CodeFusion AI Employee Handbook 3.2 Evaluation During Probation • Employees will receive regular feedback and performance evaluations from their man- agers. • The evaluation will assess factors such as work quality, teamwork, communication, punc- tuality, and adherence to company values. • If an employee demonstrates satisfactory performance, their position will be confirmed as permanent upon completing the probationary period. 4 Compensation & Benefits Salary Component Description Basic Salary 50% of gross salary. House Rent Allowance (HRA) 25% of the gross salary. Medical Allowance 10% of the gross salary. Conveyance Allowance 5% of the gross salary. Entertainment 5% of the gross salary. Utility 5% of the gross salary. Table 1: Salary Breakdown at CodeFusion AI 4.1 Salary & Payments • Salaries are paid via bank transfer within the first 7 days of the following month, as per Section 123 of the Bangladesh Labour Act, 2006. • Employees must ensure their bank details are up to date with HR to avoid payment delays. 4.2 Bonuses & Allowances • Festival Bonus: Employees are entitled to two 50% salary bonuses per year, usually disbursed during religious or national festivals, in compliance with Section 111 of the Bangladesh Labour Act, 2006. Employees become eligible for the festival bonus after completing one year at CodeFusion AI, including the probationary period. • Performance Bonuses: Employees may receive performance-based bonuses based on annual evaluations, aligning with company goals and objectives. 4.3 Calculation of One Year and Six Months: As per Section 2(35) of the Bangladesh Labour Act, 2006, a year is defined as twelve con- secutive months of service under the same employer, with a minimum of 240 working days. Similarly, a six-month period is calculated as six consecutive months of service with at least 120 working days. 3

This is a modal window.