1 / 9

NPCIL Performance Linked Incentive Scheme

Read about the Performance Linked Incentive Scheme (PLIS) for executives at Nuclear Power Corporation of India Limited (NPCIL) as per the guidelines of the Atomic Energy Commission (AEC). The scheme aims to sustain employee motivation and aid personnel mobility within the company. The incentives and perquisites granted should be within 50% of the Basic Pay or a maximum of 5% of the distributable profits of the company. The scheme is applicable to executives of operating stations, construction projects, and headquarters.

paigeg
Download Presentation

NPCIL Performance Linked Incentive Scheme

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. NUCLEAR POWER CORPORATION OF INDIA LIMITED(A Government of India Enterprise)PERFORMANCE LINKED INCENTIVE SCHEME (PLIS) FOR EXECUTIVES

  2. Atomic Energy Commission (AEC) - Guidelines : • (Clause 3.4, Page-35 of AEC Guidelines) The Schemes will be formulated based on achievement of milestones/performance by the individual projects/stations or on a common basis based on the overall achievement of MOU targets/ profit generation, or as a combination of two, as may be considered necessary, keeping in view the broad objective of sustaining motivational levels of employees across the Company and/or to aid greater mobility of personnel within the Company across locations The performance linked incentives granted together with perquisites, if any, should be within 50% of Basic Pay or within a maximum of 5% of the distributable profits of the Company. However, the Board of Directors may change this ceilings based on needs and justifications, from time to time.

  3. NPCIL Performance Linked Incentive Scheme

  4. With regard to IPR Incentive, the incentive depends on residency period of an Executive in the current and promotion to the next grade.

  5. Financial Results:

  6. THANK YOU

  7. Governing Rules : • If an Executive after meeting prescribed norms is deferred / dropped in the Selection Interview, then two increments will be reduced from his entitlement as per the above table. • An Executive whose grading in the Performance Appraisal Report or CR is not less than `A3/Good’ will be eligible for a minimum incentive of 3% if his MEP is beyond MEP+3, irrespective of his promotion.

  8. PERFORMANCE LINKED INCENTIVE SCHEME IN NPCIL Introduction of Incentive Schemes in NPCIL : (a) Common Production Incentive Scheme for employees of Operating Stations; (b) Construction Incentive Scheme for employees of Construction Projects; and (c) Incentive Scheme for Headquarters employees.

  9. NPCIL PERFORMANCE LINKED INCENTIVE SCHEME • Objective : • To enhance organizational performance through • improved team work and individual contribution • thereby achieving higher levels of production • and productivity. • Applicability : • To NPCIL Executives of Operating Stations, • Construction Projects and Headquarters. • Validity : 01.01.2009 to 31.03.2015

More Related