MIBCO Compulsory Annual Bonus


If the MIBCO Assist feature is selected the system will check each employee that does not have “Additional Holiday Pay” recorded on his/her remuneration screen and will then indicate that employee’s anniversary month (holiday bonus month) on the monthly clocking report.


The user can also request a complete 12 month clocking report per individual to check for absenteeism in order to reduce the employee’s bonus in accordance with the MIBCO agreement. (The bonus may be reduced by one fifty-second for each week in which the employee does not work his full shifts.)


The Clock Report will indicate the bonus month where applicable