Compensation and Rewaard Management

crms COMPENSATION AND REWARD MANAGEMENT |

PROJECT |

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A Comparison of the Pay and Pension Structure between 3 Public sector Undertakings.( Indian Oil Corporation, ONGC and Bharat Petroleum Corporation Limited |

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Group 8 |

2/20/2011 |

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Introduction

Pay Scales in Petroleum and Power sector PSUs

Name of PSU | Executives (Rs) | Workmen (Rs) |

Indian OilCorporation | Below Board levelI - 23750-28550H - 20500-26500G - 19500-25600F - 19000-24750E - 18500-23900D - 17500-22300C - 16000-20800B - Rs.13750-18700A - 12000-17500[Annual Increment (AI) 4% ofBP) | WorkmenVIII - 7400-14750 (AI 3% ofBP)VII - 6700-13700 (AI 3% ofBP)VI - 6300-13000 (AI 3% of BP)V - 5800-11800 (AI 3.5% ofBP)IV - 5400-10850 (AI 3.5% ofBP)III - 5000-9800 (AI 4% of BP)II - 4800-8900 (AI 4% of BP) |

ONGC | ExecutivesE9 - 23750-28550E7/E8 - 20500-26500E6 - 19500-25600E5 - 18500-23900E4 - 17500-22300E3 - 16000-20800E2 - 13750-18700E1 - 12000-17500E0 - 10750-16750S level employeesS I: 10220S II: 11400S III: 13070S IV: 15200 | WorkmenW I: 4300W II: 4500W III/ A-I: 4700W IV/ A-II: 5100W V/ A-III: 5800W VI/ A-IV: 6500W VII: 10220 |

Bharat PetroleumCorporation Limited | Management StaffI - 23750-28550H - 20500-26500G - 19500-25600F - 19000-24750E - 18500-23900D - 17500-22300C - 16000-20800B - 13750-18700A - 12000-17500(Annual Increment – 4% of theBasic Pay.Promotional Increment-6% ofBasic Pay.) | Non Management StaffThe scales are open endedand there is no maximum forany grade.Gr.XI: 6000-15000Gr.X: 5800-14300Gr.IX: 5600-13700Gr.VIII: 5400-13100Gr.VII: 5250-11600Gr.VI: 5100-11100Gr.V: 4950-10600Gr.IV: 4800-10100Gr.III: 4650-9600Gr.II: 4500-9300Gr.I: 4350-9000Annual Increment – 4% of theBasic Pay.Promotional Increment-5.5%of Basic Pay.) |

House Rent Allowance in Petroleum and Power sector PSUs

Name of PSU | Executives (Rs) | Workmen (Rs) |

Indian Oil Corporation | Company owned accommodation is provided wherevertownships are located. Type of quarter depends upon...