Académique Documents
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Human Resources
5.2.1.
Recruitment
Promotion
that these employees will get promoted to the next higher grade through
competitive basis.
Besides, there are 15 positions which are expected to be fulfilled through
promotion of from within and the total promotion budget of Birr 326,652 has
been set accordingly.
5.2.4.
The Company has been showing tremendous growth and profitability from
year to year. This is the result of the concerted and orchestrated efforts of all
stakeholders while the roles of the leadership and staff constitute the largest
share. This begs for setting of the recognition and reward system to
stimulate and sustain the commitment and efforts of the team in the future
too.
Thus, based on its profit for the year 2015/16, the company has planned a
good will for reward and recognition with bonus and salary increment for
better future achievement which amounts two step salary increments while
two months bonus has been budgeted to be furnished for employees
accordingly.
5.2.5. Benefits
The Company has currently been giving the benefits of transportation, representation, hardship,
shuttling, fuel, telephone airtime allowance and others so as to achieve the Companys objectives
and to ease financial burdens on staff. These are both job related and general benefits. To keep
the employees purchasing power in congruent with the national economic growth, the company
has planned to provide its employees with compensation plan earmarking Birr 2,611,277.60 for
the budget of different benefits. For detail reference administrative cost table will be shown
below.