Dang Thanh Tam, Director General of the Tan Tao Industrial Zone Development Company (ITACO), said that the company may give bonuses of up to VND1bil ($62,500) to prominent individuals.
Mr Tam said that the high bonus should be seen not only as the recognition of the efforts and high results of labourers, but also as a method to keep talents. Therefore, it is understandable why the company plans to give such a high bonus.
Prominent individuals will be given a gift which is equal to 10-20% of the turnover the individuals can bring to the company. One staff of the company received a 1mio US$ bonus on the 2005 Tet. The lowest bonus level applied in the company was 7mio VND per person, equal to two month’s pay.
Besides the bonus given on Tet as gifts, the staffs who hold key positions in the company for more than three years and commit to work for the company for a long time will be allocated land and vehicles for travelling. At the weekend, they can go on holiday with these vehicles while still receiving full pay. Any staff of ITACO who wants to follow training courses to increase their knowledge will be supported by the company.
When ITACO began listing on the bourse in November, all the members of the company were given a bonus in the form of company shares.
Source: VNE
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