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    Jun 2023 Incentives Statement-2

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    mukesh mewada
    The document informs Mukesh Kumar Mewada that his incentives for June 2023 will be paid along with his July 2023 salary, and provides a breakdown showing he earned no incentives as his KPI achievements and direct/DSA business were all 0. It also outlines the eligibility criteria for incentives, including requirements to achieve a minimum business volume and policies around retaining a portion of payouts for 12 months.

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    Jun 2023 Incentives Statement-2

    Uploaded by

    mukesh mewada
    8 views1 page
    The document informs Mukesh Kumar Mewada that his incentives for June 2023 will be paid along with his July 2023 salary, and provides a breakdown showing he earned no incentives as his KPI achievements and direct/DSA business were all 0. It also outlines the eligibility criteria for incentives, including requirements to achieve a minimum business volume and policies around retaining a portion of payouts for 12 months.

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    91968_Jun 2023 Incentives statement-2

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    The document informs Mukesh Kumar Mewada that his incentives for June 2023 will be paid along with his July 2023 salary, and provides a breakdown showing he earned no incentives as his KPI achievements and direct/DSA business were all 0. It also outlines the eligibility criteria for incentives, including requirements to achieve a minimum business volume and policies around retaining a portion of payouts for 12 months.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views1 page

    Jun 2023 Incentives Statement-2

    Uploaded by

    mukesh mewada
    The document informs Mukesh Kumar Mewada that his incentives for June 2023 will be paid along with his July 2023 salary, and provides a breakdown showing he earned no incentives as his KPI achievements and direct/DSA business were all 0. It also outlines the eligibility criteria for incentives, including requirements to achieve a minimum business volume and policies around retaining a portion of payouts for 12 months.

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    © All Rights Reserved
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    Dear Mukesh,

    We are glad to inform that the incentive for Jun'23 will be paid along with your Jul'23 salary. Following is the break-up of final incentives.

    PERSONAL DETAILS
    Name Mukesh Kumar Mewada Zone MP CG VD
    Emp. ID 91968 JC Name 4552
    Role Relationship Manager - MHL JC Code Indore-Vijaynagar
    DETAIL OF INCENTIVES CALCULATION
    KPI (Products) Actual Achieved Cancellation DB Final DB Pay out% Variable Amount
    DB (Direct+Exp Topup) 0 0 0 0.00% ₹ 0.00
    DB (DSA) 0 0 0 0.00% ₹ 0.00
    Connector 0 0 0 0.00% ₹ 0.00
    Referral 0 0 0 0.00% ₹ 0.00
    Gold DB 0 0 ₹ 0.00
    RFS to MHL DB <10 Lacs No of DB 0 ₹ 0.00
    Capping 35k per case (Difference amount) ₹ 0.00
    GI & LI (May'23)/Hospicash 0 ₹ 0.00
    Referral Incentive (FD/CASA,etc) ₹ 0.00
    Total DB (MHL+Gold) 0 0 0
    RAAC rate additional variable pay ₹ 0.00
    TOTAL KPI's Incentive ₹ 0.00
    Total Incentives Earned ₹ 0.00
    Less: Retained incentives (25%) ₹ 0.00
    Add: Retail incentive cleared (Jun'22) ₹ 0.00
    Less: DB Cancelled Amount. 0 ₹ 0.00
    Add: Pending Variable Pay Variable Pay 0 ₹ 0.00
    SI/B0 collection Payment - (Debit/Credit) ₹ 0.00
    Total incentives payable for July'23 payroll ₹ 0.00
    Eligibility criteria

    1. DB incentive minimum eligible for RE & RO is 10 lacs, RM is 20 lacs. Direct - 0.15%, DSA - 0.05% & Connector & Referral - 0.15% on Eligible DB amount (Pay-out for
    a single case to be capped at ₹ 35,000). *highlighted
    slab applicable only for RFS-RO (if the value is <10 lakh), after 9 month normal slab is applicable (Gating - Q2- minimum of 1 DB & Q3- minimum of 2 DB).
    2. Formal Salaried customers sold @ >= 11.5% will get additional 0.2% Payout (on RAAC rate)
    3. Retained incentive (25%) will be calculated on Direct incentive.
    4. GOLD incentive is applicable only for NEW Bussiness (FRESH Gold DB). (With in 30 days closing will not pay for fresh Gold DB).
    5. Minimum Premium of GI & LI is >5k & >15k respectively to eligible for incentive & for HOSPI CASH Rs: 75/Case.
    6. Backlog incentives will be calculated sepratly and paid along with the current salary. 25% of the incentives will be claw back and paid after 12 months after checking
    for delinquency. (For eg. Apr'21 retailned incentive will pay in Apr'22)
    7. In case of any query feel free to reach out us at [email protected]

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