Hiring Policy
The HR department of VIP Group would hire the appropriate person as per vacant job specifications without any gender discrimination. All applications will be treated according to their qualification and job requirements under consideration on merit bases.
Trainee Policy
The company hires unskilled labor as trainees. HR department provides the orientation training. According to the job's nature, he/she will get training from the concerned department. The trainee is provided with all legal benefits under local laws.
Probation and Confirmation Policy
Employees shall be on probation for three months at the start of their job, which may be extended for a further three months, depending upon their performance. On successful completion of the probationary period, an employee shall become a permanent employee and shall be entitled to all legal benefits.
Medical & Social Security Policy
Employees shall be on probation for three months at the start of their job, which may be extended for a further three months, depending upon their performance. On successful completion of the probationary period, an employee shall become a permanent employee and shall be entitled to all legal benefits.
Bonus Policy
VIP Group has adopted a policy to fulfill all its legal and moral obligations to uplift the living standard of its employees. The amount of bonus provided could be one month’s basic salary for each employee at the end of every financial year. An employee who has served less than a year shall be awarded a bonus according to the months he /she has worked. The bonus shall be admissible to the employee if the company gets a profit.
Life Insurance Policy
It is the policy of VIP Group to provide group life insurance facilities to all employees. This facility shall start after the completion of a probation period of 3 months. In case of the death of any employee, the insurance company shall pay Rs.600,000 to the legal heirs of the employee. In case of the accidental death of any employee, the insurance company shall pay double of the above-mentioned amount. Premium will be paid by the company.
Increment & Up-gradation Policy
Annual increments shall be granted to the employees according to their date of joining each year. Increment eligibility will be determined on the performance evaluation, misconduct reports, and the recommendations of the concerned department.
Gratuity Policy
It is the policy of VIP Group that each employee is given a gratuity equivalent to one month’s salary (last drawn) for each completed service year at the end of his employment as per labor law. In case of the death of an employee, gratuity is given to his/her legal heirs
Interest Free Loan Policy
It is the Policy of VIP Group to facilitate its employees with interest-free loans. The loan is applied by the employees to the HR department in the prescribed format. The loan amount is decided on a case-to-case basis.