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June 21st, 2016, 12:14 PM
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Join Date: Mar 2012
Human resource accounting in ONGC

Hello sir I want to know about Human resource accounting in ONGC so here can you please give me its details ?

Hey as per your demand here I am providing you details of Human resource accounting in ONGC

ONGC
ONGC was founded on 14 August 1956 by Government of India, which currently holds a 68.94% equity stake. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 kilometers of pipelines in the country

Human Resources

ONGC values its Human Resources the most.
To keep their morale high, your company extends several welfare benefits to the employees and their families by way of comprehensive medical care, education, housing and social security.
During the year 2011- 12, your company implemented various new and revised welfare policies for its employees.
105 employees were released under the Voluntary Retirement Scheme during the year.
Sustainability Development

Department of Public Enterprises, Government of India has issued “Guidelines on Sustainable Development (SD) for the Central Public Sector Enterprises' (CPSE's)” on 23rd September, 2011 for implementation with immediate effect by CPSEs.
From the year 2010-11, the Department of Public Enterprises (DPE) has also included Sustainable Development (SD) as a compulsory evaluation parameters for CPSEs under “Non-Financial Parameters” having 5% weightage in the MOU for CPSEs
Further each CPSE is required to form a Board level designated committee on Sustainable Development headed by an Independent Director as its Chairman to approve Sustainable Development (SD) Plan

Last edited by Neelurk; May 14th, 2020 at 03:30 PM.
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