Indian state-owned steel making Company, Steel Authority of India Limited (SAIL) has rolled out a scheme to facilitate better work-life balance of its employees. Under this scheme, employees up-to E-7 (general manager) grade can opt from various shorter working hours options like three days a week, every alternate day, four hours every working day or half of the working days in a month with a variable pay structure.
The scheme, effective from November 1, 2020, is applicable for all regular employees up to mid-management level.
The employees who will avail this scheme, will be able to retain facilities and benefits including HRA/accommodation, medical benefits and other perks, as per the scheme, as it aims to facilitate employees for self-development, getting opportunities to enhance their knowledge and expertise, etc, while managing their working hours/time by making it flexible.
“SAIL has always been reckoned as a pro-employee organisation. The Company always adopts strategies and introduces schemes for better employee engagement and motivation. This new Scheme is a step towards this and it will give a larger canvas to several employees wanting to invest or devote time to other pursuits and responsibilities, while also being in employment,” says SAIL Chairman Anil Kumar Chaudhary.
Earlier this month, SAIL reported net profit of Rs 436.52 crore on a consolidated basis for the July-September quarter of the current fiscal as compared to the loss of Rs 285.92 crore in the quarter two of the last fiscal year.
Speaking on the growth, Anil Kumar, said – “The year began with unforeseeable challenges, which had engulfed the entire world. It was a time to foster synergy and channelize all our energy and determination to surmount the obstacles and prove our mettle. SAIL Collective did this and the Company registered profit in Q2 FY’21 by braving all odds and exhibiting substantial growth in the operational performance.”
–AK
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