MBA Project Report On HR1
MBA Project Report On HR1
ON
Topic
“HR POLICIES AND ITS IMPLEMENTATION”
AT
“DEEPAK NITRITE LIMITED”
Submitted By
Name of Student – Shankar Lal
Roll No. – 0243MB22M141
Department of Management
Mekalsuta College of Management (M.P.)
2023-24
1
PREFACE
2
ACKNOWLEDGEMENT
3
DECLARATION
I, Shakar Lal, hereby declare that all the information furnished in this
PROJECT, is my original work containing authentic facts. This piece of work is Only
being submitted to Mekalsuta College Management of Dindori in the partial
fulfillment for the degree of Post Graduation Diploma in Business Management.
4
Company Profile
5
Tableof Contents
1 Introduction
AboutTheOrganization 7
AboutTheTopic 24
ObjectiveandScopeofStudy 28
2 ResearchMethodology
30
MethodsofDataCollection 31
32
2.2 Sampling
2.3HypothesisandAboutQuestionnaire
3 HRPoliciesinDeepakNitriteLtd. 33
4 DataAnalysisandInterpretation 44
5 Conclusions 64
6 SuggestionsandRecommendations 65
7 Bibliography
6
EXECUTIVESUMMARY
My internship at Deepak Nitrite Limited, Pune was a great exposure to the
industry. After going through my summer training, I had a firsthand experience
of how an industry as well as HR department functions.
INTRODUCTIONOFPROJECT
This project is about the HR Policies in Deepak Nitrite Limited. The HR
Policies inanorganization helps every individualto raise his/her potential in all
facets by helping him to be satisfied and secured about his present and future.
PROJECT TITLE
Thetitleofthe project is“HR Policies and Its Implementation in Deepak Nitrite
Limited”. As the name indicates it is the study of the HR Policies prevalent in
the organization.
ORGANISATION
Deepak Nitrite began with a vision to support the country’s drive towards self
sufficiency and import substitution in 1970. What began as a fully indigenous
sodium nitrite and sodium nitrate plant in Nandesari, Gujarat, has now grown
into a globally proactive company with a presence in over 20 countries ,
including USA, European Union & East European nations, Japan, ASEAN
countries, South Korea and South America. This has led to a paradigm shift
from low value bulk chemicals and intermediates to high value fine and
specialty chemicals based on our core expertise as well as lateral and vertical
integration of our existing products, exploring downstream derivatives.
With a strong focus on customer satisfaction, the company has set up Custom
Manufacturing services to meet specific needs of end users. Our capabilities
extend to the manufacture of high-value, specialty products either based on our
own end products or developed especially for our users.
DNL has been ranked amongst the top 500 Body corporate by Dun and
Bradstreet for the last three years.
7
INTRODUCTION
8
ABOUTTHE ORGANIZATION
Deepak Nitrite began with a vision to support the country’s drive towards self
sufficiency and import substitution in 1970. What began as a fully indigenous
sodium nitrite and sodium nitrate plant in Nandesari, Gujarat, has now grown
into a globally proactive company with a presence in over 20 countries ,
including USA, European Union & East European nations, Japan, ASEAN
countries, South Korea and South America. This has led to a paradigm shift
from low value bulk chemicals and intermediates to high value fine and
specialty chemicals based on our core expertise as well as lateral and vertical
integration of our existing products, exploring downstream derivatives.
With a strong focus on customer satisfaction, the company has set up Custom
Manufacturing services to meet specific needs of end users. Our capabilities
extend to the manufacture of high-value, specialty products either based on our
own end products or developed especially for our users.
DNL has been ranked amongst the top 500 Body corporates by Dun and
Bradstreet for the last three years.
9
VISION&MISSION
The purpose of all human activity is to make life better. DNL believes in
improving life through innovative science. Through innovations, we constantly
endeavor to bring better products and processes that bring greater value to
society
CorePurpose
Vision
o Wearearolemodelenterprise,respectedgloballyforexcellenceinquality and
innovation
o We enhance stakeholder value while adhering to the code of responsible
care and ethical values
o Weareanemployerofchoiceandpreferredbusinesspartnerworldwide
CorporateValues
Respect for Life: the company believes that life in all its forms must be
respected. We respect and value our people. Our employees are our value
creators whose efforts, creativity and bond we cherish. Our customers, who
reward us for our value creation and our stakeholders, who are committed to us
in our endeavor to improve life. We also recognize and respect our environment
and take every effort to preserve it.
