Samples

The Company’s remuneration policy is to reward staff at all levels in a manner that is fair and equitable within the limits of what the Company can afford. The aim of the policy is to attract and retain the best person available for each position and align remuneration with levels of competency and responsibilities. The Company will take due notice of any legislation or regulations that may apply to the pay and conditions of service. It is the objective of The Company’s remuneration policy to enable staff to earn significant income by market standards based on superior performance of the Company. Our remuneration policy is heavily biased towards being performance based. The Company uses the Paterson Job Evaluation system to evaluate and rank all positions in the Company. There is

There is no written procedure in the document

Repayments Loan repayments shall be deducted from the employee’s salary and the repayment period shall not exceed 4 years. Repayments for the car loan and all other loans put together shall not exceed 25% of the employee’s gross monthly salary. Conditions of Agreement • The ownership of the vehicle shall not pass to the borrower until loan amount plus other sums due under the loan agreement have been paid in full. • The Company shall keep the vehicle registration book until all amounts due have been paid. • All risks of loss or damage to the vehicle for any cause shall pass to the borrower forthwith on signing agreement. • The borrower shall keep the vehicle exempt from claims of other parties or from legal attachment and not sell, assign, pledge, mortgage, hire or ot

Application for a Loan • After identifying the car they want to buy, the employee should submit a garage report together with their application form and the car should be less than 10 years old. • The employee completes the Company’s Loan Application Form, which can be obtained from the Human Resources Department. • The Human Resources Manager in consultation with the Head of Department approves Car Loans.

General The Company shall allocate Company vehicles to some employees based on grade (seniority) and nature of job requirements. In accordance with the laws of Zimbabwe, the Company vehicle shall be deemed a taxable benefit. Fully Expensed: The Company provides a fully expensed vehicle to the employee and the Company still owns the vehicle. The full cost of running the vehicle is covered for all business mileage and for reasonable private mileage. Mileage Limit: The mileage limit for every person driving a Company vehicle is 30 000 per annum. Mileage limits will be checked monthly. Any excess mileage will be charged to the individual employee using AA rates for recovery of costs and this is payable at the end of each year. Monthly Fuel Limit: Monthly fuel limits will be as per

• The Human Resources Manager in consultation with the Managing Director is responsible for vehicle allocation. • The Human Resources Manager will check vehicle logbooks every month