348,338 Bonus Payout to Workers

The Fiji Pine Group (FPG) of Companies declared a gross bonus payout of $348,338.39 to 331 employees on a performance pay basis out of 435 employees.

The FPG through the various reforms continues to look after the welfare of its workers.

During the 2 years of COVID-19 pandemic our workers continued to be employed, receive increments and year-end bonuses.

Performance Based recognition system has been in discussion for more than a year and after extensive awareness the FPG implemented this in 2022.

There are two key things that are achieved through this methodology:

1) We empower our employees to take control of their performance pays by ensuring that they meet their respective KPI’s.

In the process we provide them regular feedback. We would like to assist our workers in achieving their maximum KPI rating thus maximize on their year-end incentive pays.

2) It is a fair system of recognition where workers with star performance get star reward. It drives productivity and efficiencies.

FPG has fostered performancebased recognition system which is applicable to all employees purely based on Merit.

Over the past years, the chief executive offier, Vimlesh Kumar said, year-end recognition (bonus) at Fiji Pine Group of Companies was awarded on an “across the board basis” without any assessment of individual performance; this included performers and nonperformers. Such a system neither helps the workers nor the employer.

In this world of ever-changing business environment, one needs to be up to par in order to remain afloat.

Systems, processes and ideas need to reflect the ever-evolving business environment. FPG is not immune to these evolvements.

Performance pay

To qualify for year-end performance, pay, employees had to cross the minimum KPI assessed rating of 40 per cent.

This year’s maximum potential performance pay was 10 per cent of the base annual pay. The assessed KPI percentage is applied to the maximum potential bonus.

The maximum amount of performance pay that a worker received was $1704.41 and $2262 for weekly and staff positions respectively.

We thank all our workers for their hard work in 2022 and we look forward to another productive year come 2023.