Salary Structure of Power Holding Company of Nigeria (PHCN)
Power Holding Company of Nigeria (PHCN) was a state-owned electricity utility company that operated in Nigeria from 1994 to 2013.
The company was responsible for the generation, transmission, and distribution of electricity in the country.
PHCN was privatized in 2013 and its assets were divided into several different companies.
Salary Structure
The salary structure of PHCN was based on a grade system, with each grade having a salary range.
The salary range for each grade was also based on the employee’s experience.
Entry-Level Salaries
The entry-level salary for PHCN employees was between N30,000 and N50,000 per month. This salary range was for employees with no experience.
Other Levels
The salary for PHCN employees at other levels was based on their experience and grade. The following is a general overview of the salary ranges for different levels of PHCN employees:
Grade 1: N50,000 to N100,000 per month
Grade 2: N100,000 to N150,000 per month
Grade 3: N150,000 to N200,000 per month
Grade 4: N200,000 to N250,000 per month
Grade 5: N250,000 to N300,000 per month
Grade 6: N300,000 to N350,000 per month
Grade 7: N350,000 to N400,000 per month
Benefits
In addition their salary, PHCN employees also received a number of benefits, including:
Health insurance
Pension contributions
Paid time off
Training and development opportunities
FAQs
What was the highest salary paid to a PHCN employee?
The highest salary paid to a PHCN employee was N5 million per month. This salary was paid to the Managing Director of the company.
What was the lowest salary paid to a PHCN employee?
The lowest salary paid to a PHCN employee was N30,000 per month. This salary was paid to entry-level employees with no experience.
What factors were considered when determining the salary of a PHCN employee?
The salary of a PHCN employee was based on a number of factors, including:
Experience
Grade
Position
Qualifications
What were the benefits of working for PHCN?
In addition to their salary, PHCN employees also received a number of benefits, including:
Health insurance
Pension contributions
Paid time off
Training and development opportunities
