ACHIEVEMENT AWARD

POLICY:
Provide for a formal procedure for recognizing achievement of Divisions, Departments or special groups through the Achievement Award Program.

DEFINITION:
Performance Management System: a management system designed to bring the entire organization to peak performance through setting and achievement of targets by individual members of the organization, and development of competencies. Organization: a functional unit of the company organization such as Division, Department or Task Force Leader: an individual who manages a functional unit of an organization

DEFINITION:
Target: Each organization of a Leader has a target to achieve every year which is referred to as the organizational target. Leader on the other hand under the Performance Management System has individual targets that are derived from organizational target. Additional individual targets of a leader may also be the subject of the Achievement Award.
Project: a specific activity that will achieve the individual target of a leader. The accomplishment of this project is the intent of the Achievement Award.

Purpose:
Section 1: CONCEPT OF ACHIEVEMENT AWARD The Achievement Award is a tool to be used by the Leader as an incentive to members of the Leaders Organization including members from other organization.
Section 2: CULTURE OF EXCELLENCE The Achievement Award is also a tool of management to recognize flexible and high performance personnel in the companys pursuit of excellence in all aspects of operation.

OBJECTIVE:
Section 1: ACTIVATION OF ORGANIZATION The most important resource of our organization in the members. The achievement award is for the purpose of energizing all members of the organization.

Section 2: STRONG ORGANIZATION FOR FUTURE CONDITIONS Changing business conditions in the future requires clear objectives and result-driven organization. This strong organization is characterized by high level achievement of targets. Section 3: IMPROVEMENT OF PRODUCTIVITY AND QUALITY High achievement of Targets promotes productivity and quality of work.

COVERAGE:

This program shall cover all employees of the company up to the rank of Division Manager

ACHIEVEMENT AWARD
Section 1. DESIRED PROJECT The PROJECT is devoted to and addresses the current annual targets of ORGANIZATION or individual TARGET.

Section 2: MEMBERSHIP AND PARTICIPATION

Category Participation General Rule By membership of ORGANIZATION composed of a LEADER and members Manager or Higher position Belong to the ORGANIZATION of LEADER and/or members from other organization PROJECT can have members from more than 1 organization Details Size of group is 3 minimum including LEADER

Leader Member

Section 4: PROJECT PRESENTATION

PROJECT presentation should require minimum documentation only, simple and easy to understand. Presentation of PROJECT is anytime upon recommendation of Treasurer or Resident Manager for Presidential Award, and Division Manager and above for Treasurer or Resident Manager Award.

Section 5: PROJECT EVALUATION

Criteria Ingenuity and Invention Effect Details Extraordinary & original methods used in the PROJECT
The merit of Project as shown by: a.) quantifiable real savings or profit b.) non-quantifiable degree of improvement in work, systems, procedures, others Note: if there are points earned on both A & B the lower score shall be halved

Points 10 ~ 80

10 ~ 100 10 ~ 50

Effort Assurance of Continuity

Effort exerted by Project team members and extent of study and research Standardization of the PROJECT implementation

10 ~ 30

6 ~ 20

Section 6: TYPES OF AWARDS

Name of Award Grand Prix Award Description Selected from Presidential awards from Nov. of previous year to October of current year Awarding Christmas Party Once / 2 months Once / 2 months Yearly No. of Awards 1

Presidential Selected from total entries Award company wide Treasurer Award Selected from total entries of Makati office

5 Total 15

Resident Manager Award

Selected from total entries of Sinter Plant

Once / 2 mos.

Total 15

Section 7: EVALUATION COMMITTEE

Name of Award
Grand Prix Award Presidential Award Treasurer Award Resident Manager Award

Chairman
President President Treasurer Resident Manager

Members of Committee
Treasurer & Resident Manager Treasurer and Resident Manager Div. Manager and above of Makati office Division Manager and above including Japanese Staff of Sinter Plant

Section 8: NATURE AND DISTRIBUTION OF AWARD

Name of Award Grand Prix Award Nature of Award (in addition to presidential award) Cash & Plaque of Recognition *Amount P 20,000 + 500/member Cash * Amount P10,000 + 500/member Cash Amount P 5,000 + 500/member Cash Amount P 5,000 + 500 / member Note: cash distribution or similar such as coupon is not allowed Distribution / Usage of Award Group gathering such as party and dinner with members. Award will be liquidated thru receipts.

Presidential Award Treasurer Award Resident Manager Award

THE END