Cost Impact of Clean Wage System: A Case Study of Pakistan Petroleum Limited
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Date
2011-07
Authors
Bashir, Usman
Bashir, Memon Salman
Kumar, Santosh
Rohra, Chandan Lal
Citation
Bashir, U., Bashir, M., Kumar, S. & Rohra, C. (2011) Cost Impact of Clean Wage System: A Case Study of Pakistan Petroleum Limited, Australian Journal of Basic and Applied Sciences, vol. 5, pp. 181-187.
Abstract
Clean wage is the new concept in compensation and benefit for employees there all allowances are amalgamated under one head and that may be basic salary. The allowances may include employee entitlement in cash (monthly or time dependent) or non-cash i.e. allowances in kind. Clean wage was implemented in Pakistan Petroleum Limited (PPL) with effect from 01 July 2008 to make motivation factor work in PPL. And act a toll of retention of employees. This research concludes that the employee motivation factor not only depends upon the monetary benefits. There must be other factors influencing employee's retention and performance