10
VALUE STATEMENT
Integrity Weareopen,ethical,transparent&uncomprisinginourwork.
Setagoal,analyzethefactsandworkonalternativesandconclude
Decisiveness
them in fixed time frame.
Commitment Wekeepallpromisesmadewithinandoutsidethecompany.
11
QUALITYANDENVIORNMENT
The commitment towards this is apparent from the fact that DNL has a total
manpower of 85 persons supporting the Quality and Technical functions at its
various manufacturing facilities.
All its products are manufactured in accordance with the current acceptable
world standards. All its manufacturing facilities have been upgradedconforming
to the current ISO: 9001:2000 standard, from the earlier ISO: 9002:1994
standard, and are now certified by KPMG for ISO: 9001:2000 standard..
Themajorenvironmentalissuesaddressedare:
12
FACILITIES
DeepakNitrite Limited has five manufacturingfacilities atdifferent locations in
the Western part of India that have a logistic advantage being within six hours
from a major port.
Each of the facilities has DCS controlled operations. The company's main
strengths are Nitration, Chlorination and Hydrogenation.
The company also has the technical capabilities to carry out the following
reactions at its plants.
1. AlkaliFusion-HighTemperatureFusionReactions
2. Alkylation–Hydrogenation
3. Amination–Nitration
4. Chloronation-0xidativeBromination
5. Diazotisation-Reductivealkylation
6. Esterification–Sulphonation
7. Acylation-HighPressure/TemperatureOxidations
Each manufacturing facility has a proper ETP to ensure that the COD and BOD
levels of the discharge are maintained as per the prescribed standards set by the
Pollution Control Boards.
13
RESEARCHANDDEVELOPMENT
At Deepak Nitrite, R&D is the key to survival and growth, given that a fast
paced global environment results in ever changing customer needs and new
products and processes drain away competitiveness.
From mere quality issues, Deepak Nitrite has now moved into the field of
customized chemicals, newer technologies, expanding applications that satisfy
customers.
To that end we have a central R&D facility, the Deepak Research &
Development Centre (DRDC) at Pune that has been approved by the
Government of India., Dept. of Science & Technology. DRDC has a
sophisticated analytical laboratory and facilities for testing new technologiesand
new products.
14
BOARDOF DIRECTORS
ShriC.K.Mehta,Chairman
ShriDeepakC.Mehta,ViceChairman&ManagingDirector
ShriAjayC.Mehta,ManagingDirector
ShriShrenikKasturbhai
ShriM. R. B.Punja
ShriA.K.Dasgupta
15
ShriHasmukhShah
ShriNimeshKampani
ShriSudhinChoksey
16
ShriBergisDesai
Shri Berjis Desai is a Solicitor and a Managing Partner of M/s. J. Sagar &
Associates, a renowned firm of Solicitors & Advocates. He has extensive
experience as an arbitrator and counsel in the field of Corporate Laws and also
in international commercial & domestic arbitration. He has also worked as a
journalist with a leading Indian daily and continues to be a columnist in the
Indian newspapers. He is a member of American Arbitration Association, The
Bombay Incorporated Law Society and an Arbitrator at The London Court of
International Arbitration
Dr.RichardH. Rupp
ShriSudhirMankad
Shri Sudhir Mankad has done MA in History from Delhi University and
Diploma in Development Studies from Cambridge University. He was in the
Indian Administrative Services (IAS) from 1971 to 2007. He has held various
importantpositions inGovernmentofIndia including varioustoplevelpositions
inGovernment ofGujarat as PrincipalSecretary, Finance Department, Principal
Secretary, Education Department, MD Gujarat Alkalis and Chemicals Ltd.,Joint
MD, Gujarat Industrial Investment Corporation, and Director of Higher
Education. He had also been the Chairman of Gujarat Industrial Power
Company Ltd. and Gujarat Maritime Board (GMB) in past.
