Compensation Policy

OBJECTIVE:

To provide for a uniform, stable and reasonably competitive compensation structure for all
employees.

GRADES & DESIGNATIONS:

To rationalize the compensation policy, positions are classified into grades. The grades and
respective designations are as below:

GRADE DESIGNATION
Executives-1 M.D, President,V.P
Executives-2 Sr. Manager
Manager-1 Manager
Workmen-1 Operator
Workmen-2 Workers

Base salaries:
Base salaries are typically determined through competitive
“benchmarking” based primarily on general industry salary surveys and
supplemented by detailed analyses of selected industry or market peers.

HOUSE RENT ALLOWANCE

Management Staff not provided with any type of Company
Accommodation i.e either company owned or leased, will be paid House
Rent Allowance at 40% of Basic Salary.
CONVEYANCE ALLOWANCE
Management staff not provided with Company Car will be paid
conveyance allowance as follows:
Grades Allowance (Rs. per month)
M-1 800
E-2 1500
E-3 2000

EDUCATION ALLOWANCE
Management Staff will be entitled to Education Allowance as follows:
RS 200

MEDICAL ALLOWANCE
Management staff will be paid Medical allowance @ 8.33% of Basic
Salary per month.
LEAVE TRAVEL ASSISTANCE
The LTA will be paid at the rate of one month’s Basic salary per year
or as per decided by company.

TELEPHONE ALLOWANCE

Telephone Allowance will be paid as under:

Grades Allowance (Rs. per month)
M-1 500
E-2 800
E-1 1000

PETROL ALLOWANCE
Petrol Allowance will be paid as under:
Grades Allowance (Rs. per month)
M-1 1000
E-2 1500
E-1 2000

Pay structure for Operators:

Wage period: Monthly or weekly