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Performance Related Pay in CPSE – DPE Order issued on 01-07-2020

July 1, 2020

DPE Order issued on 01-07-2020 for CPSE Pay Revision of Board level and below Board level Executives and Non-Unionised Supervisors-Examples on Payment of PRP

No.W-02/0004/2018-DPE (WC)-GL- X/20
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises

Public Enterprises Bhawan,
Block No. 14, CGO Complex,
Lodhi Road, New Delhi-110003.
Dated, the 1st July, 2020

OFFICE MEMORANDUM

Subject:- Pay revision of Board level and below Board level Executives and Non-Unionised Supervisors of Central Public Sector Enterprises(CPSES) w.e.f. 01.01.2017-Examples on Payment of PRP – regarding.

The undersigned is directed to refer DPE’s OM No W-02/0028/2017- DPE(WC)- GL-XIII/17 dated 03.08.2017 regarding Pay revision of Board level and below Board level Executives and Non-Unionised Supervisors of CPSEs w.e.f. 01.01.2017

2. DPE guidelines on 2017 pay revision which, inter-alia, includes new methodology for calculation of PRP are applicable to all the Board level and below Board executives. Accordingly, the kitty factor with restriction of 100% of basic pay explained for calculating PRP is applicable to all the executives including Board level executives.

Also Read: Pay revision of Board level and below Board level Executives and Non-Unionised Supervisors of Central Public sector Enterprises(CPSEs) w.e-f. 01.01.2017- Review of the Profitability

3. For the sake of more clarity and unambiguity, DPE has framed one more example of PRP Pay-out in case of CMD, Schedule A CPSE, which is illustrative in nature. All CPSEs are requested td review their PRP calculations in conformity to para 2 above and in line with example annexed to this OM. Deviations in past, if any may also be corrected.

4. All administrative Ministries/Departments of the Government of India are requested to bring the above to the notice of CPSEs under their administrative control and to comply with the DPE’s guidelines strictly.

sd/-
(Samsul Haque)
Under Secretary

Performance Related Pay (PRP): Examples for calculating Kitty factor/Allocable profit

PRP Kitty Distribution: within 5% of profit accruing from core business activities (hereinafter, for brevity, referred to as Profit).

Ratio of relevant year’s profit: incremental profit = 65 : 35

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Sl. Parameters Amount (Rs.)/ %age
1. FY 2016-17 Profit = 5000 crore
2. FY 2017-18 [for which PRP is to be distributed] Profit = 6000 crore
3. Incremental profit 1000 crore
4. 5% of the year’s profit 300 crore
5. Allocable profit out of current year’s 5% of profit based on distribution in the ratio of 65:35 towards the year’s profit and incremental profit:
a. PRP payout from year’s profit 195 crore [i.e. 65% out of 300 crore]
b. PRP payout from incremental profit 105 crore [i.e. 35% out of 300 crore]: [105 crore can be fully utilized as incremental profit is 1000 crore.]
6. Full PRP Payout requirement (computed for all executives based on Grade-wise ceilings, CPSE’s MOU rating, Team rating & Individual performance rating) – but without applying kitty factor related to year’s profit or Incremental profit 300 crore
7. PRP payout break-up based on 65:35 distribution out of year’s profit and incremental profit:
a. PRP amount required out of year’s profit (i.e. 65% of Sl. No. 6) 65% of 300 crore = 195 crore
a1 Cut-off factor(1) (in %age) for year’s PRP payout with reference to Sl. No. 5(a) & 7(a) 195 crore / 195 crore = 100.00%
b PRP amount required out of incremental profit (i.e. 35% of Sl. No. 6) 35% of 300 crore = 105 crore
b1 Cut-off factor(2) (in %age) for incremental PRP payout with reference to Sl. No. 5(b) & 7(b) 105 crore / 105 crore = 100.00%
8. Thus, total Profit amount allocated for distribution 195 crore + 105 crore = 300 crore [i.e. 5% of Core business / operating profit]
9. Kitty factor for respective Grade (in %age) [65% x Grade PRP ceiling (%) x Cut-off factor(1)] Plus (+) [35% x Grade PRP ceiling x Cut-off factor(2)] = Kitty factor

PRP Pay out to CMD Schedule A, CPSE, 2017 Pay Scales

Sl Parameter Amount(Rs)/ % age Payout
A CPSE’s MOU Rating [Weightage = 50%] 100%
B Team’s Ratings [Weightage = 30%] 100%
C Individual’s performance ratings [Weightage = 20%] 100%
D Grade Ceilings(CMD) (Max 150% of BP) 150% of BP
E Cut-off factor(1) 100.00%
F Cut-off factor(2) 100.00%
G Kitty factor for CMD Ie [65% * D(grade PRP ceiling * E(Cut off factor(1))] Plus [35%* D(Grade PRP Ceiling) * F(Cut -Off factor(2)) ] [65% x 150%x 100%] + [35% x 150%x 100%] 1.5 = 150 %. But as per guidelines, Kitty factor is restricted to 100%.
H Net PRP
i Factor –X [Company’s  Performance component] Wtg (50%) x A x G = 50 x100x 100 = 50%
ii Factor – Y [Team’s Performance component] Wtg (30%) x B x G = 30x 100 x 100= 30 %
iii Factor –Z [Individual’s Performance component] Wtg (20%) x C x G = 20x 100 x 100= 20 %
I PRP Payout distribution Factor X +Factor Y +Factor Z = 100 % of Basic Pay
J Total PRP payment (Minimum Annual Basic Pay for CMD Schedule A CPSE) 100% of Rs 24,00,000/- = Rs 24,00,000/-

CPSE Examples on Payment of PRP in Download PDF – Click Here

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