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Phone Industry in Bangladesh

In: Business and Management

Submitted By mamun1
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Total Compensation and Benefits Package of UCBL

Salary Structure
Refer to the Salary & Remuneration Package Structure for Supervisors and Executive Staff of UCBL for details regarding the structure of salary and allowances for different units under UCBL
Revision of Pay Elements
The compensation structure may be revised, if necessary, with the approval of the Director, Admin/HR, and Head of the Dept., Finance and the Chief Executive.
Employee Compensation Records
Employee Pay Records are maintained by the Personnel & Admin Department for Workers and Supervisors and by the Human Resource Department for the Executives. These departments maintain personal file of all employees where all records in regards to the employee are kept in addition to any soft copy (in computer database) maintained by the departments. These records are confidential and should not be accessible to any unauthorized persons (authorization defined by HR or Personnel &Admin dept. head). Basic Employee Benefits for Permanent Employees

Provident Fund
The Company's Provident Fund is a funded scheme. All confirmed and permanent employees are entitled to be members of the Provident Fund. The employee contribution, equal to 10% of the basic salary, is deducted each month through the payroll. The Company's Provident Fund is a funded scheme. All long-established and enduring employees are at liberty to be members of the Provident Fund. In the Provident Fund Ledger, both the employee's and the Company's contributions are accredited to the individual employee’s account.
Bonuses
All confirmed Permanent employees of United Commercial Bank Limited are entitled to one
Annual Bonus each equivalent to “Basic Salary” under the following conditions: Attendance in the Calendar Year | Bonus Entitlement | 200 days + | 100% of the Bonus | 90 days + | 50% of the Bonus |…...

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