PSU’s may be allowed to retrench 10% of their workforce every year
26. Nov, 2010 
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Talk about job security at a PSU!!!
The Department of Public Enterprises (DPE) has favoured and the suggestions of a committee on Performance Management System. These are the recommnedations -
- Poor performers should be given only a single chance to improve
- Each entity should identify 10% of its Executives under poor and non-performing category
- Such identified poor performers not to be given Performance Related Pay (PRP) for the relevant period
- Adopting the Bell cure approach, not more than 10-15 % Executives to be graded as outstanding.
Well, have to wait and see what is it store. So if you thought PSU’s were a better bet in today’s volatile job market conditions, think thrice!!
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