Employee Sales Bonus

Key Performance Indicators (KPI) are metrics to measure employee performance that is vital in our business operation. The management aims to reward employees for outstanding individual performance as well as their contributions that help the company achieve goals.

FCTG South East Asia (Philippines), Inc. employees shall be paid 13th month pay or an accrual of 1/12 of monthly basic salary including regularly paid allowances. This shall not include other monetary benefits like sales bonuses, overtimes, holiday pays, night differentials and other premium benefits not integrated in the basic salary. This benefit is available to all employees hired before December 1st of any year. 13th month pay shall be paid not later than December 24 of every year. An employee who has resigned or being terminated before December of each year is entitled to a prorated 13th month pay.

The goal of the employee annual appraisal is to provide management and staff with feedback on their performance and accomplishments for the year. As a result of this process, the employee should have a clear understanding of their job responsibilities and the supervisor's performance expectations. Also, through this review process, specific action plans are to be developed to help direct expected performance for the coming year and allow the employee to achieve established performance goals. The employee appraisal score will determine the annual salary increase of the employee.

All employees are entitled to retirement benefits as provided for in the New Retirement Law under Art 287 the Labor Code of the Philippines. An employee upon reaching the age of sixty (60) years or more, but not beyond sixty-five (65) years which is hereby declared the compulsory retirement age, who has served the company for at least five (5) years, may retire and shall be entitled to retirement pay equivalent to at least one-half (1/2) month salary for every year of service, a fraction of at least six (6) months being considered as one whole year. The retirement benefit shall also include the employee’s 13th month pay and the conversion of all unused leaves.