Et news5
Upcoming SlideShare
Loading in...5
×
 

Et news5

on

  • 205 views

 

Statistics

Views

Total Views
205
Views on SlideShare
204
Embed Views
1

Actions

Likes
0
Downloads
1
Comments
0

1 Embed 1

http://nehasahimba.blogspot.com 1

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Et news5 Et news5 Presentation Transcript

  • NehaSahi
    • Government has directed Public Sector companies to take their employees’ union into confidence before initializing disinvestment process to avoid any delays.
    • Administrative ministries have to arrange for employee awareness programmes to spell out benefits of listing and enhance employee participation.
    • Coal India has already set the trend through special efforts to encourage employee participation on its upcoming public offer by
    • Facilitating opening of depository accounts
    • Getting permission to offer shares to those employed in its subsidiaries.
    • Employees unions in BSNL and NALCO had protested the government move to list these companies.
    • Centre will push for laws to bring more than 130 million contract labour in the country an o par with permanent employees in terms of
    • Wages
    • Benefits: provident fund, ESI, holidays, hours of work etc.
    • But not security of tenure.
    • The worker groups sought complete abolition of contract labour but employers did not want to give any privileges to them.
    • The proposed law will require employers to clearly indicate in the work contract:
    • Wages
    • Contributions towards social security schemes
    • Other benefits
    • Most states are in favour of improved terms for contarctlabour.
    • 23,000 staff introduced to provisions to
    • Terminate employment for non-performers.
    • Tie promotions to output.
    • Cash portion of emoluments would rise and stock options fall to avoid displeasure at the time of sinking markets and changing preference of younger staff.
    • Non-performers will first be given:
    • Coaching programme.
    • Change in job profile.
    • Bank plans to hire 1000 more staff.
    • Bank’s HR policies are changing after recommendations from:
    • Cerebrus Consultants.
    • Hewitt Associates.
  • Contd..
    • Promotions would also become tough in bank with three-year performance becoming the benchmark.
    • In promotions insiders would get preference over outsiders.