Yearly Bonus & Leave Encashment
It is the policy of FAC to provide the annual bonus to all eligible employee’s working in FAC facility.
FAC provide the annual leave to all eligible employee’s working in FAC facility.
Increment
Annual increment is granted to the employees according to their date of joining which is 10% of its salary or more depends on its each year performance evaluation.
EMPLOYEE BENEFITS
FAC strongly believe that our employees are the biggest asset of the company. FAC always make sure that all the benefits are paid to its employees.
E.O.B.I Policy
FAC register each and every employee with the E.O.B.I (Employee’s old age Benefit Institution). EOBI Department pays the pension to the retired employees after completion of minimum period as per EOBI law. FAC pays 6% contribution of total salary.
Gratuity Policy
We have policy that each employee is given gratuity equivalent to one month’s salary (last drawn) for each completed service year at the end of his employment as labor law. In case of death of an employee gratuity is given to his/her legal heirs.
Life Insurance Policy
As per the applicable law FAC provides life insurances policy to all its work force. All the employees are ensured and registered with social security and labor office. In case of any death occurred the employees is paid by the company and labor office according to requirements.
Other Benefits
- Medical facility
- Transportation facility
- Meal facility
- Marriage grant
- Scholarship
- Funeral expense
- Free interest loan