Islamabad (August 2, 2012) – PTCL has announced Annual Salary Increment 2011-2012 of all employees (Management and Non-Management).
The Name of New Allowance is “Performance Allowance 2012”.
According to notification issued on Wednesday, August 1, 2012 No.TM&L/Salary/2012 the allowance for Non-Management Employees (Regular and NCPG) will be 10% to 20% on the basis of performance evaluation.
Allowance for Management Employees will be 7.5% to 15% on the basis of performance evaluation.
Text of Notification
Pakistan Telecommunication Company Ltd.
PTCL Headquarters, Sector G-8/4, Islamabad
No. TM&L/Salary/2012 Dated: lstAugust, 2012
Inter Office Memo
Subject: Annual Salary Increment -2011-12
The Management is pleased to announce the salary increases for all regular, NTC and NCPG employees based on annual performance of 2011-12 effective from 1* July 2012-The details of Annual Salary Increaseare explained below:
1. NON-MANAGEMENT EMPLOYEES:
■ Increase up to 20% of running basic pay of all non-management employees will be paid as “Performance Allowance – 2012”.This increase will be paid on the basis of performance evaluation of the employees through Performance Management System. Depending on the ranking in the PMS, employee will get an increase starting from 10% to 20% of running Basic Pay.
2. MANAGEMENT EMPLOYEES:
■ All management employees will be given “Performance Allowance – 2012”, ranging from 7.5% to 15% of the Running Basic Pay, based on their performance evaluation results and categorization.
The Management sincerely hopes that our employees in all ranks will exert more efforts and work harder to improve the performance and results of the company so that they can avail more rewards and benefits in future.
Any clarification or query regarding this process will be decided by the SEVP (HR)on case to case basis.