Work Life Balance Initiative for LIC Employees

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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