At Pakka, we believe that every team member is a driving force behind the success of organisation. Their passion, dedication, and hard work that power our growth and excellence that distinguish us in the industry. To celebrate these contributions and inspire continued excellence, we are now simplifying the calculation of our Annual Profit-Sharing Scheme. We are happy to introduce the revised scheme, designed to appreciate the contribution of every team member and encourage continued performance and engagement.
Purpose
The Annual Profit-Sharing Scheme is aimed at:
· Acknowledging outstanding individual and team achievements.
· Encouraging a culture of accountability, collaboration, and innovation.
· Aligning personal efforts with organizational goals and long-term growth.
Computation
The Annual Profit-Sharing Scheme shall be applicable to all regular team members and full-time contractual team members who have completed a minimum of 240 working days in the respective financial year.
The Profit-Sharing will be based on:
1. Individual performance — To be measured through the %age score of Varshik Lakshya Patra of all regular team members.
2. Company performance — To be calculated on business segment wise EBIDTA %age.
3. Profit sharing for contractual team members shall be a fixed amount of ₹5,000 for each member who has worked with the organisation for a minimum of 240 days (Including accidental medical leave in the plant) during the respective year. This
policy applies to all contractual team members, whether engaged on daily wages or piece-rate basis, across the organisation. This excludes project-based contractors and canteen/mess contractors.
I. For daily wages contractual team member their attendance must be captured through biometric system, and this is mandatory to have their IN-Punch and Out-Punch duration equivalent to 8 hours.
II. For Piece rate contractual team member their attendance must be captured through biometric system, however the completion of 8 hours/day not necessary between their IN-Punch and Out-Punch.
III. Contractors are not eligible for annual bonus. However if they are working as team members under their contract, they shall be eligible for the same provided they are registered as contractual team members.
Structure
1. There shall be no category of Sevak, Sanghrakshak and Utpadak while calculating the profit-sharing amount on VLP scores.
2. EBIDTA %age shall be taken for following business segment:
Business Method
| Business | Method |
|---|---|
| Wrap & Carry Business (including Moulded Pulp and Egg Tray) | 50% of Organisation EBIDTA + 50% of Wrap & Carry Business EBIDTA |
| Food Service Business | 50% of Organisation EBIDTA + 50% of Food Service Business EBIDTA |
| Common + Innovation + Branding & Marketing | 85% of Wrap & Carry Business + 15% of Food Service Business |
- The organisation’s EBIDTA represents the overall performance percentage of the company, encompassing all business segments such as Wrap & Carry, Food Service, and Innovation.
4. Respective team members shall be eligible to take their annual profit sharing against EBIDTA %age in their business segment.
5. The amount of annual profit sharing will be calculated with the percentage of VLP achievements and team members actual annual base salary including DA amount received during the year.
6. The individual percentile for each business segment will be calculated by considering the highest VLP scorer in that segment as 100%. The remaining team members’ percentile will then be determined proportionally, in descending order, based on their respective VLP scores.
7. Each team member’s share of the annual profit will be determined by multiplying the respective EBIDTA percentage with their individual percentile.
8. Team members who do not participate in the Varshik Lakshya Patra (VLP) shall be eligible only for the annual bonus payable under applicable statutory norms.
