Our staff is our backbone and greatest asset, so it makes sense for us to offer them excellent benefit packages that leave our employee to be in good health, enjoy work ambience and have good financial future and opportunity to save money. Thus, overall well-being of our employees and their families is important for us. We offer many valuable benefits, tools and programs to keep employees happy and help them and their families to manage their work-life balances and different phases / developments of their life. 

At novo, we are fervent about forming a stimulated supportive work ambience that make employees happy and keep moving happily though out our outstanding employee benefit programs.

A high-performance ambience is critical to Novo"s future growth and performance. We encourage employees to be actively involved in managing customer-focused solutions to augment the business and boost company performance and profits. Employee’s commitment, hard work, creativity, enthusiasm etc are the key factors that contribute to company"s continued growth and success.

 

In recognition of this contribution, Novo awards monthly / quarterly performance-based incentives and/or other individual forms of recognition through one such program called Employee Incentive Program (EIP). EIP provides cash bonuses that are awarded via attractive MET (Motivation, Effort and Target) based schemes. This MET schemes ensures that employees are well motivated to perform their best and meet their financial obligations to manage themselves and their family. All employees right from trainees are eligible to participate in this EIP and incentives are disbursed along with the salaries every month. Our EIP is unmatchable in the industry and our people have made use of this program to greater extent, keeping their life glowing always.

Thus distinguishing the value that employees bring to the company, Novo incessantly striving hard to provide a competitive and generous benefits package that are broadly classified on the following heads.

Compensation

Base(Fixed) Salary

On Target Variables

Performance Variables

Diverse Incentives

Bonus on declaration

General Holidays (10-12 / Year)

Company Holidays (24 / Year)

Casual Holidays (1 /month for employees on probation)

Carry Forward Facility

Comp Offs for Sundays and Holidays

Performance recognition programs

Continuous assessment of current recognition programs and practices.

Identifying Business needs and Industry needs that lead to metrics and rewards.

Well designing tools and metrics, which managers and employees use effectively to recognize each other.

Open review process that reinforces responsible and effective recognition in the organization.

Focus on Careers initiatives

Speaker Classes – Programs to hear lectures from company and industry leaders

Regular training sessions for employees through our training initiative called KISS (Knowledge and Information sharing     sessions) meetings, organized periodically.