17
ACHIEVEMENTS
DNL has many a firsts to its credit and these have been earned through its
constant endeavour for identification of products that are required by the end
userindustries.DNL'sR&Dcentre inPune aimstoprovidespecializedproducts that
add value and enhance every aspect of life.
Mentionedherearesomeofthecompany'sachievements:
o SirP.C.RAYAwardforthe BestChemicalManufacturingUnitinIndia
o Awarded the "EXPORT HOUSE" status by the Govt. of India in 1998and
is in force till date.
o The Federation of Indian Chambers of Commerce and Industry (FICCI)
award was presented, by the then Prime Minister of India, Mr. I. K.
Gujral, to the then Vice-Chairman of DNL Mr. C. K. Mehta 1997-98.
o The company won the Certificate of Merit, at the "ENVIROTECH '93",
for sustainable development for adopting environment friendly practices
'in house' for the treatment and disposal of the effluent generated at its
various manufacturing facilities, from the CHEMTECH Foundation,
India. The company is one of the first to display the figures of the
pollution emitted at the gate of each of its manufacturing facilities on a
daily basis.
18
MILESTONES
In a short span of 30 years DNL has steadily climbed the steps of excellenceand
is continuing in its efforts to reach the top and be the best. Mentioned here are
some of its milestones:
Beyond2000DiversificationandConsolidationinrelatedproduct areas
AcquiredAryanPestocidesLtd,DASDAbusinessof Vasant
Chemicals Ltd.
1996 Catalytic Hydrogenation plant commissioned
1993 MeritCertificatefromCHEMTECHFoundation
1991 Nitro Aromatics plant commissioned
1984 DNLacquiresDyestuffandIntermediates Unit
1982 DNLPromotesDeepakFertilizers&Petrochem.Ltd.
1974 P.C. Rayaward
1972 SodiumNitritePlantcommissioned
1971 DNLwent Public
1970 DNLPromoted
19
DNLPRODUCTRANGE
With years of expertise, a track record of innovation and indigenous
development, Deepak Nitrite produces a spectrum of chemicals. We cater to a
widerangeofindustries includingColourants, Agrochemicals,Pharmaceuticals,
Rubber, Speciality & Fine chemicals and have the world’s largest chemical
companies as our customers.
Deepak Nitrite is the world leader in 2, 4 Xylidine and 2, 6 Xylidine and the
second largest producer of DASDA.We also manufacture a wide range of
intermediates for use in industrial explosives, paints, cosmetics, lubricants,
polymers, optical brighteners, photographic chemicals, petroleum additives,
specialty fibres and water treatment chemicals.
ClickheretoviewtheDNL"ChemistryofGrowth"chart.
Productsmanufacturedaretailormadeaspertheneedsandspecific requirements of
the customer.
Inorganic&PerformanceChemicals
CASReg.
PRODUCT SYNONYM
No.
