Vol – II / CHAPTER-VI
10
PERFORMANCE INCENTIVE SCHEME FOR NON-EXECUTIVES
Authority
PC No.09/2002
Dt.08-02-2002
(Annexure –I)
1
The Performance Incentive Scheme applicable to the
Employees in the Non-Executive Cadre of the Company
is as under :
PURPOSE:
1.1 The purpose of the Performance Incentive Scheme is to motivate
employees to achieve higher levels of production and to increase
productivity by sharing the results of productivity gains.
2
TYPE OF INCENTIVE SCHEME
2.1 The incentive scheme is basically a group incentive schemes. However,
depending on the exigencies of work, group and/or individual incentive
scheme will be made applicable.
2.2 The incentive scheme is broadly classified as :
2.2.1 Production Incentive Scheme, based on production output in standard
man hours.
2.2.2 Target Incentive Scheme, based on saleable products.
3
COVERAGE OF THE SCHEME
3.1 All employees of the company in the Wage Groups 1 to 10 are covered
under the Production Incentive Scheme and Target Incentive Scheme.
3.2
Employees on consolidated salary, deputationists, apprentices,
trainees, contract personnel and casual employees are not covered under the
schemes.
4
4.1
CLASSIFICATION OF EMPLOYEES :
All employees mentioned in Para 3.1 above are classified as Direct,
Semidirect ‘A’, Semidirect ‘B’ and Indirect categories as mentioned
below:
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4.2
11
DIRECT EMPLOYEE
A Direct employee is an employee who is engaged in the manufacture of
saleable product, components/assemblies and tools.
4.3
SEMI-DIRECT `A':
A Semidirect `A' is an employee who is engaged in inspection of
products/ items or maintenance functions of plant, machinery and equipment
and belongs to quality control, and plant engineering departments
respectively, thus assisting direct employee, but excludes unskilled and
clerical categories of employees.
4.4
SEMI- DIRECT 'B' :
A Semi- direct 'B' is an employee who belongs to a department
which extends technical support and who is engaged to assist the direct
employee and includes helpers who assist the Direct, Semidirect 'A' and
Semidirect 'B' employees.
4.5
INDIRECT EMPLOYEE:
Indirect Employees include all the employees in the Wage Groups 1 to
10, except the employees mentioned in 4.2, 4.3 and 4.4 above.
5
INCENTIVE PERIOD
5.1
Every calendar month will be an incentive
incentive and honorarium payment.
6
period for production
METHODOLOGY FOR CALCULATION OF PRODUCTION
INCENTIVE PAYMENT
6.1 Production incentive payment is linked to specified levels of Productivity
Index (PI) achieved by cost centres covered under production groups, viz.
component production, tool room and assembly of production divisions such
as Bhanur Group, Electronics Division, Engg.Centre, Milan, Prithvi, Trishul
Divisions etc.,
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6.2
12
CALCULATION OF PRODUCTIVITY INDEX (PI)
The Productivity Index (PI ) is calculated as below:
Total SMH out put for accepted quantity of individual
or groups of direct employees as applicable for the
incentive period
100-R
PI(%) = ------------------------------------------------------------------X----------- X 100
Total Normal Attended Hours(NAH) of individual or
100
groups of direct employees as applicable + comp. off
hours of individual/groups of direct employees as
applicable for the same period
Where,
Total SMH upto and the stage of rejection for
rejected components/assembly of the group for
incentive period.
R(%)= ----------------------------------------------------------------- X 100
Total SMH produced including rejection SMH by
the group for the same incentive period.
6.2.1 Normal Attended Hours mean the actually clocked attended hours of
direct employees used for the purpose of wage bills and attendance excludes
leave, compensatory off and training hours.
6.2.2
Compensatory off hours mean the extra hours worked without
payment but availing compensatory off not in the same month.
(i.e. the day(s) off as compensation for working extra hours beyond shift or on
holidays without payment)
6.3
The Productivity Index is calculated as above for individual/group as
applicable once in every incentive month for every cost center to cover direct
employees.
6.3.1 PI of Semidirect 'A', Semidirect 'B' and Indirect employees of production
divisions will be calculated as weighted average PI of Direct employees of
related cost centres.
