Page 69 - Chambal SR_2015-16

growth of Chambal. Our healthy work environment Round-the-clock health services are provided to
and attractive compensation packages have enabled employees, their families, associated contractor
us to attract and retain high calibre employees. workforce and people residing in the vicinity of the
The Chambal team is a perfect blend of youth and plants. New medical equipment and services are
experience, and has an average age of 38 years. continuously added to upgrade the facilities at the
health centre.
employee Benefits
Our remuneration packages offer employees a Protecting human Rights
range of benefits, guarantees and privileges, which We are committed to preventing human rights
ensure financial and social stability, and improve abuses like child labour and forced/ compulsory
their living standards on a continuous basis. The labour in all our operations. An elaborate process
Chambal employee senior staff superannuation of background verification, medical fitness,
fund provides pension benefits to management address and age verification is followed along with
employees. We also have facilitated the new pension compliance of other statutory requirements by the
system (NPS) launched by the Pension Fund industrial relations (IR) department for contract
Regulatory and Development Authority in 2012- workers. In the reporting year, no case of ‘child
13, for all management-grade employees who were labour/ forced labour’ has been reported.
interested in the scheme.
Although we are vigilant against human rights
The provident fund scheme is managed by Chambal abuses by our suppliers, we currently do not have
through a trust. Employees who have completed a defined formal policy in this regard. We have not
five years of service are eligible for gratuity and the entered into any significant investment agreement
Company’s employees’ group gratuity trust fund in the reporting year.
provides for gratuity benefits. Life insurance benefit
to each employee is also covered under gratuity An equal Opportunity employer
and superannuation schemes. All employees are At Chambal, meritocracy and equal opportunity
eligible for the group personal accident, group are the cornerstones of our selection and career
health insurance and group term solution schemes. advancement programmes. As a caste, colour,
In case of accidents, the personal accident scheme gender and religion neutral organization, all our
ensures compensation for treatment expenses, policies concerning recruitment, compensation,
permanent/ partial disability, permanent/ training and promotion are solely based on merit and
temporary loss of earning capacity including performance of an individual. We are highly vigilant
salary component and death coverage. The health about ensuring that our contractors discharge their
insurance scheme covers hospitalization expenses legal obligations with regard to workers’ rights and
of employees and their family members. The term
solution scheme insures the life of each employee.
We value employees who have spent many years at
the Company and are now enjoying a well-deserved
retirement. All retired employees and their spouses
are covered under a group health insurance policy,
up to the age of 85 years.

Furthermore, all management-grade employees
are supported for membership of one professional
body, wherein the annual membership fee is borne
by the Company.

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