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Cochin Shipyard Limited (CSL), a premier shipbuilding and maintenance company in India, offers an attractive career opportunity for aspirants through the position of Executive Trainee. For those seeking a challenging and rewarding role in the maritime industry, understanding the salary structure and job responsibilities is essential. Here’s a comprehensive overview of the salary and job profile for Cochin Shipyard Executive Trainees.
Salary Structure for Cochin Shipyard Executive Trainee Post
The candidates selected for Cochin Shipyard Executive Trainee post get a handsome salary. There are some allowances granted for the post, these are detailed below for your reference. However, the exact amount of the allowances are yet to be confirmed.
| Salary Structure |
| Basic pay |
| DA (at present 23.2%) |
| HRA (at Kochi 16%) |
| Perks & Allowances (35%) |
| Medical Insurance |
| Accident Insurance |
| Performance Payment |
| Provident Fund |
| Subsidized Bills |
| Daily Allowance |
Cochin Shipyard Executive Trainee Salary Structure 2025
The salary package for Executive Trainees at Cochin Shipyard is competitive and includes various allowances and benefits, making it a lucrative choice for many young professionals.
- Basic Pay: Executive Trainees are placed in the E-1 grade, with a starting basic pay of ₹40,000 per month.
- Allowances:
- Dearness Allowance (DA): As per government norms, DA is periodically revised to align with inflation.
- House Rent Allowance (HRA): Depending on the city of posting, HRA can vary between 24%, 16%, or 8% of the basic pay.
- Other Perks: CSL offers additional benefits such as medical insurance, transport allowances, and special pay components.
- Cost to Company (CTC): The approximate CTC for an Executive Trainee is around ₹10-12 lakhs per annum, inclusive of all allowances and benefits.
- Performance-Linked Incentives: Additional bonuses and incentives may be provided based on individual and company performance.
Cochin Shipyard Executive Trainee Job Profile 2025
The role of an Executive Trainee at Cochin Shipyard is diverse and dynamic, offering opportunities to gain hands-on experience in the maritime industry. The responsibilities and training are designed to develop the skills needed for future leadership roles.
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Cochin Shipyard Executive Trainee Perks and Additional Benefits
1: Between the period of 1858-1947, how many Viceroys ruled over India?
Most candidates want a profession within the public sector because of the activity security in addition to the many perks and benefits. During the schooling duration at CSL, the executive trainees on additional time training gets a perk of Rs. 3000/- in line with month. After the education duration, there are several advantages that one can revel in. The following are a number of the benefits:
- Pension benefits
- National Pension Scheme (NPS)
- Contributory Provident Fund Scheme
- Accident Insurance coverage
- Leave Encashment
- Compensation of Medical expenses under the Contributory Medical Insurance policy
- Performance Payment
- Job training
- Fixed personal pay
- Professional development
- Other allowances, etc as mentioned in the rules of the company.
Cochin Shipyard Executive Trainee Salary 2024: Compensation & Benefits
Training Period
- Selected candidates for the position of Executive Trainee will undergo one year of training, during which they will receive a consolidated monthly stipend of ₹50,000.
- In addition, candidates may receive allowances for extended training hours on closed holidays, capped at an additional stipend of ₹3,000 per month.
Upon Completion of Training
- After successfully completing the training period, Executive Trainees will be considered for appointment as Assistant Manager (E-1 Grade) in the pay scale of ₹40,000 – 3% – ₹1,40,000, with pay fixed at the minimum scale.
- The monthly emoluments post-training are as follows:
Wage Type Monthly Amount (₹) Basic Pay 40,000 Dearness Allowance (47.7%) 19,080 House Rent Allowance (18%) 7,200 Perks & Allowances (35%) 14,000 Total Monthly Emoluments 80,280 - The approximate Annual CTC at the minimum of the E1 scale is ₹14 lakhs, inclusive of the following benefits:
- Industrial Dearness Allowance (IDA)
- House Rent Allowance (HRA)
- Perks & Allowances (up to 35% of Basic Pay)
- Other Benefits, including:
- New Pension Scheme (NPS)
- Contributory Provident Fund
- Accident Insurance Coverage
- Leave Encashment
- Medical Reimbursement under Contributory Medical Insurance
- Performance Payments
Why Choose Cochin Shipyard?
- Job Security: Being a public sector undertaking, CSL offers excellent job stability.
- Work Environment: The organization fosters a culture of innovation, teamwork, and professional growth.
- National Importance: Working at CSL allows individuals to contribute to India’s maritime and defense sectors.
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