It is true that employees are the assets of an organisation, especially the ones who have passion and have given consistent performance over a period of time. As a part of the retention policy, HR would incentivize these employees by paying a bonus but with certain preconditions. This template would assist HR teams to formally obtain agreement on certain preconditions with an employee on payment and receipt of retention bonus.
This letter template is available for download in Word format.
In just a few minutes you will be able to create a retention bonus agreement for your employees. This template covers vital information like: