In my company, employees should work from 9:00 am to 6:00 pm, 5 days a week. My company buys employees insurance, provides stock options to employees and pay wage monthly and had never been delayed.
If an employee makes a mistake, HR will deduct/take away part of their salary, for example, being late one time will make the employee lose $100 in salary, only for that month.
Is there a term or common phrase to refer to this kind of rule?