Recently it was declared that the second and the forth
Saturday of the every month will be an off day for all Government bank employees with
effect from September 2015. Soon after this decision, the management of Life Insurance
Corporation (LIC) and the associated trade unions after fifteen rounds of joint
meetings has arrived at the final
agreement that the LIC employees will also enjoy the benefit of alternative
Saturdays off.
Not only this, the salary also has been hiked to 15 percent
out of which 13.5 percent would be in the basic pay and the remaining 1.5
percent in HRA, CCA (city compensation allowance) and daily commuting allowance
This initiative is expected to increase the work life balance among
the LIC employees thus taking the employees to the next level of engagement
towards the work and the organisation.
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