EIL addresses attrition issue, bats for A+ status on par with oil PSUs

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Mumbai, Aug 1: Engineers India Limited (EIL), a public sector undertaking (PSU) under the petroleum ministry, has called for granting of ‘A+’ category to have it maintain salary parity with oil PSUs, as EIL was recently in a disadvantageous position compared to other schedule PSUs, in the recommendations of the 2nd Pay Revision Committee (PRC). EIL has communicated to the ministry that EIL is presently a Schedule ‘A’ company and is at par in pay scales, perquisites and status with other PSUs, which are now being proposed to be re-categorised as A+ companies. The proposed reclassification and rescheduling of EIL as Category ‘A’ company, instead of A+, and fixation of significantly lower scales accordingly, will result in frustration and de-motivation of the executives at all levels.

Sources told FE that EIL has argued that the down-grading of the status will also adversely affect the career progression of the executives due to restriction of movement into A+ category companies at senior levels. Similarly, it will not be a motivating factor, for senior officers of the reclassified A+ company to join in the senior managerial positions in EIL due to lower compensation package and lower public sector enterprise (PSE) status. The proposed reclassification of pay fixation will result in fixation of salary of around 93% of its middle level employees at the top of the respective scales as on January 1, itself, leading to wage freeze and resultant de-motivation.

EIL, which provides a comprehensive range of project engineering services spanning from project feasibility, process design, detailed engineering, procurement, construction and project management through supervisory assistance for commissioning and plant start-up, has emphasised the need for grant of A+ category as it is required to have on its rolls, highly motivated and talented teams of officials, who can meet the global demand for providing consultancy services to the organisations within India and abroad.