Purpose: To acknowledge and reward the hard work, achievements, and contributions of employees, fostering a culture of appreciation, motivation, and high performance.
Scope: This policy applies to all employees of KAO.
Policy:
- Recognition Programs: KAO will implement a variety of recognition programs to acknowledge employee achievements, including formal awards, informal acknowledgments, and team celebrations.
- Performance-Based Rewards: Rewards such as bonuses, raises, and promotions will be based on individual and team performance, aligning with the company’s objectives and values.
- Milestone Celebrations: Significant work anniversaries, project completions, and other milestones will be recognised and celebrated to appreciate the long-term commitment and contributions of employees.
- Peer-to-Peer Recognition: Encourage a culture where employees can recognize and appreciate each other’s contributions through peer-to-peer recognition programs.
- Non-Monetary Rewards: In addition to monetary rewards, non-monetary forms of recognition such as extra time off, public acknowledgment, professional development opportunities, and other perks will be offered.
- Transparency and Fairness: KAO will ensure that the criteria for recognition and rewards are clear, fair, and applied consistently across the organization.
- Feedback and Adaptation: KAO will regularly seek employee feedback on the effectiveness of recognition and reward programs and adapt them based on this feedback.
