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Coal India to transfer 4,000 executives every year, 20,000 every five years

Coal India to transfer 4,000 executives every year, 20,000 every five years New Delhi: Coal India has decided to transfer each of its 20,000-odd executives every five years in an effort to improve their skill sets and prevent external parties from forming a nexus with employees.

The policy would lead to 4,000 transfers every year on an average. “The new transfer policy has just been implemented and will allow executives to enhance their experience in a number of fields,” a senior Coal India executive told ET.

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“Everyone would get a chance to try out new jobs within the company. It will help Coal India produce better general managers with all round experience about functioning of the company.”

He said it is also expected to break nexus that often develops between group of executives and other external parties leading to vigilance cases.

“Departmental or areawise transfer every five years is also expected to curb such developments which requires lot of effort on the part of the management to solve,” the executive said.

The first set of transfers after fifth year will be interdepartmental for executive working at subsidiary headquarters or at Coal India headquarters in Kolkata. For example, an executive employed in the marketing and sales department may be transferred to purchases department within the same headquarters.

For executives working at mining projects, the transfer would be from one area to another within the same project.

After the 10th year, the executive would be eligible for transfer to a new project under the same subsidiary. “Employees postings can also be rotated before completion of 10 years on administrative ground if the needs arises,” another CIL India executive said.

On completion of 15th year, the executive will be eligible to be transferred to a new subsidiary or to Coal India.

“This will allow every new recruit to work for at least three units under Coal India,” said the executive quoted above.

This story has not been edited by coalpost and is auto-generated from a syndicated feed of ET https://energy.economictimes.indiatimes.com/news/coal/coal-india-to-transfer-4000-executives-every-year-20000-every-five-years/64103981?utm_source=RSS&utm_medium=ETRSS

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