Read the first part of the article for continuity.
In our last article we saw the pay structure of private sector and the R& D institution of the Govt.
If you see in the pay slip of the employee of the company, there is a component of LTA(Leave travel allowance) for supporting the employee when they go on vacation as part of welfare measure . The allowable amount is divided in to monthly allowance and shown as a salary component. This system is also applicable in R& D institution also but they do not include as part of salary package and the amount is reimbursed to the employee on completion of vacation.
Similary take the case of medical allowance, medical insurance premium paid for the employee as health benefit is included in the pay roll to boost the pay . These R & D Institution also has got the heath centre/ dispensary facility with the doctors on their roll are available within the campuses for treatment. Further the patients are referred to hospitals and the expenditure is reimbursed or sometimes directly paid by these institution on behalf the employee. This expenses also not shown in the salary slips.
The companies include everything spent on employee whether canteen, medical etc and they monitise it and show as CTC. But the Govt insitution show only what they are paying , and other benefits does not get noticed.
If you see the typical recruitment advertisement for the post of for Engineer/Scientist it shows as scale of pay 8000-275-13500 and the note following the advertisement says in addtion you will be eligible for dearness pay, dearness allowance, CCA, House rent allowance etc. , medical facilites for self and family and so on .
Further these institution has causal leave, earned leave, half pay leave etc(these leaves are paid leave) which is not easily available in the private sector.
Then where is the problem. We must look in to the behavioural aspect of human being to look in to the problem.
We will discuss
Please post your comments to discuss and discover.
Thursday, September 20, 2007
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