Cochin Shipyard Limited (CSL), a listed premier Mini Ratna Company of Government of India,invites Online Applications from young professionals, for filling up the posts of Executive Trainees in the following disciplines:
Compensation and Benefits, Place of posting (i) The candidate selected as Executive Trainee will have to undergo one year training during which the trainee will be paid a consolidated monthly stipend of ` 50,000/-. If required, the trainee would be retained for extra hours of training beyond normal working hours and on closed holidays, and in such cases would be paid an additional stipend limited to a maximum of` 3000/-pm. (ii) On successful completion of one year training, the Executive Trainees shall be considered for appointment as Assistant Manager in E-1 Grade in the scale of pay of `40000-3%-140000 and pay fixed at the start of the scale. In addition to Basic Pay, the incumbent shall be eligible for Industrial Dearness Allowance as applicable, HRA @ 16% of Basic pay, Perks upto 35% of Basic Pay, and other benefits viz. Pension benefits, NPS, Contributory Provident Fund Scheme, Accident Insurance coverage, Leave Encashment, Reimbursement of Medical expenses under the Contributory Medical Insurance policy, Performance Payment, other allowances etc as per the rules of the company. The CTC per annum at the minimum of the E1 scale of pay as on date works out to ` 13 Lakhs approx., as detailed under :- Sl No Wage type Monthly Emoluments (`) 1 Basic pay 40000/- 2 DA (at present 23.2%) 9280/- 3 HRA (at Kochi 16%) 6400/- 4 Perks & Allowances (35%) 14000/- 5 Other benefits 42501/- Total per month 1,12,181 /-
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