Report of Workshop Sessions on Calculating Long Term Employee Benefits for DISCOS

The first session was held on June 6, 2016, and the second session was held on September 30, 2016. The workshop was organized by the Support for Privatization (SFP) HR & Labor team for Technical Assistants (TAs) who are working on transactions or are closely related to transactions. The workshop aimed to develop the necessary skills required by TAs to undertake assessments relating to employee long-term liabilities owned by different power distribution companies. The workshop focused on developing the skills to identify reliable sources and extract reliable information from these resources to calculate employee long-term liabilities. During the first session, participants were provided with a list of potential source documents for extracting employee-related information. The facilitator discussed the pros and cons of different sources and shared techniques on how to read different sources/statement to extract this information. Participants were divided into two groups and asked to find long-term employee benefits for a sample distribution company. The second session was mandatory for all PC employees who attended the first session. Participants were provided with hard copies of the balance sheets for different public sector distribution companies. Each individual was assigned a particular power company, and participants were required to note down the information in the relevant heads. After completion of the assignment, each participant presented their findings, and a short group discussion was held on different elements of cost of employees and possible reasons for higher cost at few distribution companies. The feedback analysis from the participants showed that the workshop was highly relevant and informative. Participants gained a lot of information and learned various techniques to read financial statements and analyze them to find hidden values. The workshop helped participants to identify reliable sources and extract reliable information from these resources to calculate employee long-term liabilities. The participants also provided feedback on what they learned from the workshop, including how to read accounts of an organization, balance sheet, and financial statements. They also identified areas where they would like to learn more in the future, such as analyzing financial statements in detail, on-service employee benefits in the government sector, and in-depth knowledge of financial statements and balance sheets. The overall rating of the workshop was high, with an average rating of 4.33 out of 5 for the first session and 3.89 out of 5 for the second session. The participants found the learning techniques used to be effective, and the information gained was useful. The workshop was successful in achieving its objectives, and participants were able to develop the necessary skills to undertake assessments relating to employee long-term liabilities. The workshop also highlighted the importance of keeping a check on employee cost and its impact on privatization. The trainer discussed certain strategies that can be considered to keep a check on employee cost. The participants were briefed about the criticalness of keeping a check on this cost and its impact on privatization. Overall, the workshop on calculating long-term employee benefits for DISCOS was a success, and it helped participants to develop the necessary skills to undertake assessments relating to employee long-term liabilities. The workshop also highlighted the importance of keeping a check on employee cost and its impact on privatization.