Flexible working day policy

Policy brief & purpose :

So far we are having a flexible working hours policy to make work life comfortable  and happening for employees. Now we are moving one step ahead and introducing a Flexible Working Days policy for betterment of employees. Flexible Working Days policy outlines our provisions for employees who want to extend their working days from 5 days a week to 6 days a week. 

Scope of the policy: 

This policy applies to all the employees associated with SerpentCS. One can change their work schedule with the approval of RM, PM and Management. 

We recognize that some employees need to work 6days a week because of the project requirements. 

The minimum applicability of this policy will be at least 3 months. (with approval of employees Management can extend it too as per requirement of project)

Procedure : 

If any employee wants to change their working days they need to follow the following steps:

1. The very first step is to send an official email to the RM, PM and HR

2.As per the project requirement RM/PM can approve/reject the team's request.

3. If RM/PM approves the request then RM/PM needs to discuss the performance expectations, productivity needed for the project and they need to set specific goals.

4. Once the discussion is done, HR will put the agreement in writing and all(RM/PM/Employee/HR) needs to sign it. 

5.The decision must be revisited and discontinued if it negatively affects productivity or efficiency of the individual or the department or if there will be any changes in project requirements . (Final decision will be on the Management team).

Note : In cases where the Management Team does not approve the employee’s request, the employee must receive an official letter that includes the reasons why.

Lock in Period : 

Once the agreement is signed the employee can not go for resignation till the last date/month/year mentioned in the agreement letter. 

If in any case the employee has to go for resignation during the lock in period then they will not get any monetary benefit of extra working days policy. 

Payment Structure : 

The employees who will opt the 6 days working policy a week will get 15% incentives/bonus/reward per month on their gross salary. 

I.e. : if A is having a 50,000 gross salary & he is going to work 6 days a week then his gross salary will be 57500 per month. 

Payment Process : 

1. Employees will get incentives/bonus/reward on a monthly basis with salary. 

2. If the employee starts 6 day working from the 1st week of August then they will get incentives/bonus/reward in August month’s salary only which means in the 1st week of Serpent month.

3. The Amount will be paid as salary so employees need to bear the TDS amt if their income exceeds tax limit. 

Note : If RM/PM/Management finds there are productivity or efficiency issues, they can take necessary action and if the employee is found as the culprit then the employee will not be eligible for any benefit which are decided earlier or mentioned in the agreement. 

This policy belongs to SerpentCS and its subsidiary and the Management of the SerpentCS has all the right to amend this policy.