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DPE ONE DAY WORKSHOP ON PMS AT VISAKHAPATNAM ON 31-08-2012

DPE ONE DAY WORKSHOP ON PMS AT VISAKHAPATNAM ON 31-08-2012. P R P & P M S. IN MECL. BY DR. GOPAL DHAWAN CMD, MECL. www.mecl.gov.in. MECL AT A GLANCE. www.mecl.gov.in. OBJECTIVE :

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DPE ONE DAY WORKSHOP ON PMS AT VISAKHAPATNAM ON 31-08-2012

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  1. DPE ONE DAY WORKSHOP ON PMS AT VISAKHAPATNAM ON 31-08-2012 P R P & P M S IN MECL BY DR. GOPAL DHAWAN CMD, MECL www.mecl.gov.in

  2. MECL AT A GLANCE www.mecl.gov.in

  3. OBJECTIVE: SYSTEMATIC EXPLORATION OF MINERALS TO BRIDGE THE GAP BETWEEN INITIAL DISCOVERY OF MINERAL PROSPECT AND ITS EVENTUAL EXPLOITATION.  MISSION: COST EFFECTIVE AND TIME BOUND GEOSCIENTIFIC SERVICES FOR EXPLORATION AND EXPLOITATION OF MINERALS. VISION: TO BE THE LEADER IN EXPLORATION FOR MINERALS BY 2020. INTRODUCTION www.mecl.gov.in

  4. IN AUGUST 2006, GOVERNMENT OF INDIA APPROVED THE FINANCIAL RESTRUCTURING OF THE COMPANY, WHICH INCLUDES WAIVER OF INTEREST AND PENAL INTEREST OF RS. 58.84 CRORES CONVERSION OF OUTSTANDING PLAN AND NON-PLAN LOAN OF RS.45.80 CRORES INTO EQUITY FROM 31-3-2005, THUS RAISING PAID UP CAPITAL FROM RS. 73.75 CRORES TO RS. 119.55 CRORES. AS A RESULT COMPANY TURNED AROUND INTO A PROFIT MAKING ORGANISATION. TURN AROUND www.mecl.gov.in

  5. PERFORMANCE OF COMPANY IN LAST FIVE YEARS www.mecl.gov.in

  6. 2007 PAY REVISION HAS BEEN IMPLEMENTED IN THE COMPANY w.e.f. 01-01-2007. WITH 20% OF FITMENT BENEFITS INSTEAD OF 30% FITMENT BENEFIT UNDER PREVAILING CIRCUMSTANCES. THE CAFETERIA FOR OTHER ALLOWANCES & PERKS TO THE MAXIMUM CEILING OF 50% OF THE BASIC PAY HAS NOT BEEN IMPLEMENTED DUE TO NON-AFFORDABILITY. PAYANDPERKS www.mecl.gov.in

  7. INDEPENDENT DIRECTORS IN THE BOARD OF MECL APPOINTED IN 2012. REMUNERATION COMMITTEE WAS CONSTITUTED ON 25-06-2012 AFTER APPOINTMENT OF INDEPENDENT DIRECTORS REMUNERATION COMMITTEE RECOMMENDED FOR CONSIDERATION OF THE BOARD FOR THE PAYMENT OF PRP FOR THE YEAR 2010-11 AND 2011-12 TO THE EXECUTIVES OF THE COMPANY AS PER DPE GUIDELINES. IN THE BOARD MEETING HELD ON 22-08-2012, BOARD HAS APPROVED PAYMENT OF PRP. PAYMENTOFPRPINMECL www.mecl.gov.in

  8. P R P FINANCIAL IMPLICATION 1.25 0.52 www.mecl.gov.in

  9. A ROBUST AND TRANSPARENT PERFORMANCE MANAGEMENT SYSTEM (PMS) HAS BEEN PREPARED AND THE SAME IS BEING IMPLEMENTED IN MECL FROM THE CURRENT YEAR 2012-13 UNDER THIS SYSTEM, ONE ANNUAL PERFORMANCE APPRAISAL FORMAT WILL BE MADE APPLICABLE TO ALL EXECUTIVES FOR BOARD EXECUTIVES ANNUAL PERFORMANCE APPRAISAL FORMAT IS AS PRESCRIBED BY DPE PERFORMANCE MANAGEMENT SYSTEM IN MECL www.mecl.gov.in

