BHUBANESWAR: The State Government on Saturday approved the proposal of the Orissa Power Generation Corporation (OPGC) for recruiting professionals from open market on performance-linked pay packet. OPGC will be the first public sector unit of the State to have a double pay structure which is in vogue in national PSUs.As per the new arrangement, OPGC will hire professionals from the open market on its terms and conditions. Pay packet of the new recruits will be linked to their performance. Better performers will get incentives and non-performers will be fired, said company’s Managing Director K Venkatachalam.The new recruitment policy is also open to the existing staff. Those who opt for the new policy will have to sign a new agreement with management and their salary fixed as per mutually agreed upon conditions. However, the company will not force any of the regular staff to sign the new agreement.Under the new recruitment policy, milestones will be set for employees individually and their performance assessed through performance management system (PMS). Performance appraisal will be made on individual, team and power generation basis. Apart from salary, bonus of individuals will be decided on these parameters, he said. Recruitment of professionals on prevailing market salary was a long-standing demand of the OPGC management before the Government as many senior executives left the company complaining poor pay packets. As a number of thermal power projects are coming up in the State, getting a good job with higher pay packet is no more a problem. Although the State Government is the major stakeholder in OPGC having two thermal power plants of 210 MW each at Ib Valley in Jharsuguda district, AES Corporation has the management control. The company is now in the process of expansion by setting up of two super critical power plants of 660 MW each. A profit-making organisation, OPGC is contributing significantly to the State exchequer since its divestment.
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