I have been toying around with the ideas of rewarding employees in some kind of fair and transparent way. I am not sure if people already use this method or not, I don’t think it’s any kind of rocket science either but it will surely be helpful to everyone here. Specially the HR, management guys and entrepreneurs.
I call this system a “Point Based Reward System”. I have assigned points to various tasks and each employee should achieve certain level of point slab to get the rewards.
Here is the table with break up of the points: