Compensation Practices in DPDC

Group Name: Planet Of Management

Serial ID Name

1. 20152082 Shourav Sarkar

2. 20152143 Md. Navid Meher

3. 20152144 Anannya Mazumder

4. 20152152 Md. Rakibul Hassain

5. 20161090 Md. Iktiham Bin Taher (C)

Planet Of ManagementCourse Code: EHRM-521

Course Title: Compensation Management

Course Teacher: Abu Sayef Md. Muntaquimul Bari Chowdhuri

Jahangirnagar University

EMBA Program

Faculty Of Business Studies

Objectives

To accounted with the compensation policy

Of DPDC.

To take a simple look to their base pay.

To meet the terms of evaluation process for

promoting to next level.

To know the policy for accused Employees.

Company Profile

Contain Description

Type Public

Industry Electric Distribution

Founded Dhaka, Bangladesh (May 14. 2007)

Headquarter Dhaka, Bangladesh

Area Served Dhaka City Corporation,

Narayangonj Distinctly (Partly )

No. Of Employee 5734

Parent Bangladesh Ministry Of Power,

Energy and Mineral Resources

Website www.dpdc.org.bd

Vision

• Provide quality and reliable

electricity to the people of Dhaka

city and Narayangonj area for

desired economic, social and

human development of the

country.

Mission

• To deliver quality electricity with

service excellence.

• To make electricity available on

demand within the geographical

area of DPDC.

• To ensure customers’ satisfaction.

• To develop new mindset for all of

the employees fitting with

corporate culture.

• To reach self-sufficiency and

profitability by increasing income

and reducing expenditure.

Corporate Ethos

Commitment

• Quality power supply to all

customers'.

• Quickest response to

customers' need.

• Initiatives to match the

changing needs of the

customers.

• Digitalization of

Distribution System.

Core Objectives

• For the customers: Rendering

reliable and uninterrupted power

supply with customers care.

• For the owner and

shareholders: Financial

sustainability of the Company.

• For the society: Strengthening the

social values and undertake

corporate social responsibility.

• For the nation: Taking all out

effort to achieve national growth

and economic prosperity.

Corporate Motto

Dependable Power - Delighted

Customer

Corporate Ethos Contd….

Committee

Process Model

Office of the DGM, Employee Management ,(HR):

Creating a comprehensive database for all

employees of DPDC

Analyzing activities related to transfer/posting

Arranging compensation to employees having

additional responsibilities

Analyzing activities related to promotion of

employees

Organizing yearly increment for all employees

Organizing “CPF, gratuity and other benefits” for

employees.

Monitoring activities related to keeping records of

personal file and personal documents along with

Appraisal Performance Reports

Monitoring activities related to updating and

keeping seniority schedule of employees

Organizing Ex Bangladesh Leave for all employees of

DPDC.

Issuing different administrative orders, circulars etc

Organizing recruitment of new employees

Ensuring maintenance and or hiring of own vehicles

Making of all Payments including salaries through

bank of own office.

Ensuring transfer of CPF fund and IT/VAT.

Preparing budget of its own office.

Preparation of accounts of own office.

Reconciliation of establishment accounts.

Maintaining the records of all sorts of leave of own

office

Basic Pay

House Rent

Medical Allowance

Bonus

Entertainment Allowance

Electricity Rebate

Leave Encashment

Dearness Allowance

Conveyance Allowance

Deputation Allowance

Incentive Bonus

Education Allowance

Uniform & Liveries

Washing Allowance

Gratuity

Contribution to CPF

Welfare Allowance Pension Expense OF DESA

Contribution to CPF

Expatriate Allowance

Total Compensation

Financial Non-Financial

Salary Structure of DPDC , [Source: Engr. Md. Abdul Hye, AE (NWPGCL)]

Grade Designation Basic Salary

Previous Recent % Incr.

1 MD 100,000 175,000 75

2 ED 85,000 140,000 64.71

3 CE/GM 70,000 114,000 62.86

4 SE/DGM 60,000 98,000 63.33

5 XEN/M 45,000 79,000 75.56

6 SDE/DM 35,000 61,000 74.29

7 AE/AM 29,000 51,000 75.86

8 SAE/JAM 22,500 39,000 73.33

9 Staff Level- 01 18,500 32,000 72.97

10 Staff Level- 02 15,500 27,000 74.19

11 Staff Level- 03 14,400 25,000 73.61

12 Staff Level- 04 13,600 24,000 76.47

13 Staff Level- 05 13,000 23,000 76.92

14 Staff Level- 06 10,500 18,000 71.43

15 Staff Level- 07 9,600 17,000 77.08

16 Staff Level- 08 9,000 15,000 66.67

Employee Benefits

Contributory Provident Fund

Provident Fund isadministered by a TrusteeBoard and is funded bycontributions equally fromthe employees and theemployer @10% of basicsalary.

Gratuity

Employees are entitled to gratuity

benefit after completion of

minimum one year of continuous

service with the Company. The

gratuity is calculated on the last

basic pay and is payable at the rate

of two month's basic pay for every

completed year of service.

Beside thoseOthers Special Benefits (a) Special grant for treatment in case of accident while working;

(b) Liveries;

(c) Performance Bonus;

(d) Eight major disease have been brought under insurance coverage;

(e) Burn victim hospitalization cost coverage by insurance for 26(twenty six) week.

Issues Compensation Packages

Normal Death Base Salary X 50 amount (taka)

Accident Death Base Salary X 100 amount (taka)

Suicide Base Salary X 50 amount (taka)

Loss of both eye or Leg or Hand, or

one hand and one leg

Full Amount equal to main Bima

Loss of one eye or Leg or Hand Full Amount equal to main Bima

Major disease Benefits In first installment tk. 1 lac/year,

and In 2nd and 3rd installment tk.

3 lac. Bima Will be given.

Compensation Policy in unwanted Issues

Departmental enquiry & Disciplinary Actions

Group Insurance

Job Evaluation Point Table

Effect On Compensation For Proved Allegation

DPDC Come Up with Following Slogan

References

1. Dessler, G. (2012). Human Resource Management(13th ed.). Pearson.

2. Guirgis, H. E. (2007, February 8). Doc Slide.Retrieved December 10, 2016, from Doc SlideWebsite:http://docslide.us/business/compensation-and-benefit-chapter 1.html.

3. (n.d.). Retrieved December 10, 2016, from DhakaPower Distribution Company (DPDC) website:https://dpdc.org.bd/.

Thank You