5.

EDUCATIONPOLICIES

SrNo

Contents 5 EducationPolicies 5.1 Shishya 5.2 Seekho

5.1Shishya
Objective:
ToencourageKartaCulture Toprovideanopportunitytotheemployeestodevelopandenhancetheirskills&knowledgethrough variouseducationalandlearningprograms,whichwillcontributetotheirroleorhelpthemintheir careeradvancement Toassistconfirmedemployeestofinishtheireducation

Eligibility:
AllemployeesatHomeOffice,ZonalOffice&StoresofFVRLandPRIL. Theapplicanttohavecompleted1yearwithFVRLandPRIL(timewithgroupcompanywillbe considered)onthedateofapplication Theapplicanttohavebeenratedexcellentinthelastappraisal(anyexceptionstothiscanbe approvedbytherespectivepeopleofficeonacasetocasebasis) EmployeesofothergroupcompaniesmayapplysubjecttoapprovalbytherespectiveBusinessHead andPeopleOfficeHead

Entitlement:
Band Band01 Band02 Position (Store) Salesstaff ADM/DM/ Backend support ASM/SM Store Karta/Unit Head/Area Mgr AmountEligible InRs. 15,000/ 25,000/ Position(HO&Zonal Office) Coordinator Executive/Sr.Executive AmountEligibleInRs. 25,000/ 35,000/

Band03 Band04

35,000/ 1,00,000/

DeputyMgr/Assistant Mgr Sr.Mgr/Mgr

55,000/ 1,50,000/

PolicyGuidelines:
Thetotalvalueofthebenefitcanbeavailedonceinthreeyearsfromthedateofeligibility. The employee can be recommended to courses whose fees totally add up to his/her maximum eligibility in the spanofthreeyears. TheEligibleemployeecanapplytoprogramsinthefollowingmodes: Undergraduate/Graduate/Mastersprogramthroughdistancelearning Undergraduate/Graduate/Mastersprogramthrougheveningcolleges Undergraduate/Graduate/Mastersprogramthroughonlinelearning Workshop Seminars Trainingprogram Employees can be recommended for courses/programs which are relevant to enhancing their skills/knowledgerequiredfortheirroleorcareeradvancement.

 Employee may choose courses/programs which are relevant to enhancing their skills/knowledge requiredfortheirroleorcareeradvancement. Employeemustattendtheseprogramsoutsidetheirworkinghours. Extra leave or holidays will not be given to employee to attend any programs. However in the event of workshops, training programs ,examinations etc the employee may avail leave within his/her leave eligibility Boarding and Lodging expenses incurred by the employee will not be reimbursed by the company over andabovethetotalentitledamount. Employeesavailingthisbenefithavetocontinueservicewiththecompanyforoneyearaftercompletion oftheprogram. Intheeventofleavingtheservicesofthecompany withoutservingthisoneyearpostcompletionofthe program,theemployeewillberequiredtopaybacktheamountavailedwith18%interest.Theoneyear service post completion of the program will exclude notice period/leave without pay/long term leave if any. The Employee has to sign an Agreement with the Company for processing the payment of the program/course. Thedecisionoftheapprovingauthorityregardingtheapplicationisfinalandbinding. Clubbingofanyunclaimedeligibilitynotallowedfrompreviousyears/block. If part amount is claimed for one course/ seminar then the balance claim will be restricted to only the totalentitledamountasperbandeligibilityforthatparticularblock. AnyexceptiontoalloftheabovetobeapprovedbytheChiefPeopleOfficer

Applicationprocess:
AKartanominatesanemployeewhomeetstheeligibilitytoaprogramasdeemedfit. AneligibleemployeecanapproachtheKartawitharequesttobenominatedforaprogram. AllnominatedemployeeshavetofilltheApplicationForm(AnnexureI). VerificationoftheapplicationisdonebytherespectiveStore/Zonal/HOpeopleoffice. HO employees have to get the application recommended by their Karta & submit to Head People officeforapproval. ZOemployeeshavetogettheapplicationrecommendedbytheirKarta&submittoZonalHeadPeople officeforapproval. The respective People Office should scrutinize the application for relevance of the course to the current job assignment, career enhancement needs & eligibility of the employee. Application for unrelated coursesmustbediscouraged. In case of store employees, Store Karta will recommend the application for Band 1 and 2. However for employees in Band 3 & 4, the Area Manger will have to recommend the employee. All recommended applications for store employees are to be submitted to the Zonal Head people office for final approval afterverificationbytheStorePeopleRepresentative. The application form with the following supportive documents and with necessary recommendations and approvals will be forwarded to the accounts department for disbursal of funds. A copy of this letter needstobedocumentedintheemployeesdossier. CopyoftheEducationalqualification CopyoftheLetterofconfirmation ServicecertificateconfirmingOneyearsofservicebyKarta/PeopleOffice Performanceratingforlasttwoyears