6.3.2 Similarly PI of Semidirect 'B' and Indirect employee of non production
divisions, eg., Corporate and Common Services will be calculated as weighted
average PI of Direct employees of related production divisions.
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13
6.4
The Productivity Index is calculated according to the methodology
indicated in paras- 6.2 to 6.3.2 and corresponding incentive payments are
arrived at for Direct, Semidirect 'A', Semidirect 'B' and Indirect employees
using the Table-I,Table-II,Table-III and Table-IV respectively as given in
para- 6.6.
6.5
The gross incentive amount payable is arrived at by multiplying the
incentive amount from the Tables I, II, III and IV with a factor of 188.89/192.
This factor caters for reduction in the working hours due to revision of the shift
timings .The incentive amount payable to an individual employee will be
product of gross incentive amount and attendance factor. Attendance Factor of
an individual employee is:
Normal Attended Hours (NAH) in the incentive month
Attendance factor = ----------------------------------------------------------------Available Hours in the incentive month
6.6
PRODUCTION INCENTIVE PAYMENT PER POINT OF PI
TABLE – I
DIRECT EMPLOYEES
Rate per
PI(%)
Upto 50%
51 to 60%
61 to 70%
71 to 80%
81 to 90%
91 to 100%
101 to 110%
111 to 120%
Point(Rs)
NIL
12.20
16.60
16.70
18.70
22.80
17.50
15.50
Gross Amount/head/
month at the last
point of the slab for
full attendance(Rs.)
NIL
122
288
455
642
870
1045
1200
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TABLE – II
SEMIDIRECT - A
Rate per
PI(%)
Upto 50%
51 to 60%
61 to 70%
71 to 80%
81 to 90%
91 to 100%
Point(Rs)
NIL
100 FIXED
13.40
13.40
13.40
13.40
Gross
Amount/head/
month at the
last point of the
slab
for
full
attendance(Rs.)
NIL
100 FIXED
234
368
502
636
TABLE – III
SEMIDIRECT - B
Rate per
PI(%)
up to 59%
At 60%
61 to 70%
71 to 80%
81 to 90%
91 to 100%
Point(Rs)
NIL
90 FIXED
10.90
10.90
11.00
11.00
Gross
Amount/head/
month at the last
point of the slab for
full attendance(Rs.)
NIL
90 FIXED
199
308
418
528
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15
TABLE – IV
INDIRECT
up to 59%
At 60%
61 to 70%
71 to 80%
81 to 90%
91 to 100%
NIL
70 FIXED
7.20
7.20
7.30
7.30
NIL
70 FIXED
142
214
287
360
Note: For employees of Assembly (on weekly basis), Gross amount per head
per week will be 1/4th of Gross amount per head per month as indicated in
the above tables.
6.7
HONORARIUM PAYMENT FOR EXTRA PI BEYOND 120%:
6.7.1 Due to any work exigencies, if an employee / group of employees
is/are required to exceed 120 PI in an incentive month, the Honorarium
payment from 121 PI and above would be made as below subject to all other
conditions governing the incentive scheme.
Rate in Rs. per PI /head/month for full attendance
Category
01-10-2001
to
30-09-2002
01-10-2002
to
30-09-2003
01-10-2003
to
30-09-2004
01-10-2004
to
31-03-2005
a) Direct
i) CP & ASSY
(Monthly)
44
46
48
50
ii) Assembly
(Weekly)
36
38
40
42
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16
Within working
hours
Sundays/Holidays
Hours
b) SemiDirect 'A'
90% of rate of direct
100% of rate of direct
c) Semidirect 'B'
85% of rate of direct
100% of rate of direct
Category
01-10-2001
to
30-09-2002
d) Helpers
28.5
under
Semidirect 'B'
on extra PI basis
01-10-2002
to
30-09-2003
01-10-2003
to
30-09-2004
30
31.5
01-10-2004
to
31-03-2005
33
e) Helpers under Semidirect 'B' who are paid honorarium as per actual
punch of extra stay, the rate per hour for those will be rate per PI (as
mentioned in 6.7.1 (d)) divided by 1.89.
6.7.2 Methodology of calculation of extra PI beyond 120% will be same as per
the existing practice.
