Page 74 - InterloopLimitedSR2020

NOURISHING WORKFORCE

Compensation & Residential Facilities
Benefits
To facilitate non-resident male &
female executives, Interloop provides
At Interloop, market based top-class residential facilities including
remuneration is offered to all hostels and upscale apartments within
employees, according to their skills company premises, as per space
and performance. Workers at all availability.
locations are paid more than the
minimum wages prescribed by the
government. We ensure that the Leave Fare
contractual employees working within Assistance &
the factory premises are paid the
minimum wages, and salaries are Anniversary Day Off
disbursed to all employees directly
through their bank accounts. All To promote work life balance,
male and female employees hired for Benefits* Executive Non-Executive Interloop provides annual Leave
similar positions receive equivalent Life Insurance Yes Yes Fare Assistance (LFA) to executive
remuneration and benefits. employees for vacation with family. Company Shares to its eligible any further allocation of shares under
Health Care Yes Yes It also presents them a day off on Executive Employees, pursuant to the scheme has been put on hold till
Female workers are eligible for Disability / Invalidity Coverage Yes Yes their wedding anniversaries with the Public Companies (Employees its amendment in accordance with
maternity leaves. During 2020, all Parental Leave Only females Only females paid dinner to enjoy the memorable Stock Option Scheme) Rules, 2001, the “regulations applicable on listed
eligible 43 female workers took occasion with their spouses. transforming them from Stakeholders companies”, owing to the recent
maternity leave and 40 returned to Retirement Provision Yes Yes to Shareholders. These shares qualify listing of the Company on the Pakistan
work during the year. During 2019, 4 Stock Ownership Yes No Employee Stock for bonus shares, dividend or similar Stock Exchange. The proposal for
out of 14 female workers who took Residence Yes No corporate benefits announced by subject update in the existing scheme
maternity leaves returned to work and Company Vehicle Yes (E5 & above) No Option Scheme the Company from time to time. The is under review and pending approval
remained employed for more than scheme is flexible, voluntary and from shareholders of the Company
12 months. The return to work and Subsidized Meals Yes Yes The company introduced “Interloop focused on long term growth and and SECP, respectively.
retention rate is 97%. Pick and Drop Yes (E1 - E4) Yes Limited Employees Stock Option prosperity of the employees. Currently,
Scheme, 2016 (ESOS)” to offer
*Benefits for full time employees including executives & non-executives. Not applicable to contractual
employees

Interloop provides multiple employee
welfare schemes including gratuity,
provident fund, health care including
health insurance, group life insurance
offering death, accidental & disability
benefits, scholarships for employees’
children, special welfare assistance
for non-executives, free pick & drop,
subsidized meals, etc.

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