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Compensation Package at Ogdcl Pakistan

The compensation package for Oil & Gas Development Company Limited includes cash benefits like base pay and bonuses as well as services and allowances. Leaves include casual leave, maternity leave, and study leave. Transportation facilities include advances for purchasing vehicles and a car policy that assigns vehicles based on officer rank. Allowances include messing allowance, utility allowance, and special allowance. Reimbursements include travel allowance by air or taxi and daily allowances for local and foreign tours. Life insurance is provided at 48 times basic salary up to 1.5 million rupees. Bonuses are given based on annual performance rating from 1.25 to 3.75 times monthly basic pay. Incentives are also provided from 2.5

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837 views11 pages

Compensation Package at Ogdcl Pakistan

The compensation package for Oil & Gas Development Company Limited includes cash benefits like base pay and bonuses as well as services and allowances. Leaves include casual leave, maternity leave, and study leave. Transportation facilities include advances for purchasing vehicles and a car policy that assigns vehicles based on officer rank. Allowances include messing allowance, utility allowance, and special allowance. Reimbursements include travel allowance by air or taxi and daily allowances for local and foreign tours. Life insurance is provided at 48 times basic salary up to 1.5 million rupees. Bonuses are given based on annual performance rating from 1.25 to 3.75 times monthly basic pay. Incentives are also provided from 2.5

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Copyright
© Attribution Non-Commercial (BY-NC)
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COMPENSATION PACKAGE

Oil & Gas Development Company Limited -


Pakistan

COMSATS INSTITUTE OF INFORMATION TECHNOLOGY


COMPENSATION

Benefits & Services CASH

Services & Base pay


Transportation
Allowances Leaves Bonuses Incentives
LEAVES
 Study Leave

 Casual Leave

 Maternity Leave

 Leave on average pay

 Iddat leave
 Medical Facility
 Life insurance policy

 House rent
TRANSPORTATION
FACILITY
 Advance for Purchase of
conveyance
 Motor car
 Motor cycle
 Scooter

 Conditions for advance


CAR POLICY
CATEGORY OF ENTITLEMENT OF CAR
OFFICERS
M.D HONDA Civic VTI
(Prosmatic)1600 CC
E.D/GM HONDA Civic EXI
(Prosmatic)1500 CC
Manager COROLLA GLI 1300 CC

Dy.Manager/Chie CULTUS VXR 1000 CC


f
ALLOWANCES

1) Messing Allowance

3) Utility Allowance

5) Special Allowance
T.A/ D.A FOR OFFICERS
 Entitlement
 EG-I to EG-VI by air in Economy Class
 EG-VII and above by Business Class
 Taxi Charges on actual OR Rs. 5.00 per Km on using
own transport.

 Daily allowance for Local Tour


 EG-I to EG-V ---- Rs.550/-
 EG-VI and above ---- Rs.1200/-

 Daily Allowance on Foreign Tour


 EG-I to EG-V ---- US $ 350 per day
 EG-VI and above ---- US $ 450 per day
 Plus official Telephone, Fax, Internet, Taxi etc.
LIFE INSURANCE POLICY

The present life insurance system


given by OGDCL to its officers are
48 basic salaries with a
minimum sum assured of Rs.
0.50 million and a maximum
of Rs. 1.5 million.
BONUSES
ACR RATING FOR BONUS EQUIVALENT
THE YEAR TO
Very Good 3.75 times of monthly
Basic pay
Good 2.25 times of monthly
Basic Pay

Average 1.25 times of monthly


Basic Pay
Below Average Nil
INCENTIVES
RATE ATAP RATING Max No of
Officers in each
12.5% Very GOOD 10% Scale

10.0% GOOD 30%

5.0% Above AVERAGE 40%

2.5% AVERAGE 20%


0.0% Below average/ Disciplinary Case

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