More money,less salary
26 June 2009
Corporate employees say they are shocked to learn that their revised salary plus the 15 percent corporate specific allowance (CSA) do not amount to their current salary.
They say that, if the revised salary comes as arrears from January 1, 2009, they may have to refund the excess salary they have received until now.
Analysts say the government- owned corporations will be most affected. Salary fixed by the Ministry of Finance (MoF) for grade I employee of non-DHI category corporations is minimum of Nu 30,115 and maximum of Nu 45,215 while a grade I corporate employee today draws a minimum of Nu 39,320 and maximum of Nu 60, 570.
When the revised salary comes into effect, a grade I employee, who draws a monthly salary of Nu 39,320 now, will receive only Nu 34,632.23 inclusive of the 15 percent CSA. Which is Nu 4688 less than the current salary. A simple calculation reveals that the employee has to refund Nu 28,128 to the company.
The salary in Food Corporation of Bhutan (FCB) was last revised in 2007 on the recommendation of the MoF. State Trading Corporation of Bhutan (STCB) followed suit.
The Managing Director of FCB, Kunzang Namgyel, said the latest salary revision was not transparent as the corporation was not consulted. “We were never invited for consultation and the decision came as a shock to all of us,” he said.
Expressing the same view, officials from STCB said that those involved in the salary revision must not be aware of the present salary structure of the corporations.
Corporate employees said they had expected the revised salary to be on a par with that of the civil servants’, plus the 15 percent CSA.
There are more questions and fewer answers. A finance manager from a corporation asked, “Do we have to refund the access salary we have received until now? Will the employees agree to do so?”
The MoF has prescribed two different pay structures for corporations based on their capital base and revenue generation. Companies with equity base of more than Nu 100 million and earning revenues of more than Nu 500 million in a year are put in the first category and rest of the corporations in the second category.
By Rabi C. Dahal
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Well, only the grade 1, who must be an MD, with lot of money with tours and other travel, it must be peanut to refund, so let him/her refund.
In the very first place, no government across the world ever messes around the salary of the corporate entities. The salary sheet provided by MOF does not just mock at the corporate bodies but also reflects how Bhutanese Government have been functioning. In fact there has not been any work done at all. It doesn’t take a genuis to know whats wrong with it and what is really very surprising is that it got through all the authorities concerned. Many people cannot differentiate between the government departments and corporate entities today in Bhutan. The reason is very simple, the government always wants to dictate its terms on the corporations. It is extremely important that we all knew its role and give them an environment to fulfil the reason of existence. Work done is not enough. It should be done well. If you throw peanuts, you are only inviting monkeys.
We the corporate employees aspect the same hike as civil servent i.e 35%. We work so hard to achieve our corporate goals and waited for the hike for more than a year. Now see the result. The Finance Ministry has come up with guidelines for corporate pay revision which is unacceptable. With the now pay structures we r getting less than wat we r getting now. Wat does it mean? Do we hav to refund the money or wat? Finance Ministry has announce in the media that coroprates salary hike is 15%. But m getting less than wat m getting now with the new pay revision.
Even the govt. has not revised the salary of arms force.
pls. DPT govt……………….u will be knock out in the first round of next coming if u ill treat corporate employees and arms forces. Remember one vote can make the differences. We corporate employees and arms forces and their relative are thousands in numbers.
What people in Bhutan does not realise is Corpotations in Bhutan are not like Corporations in other countries. Infact the corporations in Bhutan does not in the slightest bit fit the description of a Corporation.
A corporation is a separate legal entity. As such it allows a group of people to pool their energy, time, and money for profit or nonprofit activities. The corporation comes into legal existence when its founders comply with their state’s incorporation process.
A corporation is treated by the law as a separate “person,” distinct from the people who own or manage it. The corporation can enter into contracts, incur debts, and pay taxes. Corporations can be set up as for-profit purposes or for nonprofit purposes
In Bhutan the government owns all the corporations, and all the senior management are civil servants.
1. The corporates are owned by the Government. Who are you complaining to? owner?
2. Who says corporate employees work harder?? What evidence do you have? This is not true. I think. There are rumors of lot of insincere corporate employees.
3. Corporate employees are already paid higher than civil servants. This 15 % hike will still maintain higher pay than civil servant for a same grade.
4. If corporations can make themselves stand on their own feet, without requiring Government to support like some organizations like BNB and more, I am sure government is happy to privatize, so the employees can enjoy hike as per the profit.
hey Geleg, dont panic like that.
machines in chhukha, basochhu, kurichhu and tala power house will not work without human beings ok.
did you ever complained about the interruption of power while you were watching your favorite movie…huh. or you dated first time at your home with your gf. and forgot to buy candels. hehe he.
dont worry guys it is in our hands to send power ok. the good news is that the restoration time will awfully be late. buy more candels…………………………………….