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Olympeo HR Policy
Olympeo Infrastructure LLP welcomes you aboard. We endeavor to provide congenial environment
for personal and professional growth through dedication and excellence in work.
The rules and regulations shall be applied to all the Employees of the Firm / Group organizations.
ON BOARDING
What is On boarding?
This is an activity where every employee is run through the process of the filling of form and formats
both statutory and firm specific for the entire data capture post recruitment .This process helps in
creating a detailed profile of all employees who join the firm. This helps in our database updation
and statutory compliance.
How long is this process and what does this consist of?
It lasts for half a day preferably in the first half. This consists of filling of statutory forms and firm
specific forms (For e.g. Joining Form, Personal Details etc.) for every employee to avail the benefits &
services offered by the organization.
Is it compulsory?
Yes it is compulsory for each and every employee who joins Olympeo Infrastructure LLP and no
employee is exempt from this. However due to unforeseen reasons if anybody has missed this
process please contact the HR team. Employee has to submit all the documents within 3 days of the
joining.
Is this a part of the induction process?
No it is not a part of the induction process. Induction is a detailed process where every employee is
taken through the whole business cycle of Olympeo Infrastructure LLP and awareness on what the
firm does, how it operates, what are ongoing & future projects and how was it originated.
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Whom do I contact if my access card is not working?
You would need to inform the administration team who will do the needful.
FOOD ARRANGEMENTS
Where do I go and eat?
For having food / snacks, you can go to Cafeteria, which is located on 2nd floor of Kesar Solitaire.
Does the firm provide with coupons for having meals in the cafeteria?
We do not provide meal coupons as on date.
Can we smoke or drink in the premises?
Smoking and drinking is strictly prohibited in the office premises as per the Government regulation.
Are we allowed to get our own food from home?
Certainly, however you can have the food only in the cafeteria.
Is there a specified time for the meals?
No, however, Official lunch hours duration is 30 minutes.
Is safe drinking water provided on campus?
Staff health is of utmost priority for us and we provide filtered water in our office.
CONFIRMATION PROCESS
What is the probation period?
Employee would be on probation for the period of 3 months.
During probation he / she is not entitled to for any leaves.
Any leaves taken during this period would be considered as LOP (Leave without Pay)
He/ she needs to take a prior approval of 5 days for any leave required.
All leave request needs to be sent strictly on email ( mail to your reporting superior with cc
to HR)
Is there an automatic confirmation after probation period?
Yes, in case you are not issued a probation extension letter, your services are automatically
confirmed. Olympeo Infrastructure LLP will not issue any confirmation letter.
How long is the probation extension period?
The probation period can be extended subject to management discretion.
Can the probation be extended twice?
Our policies do not permit extending the probation period twice.
On what basis is my probation extended?
The assessment of your performance against the firm expectation is the basis of extension of the
probation period.
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52 days
12 days
10 days
24 days
98 days in a year
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You would need to apply for Privilege leave on email, to be approved to your Manager, atleast one
fortnight prior to taking Privilege Leaves and a week for Casual leaves. Once this is approved you will
need to forward the approval to HR/ Administration.
How do I know my leave balance?
HR will maintain a leave card with your leave balance. For staff at site there will be an attendance
template maintained by the Site Manager. However, the decision of HR is final in this regard.
What happens when I dont inform my leave of absence?
Any leave without prior approval will be considered as leave without pay. Any employee absent from
work for eight or more consecutive days without intimation / prior approval or an acceptable reason
is deemed to have resigned from the organization without notice. The organisation will deduct
whatever payment from his/her salary in lieu of the required period of notice.
From when am I eligible for leave?
Right from the day you are confirmed in the firm, prorated on the number of months worked.
Can I accumulate leave and is there a limit on the number of days I can accumulate?
Only accumulation of Privilege Leaves is allowed. The Casual Leaves are to be availed in the Calendar
year itself.
Will I be able to encash leave at the end of the year and if so how many days?
If you dont wish to utilize your leaves you can encash your pending leaves of earlier calendar at the
end of financial year subject to having a minimum balance of 48 Privilege leaves. Leave encashment
will be made based on your Basic Salary.
What happens if I take more leave than I am approved for?
Any leave taken more than the balance will be considered as Loss of Pay.
What if I am not able to come to work because of medical or personal reasons and unable to
inform the office?
You would have to either inform your manager over telephone or send an e mail / pass a message
on through somebody that you will not be reporting to duty. Please understand it is a part of the
duty and responsibility of each and every individual so that the business can be managed smoothly.
How many holidays do I get in a year?
The holiday list would be published at the beginning of every calendar year.
As a female employee am I entitled for maternity Leave?
We allow the benefits as per guidelines of Maternity benefit act 1961; all women employees are
entitled to a maximum period of 12 weeks (Six weeks preceding the expected date of delivery and
six weeks after the date of delivery). During the leave period all women employees are entitled to
Basic Salary for the period of the leave.
For any of the above cases if leave application is not produced the leave will be considered as Loss of
Pay and the same amount deducted from the salary.
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Can I avail compensatory off for working extra time?
We dont have compensatory offs. However for site based staff, compensatory off is allowed to be
taken for overtime (at least 8 hrs of extra work) within 15 days of such overtime working.
Compensatory offs can be taken only on prior approval from manager over e-mail.
COMPENSATION
What are the components in my structure?
Gross Salary/ Base Salary
a. Basic: 35% of the Gross salary
b. House Rent Allowance (HRA): Depending on the place of living i.e. if it is a Metro then the
HRA 50% of the Basic, incase a Non-metro then it is 40% of the Basic.
c. Conveyance: INR. 9600 p.a. as per the IT Act.
d. Medical reimbursement: Rs. 15,000 p.a. as per IT Act.
e. Leave Travel Allowance: Maximum 2 months Basic Pay (twice in a block of 4 years)
f. Special Allowance: Gross salary minus components mentioned above.
