The government is planning to make it mandatory for companies to put in place a mechanism to monitor performance of junior and mid-level employees of over 200 CPSEs to ensure that their salary hikes are strictly based on their performance.
In 2009-10 there were 249 CPSEs, out of which 217 were in operation. Barring casual workers the CPSEs employed 14.9 lakh people.
The Department of Public Enterprises is in the process of making it mandatory for Central Public Sector Enterprises (CPSEs) to have a proper Performance Management System (PMS) in place of distributing the performance-related pay to the non-unionised supervisors and lower executives.
"We have been pressing hard to make sure that every PSU (or CPSE) has a robust performance management system before the September 1, 2011," Secretary in the Department of Public Enterprises (DPE) Bhaskar Chatterjee told PTI.
He added, those who do not have a proper system in place, would be asked not to distribute any PRP to their staff.
At present, there is no systematic way to monitor the performance of these employees in PSUs.
"It was more in the bureaucratic nature of having impressionistic trait-based evaluation. There was really no real assessment of achievement against targets so on and so forth," Chatterjee said.
You’ve reached your limit of 5 free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app