SodiumNitrite Filmerine,Erinitrit [7632-00-0]
20
DNSDA 4,4Dinitrostilbene2,2Disulphonic Acid [3709-43-1]
DEMAPCrstalline N,N-Diethyl-m-aminophenol [91-68-9]
DEMAPKetoAcids 4-(Diethylamino)salicylaldehyde [17754-90-4]
Acetaldehydeoxime Acetaldoxime [107-29-9]
OrganicChemicals
21
Oxybenzone,2hydroxy-4-
Benzophenone-3 [131-57-7]
methoxybenzophenone
Benzotriazole 1,2,3-Benzotriazole, 1H-Benzotriazole [95-14-7]
Beta-Resorcylicacid 2,4-DihydroxybenzoicAcid [89-86-1]
6-Amino-m-toluenesulfonicacid,
4B acid [88-44-8]
6-Amino-3-toluenesulphonicacid
Blue3G Nitrate salt [73570-52-2]
Zincsalt [33203-82-6]
Benzene-1,3-disulphonicaciddisodiumsalt,
BDSA-DSS [831-59-4]
Benzene-m-disulphonic acid disodium salt
DHBP 2,4-Dihydroxybenzophenone [131-56-6]
DMMAP Dimethyl-m-aminophenol, [99-07-0]
3-Dimethylaminophenol
GC(Guanidine carbonate) Guanidiniumcarbonate [593-85-1]
Hydroxylamine free base HA Base [7803-49-8]
Hydroxylamine HCl HAHCl, Hydroxylamine hydrochloride [5470-11-1]
Hydroxylamine sulphate HAS, Oxammonium sulphate [10039-54-0]
HAOSA Hydroxylamine O-Sulphonic Acid [2950-43-8]
InkBlue AcidBlue93,Anilineblue [66687-07-8]
MAP m-Aminophenol,3-Aminophenol [591-27-5]
MCA m-Chloroaniline,3--Chloroaniline [108-42-9]
MEHQ MonomethyletherofHydroquinone [150-76-5]
MEKO Methylethylketoxime,MEKOxime [96-29-7]
MIBKO Methylisobutylketoxime,MIBKoxime [96-29-7]
N-O-Alkylated
N,O-Alkylated-HA
Hydroxylamines
N-AlkylatedAminophenols N-Alkylated-MAP
NEMT N-Ethyl-m-toluidine,N-Ethyl-3-toluidine [102-27-2]
NEOT N-Ethy-o-toluidine,N-Ethyl-2-toluidine [94-68-8]
OA o-Anisidine,2-Anisidine [90-04-0]
o-Nitroanisole 2-Methoxynitrobenzene [91-23-6]
O Toluidine 5 Sulfonic Acid O Toluidine 5 Sulfonic Acid [98-33-9]
OPDA o-Phenylenediamine,2-Phenylenediamine [95-54-5]
OCA o-Chloroaniliner,2-Chloroaniline [95-51-2]
PCA p-Chloroaniline,4-Chloroaniline [106-47-8]
PANA Phenyl-alpha-naphthylamine [90-30-2]
Pararosanilinehydrochloride BasicRed 9,C.I.42500 [569-61-9]
RhodamineB Base SolventRed49 [509-34-2]
MBA m-BromoAnisole [2398-27-0]
22
PBA p-Bromo Anisole [104-92-7]
2,5DCA 2,5DichloroAniline(2,5DCA) [95-82-9]
3,4DCA 3,4DichloroAniline [95-76-1]
3,3DCBH 3,3DichloroBenzidineHydrochloride [612-83-9]
2ChloroP.Phenylene
2Chloro P.PhenyleneDiamine [6219-71-2]
Diamine
4 NADAPSA 4Nitro 4Aminophenylamine2Sulfonic Acid[91-29-2]
Substituted keto acids
MixXylidine
Regularlypurchaseditems:
o AlphaNaphthylAmine o Formaldehyde
o Ammonia o Hexamine
o AmmoniumNitrate o Hydrogen
o Aniline Oil o MetanallicAcid
o Benzene o Meta Cresol
o CausticPotash o Meta Xylene
o CausticSoda Lye o Methanol
o CausticSoda Flakes o PotassiumCarbonate
o Chlorine o SulphuricAcid
o ConcentratedNitricacid o SulphurDioxide
o Cumene o SulphurTrioxide
o DiluteNitric acid o Toluene
o EthylChloride o Urea
23
STRUCTUREOFHRDEPARTMENT
NITIN V ASALKAR
SR.MANAGERHR&
ADMINISTRATION
24
ABOUTTHETOPIC
HUMAN RESOURCE POLICIES
Human Resource Policies refers to principles and rules of conduct which
“formulate, redefine, break into details and decide a number of actions” that
govern the relationship with employees in the attainment of the organization
objectives.