6.7.2.1 For CP direct employee, if an individual employee exceeds 120 PI on
daily basis on weekdays; extra SMH beyond 120 PI will be converted into extra
PI by dividing extra SMH by 1.89. On Sundays and /Holiday, SMH output will
be converted into extra PI by dividing SMH by 1.89 without correlating 120 PI
during normal working hours. Individual amount will be calculated by
multiplying extra PI with the rate as indicated in 6.7.1 (a) (i).
6.7.2.2
For Assembly direct employee (Monthly basis), if a cost center
exceeds 120 PI in an incentive month taking total SMH output during normal
working hours, Sundays, Holidays and extra stay on weekdays, Extra PI
beyond 120% will be multiplied by the rate as indicated in 6.7.1 (a) (i) to get
individual amount.
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17
6.7.2.3 For Assembly direct employee (Weekly basis), if a cost center
exceeds 120 PI in a week, extra SMH beyond 120 PI will be converted into
extra PI by dividing extra SMH by 1.89. To get individual extra PI, total extra PI
will be divided by number of direct employee in the said cost center. Individual
amount will be calculated by multiplying individual extra PI with the rate as
indicated in 6.7.1 (a) (ii).
6.7.2.4 All Semidirect
'A'
employees (excluding IGQC, FQC, PED
(Preventive Maintenance) and RTH employees), PPC Shop Planners, IED
Booking Clerks, Tool Crib Operators, Storekeepers, Methods Planners, Tool
Planners and Helpers in Semidirect 'B' category are eligible for payment for
extra PI beyond 120 % as per the existing practice, i.e. on the basis of
weighted average of extra PI of respective direct cost centers wherever they
are attached. The amount of Semidirect 'A', Semidirect 'B' and Helpers in
Semidirect 'B' will be calculated by multiplying extra PI with the rate as
indicated in 6.7.1 (b), (c) and (d) respectively.
6.7.2.5 IGQC, FQC, PED (Preventive Maintenance), RTH employees will be
paid Honorarium of Rs 192/- per shift for full shift of 8 hours extra stay on
Sundays, Holidays and Extra Shift on weekdays. The amount will be paid
proportionately if extra stay is less than a shift. Helpers under Semidirect
'B' working in IGQC, FQC, PED (Preventive Maintenance), RTH will be paid
honorarium as stay back hours multiplied by hourly rate as indicated in
6.7.1 (e). Those helpers are not eligible for amount of extra PI beyond 120%.
6.7.3
Conveyance for Kanchanbagh employees only and Canteen
Reimbursement for Kanchanbagh and Bhanur employees on Sundays,
Holidays will be paid as below.
Period : 01-10-2001 to 31-03-2005
Rate (Rs per day)
a) Conveyance
b) Canteen
Rs 60/i) Rs 23/- on Sundays and Holidays
ii) For extra stay on working days(excluding III shift).
Canteen reimbursement will be as per the cost of
meals charged by the Canteen.
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Conveyance and Canteen amount will be paid to those employees who are
eligible for honorarium.
6.7.3.1 Conveyance allowance for III shift stay will be paid one way, i.e. half
of the rate as indicated in 6.7.3 (a)
6.7.3.2 Conveyance allowance will be paid when company transport is not
available (on Sunday, Holiday and III shift only).
6.7.3.3
Canteen subsidy will be paid for extra stay of 4.5 hours and
more.Employees will not be eligible for canteen subsidy for extra stay in III shift.
6.7.3.4 The employees working beyond the specified shift hours will record
the time of departure by swiping their Identity/Attendance Card at the Security
Control Gate/Outer Gate, as the case may be. On Sundays and Holidays,
they will record both the time of entry and the time of departure.
6.7.3.5 The other terms and conditions of payment will be as per the existing
practice.
7
TARGET INCENTIVE SCHEME
7.1
PURPOSE
7.1.1 The purpose of target incentive scheme is to motivate all employees to
achieve higher levels of production and productivity.
7.2
TYPE OF INCENTIVE SCHEME:
7.2.1 Target incentive scheme is applicable division wise and is based on
saleable products and is applicable only after achieving 60% target index and
upto a maximum of 100% T I.
