Compensation Package At Ogdcl
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OGDCL treats all its employees as a valuable asset. For attracting and retaining employees it provides a attractive compensation package. OGDCL believes that attractive compensation package leads to productivity and efficiency of organization. LEAVES Study Leave 1. An employee may be granted study leave by the managing director for the maximum period of two years during the entire service of the employee, provided that the employee has been in service of the company for a continuous period of 10 years. 2. Study leave may be granted for studies within Pakistan or abroad (outside Pakistan), provided that such studies may increase the usefulness of the employee to the company. 3. Study leave shall not be granted to employee who obtains scholarship without involving the company. 4. The employee shall also need to furnish a bond in prescribed form, for an amount as specified by the company, to the effect that he and his sureties shall be liable to pay the specified amount to the company if the employee violates any terms and conditions of the bond. Casual Leave An employee may be granted casual leave upto maximum of 20 days in a calendar year. However the casual leaves shall not be combined with any other leaves. The casual leave shall not be claimed as a matter of right. However, it shall be granted unless the presence of employee is absolutely necessary in an emergency or any extra ordinary circumstance. Maternity Leave Female employee may be granted maternity leaves, as prescribed by the laws of the company. Leave on average pay The maximum period of leave on average pat that is granted to an employee at a time is: Without medical certificate With medical certificate
120 days 180 days
Iddat leave A Muslim female employee, on death of her husband is granted Iddat leave on full pay when applied for, not exceeding than 130 days.
MEDICAL FACILITY All the regular employees and their families shall be entitled to medical facilities. Including • • • • •
Free of charge medical attendance and treatment Accommodation would be provided in approved hospitals Reimbursement of medical expenses in emergency cases Annual medical checkup of officers Medical facility after retirement. •
LIFE INSURANCE POLICY
Employees are a valuable asset for OGDCL. This is assured by providing them with life insurance policy to its high level management officers. The present life insurance system given by OGDCL t its officers are 48 basic salaries with a minimum sum assured of Rs. 0.50 million and a maximum of Rs. 1.5 million. COST OF LIVING House Rent House rent is also given to employees, and is allotted to them in their salary. It varies according to the designation of employee.
TRANSPORTATION FACILITY Advance for purchase of conveyance The advance for purchase of the following conveyance may be sanctioned by the company to its regular employees, subject to certain conditions Type of conveyance • • •
Motor car Motor cycle Scooter
Conditions for advance 1. The advance will be granted to a regular employee having minimum of four(4) years of service. 2. The regular employee granted advance for purchase of conveyance shall submit a declaration to the effect that he or any member of his family does not own a conveyance. 3. The employee granted advance for purchase of conveyance shall execute an agreement. 4. The employee having less than six years of service shall furnish two sureties of the regular employee of the company, each surety committing to 50% of the amount of advance, incase of employee failure to repay. 5. The agreement, mortgage bond and the surety bonds referred to in these rules shall be kept in safe custody of the sanction authority. 6. When the advance is fully repaid, the agreement, the mortgage bond or the surety bond, as the case may be, shall be returned to the employee concerned duly cancelled. 7. The conveyance shall be insured against loss, theft, fire, or accidents within one month from the date of purchase. • CAR POLICY OGDCL provides car policy to its entitled officers. This policy also differs depending on the status of the officers. The HR department also allows its officers the choice of car from the makers and models available in the market. However the officer can request the car of choice within his entitlement only. The prices of following makes/models of vehicles are taken as baseline price for selection of car: CATEGORY OF OFFICERS M.D E.D/GM Manager Dy.Manager/Chief •
ENTITLEMENT OF CAR HONDA Civic VTI (Prosmatic)1600 CC HONDA Civic EXI (Prosmatic)1500 CC COROLLA GLI 1300 CC CULTUS VXR 1000 CC
Traveling allowance for family of employee on Transfer
1. The family of an employee may, in the consequences of his transfer precede him by one month or follow him within six months to his new headquarter to which traveling allowance is admissible for the family. 2. The limit of joining the family of an employee within one month or six months may be relaxed by the competent authority.
ALLOWANCES OGDCL gives plenty of allowances to its officers as they believe that in order to increase performance they need to satisfy officer needs first. Some allowances are: 1. Messing Allowance: The messing allowance at the fields are Rs.225/- per day 2. Utility Allowance: The Utility Allowance is allowed at flat rate of 15% of basic pay.
•
3. Special Allowance: The following allowance and perquisites which are not being paid in Salary or are not based on percentage of basic salary are merged into one allowance called the “Special Allowance” a. Servant Allowance b. Driver Allowance c. Office Entertainment d. Newspaper and periodicals e. Petrol f. PhD Allowance g. Residential Allowance h. Briefcase Allowance i. Air conditioner/Refrigerator Allowance j. Shift Allowance k. Conveyance Allowance l. Computer Allowance T.A/ D.A FOR OFFICERS
The following are T.A/ D.A benefits and entitlements: 2. Entitlement a. EG-I to EG-VI by air in Economy Class b. EG-VII and above by Business Class c. Taxi Charges on actual OR Rs. 5.00 per Km on using own transport. 3. Daily allowance for Local Tour a. EG-I to EG-V ---b. EG-VI and above ----
Rs.550/Rs.1200/-
4. Daily Allowance on Foreign Tour This allowance includes all expenses that include boarding and Lodging etc. this kind of allowance includes: a. EG-I to EG-V ---US $ 350 per day b. EG-VI and above ---US $ 450 per day c. Plus official Telephone, Fax, Internet, Taxi etc.
PERFORMANCE RELATED CRITERIA FOR PAYMENT OF BONUS TO THE OFFICERS: In October 12, 2004 OGDCL came up with giving bonuses to its officers to get them motivated so to achieve productive performance from them. OGDCL gives bonuses to all its officers and executives (regular, contract, deputations etc) who have completed one year of services with the company. They are paid bonuses on the following basis:
BONUS: ACR RATING FOR THE YEAR Very Good Good Average Below Average
BONUS EQUIVALENT TO 3.75 times of monthly Basic pay 2.25 times of monthly Basic Pay 1.25 times of monthly Basic Pay Nil
INCENTIVES •
INCREMENT SYSTEM
“The additional increment equivalent to 10% of the basic pay is allowed on completion of 15, 25 years services, subject to officers having two or more Good or Very Good ACR’s out of three and other, and employee having weaker evaluation will be allowed increase of 5% of basic pay”. The officers are allowed an increment on ATAP’s rating as under:
RATE
ATAP RATING
12.5% 10.0% 5.0% 2.5% 0.0%
Max No of each Scale Very GOOD 10% GOOD 30% Above AVERAGE 40% AVERAGE 20% Below average/ Disciplinary Case
Officers
in
Conditions on which services shall count for increment In order to motivate employees, highlight the conditions on which employee would be incremented. •
All duty in a regular post, on time-scale and period of leave, other than extraordinary leave, shall count for increment.
Period of officiating on a higher post shall count for increment in the time-scale of the permanent post
Employee Queries, Comments & Suggestions Form Employee # Job Title Department
Employee Name Grade Location
DO YOU WANT TO KEEP THIS INFORMATION CONFIDENTIAL: RELATED TO: PERSONAL
YES DEPARTMENT
NO
HUMAN RESOURCE
Queries: (Includes complaints, issues, concerns, apprehensions regarding benefits provided.)
Comments & Remarks (Regarding above queries OR general not included above)
Suggestions (To improve efficiency, organization structures, processes, compensation etc.)
Date Employee Signature
For Human Resource Department: Executed by
Designation
Date
120 days 180 days
Iddat leave A Muslim female employee, on death of her husband is granted Iddat leave on full pay when applied for, not exceeding than 130 days.
MEDICAL FACILITY All the regular employees and their families shall be entitled to medical facilities. Including • • • • •
Free of charge medical attendance and treatment Accommodation would be provided in approved hospitals Reimbursement of medical expenses in emergency cases Annual medical checkup of officers Medical facility after retirement. •
LIFE INSURANCE POLICY
Employees are a valuable asset for OGDCL. This is assured by providing them with life insurance policy to its high level management officers. The present life insurance system given by OGDCL t its officers are 48 basic salaries with a minimum sum assured of Rs. 0.50 million and a maximum of Rs. 1.5 million. COST OF LIVING House Rent House rent is also given to employees, and is allotted to them in their salary. It varies according to the designation of employee.
