Chief Execution Officer is not just a designation but a position of power and responsibility. If a company goes in profit or loss, it is a responsibility of its CEO. The CEO of Bharat Heavy Electricals Limited at this period is Mr Atul Sobti. He has been serving BHEL for a long term. Previously holding two crucial sections i.e. finance and power department, he has proved to be instrumental in making effective strategies. So what exactly is the work profile of the CEO of BHEL? Let’s find out.
The eligibility criteria suggest that to work in BHEL you must have a technical background, particularly Mechanical engineering. Also, a management degree is a must have to be placed in such roles. And experience in the industry of about 25 years is preferred. The roles should be from the below-mentioned categories:
- Project implementation
- Managing the day-to-day affairs of the company.
- Have accountability to the Board of Directors and Company promoters.
- Ensure efficient functioning of the company and taking steps to achieve the corporate objectives and performance parameters.
The tenure of a CEO at BHEL is 3 years. The basic salary offered ranges from Rs 75,000 to Rs 1,00,000. Dearness allowance and an annual increment of 3% also applies. Along with that House rent allowance or accommodation by the company is also offered. Conveyance allowance and other perks offered can reach up to 46% of the basic salary. There are other benefits like Superannuation benefits, Medical benefits, Performance related payment etc. If we compare the salary offered to the CEO of BHEL, it is comparably low than companies of similar size. However, the company is not in a profitable state for the last three years and that may be one reason we feel that CEOs are offered generous compensation, no matter what.