  10. ANNUAL PERFORMANCE APPRAISAL FORMAT FOR EXECUTIVES CONSIST FOUR PARTS PMSFOR EXECUTIVES www.mecl.gov.in

  11. KEY PERFORMANCE AREAS FOR EACH EXECUTIVE WILL BE SET AT THE BEGINNING OF THE YEAR KEEPING IN VIEW THE MOU / ORGANIZATIONAL OBJECTIVES KEY PERFORMANCE AREAS WILL BE REVIEWED AND MODIFIED ACCORDING TO CHANGING SITUATION DURING MIDDLE OF APPRAISAL PERIOD, IF NEEDED AT THE END OF THE APPRAISAL PERIOD, SELF APPRAISAL WILL BE RECORDED BY THE APPRAISEE INDICATING HIS ACHIEVEMENTS AND PERFORMANCE ACHIEVEMENTS WILL THEN ANALYZED BOTH BY THE APPRAISER AND THE APPRAISEE TOGETHER AND PERFORMANCE RATING ARRIVED AT . I. PERFORMANCE www.mecl.gov.in

  12. THIS SECTION CONSISTS OF THE CERTAIN FUNCTIONAL / TECHNICAL AND MANAGERIAL COMPETENCES REQUIRED FOR SUCCESSFUL PERFORMANCE IN THE JOB II. COMPETENCES • BUSINESS ENVIRONMENT KNOWLEDGE • PROFESSIONAL SPECIFIC KNOWLEDGE • MAKING BUSINESS DECISION • VISION • SYSTEMATIC THINKING • NETWORKING • ORGANIZING RESOURCES • INSPIRING PEOPLE • TEAM PLAYER www.mecl.gov.in

  13. FAIRNESS TRANSPARENCY TRUST CANDOUR COLLABORATION INVOLVEMENT FLEXIBILITY WILLINGNESS TO ACCEPT THE CHALLENGE DISCIPLINE ETHICAL BEHAVIOR III. VALUES THIS SECTION CONSISTS OF THE FOLLOWING VALUES WHICH ARE TO BE DEMONSTRATED IN DAY TO DAY ACTIVITIES www.mecl.gov.in

  14. THIS NEW PERFORMANCE APPRAISAL SYSTEM IN MECL MEETS THE REQUIREMENTS FOR PAYMENT OF PRP TO THE EXECUTIVES IV. POTENTIALAPPRAISAL THIS SECTION CONSISTS OF THE FOLLOWING ATTRIBUTES WHICH ARE TO BE DEMONSTRATED IN DAY TO DAY ACTIVITIES • LEADERSHIP ABILITIES • TEAM BUILDING • ABILITY TO BUILT A STRATEGIC VISION • BUSINESS SENSE • COMMUNICATION SKILLS www.mecl.gov.in

  15. BELL CURVE APPROACH IN ACCORDANCE WITH THE BELL CURVE APPROACH, FOLLOWING GRADING SYSTEM IS PROPOSED www.mecl.gov.in

  16. DRAWBACK OF IMPLEMENTATION OF BELL CURVE • RELATIVE GRADING INCULCATES FRUSTATION AMONG EMPLOYEES WHO ARE RATED AS POOR • THE TOPERS IN THE COMPANY COULD ALSO ATTRACT HYPER COMPETITIVENESS NATURE AND HENCE RESULTING IN DYSFUNCTIONAL WORKING ENVIRONMENT • THE TRAINEES AND YOUNGER OFFICER ARE LIKELY TO BE RATED POOR IN COMPARISION TO SENIORS • EXECUTIVES RATED AS POOR OR FAIR WILL SUFFER IN THEIR GROWTH.THIS APPOACHE IS NOT BEING ACCEPTED BY MOST OF PSU EXECUTIVES, HENCE THE BELL CURVE APPROACH OF PMS MAY BE REVIEWED www.mecl.gov.in

  17. THANK YOU www.mecl.gov.in

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