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Performance Related Pay (PRP): Examples for calculating Kitty factor

Pay Revision of Board level and below Board level Executives and Non-Unionised Supervisors of Central Public Sector Enterprises (CPSES) w.e.f. 01.01.2017 –  Examples on Payment of PRP No.W-02/0004/2018-DPE (WC)-GL-X/20 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan, Block No.14, CGO Complex, Lodhi Road, New Delhi-110003. Dated, … Read more

3rd Pay Revision for CPSE : Performance Related Pay (PRP)

3rd Pay Revision for CPSE : Performance Related Pay (PRP) Performance Related Pay (PRP) :- The admissibility, quantum and procedure for determination of PRP has been given in Annexure- IV. The PRP model will be effective from FY 2017-18 and onwards. For the FY 2017-18, the incremental profit will be based on previous FY 2016-17. The … Read more