Company HR Policy

Clause: Minimum Sales Performance and Performance Improvement Plan (PIP)

Sales Performance Clause
All employees in Sales, Business Development, or any target-driven roles are expected to meet or exceed the sales targets assigned to them monthly and quarterly.

1.Automatic PIP Trigger

If an employee achieves less than 30% of the assigned sales target  for any  consecutive two months or any single calendar quarter, the employee shall be automatically placed under a Performance Improvement Plan (PIP) without the requirement of a separate written notice or formal warning.

2.No Separate Notice Requirement

The employee acknowledges and agrees that, under this clause, the company is not required to issue any separate or prior written communication before placing the employee on PIP for non-performance.

3.Salary Adjustment During PIP

During the PIP period:

The employee shall receive only 50% of their monthly gross salary.

The balance salary may be withheld and shall not be payable retroactively unless the employee successfully exits the PIP with verified performance recovery (as per company-defined KPIs).

4.PIP Duration

The standard duration of the PIP is 60 days, extendable up to a maximum of  120 days based on management discretion and the severity of underperformance.

The company reserves the right to conclude the PIP earlier in cases of severe non-compliance or escalate it into disciplinary or termination proceedings.

5.Exit Criteria and Consequences
If the employee achieves minimum target thresholds and shows consistent adherence to performance standards during the PIP, the full salary may be reinstated.

 Failure to meet the agreed improvement goals may result in termination of employment without further notice or salary restoration, as per the terms of the appointment letter and applicable company policies.

This policy is effective from 1st April 2024 and is applicable to all sales team members across the organization.