TRANSPORTATION FACILITY Advance for purchase of conveyance The advance for purchase of the following conveyance may be sanctioned by the company to its regular employees, subject to certain conditions Type of conveyance • • •
Motor car Motor cycle Scooter
Conditions for advance 1. The advance will be granted to a regular employee having minimum of four(4) years of service. 2. The regular employee granted advance for purchase of conveyance shall submit a declaration to the effect that he or any member of his family does not own a conveyance. 3. The employee granted advance for purchase of conveyance shall execute an agreement. 4. The employee having less than six years of service shall furnish two sureties of the regular employee of the company, each surety committing to 50% of the amount of advance, incase of employee failure to repay. 5. The agreement, mortgage bond and the surety bonds referred to in these rules shall be kept in safe custody of the sanction authority. 6. When the advance is fully repaid, the agreement, the mortgage bond or the surety bond, as the case may be, shall be returned to the employee concerned duly cancelled. 7. The conveyance shall be insured against loss, theft, fire, or accidents within one month from the date of purchase. • CAR POLICY OGDCL provides car policy to its entitled officers. This policy also differs depending on the status of the officers. The HR department also allows its officers the choice of car from the makers and models available in the market. However the officer can request the car of choice within his entitlement only. The prices of following makes/models of vehicles are taken as baseline price for selection of car: CATEGORY OF OFFICERS M.D E.D/GM Manager Dy.Manager/Chief •
ENTITLEMENT OF CAR HONDA Civic VTI (Prosmatic)1600 CC HONDA Civic EXI (Prosmatic)1500 CC COROLLA GLI 1300 CC CULTUS VXR 1000 CC
Traveling allowance for family of employee on Transfer
1. The family of an employee may, in the consequences of his transfer precede him by one month or follow him within six months to his new headquarter to which traveling allowance is admissible for the family. 2. The limit of joining the family of an employee within one month or six months may be relaxed by the competent authority.
ALLOWANCES OGDCL gives plenty of allowances to its officers as they believe that in order to increase performance they need to satisfy officer needs first. Some allowances are: 1. Messing Allowance: The messing allowance at the fields are Rs.225/- per day 2. Utility Allowance: The Utility Allowance is allowed at flat rate of 15% of basic pay.
•
3. Special Allowance: The following allowance and perquisites which are not being paid in Salary or are not based on percentage of basic salary are merged into one allowance called the “Special Allowance” a. Servant Allowance b. Driver Allowance c. Office Entertainment d. Newspaper and periodicals e. Petrol f. PhD Allowance g. Residential Allowance h. Briefcase Allowance i. Air conditioner/Refrigerator Allowance j. Shift Allowance k. Conveyance Allowance l. Computer Allowance T.A/ D.A FOR OFFICERS
The following are T.A/ D.A benefits and entitlements: 2. Entitlement a. EG-I to EG-VI by air in Economy Class b. EG-VII and above by Business Class c. Taxi Charges on actual OR Rs. 5.00 per Km on using own transport. 3. Daily allowance for Local Tour a. EG-I to EG-V ---b. EG-VI and above ----
Rs.550/Rs.1200/-
4. Daily Allowance on Foreign Tour This allowance includes all expenses that include boarding and Lodging etc. this kind of allowance includes: a. EG-I to EG-V ---US $ 350 per day b. EG-VI and above ---US $ 450 per day c. Plus official Telephone, Fax, Internet, Taxi etc.
PERFORMANCE RELATED CRITERIA FOR PAYMENT OF BONUS TO THE OFFICERS: In October 12, 2004 OGDCL came up with giving bonuses to its officers to get them motivated so to achieve productive performance from them. OGDCL gives bonuses to all its officers and executives (regular, contract, deputations etc) who have completed one year of services with the company. They are paid bonuses on the following basis:
BONUS: ACR RATING FOR THE YEAR Very Good Good Average Below Average
BONUS EQUIVALENT TO 3.75 times of monthly Basic pay 2.25 times of monthly Basic Pay 1.25 times of monthly Basic Pay Nil
INCENTIVES •
INCREMENT SYSTEM
“The additional increment equivalent to 10% of the basic pay is allowed on completion of 15, 25 years services, subject to officers having two or more Good or Very Good ACR’s out of three and other, and employee having weaker evaluation will be allowed increase of 5% of basic pay”. The officers are allowed an increment on ATAP’s rating as under:
RATE
ATAP RATING
12.5% 10.0% 5.0% 2.5% 0.0%
Max No of each Scale Very GOOD 10% GOOD 30% Above AVERAGE 40% AVERAGE 20% Below average/ Disciplinary Case
Officers
in
Conditions on which services shall count for increment In order to motivate employees, highlight the conditions on which employee would be incremented. •
All duty in a regular post, on time-scale and period of leave, other than extraordinary leave, shall count for increment.
Period of officiating on a higher post shall count for increment in the time-scale of the permanent post
Employee Queries, Comments & Suggestions Form Employee # Job Title Department
Employee Name Grade Location
DO YOU WANT TO KEEP THIS INFORMATION CONFIDENTIAL: RELATED TO: PERSONAL
YES DEPARTMENT
NO
HUMAN RESOURCE
Queries: (Includes complaints, issues, concerns, apprehensions regarding benefits provided.)
Comments & Remarks (Regarding above queries OR general not included above)
Suggestions (To improve efficiency, organization structures, processes, compensation etc.)
Date Employee Signature
For Human Resource Department: Executed by
Designation
Date
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