1 / 19

3 RD ROUND DISCUSSIONS WITH UNIONS/ASSOCIATIONS OF GIPSA MEMBER COMPANIES ON 30.03.2009 AT

3 RD ROUND DISCUSSIONS WITH UNIONS/ASSOCIATIONS OF GIPSA MEMBER COMPANIES ON 30.03.2009 AT HYDERABAD. PRESENTATION MADE ON 28.11.2008. Sharing of Financials, Constraints & Projections. Inviting suggestions & comments for review & re-look.

zuri
Download Presentation

3 RD ROUND DISCUSSIONS WITH UNIONS/ASSOCIATIONS OF GIPSA MEMBER COMPANIES ON 30.03.2009 AT

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. 3RD ROUND DISCUSSIONS WITH UNIONS/ASSOCIATIONS OF GIPSA MEMBER COMPANIES ON 30.03.2009 AT HYDERABAD GIPSA

  2. PRESENTATION MADE ON 28.11.2008 • Sharing of Financials, Constraints & Projections. • Inviting suggestions & comments for review & re-look. • Call for evolving a Joint Agenda – Common Path. • Commendable response by the Unions. • Commitments of cooperation/support. GIPSA

  3. 2ND ROUND DISCUSSIONS FROM 3RD TO 6TH FEB., 2009 • First step taken by Management on common path • Submission of a draft Joint Agenda • Mixed response from Unions for walking along • Positive and constructive responses from the Unions taken note of • Review and re-look of projections GIPSA

  4. ISSUES FOR REVIEW/RE-LOOK • GDPI Growth Projection @ 5.68%? • ME Growth Projection @ 9.1%? • Factoring in of SVRS amortization amount in 2007-08 Wage Bill Base? • Factoring in of Rationalization of manpower? • Factoring in of Inv. Income from Policyholders Fund in Revenue A/c ? • Additional External opportunities • Impact of internal support/motivation GIPSA

  5. RESULT OF REVIEW / RE-LOOK • GDPI Growth to be projected @7% in place of 5.68% • ME Growth to be projected @5% in place of 9.1% • Base Wage Bill for 2007-08 to be discounted by Rs. 154 Crs.(SVRS Amort.) • Inv. Income from Policyholders Fund to be factored in Revenue A/C. • Impact of internal support/motivation kept in view. GIPSA

  6. REVISED GAP BETWEEN “HAVE” & “WANT TO HAVE” – 1 GIPSA

  7. REVISED GAP BETWEEN “HAVE” & “WANT TO HAVE” – 2 GIPSA

  8. REVISED GAP BETWEEN “HAVE” & “WANT TO HAVE” – 3 GIPSA

  9. REVISED GAP BETWEEN “HAVE” & “WANT TO HAVE” – 4 GIPSA

  10. Analysis of Revised Working Gap between “Have” and “want to Have” comes down as projected on 31.03.13 from 40C angle, - • For 5% Wage Revision, from Rs.7,300 crs. to NIL • For 10% Wage Revision, from Rs.8,400 crs. to Rs. 254 crs. • For 15% Wage Revision, from Rs. 9,500 crs. to Rs. 1,135 crs. • For 20% Wage Revision, from Rs. 10,600 crs. to Rs. 2,015 crs. GIPSA

  11. Further hurdles…… • Overall operational results still a matter of concern. • Inv. Income projections assuming greater uncertainty. • Business Procurement Cost continues to rise. • So does the Incurred claims amount. • Combined outgo continues to mount. • Leaving less and less for increased expenditure on other things including Wages. GIPSA

  12. Best possible projections of operational results, as on date GIPSA

  13. Then,what ?... • Faith and hope are substance of life • We have faith in you • We have hope in you • We know you will not let us down • We, too, will never let you down • With hope and faith in you, we propose the maximum possible Wage Revision for our people under the current constraints. GIPSA

  14. Wage Revision Proposal (Subject to Government’s approval) • Wage Bill as on 01.08.07 : Rs. 2,569 crs. (excluding SVRS Amort.) • Additional expenditure proposed on Wage Bill as on 01.08.07 : Rs. 308.28 crs. • Overall percentage rise : 12% • Average Per capita (p.c) rise p.a. : Rs.44,100/- • Average p.c rise as on 01.08.02 : Rs.32,477/- • Proposed rise higher than last rise by : 36% • The proposed rise is subject to the Organizational Agenda as floated on 03.02.09 GIPSA

  15. View of 40C - Projections post proposed Wage Rise GIPSA

  16. POSSIBLE PAY SCALES WITH 12% REVISION GIPSA

  17. POSSIBLE PAY SCALES WITH 12% REVISION GIPSA

  18. Allocation of proposed rise into various components of Wages • The overall Wage rise of 12% shall be distributed into various components of Wage (including Basic Pay Scales) once a broad understanding is reached on the overall proposal. • Response of the Unions/Associations is invited. GIPSA

  19. THANK YOU GIPSA

More Related