is an employee eligible for a salary increase or promotion during this period. Pay Raises & Bonuses: Employee pay raises may be based on performance, development partners’ requirements and/or the assumption of a new position or functions, as determined by the company’s management. Bonuses are discretionary and may be paid when the Company’s profits and the employee’s performance are exceptional.