👋 Hello, team! I would like to know about the RETENTION BONUS POLICIES in present scenario as following terms: 1. Retention period 2. Retention bonus % of gross salary/CTC salary 3. Terms for pre-payment of retention bonus 4. Terms for retention bonus forfeiture 5. Terms & conditions for partial payment of retention bonus PLEASE PROVIDE YOUR VALUABLE ADVISE.

Hey @Mukesh Kumar I am sharing as per my experience ‘only’: 1. completion of each year for all roles 2. upto 30% of annual gross salary 3. no pre-payment 4. terms for forfeiture include not in good employment standing condition 5. no partial payment The above mentioned are general cases. There have been a rare few exceptions in 1 & 2 only, factoring the criticality of the role and business impact in all spheres,;rest have been the same. I encourage others to share their experiences too.

@Wristy Thanks for immediate advise. I feel confident that I am on the right path now that I have read about your experience. However, a colleague informed me that some businesses also use prepayment or partial payment terms, so we should look at the retention bonus policy. HR Professionals - PLEASE SHARE YOUR EXPERIENCE AND ADVISE.

In my experience, there is no prepayment of retention bonus

Thank you to all group member for accurate advise.

@Mukesh Kumar: Yes no pre-payment. Also forfeiture can happen if the employee has decided to resign and also s/he needs to be on rolls on the day of disbursement .