7.3 COVERAGE
7.3.1 The scheme covers all employees in Wage Groups 1 to 10.
7.3.2 This scheme does not cover Apprentices, trainees, contract labourers,
deputationists, employees on consolidated salary and casual employees.
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7.4 PERIOD
7.4.1 Every quarter comprises 3 calendar months commencing from April will
be an incentive quarter.
7.5 METHODOLOGY FOR CALCULATION OF TARGET INCENTIVE
SCHEME:
7.5.1. The incentive payment will be made after achieving the targets and is
computed as below upto a maximum of 100%.
The target index will be calculated division wise as follows and is
expressed as percentage.
Total SMH output of the finished products accepted
by the user in an incentive quarter
TI(%) = ------------------------------------------------------------------------ x 100
Normal Attended Hours (NAH) of the direct employees
(excluding tool room) + Compensatory off hours
during the same incentive Quarter
7.5.2 TARGET INCENTIVE TABLE:
Target Index (%)
Upto 59%
At 60%
61 to 70%
71 to 100%
Rate per
Point per
Month(Rs)
NIL
53.50 (Fixed)
4.00
4.05
Gross Amt per head per month
for full attendance at the last
point of slab (Rs)
NIL
53.50 (Fixed)
93.50
215.00
7.5.3 The Target Index(TI) for non-production divisions, e.g. Common
Services, Corporate Office will be calculated as total saleable SMH output of
related production divisions
divided
by total
NAH of direct
employees(excluding Tool Room) of the same production divisions for an
incentive quarter.
7.5.4 The gross incentive amount at any specified level of target index is
obtained by multiplying the incentive amount from the above table with a factor
of 188.89 /192 to cater for reduction in the working hours due to revision in the
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20
shift timings.
7.5.5
The net incentive amount payable to an individual employee is
obtained by multiplying the gross incentive amount with attendance factor of
an individual employee.
Attendance
Factor
Normal Attended Hours (NAH) in the incentive quarter
= ----------------------------------------------------------------------Available hours in the incentive quarter
8 GENERAL CONDITIONS GOVERNING THE INCENTIVE
SCHEME
8.1 OBJECTIVE
The primary objective of incentive scheme is to encourage team spirit
and commitment on the part of employees towards higher production and
excellence in manufacturing.
8.2 TIME STANDARDS:
8.2.1 Existing set up and operation times rationalised earlier for the present
definitions of the process will continue.
Note: In case of IFDs, SMH for each item will be the same as established in
the indenting division.
8.2.2
Management has the right to change the time standards within one
year from the date of introduction of the incentive scheme in any shop. In case
of new jobs the standards can be changed within one year of introduction of
the incentive scheme in any shop/or the introduction of new jobs/processes.
There after the standards are subject to change, if methods, tools and working
conditions etc. are changed.
8.2.3
Management reserves the rights to review the time standard whenever
it is found that the elements of process/times established by methods/IED
have been deviated by operator/group of operators without the approval of
IED.
8.2.4
The quantity accepted by QCD upto the last working day of every
incentive month will be taken into consideration for calculating the output in
Standard Man Hours (SMH) as indicated on work order documents for the
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purpose of calculating productivity index.
8.2.5
In case of rejection of semi-finished products, assemblies, the repairs
of products will be done by the concerned employee(s) and weightage for
further work will not be given unless and otherwise the rejected items/subassemblies are rectified.
8.3 RIGHT AND ENTITLEMENT:
8.3.1 If for any reasons, load on any shop or for group or individual employee
does not warrant the operation of incentive scheme, management in
consultation with BDEA (now, to be read as “recognized Union”) have the
right to withdraw the scheme(s) for such period for such group/shop/individual
as may be necessary. In addition, employees covered under these schemes
are not entitled to claim compensation for shortfall in the monthly/quarterly
incentive earnings due to reasons such as want of material, components,
power cut, breakdown of machinery and equipment or want of orders etc.
8.3.2 The placement/allocation of employees to various jobs will be strictly
governed by exigencies of work and load and strictly under the discretion of
management including transfers in between different cost centers.
8.3.3 Incentive payments will not count as pay or allowance for any
purpose.
8.3.4 The management have the right to decide output level and shall
further have the right to alter such levels or introduce new or modified
products.
