News: Coal India workers to finally get performance related pay

Compensation & Benefits

Coal India workers to finally get performance related pay

The Union Government has finally made a move to remove anomalies in salaries and wages of nearly 19,000 officers of Coal India Ltd. Agreed in a 2007 wage pact, the payment could not be released by CIL due to fallacies in the Government guidelines. On Friday, the Coal ministry placed a formal proposal before the Cabinet Secretariat to seek the Government’s nod for release of performance-related-pay (PRP). The proposal may be cleared by the Cabinet Committee of Economic Affairs this month, subject to approval of the Election Commission.

The Union Government has finally made a move to remove anomalies in salaries and wages of nearly 19,000 officers of Coal India Ltd. Agreed in a 2007 wage pact, the payment could not be released by CIL due to fallacies in the Government guidelines. On Friday, the Coal ministry placed a formal proposal before the Cabinet Secretariat to seek the Government’s nod for release of performance-related-pay (PRP). The proposal may be cleared by the Cabinet Committee of Economic Affairs this month, subject to approval of the Election Commission.

Read the Hindu Business Line news report here.

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Topics: Compensation & Benefits, #National, #TotalRewards, #Current

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