What are the Taxable components in the structure?
a. Basic
b. Special Allowance
c. Medical Reimbursements: Amount for which the bills are not submitted will be taxed. Tax
exemption is limited to INR. 15,000/d. LTA: Taxable twice in a block of 4 years.
e. HRA: Taxable on non submission of rent receipts.
How do I plan my taxes?
Please fill in the Investment declaration form and mail it to finance@olympeo.com by 15th April or
within 15 days of joining, whichever is later. Tax is deducted based on the declaration submitted by
you. Proof of investments, medical bills, LTA bills, rent receipts etc need to be submitted by 15th
February of every year. For further clarifications please contact finance@olympeo.com
What should I do if I have to opt for PF?
Presently, Olympeo Infrastructure LLP does not have any PF facility.
What is the Pay Cycle?
Salary would be transferred to your RBL bank account (ONLY) on the last working day of every
month. Employees joining on or before 15th of every month would be included in the payroll of that
month. Employees joining post 15th of each month will be included in the following months payroll.
What If I havent opened a bank a/c yet?
You will have to open a bank account within one month of your joining. However you will get a
salary cheque only for the first month.
How do I get my pay slip?
Soft copy of your pay slip would be sent to your Olympeo email id (ONLY) by Finance/Accounts
Team. In case of any clarifications you need to contact Finance/Accounts Team.
What are the deductions in my salary?
Professional Tax Statutory deduction required
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Income Tax If applicable and based on your declaration
Medical Re-imbursement (if opted)
LTA (If opted)
Can I take any salary advances and if so to what limit?
As a firm we do not encourage salary advances.
When is my Bonus paid?
In Olympeo Infrastructure LLP bonus payout is discretionary and depends on performance. It is paid
out annually depending on the Business Line you are working for.
What are the different kinds of bonus?
All the staff are eligible for Discretionary Bonus, which is dependent on the following performance, It
is the following parameters
1. Individual Performance
2. Business Line Performance
3. Firm Performance
The payout of bonus is entirely at the discretion of the firm and its interpretation of performance.
Do I get paid bonus for the period I have worked even after I leave the firm?
You will be eligible for Bonus provided it is declared and you are on the firm as on date of payout.
OTHER BENEFITS
Do I have Internet connection at my workstation?
Yes, all the systems have internet connectivity at all the Olympeo Infrastructure LLP office. Site
based employees will have limited access to internet.
Is everybody eligible for SIM Card?
No, SIM card is owned by the individual & not by the firm. Only SIM cards of shared phones will be
paid for directly by the organisation.
Am I provided with an office cell phone?
As on date we do not provide the handset. However, as an exception few cell phones has been
provided to the field sales personnel.
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The performance is measured in terms of individual skill sets, team skills, initiatives, contribution to
the growth to the Firm.
Who is eligible for Performance measurement?
All employees are eligible.
What is the Performance Measurement cycle?
The cycle is April March of the financial year. Objectives need to be set by the employee in
agreement with the Manager within the first month of joining. Employees who join on or before
September 30th every year would be eligible for the year end performance review.
Does Performance review have any impact on my Bonus?
Yes, Performance rating is one of the many factors used on deciding the bonus payout for an
employee.
What is the maximum amount of bonus that I can be paid?
There is no fixed amount of Bonus that can be paid. Bonus is totally discretionary and payout
depends on firm and individual performance.
Does Performance Rating impact increments and promotions as well?
Performance Rating is one of the many factors that are taken into account while deciding on
promotions & increments.
PROMOTIONS
When am I eligible for promotion?
Promotion is not based on seniority but purely based on performance.
When is promotion effective?
Promotions are effective 1st April every year. This is applicable for all employees. It is important to
note that the firm may decide not to have the promotions exercise for a particular year due to
reasons it may consider reasonable.
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Please contact the HR person or your manager.
What are the measures taken by the firm to avoid this?
The firm always sensitizes its employees and encourages them to talk to their colleagues.
How do you verify or validate a sexual harassment charge?
Incase any employee is found misbehaving with female employee within office premises or involves
in any sexual harassment of any nature whatsoever, he would be liable of termination from his
employment.
ADMINISTRATION SUPPORT
Whom do I contact for any admin related queries (SIM Card, Business Cards, and Photo ID Cards)?
You need to contact the HR / Admin person.
Who do I escalate to in case of any issues?
You need to escalate issues to HR.
FINANCE SUPPORT
Whom do I contact for any Finance queries (Travel, Mobile bill and other reimbursements)?
You need to contact Finance and Accounts executive for such queries.
Whom do I escalate to in case of any issues related to delay in bill payment or reimbursement?
Finance related issues should be escalated in the following hierarchy
Asst. Manager Finance & Accounts
COO
SEPARATION
Resignation has to be served with a 30 days notice. Any employee who leaves the
organisation without 30 days notice will get a remark on his / her relieving letter. The
experience certificate / final settlement will be done only after 30 notional days has lapsed
when notice of resignation is served.
Employees who are on probation should also give 30 days notice.
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No employees should except any direct or indirect gifts from any supplier, customer, client,
public either in cash / kind.
Incase received shall be handed over to firm immediately
All employees are required to handle office equipment with due diligence and care.
They shall return all equipments in good condition to firm at the time of separation.
Any loss / theft employee should immediately report to management. (It is managements
discretion to decide whether to bear the cost of loss / damage or no)
No employee will tamper office records, if found doing so (Management reserves right to
take strict actions against the employee)
All employees are expected to abide all the above rules and regulations of the firm. If any employee
is not following the above polices, then Management reserves right to take strict actions against the
particular employee.
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