Thursday, January 20, 2011

PERFORMANCE RELATED INCENTIVE IN LIEW OF BONUS---NEWS

In line with recommendation of Sixth Pay Commission for granting of Performance Related Incentive Scheme (PRIS) to the employees of Department of Atomic Energy, Government has issued Office memorandum dated 5.05.09, for implementing PRIS.
The official release says keeping in view the need to reward the performance of the organisation and personnel in realising its objectives, PRIS is being introduced to the employees of Department of Atomic Energy.
Performance Related Incentive (PRI) is a variable component of the pay, which is awarded after the performance of individual / group / organisation measured against goals set for given period of assessment.

PRIS comprises of following components:

Organisational Incentive:
Organisational Incentive is to be awarded to all personnel of DAE, payable on monthly basis with effect from September 2008, based on achievement of set mission goals and review of overall performance of the organisation once in five years by the atomic energy commission.
For the period five years starting from September 2008, this Organisational incentive has been fixed at 20% of basic pay (pay in the pay band plus grade pay) as per another Office memorandum No: 1/1(5)/2008-SCS/285 dated 5.5.09 issued in this regard.

Group Incentive:
Group incentive is to be awarded to specific groups on an annual basis based on their achieving set targets in the high end R&D areas or innovative technologies or programmatic goals in a particular year.

Individual Incentive:
Grant of variable additional increments to deserving scientific and technical personnel at the time of promotion in recognition of individual meritorious performance with effect from 1st Jan 2009. Individual achievements will be considered and assessed by Departmental Promotional Committees (DPC) at the time of review for merit promotion.

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