8.3.5 The SMH output for re-work arising out of external constraints shall be
credited to the group/individual as applicable.
8.3.6 The departmental heads shall have the right to assess the work
expected from an employee and in case the expected output has not been
turned out by the employee, he may assign a rating factor ranging from 0 to 1
to any employee. The factor when assigned by the departmental head shall be
used for calculating the net incentive amount payable to the individual
employee.
8.3.7 The factor of 188.89/192 will be revised if present shift timings are
changed in future.
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8.4
22
ERROR AND DISQUALIFICATIONS
8.4.1 In case there are any arithmatical, clerical or typographical errors,
they will be corrected by the management.
8.4.2 An employee shall be disqualified for receiving incentive payments, if he
is dismissed, discharged or terminated from the services for any reason.
8.4.3 In case of any discrepancies arising out of errors/omissions/commissions in incentive payments, the request for redressal from employees will
be considered upto one quarter from the date of concerned incentive
payment. The management also reserves the right to recover any excess
payments made any time during the same or subsequent quarters from the
salary of the concerned employees.
8.4.4 An employee who is placed under suspension will not be eligible for
incentive payment even if he is subsequentely exonarated with back wages.
8.5
CLASSIFICATION AND PROCEDURE:
8.5.1 The classification of Direct, Semidirect 'A', Semidirect 'B' and Indirect
employees is at the discretion of divisional heads / directors.
8.5.2 The methodology of calculation of incentive will be same as per the
existing practice.
8.5.3 The employees will follow the normal grievance procedure regarding the
operation of the scheme.
9 BATCH QUANTITY
9.1
The batch quantities for work order would be modified as per the
following table:
S.No
1.
2.
3.
4.
5.
6.
.
Project
Milan
Konkurs
Trishul
Prithvi
Pistol
Rifle
Batch quantity
175 Sets
175 Sets
40 Sets
20 Sets
1750 Sets
875 Sets
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9.2 In respect of future projects/ products, the batch quantity would be the
monthly rate of production for mass production project/products and half
yearly rate of production for batch production projects /products.
10 PERIOD OF VALIDITY
10.1
The Production Incentive, Honorarium and Target Incentive Scheme is
valid from 01-10-2001 to 31-03-2005.
10.2
EXAMPLES OF HONORARIUM PAYMENT FOR EXTRA PI BEYOND
120%
CASE 1 : CP DIRECT EMPLOYEE(INDIVIDUAL ON DAILY BASIS)
a) On Week day
Date: 05-11-2001
Cost Center: Center Lathe Div:Milan
St.No. XXXX
SMH output : 17.6 hours
NAH : 8 hours
SMH output at 120 PI : 8 X 1.2 = 9.6 hours
Extra SMH Output beyond 120 PI : 17.6 - 9.6 = 8 hours
Extra PI : 8/1.89 = 4.23
Extra amount on 05-11-2001 : 4.23 X 44 = Rs 186.12
b) On Sunday/Holiday
St.No. XXXX Date : 04-11-2001 Sunday C/C : Center Lathe
SMH output
: 9.6 hours
Extra PI
: 9.6/1.89 = 5
Extra amount on 04-11-2001 : 5 X 44 = Rs 220/-
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Conveyance (to and fro)
: Rs 60/-
Canteen(Extra stay of 4.5 hours or more) : Rs 23/Total amount on 04-11-2001
: Rs (220 + 60 + 23) = Rs 303/-
CASE 2 : ASSEMBLY DIRECT EMPLOYEE (GROUP ON MONTHLY BASIS)
Month: Nov 2001
Cost center : M1M2 Div : Bhanur
No of Direct employee
:
8
SMH output
: 2268 hours
NAH
: 1512 hours
PI(%)
: 2268*100/1512 = 150
