A committee with representation from leading PSUs will prepare a road map for fast-track promotion of star performers, customised sabbatical for employees and summer internship.
How will employees have the urge to go that extra mile on their job, when they know that their efforts will not be rewarded? It has always been a de-motivator in the PSU sector, where promotions are always time bound and not performance based.
All that is now expected to change. PSUs will identify star performers and give them out-of-turn promotions. At the same time, there will also be a customised sabbatical policy for long-serving employees.
The Government has given a three-month time frame to PSUs to come up with a road map with measurable targets for strengthening state-owned companies and promoting development activities.
The PSUs will form a committee which will comprise human resources directors from top PSUs, such as BHEL, Oil India and NTPC, and will finalise recommendations in the next three months on fast-track promotion of star performers, customised sabbatical for employees and summer internship.
The recommendations related to review of HR policies of state-owned firms were deliberated at the Central Public Sector Enterprises (CPSEs) conclave held on April 9, which was chaired by Prime Minister Modi.
“As CPSEs operate in different ecosystems, the policy for each of the above three issues needs to be framed taking into account operational requirements prevalent in various CPSEs,” the Department of Public Enterprises said in an official memorandum.