In an effort to recognise the contribution and hard work of its non-executive workers across all subsidiaries, Coal India Limited (CIL) announced on Friday it will reward them with cash worth ₹1.03 lakh.
The performance-linked reward (PLR) to workers and their families ahead of the festive season will have a financial implication of ₹2,153.82 crore, but is slated to be a move that will provide a timely boost to employees for achieving specific, measurable goals.
"The incentive was announced after the 6th meeting of the standardisation committee of Joint Bipartite Committee for the coal industry," the coal ministry said in a statement.
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The PLR aims to recognise the contribution and hard work of non-executive workers across all Coal India Ltd (CIL) subsidiaries and state-owned coal mining firm Singareni Collieries Co Ltd (SCCL) and ensure they are fairly rewarded for their efforts, Coal India said.
The PLR will benefit around 2.1 lakh non-executive cadre employees of CIL, its subsidiaries and around 38,000 non-executive cadre employees of SCCL. The amount will be credited on a pro-rata basis, depending on attendance.
"The PLR will have a total financial implication of ₹2,153.82 crore for CIL and ₹380 crore for SCCL," the statement said.
The PLR underlines the commitment of CIL and the Ministry of Coal to worker welfare, motivation, and recognition of contractor contributions.
"By providing the PLR, CIL aims to boost productivity, morale, and job satisfaction among non-executive workers, who play a vital role in the company's mining operations and thus significantly contribute in shaping an Aatmanirbhar Bharat," the statement said.
Coal India accounts for over 80 per cent of domestic coal output.
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