HRPoliciescoverthe following:
25
FORMULATINGPOLICIES
Therearefiveprincipalsourcesfordeterminingthecontentandmeaningof policies:
1. Pastpracticeintheorganization.
2. Prevailingpracticeinrivalcompanies.
4. Attitudesandphilosophyofmiddleandlowermanagement.
26
BENEFITSOFHRPOLICIES
Organizations should have personnel policies as they ensure the following
benefits:
a. The work involved in formulating policies requires that the management
give deep thought to the basic needs of both the organization and the
employees. The management must examine its basic convictions as well
as give full consideration to the prevailing practices in otherorganizations.
b. Established policies ensure consistent treatment of all personnel
throughout the organization. Favoritism and discrimination are, thereby,
minimized.
c. Continuity of action is assured even though top management personnel
change. The CEO of a company may possess a very sound personnel
management philosophy. He/she may carry the policies of the
organization in his/her head, and he she may apply them in an entirelyfair
manner. But what happens when he/she retires? The tenure of office
ofnay manager is finite. But the organizationcontinues. Policies promote
stability.
d. Policies serve as a standard of performance. Actual results can be
compared with the policy to determine how well the members of the
organization are living upto the professional intentions.
e. Sound policies help build employee motivation and loyalty. This is
especially true where the policies reflect established principles of
fairplayandjusticeandwheretheyhelppeople growwithintheorganization.
f. Sound policies help resolve intrapersonal, interpersonal and intergroup
conflicts.
27
PRINCIPLESOFHRPOLICY
2. Principle of scientific selection to select the right person for the rightjob.
6. Principleofincentivetorecognizeandrewardgoodperformance.
7. Principle of dignity of labour to treat every job and every job holder
with dignity and respect.
28
OBJECTIVESOFSTUDY
1. TostudytheHRPoliciesofthecompany.
2. TostudytheamendmentsmadeintheHRPoliciesofDeepaknitriteLtd. since the
time of incorporation.
3. Toincorporatetheamendmentsinthebasepolicyandprepareafinalpolicy.
4. Todesigna HRPolicymanualforthecompanywithspecialemphasis onthe
“Managerial Service Conditions”.
SCOPEOFSTUDY
1. In any organization human resource is the most important asset. In
today’s current scenario, Deepak Nitrite Ltd. is a very large manufacturer
and marketer of chemical.
2. As mostofthecompany’soverallperformancedependsonitsemployee’s
performance which depends largely on the HR POLICIES of the
organization.
3. So the project has wide scope to help the company to perform well in
today’s global competition.
4. The core of the project lies in analyzing and assessing the organization
and to design an HR POLICY manual for the organization.
29
RESEARCHMETHODOLOGY
30
RESEARCHMETHODOLOGY
1. METHODOFDATACOLLECTION
The researcher has chosen the questionnaire methods of data collection due to
limited time in hand. While designing data-collection procedure, adequate
safeguards against bias and unreliability must be ensured. Researcher has
examined the collected data for completeness, comprehensibility, consistently
and reliability.
Researcher has also gathered secondary data which have already been collected
and analyzed by someone else. He got various information from journals,
historical documents, magazines and reports prepared by the other researchers.
For the present piece of research the investigator has used the following
methods:
Questionnaire
Interview
Observation
2. SAMPLESIZE
Here,researcherhastaken30asthesamplesize.
3. HYPOTHESISOFPROJECT
4. ABOUTTHEQUESTIONNAIRE
31
HR POLICIES
INDEEPAKNITRITE
LIMITED
32
OBJECTIVES
Contributetowardshealthandwelfareofemployees.
MANAGEMENTREVIEW:
Management review meeting is held every six months at the Group Review.
Meet is conducted from time to time to ensure the suitability, adequacy and
effectiveness of the HR Policies.
33
CORRECTIVEACTIONFORNONCONFORMANCE:
DOCUMENTANDDATACONTROL:
ThevariousproceduresthatformtheHRPolicyoftheOrganizationare:
1. Recruitmentandselectionofmanpower
2. InductionandPlacement
3. Job Rotation
4. Performanceappraisal
5. Counseling
6. CareerPlanning
7. Successionplanning
8. EmployeetrainingandDevelopment
9. HumanResourceInformationManagementSystem
10. RetirementPlanning
11. Job Enrichment
12. ExitInterviews
A brief preview ofthe above mentioned policies and the various objectives that
these policies aim to achieve are given in the subsequent chapters.
