In any organization whether it is government or private, when a person gets rewards in return to what he gives to that institution is known as Performance Related Incentive. It is basically started to motivate the staff and people working for that particular organization. Usually these schemes offer financial return as an incentive, but sometimes even it is also non-financial. Like company vouchers or shopping related money coupons. This system is active in private institutions, whereas in governmental institutions it is also necessary to build a reputation of such organizations. This is how the system will improve employees’ vision for work will expand.
PRIS DETAILS ONLINE
It was recommended in 6th pay commission to the Govt. of India. The scheme in which bonus will be offered to the employees as per their performances. Central government is very positive about the change that will bring a lot of competition and eventually it will improve the total amount of work of work for the employees. This scheme is also considered as a target achievement scheme in which employees will work even harder to achieve their targets and in return they will get bonus. The bonus will be an additional amount after the salary.
In the 7th pay commission, PRIS is now in a movement to start. The details will be out soon. Performance related scheme is a variable part of pay that is offered to the eligible individuals on their performance bases. This scheme will work on individual or Team work/group bases. This scheme has nothing to do with other service increments and typical allowances. PRIS is strictly applied on the base of performance of individual department. Some of the rules are as follows…
- Selection of objectives- Department wise
- Assigning targets to the particular department
- Specifications to the departments on the actions to achieve the target
- Target achievement indicators
- Select targets for particular group or person/ the reason for increasing efforts.
- Performance evaluation
PRIS ELIGIBILITY CRITERIA AND PERFORMANCE RULES
- Bio-metric system must be installed in the department for checking the punctuality of the government officials.
- More than 70% of the target should be covered by the department on the results framework document.
- Two full years Result Framework Document (RFD) should be prepared by the departments.
The employees’ union can give suggestions on how to implement or how to modify this scheme.
Apart from the recommendations from 6th pay commission, Prime Minister Narendra Modi is establishing a few new improvements in this scheme that will be beneficial for all employees. The scheme is designed in different ways for different departments viz. Central Government Employees, DRDO Employees, Department of Atomic Energy etc. Every department will take rewards as per the design i.e. monthly, quarterly or yearly. Relatively this scheme will be awarded based on the designations and their percentage of salary. Such rewards have nothing to do with the regular increment of allowances therefore it is necessary to take it as a reward only and not something like a fixed quarterly /yearly increment.
THIS IS THE CALCULATION FORMULA TO CALCULATE AMOUNT OF PRIS PRICE.