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#2
9th August 2016, 05:33 PM
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| Re: ONGC White Goods Scheme
The ONGC is the largest government-owned oil company by market share, has a major initiative to retain employees, the company is offered a bouquet of perks and facilities to its 30,000-odd employees. The bonanza ranges from soft loans for white goods and cars to education loans and laptops. The new package, which was approved by the company board, comes at a time when all employees of government-owned companies are set to see hefty increases in their pay packets, thanks to the latest pay revision. Detail of ONGC White Goods Scheme       The topmost brass would almost an 80-100% jump in their salaries, an ONGC official. This comes at a time when most private sector companies are being forced to lay off staff or cut salaries to reduce expenses. The package is aimed at retaining talent as the private oil majors are on a poaching spree. The largesse includes car advances up to Rs 8 lakh, education loans up to Rs 15 lakh at 4% interest to wards of employees and, Rs 4 lakh for white goods and furniture. All company officers (over 23,000) laptops Revenue: 1.394 trillion INR Owner: Government of India Net income: 143 billion INR Total equity: 42.78 billion INR |