Other subjects which may be covered in detail or as little informational blurbs are:
Credit Union
If your company participates in a credit union, you can spell out the rewards and guidelines
of membership here. Remember not to get too detailed, but rather refer the employee
to appropriate documents from the Credit Union.
Employee Referral Programs
Cash awards may be given to employees for recruiting new employees. The company decides on the
amount of award and service time new employees must put in prior to the referring employee
collecting on award.
Idea Incentive Awards
Such awards encourage employees to submit ideas which could save your company or increase
efficiency. Your company would provide a scale on which the employee would be paid upon
implementation of the idea, if it is projected to save money over the long run, or in a
lump sum if it is a one time economizer.
Service Commendations
Employees are awarded an appropriate gift at fifth anniversary and every five years thereafter
in appreciation for their service in helping your company achieve it's goals. Gifts can be anything
from writing instruments and books to luggage and watches.
Employee Purchases
In this section you set forth your policy for employees purchasing any goods or services sold by
your company, as well as any equipment or supplies which your company is disposing of.
Annual Physical Examinations
With a mind toward healthy employees being productive employees, some companies encourage
yearly physical exams by reimbursing up to $200 of the necessary expense charged by a licensed
general medicine physician to perform the exam. You will need to decide the eligibility
requirements and the service time threshold for eligibility, as well as the type of paperwork
and personnel to be involved.
There may be other benefits or plans which your company offers your employees. Your decision on how detailed to get on each topic will depend upon the weight each carries. Try to be as clear as possible in your explanation, making certain to refer the employees to more appropriate, detailed documents where necessary. It is probably better to err on the side of covering many topics briefly, while making certain that compensation and benefits are covered in detail, than to leave something out. Your employees want to - and should - know these things. Many times, they would prefer to review it for themselves rather than asking or inquiring further.
