Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Railway employees to get production- linked bonus
    News

    Railway employees to get production- linked bonus

    HRK News BureauBy HRK News BureauOctober 8, 2015Updated:September 19, 20182 Mins Read1269 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    This PLB will be equivalent to 78 days’ wages for the financial year 2014–2015, which  has been estimated at Rs. 1030.02 crore

    Employees of the Indian Railways will, therefore, now get performance- linked bonus. This was approved by union cabinet this week.

    The scheme will cover all non-gazetted railway employees excluding RPF/RPSF personnel, who are spread across the country. Around 12.58 lakh non-gazetted employees of the Indian Railways are likely to benefit from this programme.

    The bonus will be equivalent to 78 days’ wages for the financial year 2014–2015. The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs. 1030.02 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is 3500/- p.m. The maximum amount payable per eligible railway employee is Rs. 8975 for 78 days.

    This year also PLB will be paid considering the good financial performance which is expected to motivate employees for working towards improving the same in future.

    The output for a year is reckoned by the equated net tonne kilometres by adding together total goods revenue net tonne kilometres, non-suburban passenger kilometres converted by a factor of 0.076. and suburban passenger kilometres converted by a factor of 0.053.

    The input is taken as the non-gazetted staff strength (excluding RPF/RPSF personnel), increased by the incremental increase/decrease in capital (over average of last three years) during the year.

    Incremental capital is confined to Rolling Stock utilised for movement of trains. The relative weights given are 0.50 for Tractive Effort, 0.20 for Wagon Capacity and 0.30 for Seating Capacity.

    The labour input i.e. non-gazetted staff strength is then increased to the extent of the percentage increase in the incremental capital.

    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    14 + 4 =

    Related Posts

    Intel overhauls marketing operations with AI and Accenture partnership

    June 23, 2025

    Maharashtra digitises HR management; rolls out Maha-AASTHA platform   

    June 23, 2025

    Cognizant to invest Rs 1,582 crore in AP; create 8,000 jobs

    June 23, 2025

    1,400 job cuts at Voice of America

    June 23, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How corporate culture change dies a thousand small deaths

    June 23, 2025

    The Great Displacement: How automation is reshaping India’s workforce

    June 20, 2025

    How corporate prejudices are strangling innovation in the workplace

    June 19, 2025

    Psychological safety: the new superpower in winning the talent war

    June 18, 2025
    Latest Post

    Intel overhauls marketing operations with AI and Accenture partnership

    News June 23, 2025

    Intel is gearing for major structural changes to its marketing division by outsourcing a significant…

    Maharashtra digitises HR management; rolls out Maha-AASTHA platform   

    News June 23, 2025

    The Maharashtra government has launched Maha AASTHA, a comprehensive digital platform intended to transform human…

    How corporate culture change dies a thousand small deaths

    Exclusive Features June 23, 2025

    In boardrooms across Britain, a familiar ritual unfolds. Leadership unveils a grand transformation plan—agility, innovation,…

    Cognizant to invest Rs 1,582 crore in AP; create 8,000 jobs

    News June 23, 2025

    Visakhapatnam will see 8,000 jobs being created at a soon-to-be established information technology (IT) campus.…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.