 Commercialwilladviseonthetaxabilityoftheprogramtotheemployeebasedonwhichemployeehas toconfirmhis/herwillingnesstogoaheadwiththecourse. All approved amounts must be disbursed within 5 working days. The respective people office will followupthesame In the case of learning & training programs 50% of the course fees will be reimbursed at the time of enrollment, on submission of original fee payment receipt from the institute and photocopy of valid admission documents. The balance 50% will be disbursed on completion of the course, on submission of a photocopy of mark sheet & passing certificate. The originals of the same will be required to be producedtoPeopleOfficeforverificationpurpose. Advancepaymentof50%ofcoursefeewithacapof50%oftheeligibleamtatthatband. In the case of workshops, seminars etc the complete amount will be reimbursed on completion of the programandonsubmissionofallrelevantbills/documents. AllpaymentswillbepaidbyChequeorbanktransferonly

General:
Therewillnotbeanyrelaxationtotheconditionslaiddowninthepolicy. ThePolicycanberevised/alteredasperneedfromtimetotime. Anyissue/conflictarisingoutofthepolicywillbedecidedbyHeadPeopleOffice.

5.2Seekho
Objectives:

Toencourageemployeestocompletetheirhighereducation TodevelopInternalTalentpoolforspecificrolesandresponsibilities To encourage & reward consistent and productive employee by aiding with career development throughappropriatehighereducation

Eligibility:
AllemployeesatHomeOffice,ZonalOffice&StoresofFVRL/PRIL/HSRIL The applicant to have completed 1 years with FVRL/PRIL/HSRIL (time with group company will be considered)onthedateofapplication Theapplicanttohavebeenratedexcellentinthelastappraisal Employee need to meet the mandatory requirements set for each program on offer under this scheme (anyexceptionstothiscanbeapprovedbytherespectivepeopleofficeonacasetocasebasis) EmployeesofothergroupcompaniesmayapplysubjecttoapprovalbytherespectiveBusinessHeadand PeopleOfficeHead

PolicyGuidelines:

Employee may choose a course/program from those announced under Seekho scheme which are relevanttoenhancingtheirskills/knowledgerequiredfortheirroleorcareeradvancement. The employee can apply for any of the full time courses/programs which are announced under Seekho,uponfulfillingtheeligibilitycriteria. Interested employee will have to be referred by his immediate reporting authority (Karta) to be eligible toapplytoanyoftheprogramsannounced.

The referred employee will have to qualify in the respective selection procedure before being enrolled tothecourse/program. Selected employee will receive full sponsorship from the company towards the course fee. However, expenses towards accommodation, study material, travel, food expenses & security deposit etc for the purpose of the selected program/course and at the institute during the course of the study would have tobebornebytheemployee. The selected employee will continue to draw his/her last drawn gross salary (cash component) every month during the course of the program. This salary will be as per last month gross salary earned post the appraisal for the previous financial year. The employee will not be entitled to any other benefits by virtueofbeingontherollsofthecompany. Theemployeewillnotbeentitledforanappraisalduringthecourseoftheprogram. The selected employee will have to sign a bond to serve the company for a period not longer than the durationoftheprogram/coursehe/sheisenrolled. Theemployeewillhavetoqualifyinallmandatoryeligibilityrequirementsforeachoftheprograms. In the event an employee wishes to leave the services of the company without serving the mandatory service post completion of the program, the employee will be required to pay back the entire tuition feewith18%interest. The service post completion of the program will exclude notice period/leave without pay/long term leaveifany. The decision of the group people office on eligibility and admission to a program/course will be final andbinding.

Applicationprocess:

Karta can encourage the employee to apply who meets the eligibility to a program/course as deemed fit. Eligible employees can apply for the program/course in the prescribed format. Employees are responsibletoadheretoalltheapplicationdeadlines. HOemployeeshavetogettheapplicationrecommendedbytheirKarta&submitthePeopleofficefor approvalandverification. ZO employees have to get the application recommended by their Karta & submit to Zonal People officeforapprovalandverification. Incaseofstoreemployees,StoreKartawillrecommendtheapplicationforBand1and 2.Howeverfor employees in Band 3 & 4, must be recommended by the Area Manger. All recommended applications for store employees are to be submitted to the Zonal Head people office for final approval after verificationbytheStorePeopleOfficeRepresentative. All the eligible applicants will have to then qualify in the respective selection process laid down for eachoftheprogramannouncedunderthisscheme

General:
ThePolicycanberevised/alteredasperneedfromtimetotime. Anyissue/conflictarisingoutofthepolicywillbedecidedbyChiefPeopleOffice ProgramsOffered: MBARetail/PGPRM PartneringInstitutes

 Futureinnoversity Foranyquerieswritetoseekho@futuregroup.in