Public sector perks under scanner
The Sixth Central Pay Commission of India has assigned XLRI Jamshedpur to do a study titled “Estimating the Compensation Package for Government Employees and the Cost to the Government”. The object of the study is to compute in monetary terms all the benefits government employees get – both tangible and intangible.
This certainly seems to be a good move, as very frequently the government employees are seen comparing their own salaries with the compensation package of private sector employees and pointing at variances. However, in private sector the overall package is calculated on a cost to company basis, where almost all benefits to the employees are taken into consideration. However, the government employees get a number of additional benefits which are generally not taken into consideration while drawing such a comparison. These may include pension, job security and other benefits.
Hope, the XLRI study report will put to rest all such misconceptions.











