{"id":379076,"date":"2020-10-17T12:44:54","date_gmt":"2020-10-17T07:14:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379076"},"modified":"2020-10-17T12:44:54","modified_gmt":"2020-10-17T07:14:54","slug":"performance-linked-reward-for-non-exec-employees-to-cost-cil-rs-1700-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/performance-linked-reward-for-non-exec-employees-to-cost-cil-rs-1700-crore\/","title":{"rendered":"Performance-linked reward for non-exec employees to cost CIL Rs 1,700 crore"},"content":{"rendered":"<p>PSU miner Coal India (CIL) has declared a performance- linked reward (PLR) of Rs 68,500 per employee to all non-executive staff members for FY20 on the basis of their attendance during the period. The payment would be made before October 22, a CIL statement said.<\/p>\n<p>The estimated outgo of the company will be a little over Rs 1,700 crore to pay the 2.62 lakh employees of CIL and its eight subsidiary companies. Despite the pandemic-triggered slowdown and crimp in coal sales, CIL offered a 5.87% rise over FY19\u2019s PLR of Rs. 64,700 per employee, an increase by Rs 3,800. The non-executive employees who have completed at least 30 working days during FY20 will be eligible for the payment on a pro-rata basis.<\/p>\n<p>An agreement was reached towards this decision at the 10th meeting of the standarisation committee of the joint bi-partite committee of coal industry (JBCCI-X) held in Ranchi on Thursday between CIL\u2019s management and representatives of the central trade unions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PSU miner Coal India (CIL) has declared a performance- linked reward (PLR) of Rs 68,500 per employee to all non-executive staff members for FY20 on the basis of their attendance during the period. The payment would be made before October 22, a CIL statement said. The estimated outgo of the company will be a little over Rs 1,700 crore to pay the 2.62 lakh employees of CIL and its eight subsidiary companies. Despite the pandemic-triggered slowdown and crimp in coal sales, CIL offered a 5.87% rise over FY19\u2019s PLR of Rs. 64,700 per employee, an increase by Rs 3,800. The [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-379076","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}