Performance Related Pay in Central Public Sector Enterprises in India
Published: 2013
Author(s) Name: Punam Singh, R. K. Mishra |
Author(s) Affiliation: Institute of Public Enterprise, Hyderabad, Andhra Pradesh, India.
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Abstract
The latest second pay revision
for central public sector enterprises
(CPSE), accepted in 2008
in India, calls for implementation
of the concept of performance
related pay (PRP) based on a
transparent and robust performance
management system
(PMS) for executives. This paper
studies the implementation of
performance related pay in
CPSEs and the perception of
employees towards performance
related pay. The paper is based
on both primary data collected
through questionnaire and also
on secondary data. The paper
highlights the pre-requisite of
PRP implementation in CPSEs in
India, the need for a transparent
and robust PMS and the various
challenges in the implementation
process.
Keywords: N.A.
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