Benefits

 Free medical treatment for self, spouse and dependant family.

 Can claim 7/12th of salary in case of sickness up to a maximum of 8 weeks in a continuous
period of 35 days.
 Can claim benefit/pension in case of disablement/ death at workplace.

Gratuity Scheme:-

As per The Payment Of Gratuity Act,1972, gratuity shall be payable to an

employee, on the separation / termination of his employment after he has rendered five
years of continuous service,
- On his superannuation.
- On his retirement or resignation.
- On his death or disablement due to accident or disease (in this case 5 years of service is
not necessary).
- Gratuity is calculated at the rate of 4.81% of Annual Basic.

Special Privilege Scheme:- (Employee Discount Coupons)

ELIGIBILITY:
 The scheme is applicable to employees who are on the rolls of the company.
 The scheme applies immediately at the time of joining.

Entitlement

The Purchase limits under this scheme would be as follows:

Level Purchase Limit (Rs. p. a.)

Band 1 (Coordinator) 25,000

Band 2 (Specialist) 50,000

Band 3 (Mid Management) 100,000

Band 4 (Management Advisory) 200,000

Band 5 (Strategic) Actual

 FBB Shishya

Objective:-

This program is aimed at self-development of FUTURE GROUP employees to enhance their

skill set by taking up educational courses in a part-time or distance learning(correspondence)
capacity thus enhancing their productivity and adding to organizational value.

Eligibility:-

All employees of FUTURE GROUP, who have completed 1 year of service and who have
received confirmation of employment. Both criteria have to be fulfilled.

Benefits:-

 Employees would be allowed to take courses of their choice, which are relevant to
enhancing their skills and knowledge for their job and have an impact on their work
area.
 The total value of the benefit can be availed once in three years from the date of
eligibility. That is, over a 3 year time frame, any employee can take up courses whose
fees totally add up to his/her maximum eligibility.

Band Position(store) Amount Eligible Position (HO & Amount Eligible

Per Course Zonal Office) Per Course
Band 1 Sales Staff Up to 15,000 Coordinator Up to 25,000

Band 2 ADM/DM/Backend Up to 20,000 Sr. Executive/ Up to 30,000

Support Executive
Band 3 ASM/SM Up to 30,000 Deputy Manager/ Up to 50,000
Asst. Manager
Band 4 Store Manager/ Up to 75,000 Senior Manager/ Up to 1,00,000
Area Manager Manager
Band 5 Head / Chief Up to 2,00,000

1.2

 Seekho

Objective:

 To enable employees to enhance their skills sets by taking up educational courses thus
enhancing their productivity and adding to organizational value.
 To aim at self- development of employees.
Applicability:

Program Detail Applicability

Full time Post Graduate Program in Retail
management(PGPRM)
a) Completion of one year of continuous service
with the organization as on 15th July of the
calendar year in which the course is to
commence.
b) Secured minimum of 50% in graduation from
a recognized university.

 FBB Foundation

 Background: Each of us spend a large proportion of our lives at work with our colleagues who
become a second family away from home.
 It is important that all our employees feel that this too is a family that cares for them and will be
there for them in their time of need.

 The Concept

 Each employee VOLUNTARILY contributes a small amount from his/her salary each month to the
Fbb Foundation.

 This fund will be registered independently.

 Any employee in need of urgent funds for any medical emergency for him/herself or his/her
family can take an interest-free loan from thus fund.

 Benevolent Loan

Objective:

 To facilitate financial support to employees within specified parameters in connection with basic
living requirements.

Eligibility:

 Loans are applicable to confirmed employees who fulfill the qualification requirements for each
category of loan.
 The employees should have maintained a creditable performance rating.

Standards:
 Loan has to be applied for on the Loan Application Form.

Applications will be routed through SM/ASM.

 Salary Advance

Objective:

 To provide assistance to the employee to meet his immediate financial requirement or any
emergency.

Eligibility:

 Applicable to confirmed employees.

Standards:

 The employee can take advance only after 15th day of the month.
 Amount of salary advance should not exceed more than one month salary.
 The said advance is interest free.
 Recovery of the advance amount will be done in subsequent month’s salary.

 Celebrations

Gift Voucher on Wedding & New Born Baby

Eligibility: All confirmed Employees.

Benefit:

 Such Gift voucher will be presented only for first marriage.

 A gift voucher of Rs. 1000/- will be presented to an employee who has been blessed with a
new born baby.
 Applicable for first two children only.

 Long Service Award Policy

Objective:

To recognize, encourage and reward the long-term contribution and commitment made by
by the employees for the growth of the Organization.

Applicability:

This policy is applicable to all employees of PRIL and its subsidiary companies who are on
permanent rolls of the company.

Eligibility:

An employee will become eligible for the award after having put in 5 or 10 years of
continuous service.
Mediclaim

Covers hospitalisation expenses for illness , disease or accident

Salient Features:

 Covers for self, parents, spouse & two dependant children up to the age of 21 years.
 Covers only Hospitalisation expenses.
 Domiciliary Hospitalisation & Domiciliary Treatment expenses not covered.
 Pre hospitalisation up to 30days.
 Post hospitalisation up to 0 days will be covered.
 Sum Insured Per Family is from Rs. 75,000/- to Rs. 3,00,000/-p.a.

Exclusions:

 Domiciliary Hospital expenses.

Non Allopathic medicine
 Congenital diseases.
 Expenses arising from AIDS and related treatment.
 Use of intoxicating drugs or alcohol.
 Joint replacement surgery.