BHEL - Training, Emoluments and Bond
Posted Date: 12-Oct-2007
Training, Emoluments and Bond
Engineer Trainee / Executive Trainee - The Selected Candidates will be placed on training for one year. During training, basic pay of Rs.10750/- in the scale of pay of Rs.10750-430-16750/- will be paid. After successful completion of training, the trainees will be absorbed as Engineer/ Executive in the scale of pay of Rs.11225-450-17525/- with a basic pay of Rs.11225/-.
The average total cost to the Company for the posts of Engineer Trainee/ Executive Trainee including Basic Pay, DA and other allowances and benefits provided by the Company during the tenure in above two scales would be around Rs. 4.0 Lakhs per annum.
For the above posts, besides the Basic Pay, Industrial Dearness Allowance will also be paid. Other allowances and benefits such as Leave, Medical Treatment, Leave Travel Concession, Provident Fund, Gratuity, Conveyance Reimbursement, HRA etc. will be admissible as per Company Rules in force from time-to-time during training/after absorption.
The Pay Scales mentioned above are due for revision with effect from 01.01.2007.
Service Agreement Bond
Selected candidates will have to execute a service agreement bond of Rs 1,00,000/- (Rupees One lakh only) to serve the Company (or any Government department or undertaking at the discretion of the Company) for a period of three years after successful completion of training.
Candidates will also be required to furnish a Surety Bond executed by parents/guardian/reliable surety.
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