The Monthly Remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations

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The Monthly Remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations

The remuneration of the officers (Executives) of the company is governed by the guidelines of the Department of Public Enterprises Government of India. The pay scales of officers are of Industrial DA pattern. The Remuneration of employees (Non-Executives) is fixed through negotiation with workmen’s Union subject to the overall guidelines of Department of Public Enterprises Government of India. The monthly emoluments of officers and workmen at various grades of pay scale are given below:

Revised Pay Scale For Different Grades (w.e.f. 01.01.2007)

BOARD LEVEL

GRADE PAY SCALE
Sch A 80000-3%-125000
Sch B 75000-3%-100000

EXECUTIVES

GRADE PAY SCALE
E0 12600-32500
E1 20600-50500
E2 29100-54500
E3 32900-58000
E4 36600-62000
E5 43200-66000
E6 51300-73000*
E7 51300-73000*
E8 51300-73000
E9 62000-80000

(*) The scales of pay of E6 & E7 grades for Executives of SAIL are hereby merged with E8 grade

Revised Pay Scale For Different Grades (w.e.f. 01.01.2012)

NON-EXECUTIVES

GRADE PAY SCALE   GRADE PAY SCALE
S1 15830-3%-22150   S6 17500-3%-30070
S2 16300-3%-23200   S7 17600-3%-31230
      S8 17700-3%-32420
S3 16800-3%-24110   S9 17800-3%-35480
S4 17100-3%-25540   S10 17900-3%-42030
S5 17300-3%-27540   S11 18000-3%-43950

NOTE:- Remuneration and Compensation are as per company's guideline.