34
1. RECRUITMENTPOLICY
2. INDUCTIONANDPLACEMENTPOLICY
3. JOBROTATIONPOLICY
35
4. PERFORMANCEAPPRAISALPOLICY
5. COUNSELLING
Toenhanceemployees’competenceandjobsatisfaction.
Toprepareemployeesforfutureresponsibilities.
Toestablishabetterworkingrelationshipbetweenthesuperiorand
subordinate.
Toenableemployeestocopewithpersonalproblems.
6. CAREERPLANNINGPOLICY
a. Theorganization’slongandshorttermplans.
b. Manpowerskillsrequiredtowardsimplementingtheseplans.
c. Attrition rate of people with high potential, above average and
average caliber.
d. Recruitment through internal and external sources at all
levelsand its ratio as appropriate to the organization.
e. Thenumberofpeoplerecruitedandtrainedeveryyear.
36
7. SUCCESSIONPLANNINGPOLICY
8. TRAININGANDDEVELOPMENTPOLICY
9. HUMANRESOURCEINFORMATIONMANAGEMENTSYSTEM
HumanResourceInformationManagementSystems(HRIMS) aims
at:
a. Providing accurate information about employees to
management for decision making.
b. Eliminatingduplicationofefforts.
c. Offering quick and easy access to human resource information
at random as well as in regular report form.
37
10. RETIREMENTPLANNING
11. JOBENRICHMENT
12. EXITINTERVIEWS
1. ProvidentFund
2. Gratuity
3. PrivilegeLeave
4. SuperannuationScheme
5. MedicalReimbursement&Hospitalization
6. DentalPolicy
7. GroupAccidentInsuranceScheme
8. HousingLoanScheme
9. VehicleLoanScheme
10. PhonePolicy
11. LeaveTravelAssistance(LTA)
12. LocalConveyanceRules
13. TransferPolicy
14. HRRPolicyforAreaOfficeManagers
38
15. CanteenService
16. CashPayments&AdvanceSettlements
17. PerformanceExcellenceScheme
18. PerformanceexcellenceForm
19. ParivarSurakshaYojna
20. PolicyforGetTogetherofEmployees
21. NoticePeriodforManagerialEmployees
22. ConveyanceReimbursementforInterviewCandidates
23. CarPolicy
24. PostRetrialBenefits
25. InlandTravelRules
26. ForeignTravelRules
27. ApplicationforHousingLoan
28. ApplicationforCarLoan
29. Applicationfor2-wheeler Loan
30. Applicationfor2-wheeler(wards)Loan
39
DATA ANALYSIS
AND
INTERPRETATION
40
A. RECRUITMENTANDSELECTION
organization.
Externalrecruitmentsources
18%
agree
disagree
82%
41
2. Are yousatisfiedwiththe monetaryreward givenonbringingacandidate on
board?
Monetaryreward
26%
agree
disagree
74%
42
3. Areyousatisfiedwiththebackgroundchecksconductforemployees.
Backgroudchecks
22%
Agree
Disagree
78%
43
4. Are yousatisfiedwiththemonetarylimitsgiventoyoufortheexpenses?
Expenses
21%
Agree
Disagree
79%
44
B. INDUCTION
1. Theinductionprogrammeofyourorganizationisinformaltype.
Inductionprogramme
18%
Agree
Disagree
82%
45
2. Theinductionofyourorganizationcoversorganizational
structure and policies.
Induction
10%
Agree
Disagree
90%
46
C. TRAININGANDDEVELPOMENT
a. ForEmployeeperformanceisthetrainingneedanalyzedinyour
organization
Employeeperformance
24%
Agree
Disagree
76%
47
b. AreyousatisfiedwiththeClassroommethodadoptedbyyourorganization
to train the employees?
Classroommethod
27%
Agree
Disagree
73%
48
c. Effectivenessoftrainingprogramin your Organization isevaluatedby
observing the post training performance of employees.