Extra PI beyond 120 %
: 150 -120 = 30
Extra amount per head for Nov 2001 : 30 X 44 = Rs 1320/-
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CASE 3 : ASSEMBLY DIRECT EMPLOYEE (GROUP ON WEEKLY BASIS)
Month: Nov2001
Week : I
Cost Center : Milan Main Assy
No of Direct employee
: 10
SMH output
: 827 hours
NAH
: 472 hours
SMH output at 120 PI
: 472 X 1.2 = 566 hours
Extra SMH output beyond 120 PI : 827 - 566 = 261
Extra PI of cost center Milan Main Assy : 261/1.89 = 138
Extra PI per head
: 138/10 = 13.8
Extra amount per head for week
: 13.8 X 36 = Rs 496.80/-
CASE 4 : SEMIDIRECT 'A' AND SEMIDIRECT 'B' EMPLOYEE
i) CP
SD 'A' and SD 'B' serving St.No. A,B,C,D
St.No Extra PI
A
4.23
B
5
C
3
D
4
Weighted average PI per head = (4.23+5+3+4)/4 = 4 (rounded off)
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Extra amount per head within working hours
SD 'A' : 4 X 0.9 X 44 = Rs 158.40
SD 'B' : 4 X 0.85 X 44 = Rs 149.60
Extra amount per head on Sunday/Holiday
SD 'A' and SD 'B' : 4 X 44 = Rs 176/ii) Assembly (monthly)
a) Attached to only one Cost center
SD 'A' and SD 'B' serving only cost center M1M2
Extra PI per head of Cost center M1M2 for Nov2001 : 30
(as illustrated in case 2)
Extra PI per head Of SD 'A' and SD 'B' will be same as Extra PI of direct
employee : 30
Extra amount per head
SD 'A' : 30 X 0.9 X 44 = Rs 1188/SD 'B': 30 X 0.85 X 44 = Rs 1122/b) Attached to two or more cost centers
Cost center
No of dir emp.
EXTRA PI
VCU
23
30
CONTAINER
20
40
IC
12
50
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Weighted Average PI :
27
[23 X 30] + [20 X 40] + [12 X 50]
------------------------------------- =2090/55 = 38
[ 23 + 20 + 12 ]
Extra amount per head
SD 'A' : 38 X 0.9 X 44 = Rs.1504.80
SD 'B' : 38 X 0.85 X 44 = Rs.1421.20
iii) Assembly (Weekly)
a) Attached to only one cost center
SD 'A' and SD 'B' serving only cost center: Milan main assy
Extra PI per head of cost center Milan Main Assy : 13.8 (as illustrated in case
3)
Extra PI per head Of SD 'A' and SD 'B' will be same as Extra PI of Direct
employee : 13.8
Extra amount per head
SD 'A' : 13.8 X 0.9 X 36 = Rs 447.12
SD 'B' : 13.8 X 0.85 X 36 = Rs 422.28
b) Attached to two or more costcenters
Division:Milan
Cost center
1) Junction unit
2) Fuse assy
3) Charged Diffuser
No of direct employee
6
3
3
Extra PI
15
20
10
Vol – II / CHAPTER-VI
Weighted average PI :
28
(6 X 15) + (3 X 20) + (3 X 10)
--------------------------------= 180/12 = 15
(6 + 3 + 3)
Extra amount per head
SD'A' = 15 X 0.9 X 36 = Rs.486/SD'B' = 15 X 0.85 X 36 = Rs.459/iv) Division (Monthly)
SD 'A' and SD 'B' employee serving all the cost centers
of CP and Assembly of a Production division
Deptt.
CP
ASSY
No of Direct Employee
Monthly extra PI
39
50
40
60
Weighted average PI of the division : (39 X 40) + (50 X 60)
------------------------ = 4560/89 = 51
(39 + 50)
Extra amount per head
SD 'A' : 51x0.9x44= Rs 2019.60
SD 'B' : 51x0.85x44=Rs 1907.40
Note: Extra amount per head of SD 'A' and SD 'B' employee (including SD ‘B’
helpers) within working hours will be moderated by Manpower Factor of
number of Direct employee exceeded 120 PI divided by Total no of SD 'A' and
SD 'B' employee (including SD ‘B’ helpers) eligible for payment of Extra PI
beyond 120% , when total number of eligible SD 'A' and SD 'B' employee
(including SD ‘B’ helpers) is more than the number of Direct employee
exceeded 120 PI. This manpower factor is applicable for case 4 (i) CP, (ii)
Assembly(monthly), (iii) Assembly(weekly) and (iv) Division (monthly).
-o0o-