NTPC hit by attrition, executives taking flight
New
Delhi,
Sept
10:
Power
Minister
Sushil
Kumar
Shinde
today
said
that
165
executives
quit
the
country's
largest
power
producer,
NTPC
in
2006-07
in
pursuit
of
better
pay
and
perks.
The attrition percentage for the year is 1.55 per cent, Mr Shinde told the Rajya Sabha in a written reply.
He said a better pay package may help in retaining the executives while the state-owned company is also pursuing HRD initiatives to enhance organisational performance.
Other initiaives by NTPC to retain the work-force include aliging individual and organisation needs and develop business leaders and increase commitment of the employees by recoginising and rewarding high performance.
The company is also institutionalising core values and is creating a culture of team-building, empowerment, equity, innovation and openess, which would motivate employees and enable achievement of strategic objectives.
UNI