EffectivenessofTrainingprogram
32%
Agree
Disagree
68%
49
D. PERFORMANCEAPPRAISAL
1. AreyousatisfiedwiththeBalancedScorecard method?
Balancescorecardmethod
8%
Agree
Disagree
92%
50
2. Areyousatisfiedwiththefeedbackgiventoyoubyorganization?
Feedback
28%
Agree
Disagree
72%
51
E. CAREERPROGRESSION
Mentorsystem
16%
Agree
Disagree
84%
52
e. Areyousatisfiedwiththecompetenceanalysisandfeedbackfrom
manager?
Competenceanalysisandfeedback
22%
Agree
Disagree
78%
53
F. LEAVEPOLICY
1. Areyousatisfiedwiththeprivilege leaveprovidedtoyou?
Privilegeleave
17%
Agree
Disagree
83%
INTERPRETATION:Regardingprivilegeleaveprovidedtoemployees,83%
ofthe employees are satisfied whereas 17% ofthe employees are not satisfied.
54
G. COMMUNICATIONANDDECISIONMAKINGPROCESS
1. Areyousatisfiedwiththeinformalcommunicationpattern?
Informalcommunicationpattern
13%
Agree
Disagree
87%
55
2. AreyousatisfiedwiththeopinionsurveyandDepartmentmeeting?
OpinionsurveyandDepartmentmeeting
24%
Agree
Disagree
76%
INTERPRETATION:Regardingopinionsurveyanddepartmentmeeting,76% of
the employees are satisfied and 24% of the employees are not satisfied.
56
H. REWARDSANDRECOGNITION
1. Areyousatisfiedwiththemonetaryrewards?
MonetaryRewards
33%
Agree
Disagree
67%
INTERPRETATION:Regarding monetaryrewards,67%oftheemployeesare
satisfied whereas 33% of the employees are not satisfied. It means that some of
the employees want to implement non-monetary rewards in the organization.
57
I. PERSONALACCIDENTINSURANCEPOLICY
1. AreyousatisfiedwithcontingenciescoverunderPersonalAccident
Insurance policy?
Contingencies
24%
Agree
Disagree
76%
58
J. MEDICLAIMPOLICY
1. AreyousatisfiedwiththeservicescoveredunderMediclaimpolicy?
Services
11%
Agree
Disagree
89%
INTERPRETATION:RegardingservicesprovidedunderMediclaimpolicy, 89%
of the employees are satisfied and 11% of the employees are not satisfied.
59
CONCLUSION
Studyshowsthat
1. The Policy of the company provides facilities for all round growth of
individuals by training in-house and outside the organization,
reorientation, lateral mobility and self-development through self-
motivation.
2. The Policy grooms every individual to realize his potential in all facets
while contributing to attain higher organizational and personal goals.
3. The Policy builds teams and foster team-work as the primary instrument
in all activities.
4. The Policy implements equitable, scientific and objective system of
rewards, incentives and control.
5. The Policy recognizes worth contributions in time and appropriately, soas
to maintain a high level of employee motivation and morale.
6. Theemployees agreeonthepartoftheirperformancethattheyknow what
is expected from them.
7. Theemployeesunderstandhowtheirworkgoalsrelatetocompany’s
goals.
8. Companyinspirestheemployees todotheirbestworkeveryday.
9. Theemployeesarenotsatisfiedwiththecommunicationanddecision-
making process as it leaks the information related to organization.
10. Theemployeesdonotreceivetheappropriate recognitionandrewards for
their contributions and accomplishments.
11. Theemployees feelthattheyarenotpaid fairlyforthecontributionsthey make
to company’s success.
60
SUGGESTIONS&RECOMMENDATIONS
61
BIBLIOGRAPHY
Books:
“Human Resource Management” by Ashwathapa.
“HumanResourceManagement”byMichaelArmstrong.
“HumanResourcePolicyAnalysis:OrganizationalApplications” byRichardJ.Niehaus.
Journals&Articles:
1. ArticlesbyT.V.RaoLearningSystems.
2. PoliciesofDeepakNitriteLtd.
3. DocumentsofDeepakNitriteLtd.
Websites:
www.deepaknitrite.comwww.
citehr.comwww.ask.comwww
.wikipedia.comwww.hrgroup.
comwww.ppspublishers.com
www.scribd.com
www.tvrls.com
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