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An Analysis of Remuneration, Employment & VRS at Executive level in CPSEs

Sunny, Kumar Singh (2009): An Analysis of Remuneration, Employment & VRS at Executive level in CPSEs.

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This project attempts to discuss the remuneration,employment and VRS in the CPSEs especially at the executive level. This has been discussed in details in different chapters. In the first chapter, the theoretical aspect of the CPSE & their employment, remuneration and VRS policy have been discussed. In the second chapter, the remuneration policies for executives of the CPSEs have been discussed.For this, the recommendations of the first and second Pay Revision Committee (basis of determining remuneration for executives of the CPSEs) have been discussed along with some suggestions for a better implementation. In the third chapter, the employment trend including recruitment and retirement trend of the executive have been analyzed both aggregate and sector wise. During the analysis, some observations were made which have been discussed. In the fourth chapter, an analysis has been done regarding VRS in the CPSEs at the executive level. By using regression line, a relationship between the surplus manpower and VRS have been found which have been also discussed in detail. In the fifth chapter, the relationship between the remuneration policy of the CPSEs & the employment and VRS trend have been analyzed by dividing the CPSEs into Navratnas and Miniratnas & Non-Navratnas and Non-Miniratnas. In the sixth chapter, the future impact of the implementation of 2007 pay revision on the employment of the executives has been discussed especially in the context of the recent slowdown. Finally the conclusion of the whole analysis has been summarized upon in the last chapter.

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