I was definitely amused by this news article in today's ET "LG Electronics gives 200% and 700% of basic salaries to employees"
LG knows how to motivate its employees, and it motivates big time.With the announcement of the bonus which can be upto 700% of the basic salary of employees, LG has also informed the market about its own performance. I must appreciate COO, YV Verma for the employee friendly policies of LG.
This bonus includes the following
- Two half-yearly performance incentives,
- Diwali bonus,
- Post-Diwali bonus,
- LG Birthday Bonus and
- Retention Bonus
One more good thing about LG is not only appreciating the results but also the risk taking abilities of the employees, and taking up challenging initiatives.