Happy ONGC officers
Middle-ranking officers at ONGC are celebrating following a board decision in April to increase the number of executive directors and group general managers.
ONGC currently has 58 executive directors heading its business groups, all reporting directly to board directors. But next year as many as 11 lucky group general managers will be elevated to executive director rank, taking the total number of executive directors to 69.
ONGC likewise has 70 group general managers, reporting to executive directors. Yet within the next couple of weeks this number will increase to 175! Fortunately, the financial costs involved are low, as each group general manager promoted will receive a pay rise of just Rs10,700/month ($214).
Senior general managers who jump up to group general manager level get no pay increase. ONGC’s last such senior level promotions were in 2009.
“The workload has increased,” we hear. “Many new activities are being taken on justifying promotions.
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