Compensation Practices in DPDC
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Transcript of Compensation Practices in DPDC
Compensation Practices in DPDC
Group Name: Planet Of Management
Serial ID Name
1. 20152082 Shourav Sarkar
2. 20152143 Md. Navid Meher
3. 20152144 Anannya Mazumder
4. 20152152 Md. Rakibul Hassain
5. 20161090 Md. Iktiham Bin Taher (C)
Planet Of ManagementCourse Code: EHRM-521
Course Title: Compensation Management
Course Teacher: Abu Sayef Md. Muntaquimul Bari Chowdhuri
Jahangirnagar University
EMBA Program
Faculty Of Business Studies
Objectives
To accounted with the compensation policy
Of DPDC.
To take a simple look to their base pay.
To meet the terms of evaluation process for
promoting to next level.
To know the policy for accused Employees.
Company Profile
Contain Description
Type Public
Industry Electric Distribution
Founded Dhaka, Bangladesh (May 14. 2007)
Headquarter Dhaka, Bangladesh
Area Served Dhaka City Corporation,
Narayangonj Distinctly (Partly )
No. Of Employee 5734
Parent Bangladesh Ministry Of Power,
Energy and Mineral Resources
Website www.dpdc.org.bd
Vision
• Provide quality and reliable
electricity to the people of Dhaka
city and Narayangonj area for
desired economic, social and
human development of the
country.
Mission
• To deliver quality electricity with
service excellence.
• To make electricity available on
demand within the geographical
area of DPDC.
• To ensure customers’ satisfaction.
• To develop new mindset for all of
the employees fitting with
corporate culture.
• To reach self-sufficiency and
profitability by increasing income
and reducing expenditure.
Corporate Ethos
Commitment
• Quality power supply to all
customers'.
• Quickest response to
customers' need.
• Initiatives to match the
changing needs of the
customers.
• Digitalization of
Distribution System.
Core Objectives
• For the customers: Rendering
reliable and uninterrupted power
supply with customers care.
• For the owner and
shareholders: Financial
sustainability of the Company.
• For the society: Strengthening the
social values and undertake
corporate social responsibility.
• For the nation: Taking all out
effort to achieve national growth
and economic prosperity.
Corporate Motto
Dependable Power - Delighted
Customer
Corporate Ethos Contd….
Committee
Process Model
Office of the DGM, Employee Management ,(HR):
Creating a comprehensive database for all
employees of DPDC
Analyzing activities related to transfer/posting
Arranging compensation to employees having
additional responsibilities
Analyzing activities related to promotion of
employees
Organizing yearly increment for all employees
Organizing “CPF, gratuity and other benefits” for
employees.
Monitoring activities related to keeping records of
personal file and personal documents along with
Appraisal Performance Reports
Monitoring activities related to updating and
keeping seniority schedule of employees
Organizing Ex Bangladesh Leave for all employees of
DPDC.
Issuing different administrative orders, circulars etc
Organizing recruitment of new employees
Ensuring maintenance and or hiring of own vehicles
Making of all Payments including salaries through
bank of own office.
Ensuring transfer of CPF fund and IT/VAT.
Preparing budget of its own office.
Preparation of accounts of own office.
Reconciliation of establishment accounts.
Maintaining the records of all sorts of leave of own
office
Basic Pay
House Rent
Medical Allowance
Bonus
Entertainment Allowance
Electricity Rebate
Leave Encashment
Dearness Allowance
Conveyance Allowance
Deputation Allowance
Incentive Bonus
Education Allowance
Uniform & Liveries
Washing Allowance
Gratuity
Contribution to CPF
Welfare Allowance Pension Expense OF DESA
Contribution to CPF
Expatriate Allowance
Total Compensation
Financial Non-Financial
Salary Structure of DPDC , [Source: Engr. Md. Abdul Hye, AE (NWPGCL)]
Grade Designation Basic Salary
Previous Recent % Incr.
1 MD 100,000 175,000 75
2 ED 85,000 140,000 64.71
3 CE/GM 70,000 114,000 62.86
4 SE/DGM 60,000 98,000 63.33
5 XEN/M 45,000 79,000 75.56
6 SDE/DM 35,000 61,000 74.29
7 AE/AM 29,000 51,000 75.86
8 SAE/JAM 22,500 39,000 73.33
9 Staff Level- 01 18,500 32,000 72.97
10 Staff Level- 02 15,500 27,000 74.19
11 Staff Level- 03 14,400 25,000 73.61
12 Staff Level- 04 13,600 24,000 76.47
13 Staff Level- 05 13,000 23,000 76.92
14 Staff Level- 06 10,500 18,000 71.43
15 Staff Level- 07 9,600 17,000 77.08
16 Staff Level- 08 9,000 15,000 66.67
Employee Benefits
Contributory Provident Fund
Provident Fund isadministered by a TrusteeBoard and is funded bycontributions equally fromthe employees and theemployer @10% of basicsalary.
Gratuity
Employees are entitled to gratuity
benefit after completion of
minimum one year of continuous
service with the Company. The
gratuity is calculated on the last
basic pay and is payable at the rate
of two month's basic pay for every
completed year of service.
Beside thoseOthers Special Benefits (a) Special grant for treatment in case of accident while working;
(b) Liveries;
(c) Performance Bonus;
(d) Eight major disease have been brought under insurance coverage;
(e) Burn victim hospitalization cost coverage by insurance for 26(twenty six) week.
Issues Compensation Packages
Normal Death Base Salary X 50 amount (taka)
Accident Death Base Salary X 100 amount (taka)
Suicide Base Salary X 50 amount (taka)
Loss of both eye or Leg or Hand, or
one hand and one leg
Full Amount equal to main Bima
Loss of one eye or Leg or Hand Full Amount equal to main Bima
Major disease Benefits In first installment tk. 1 lac/year,
and In 2nd and 3rd installment tk.
3 lac. Bima Will be given.
Compensation Policy in unwanted Issues
Departmental enquiry & Disciplinary Actions
Group Insurance
Job Evaluation Point Table
Effect On Compensation For Proved Allegation
DPDC Come Up with Following Slogan
References
1. Dessler, G. (2012). Human Resource Management(13th ed.). Pearson.
2. Guirgis, H. E. (2007, February 8). Doc Slide.Retrieved December 10, 2016, from Doc SlideWebsite:http://docslide.us/business/compensation-and-benefit-chapter 1.html.
3. (n.d.). Retrieved December 10, 2016, from DhakaPower Distribution Company (DPDC) website:https://dpdc.org.bd/.
Thank You