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Saturday, 26 July 2008

ONGC offering cars, laptops to retain employees

KOLKATA: At a time when inflation threatens to burn a crater in nearly every corporate’s pockets and early recessionary signs have induced most companies to tighten salary packets, state-owned explorations major ONGC is swimming against the tide.

For starters, ONGC plans to offer its near 10,000 officials new cars with a Rs 7 lakh to Rs 8 lakh price tag. There is a catch though. ONGC will own the cars since it will be procuring them. But the vehicles will be available to eligible executives 24x7.

The move, claim top ONGC officials, is part of a new employee retention drive to prevent flight of top talent to the private sector. Lately, the public sector explorations major has suffered heavy attrition since private sector rivals are offering more generous emolument.

தேங்க்ஸ்: ET

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