The Privatisation and Corporatisation Board (PCB) has initiated revisions to the human resources (HR) guidelines for state-owned enterprises (SOEs) to ensure that only qualified employees are hired.
The PCB began a series of working meetings to amend the HR guidelines on August 25, with another session scheduled for August 29. The meetings are attended by representatives from SOEs, who are providing input and suggestions for the new guidelines.
The PCB said that the updated HR guidelines will prevent overstaffing and stop wasteful spending, as well as eliminate practices that lead to corruption in recruitment and salary payments. In addition, the new guidelines will ensure that employees are both educated and experienced.
The PCB assures that the revised guidelines will align with the standards of an effective HR system, detailing procedures, committee roles, salary structures, and administrative frameworks.