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compensation package at ogdcl

compensation package at ogdcl

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Published by: PinkAlert on Oct 12, 2008
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07/21/2013

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OGDCL treats all its employees as a valuable asset. For attracting and retaining employees it provides a attractive compensation package. OGDCL believes that attractive compensation package leads to productivity and efficiency of organization.

LEAVES
Study Leave

1. An employee may be granted study leave by the managing director for the maximum period of two years during the entire service of the employee, provided that the employee has been in service of the company for a continuous period of 10 years.

2. Study leave may be granted for studies within Pakistan or abroad (outside Pakistan), provided that such studies may increase the usefulness of the employee to the company.

3. Study leave shall not be granted to employee who obtains scholarship without
involving the company.

4. The employee shall also need to furnish abond in prescribed form, for an amount as specified by the company, to the effect that he and his sureties shall be liable to pay the specified amount to the company if the employee violates any terms and conditions of the bond.

Casual Leave

An employee may be granted casual leave upto maximum of 20 days in a calendar year. However the casual leaves shall not be combined with any other leaves. The casual leave shall not be claimed as a matter of right. However, it shall be granted unless the presence of employee is absolutely necessary in an emergency or any extra ordinary circumstance.

Maternity Leave
Female employee may be granted maternity leaves, as prescribed by the laws of the
company.
Leave on average pay
The maximum period of leave on average pat that is granted to an employee at a time is:
Without medical certificate
120 days
With medical certificate
180 days
Iddat leave
A Muslim female employee, on death of her husband is granted Iddat leave on full pay
when applied for, not exceeding than 130 days.
MEDICAL FACILITY
All the regular employees and their families shall be entitled to medical facilities.
Including
\u2022
Free of charge medical attendance and treatment
\u2022
Accommodation would be provided in approved hospitals
\u2022
Reimbursement of medical expenses in emergency cases
\u2022
Annual medical checkup of officers
\u2022
Medical facility after retirement.
\u2022
LIFE INSURANCE POLICY

Employees are a valuable asset for OGDCL. This is assured by providing them with life insurance policy to its high level management officers. The present life insurance system given by OGDCL t its officers are 48 basic salaries with a minimum sum assured of Rs. 0.50 million and a maximum of Rs. 1.5 million.

COST OF LIVING
House Rent
House rent is also given to employees, and is allotted to them in their salary. It varies
according to the designation of employee.
TRANSPORTATION FACILITY
Advance for purchase of conveyance
The advance for purchase of the following conveyance may be sanctioned by the
company to its regular employees, subject to certain conditions
Type of conveyance
\u2022
Motor car
\u2022
Motor cycle
\u2022
Scooter
Conditions for advance
1. The advance will be granted to a regular employee having minimum of four(4)
years of service.

2. The regular employee granted advance for purchase of conveyance shall submit a declaration to the effect that he or any member of his family does not own a conveyance.

3. The employee granted advance for purchase of conveyance shall execute an
agreement.

4. The employee having less than six years of service shall furnish two sureties of the regular employee of the company, each surety committing to 50% of the amount of advance, incase of employee failure to repay.

5. The agreement, mortgage bond and the surety bonds referred to in these rules
shall be kept in safe custody of the sanction authority.

6. When the advance is fully repaid, the agreement, the mortgage bond or the surety bond, as the case may be, shall be returned to the employee concerned duly cancelled.

7. The conveyance shall be insured against loss, theft, fire, or accidents within one
month from the date of purchase.
\u2022
CAR POLICY
OGDCL provides car policy to its entitled officers. This policy also
differs depending on the status of the officers.

The HR department also allows its officers the choice of car from the makers and models available in the market. However the officer can request the car of choice within his entitlement only. The prices of following makes/models of vehicles are taken as baseline price for selection of car:

CATEGORY OF OFFICERS
ENTITLEMENT OF CAR
M.D
HONDA Civic VTI (Prosmatic)1600
CC
E.D/GM
HONDA Civic EXI (Prosmatic)1500
CC
Manager
COROLLA GLI 1300 CC
Dy.Manager/Chief
CULTUS VXR 1000 CC
\u2022
Traveling allowance for family of employee on Transfer

1. The family of an employee may, in the consequences of his transfer precede him by one month or follow him within six months to his new headquarter to which traveling allowance is admissible for the family.

2. The limit of joining the family of an employee within one month or six months
may be relaxed by the competent authority.

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