Salary&Wages

8/13/2019 Salary&Wages

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CONTENTS

CHAPTER 1

Introduction

Need for the study

Scope of the study

Objectives of the study

Methodology of the study

Limitations of the study

CHAPTER 2

Industrial profile

CHAPTER 3

Company profile

CHAPTER 4

Theoretical Frame or!

CHAPTER 5

"ata analysis and Interpretation

CHAPTER 6

Findings and suggestions

Questionnaire


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WAGE AND SALARY ADMINISTRATION

Bibliora!"#

C#$%T&'(I

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$NTRO%&CT$ON

$ age is a remuneration paid) for the service of labour in production)

periodically to an employee age usually refer to the hourly paid to such

groups as production and maintenance of employees * on the other hand)

salary normally refer to the ee!ly or monthly rates paid to clerically )

administrative and professional employees*

It includes hat areas as job evaluation) surveys of age and salaries)

analysis of relevant organi+ational problems) development and maintenance

of age structure* ,age payment) incentives) profit sharing) controlling of

compensation costs and other related items*

The age and salary administration is to establish and maintain and

e-uitable age and salary structure* The age and salary administration is

concerned ith the financial aspects of needs) motivation and reards*

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NEE% 'OR THE ST&%(

The provision of age and salaries beyond the statutory re-uirement

can ma!e the employees feel that they are concerned by the management*

This positive feeling can help to dra a better comment and co(ordination

from them*

,ages and salaries contribute to economic development by modeling

or!ers into a productive) efficient and committed labour force* It is an

important factor for industrial relations* ,age and salary administration

must ell planned and organi+ed by -ualified leadership aimed at meting

minimum needs of the employees* So) in a long ay promoting sound

industrial relations and building up a strong national economy*

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SCOPE O' THE ST&%(

The study as made on age and salary administration in the $ndhra

%radesh paper mills limited . includes statutory measures covers payment of ages

act /012) minimum ages act /034) employees state insurance act /034) and

employees provident fund act /056) non(statuary measures cover att endance

alloance) night alloance) job evaluation techni-ues) e-uitable ages) policies

and practices of age and salary administration*

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OB)ECT$*ES

/* To revie hether age and salary are perfectly administrated in the

organi+ation*

6* To !no the various benefits provided to the employees in the organi+ation*

1* To study the formulation of age policies in the organi+ation*

3* To !no that the e-uitable ages and salaries are provided to the employees

in the organi+ation*

5* To study ho job evaluation techni-ues are folloed in the organi+ation*

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+ETHO%O,O-(

"ata is collected through primary data and secondary data*

%'IM$'7 "$T$

%rimary data is the data) hich is collected for the first time by investigator

through -uestionnaire and intervies for the management of the $ndhra %radesh

paper mills limited * 8y using various departments and observing employees and

their attitude toards the ages and salaries provided by the organi+ation*

%'OC&SS OF 9$T#&'IN9 INFO'M$TION

:uestionnaire as prepared according to the needs and priorities of the company*

This -uestionnaire has to collect all the information regarding the -uestions*

The survey has to be conducted on this) hich consists of sample si+e of 5;

employees ithin the T#& $N"#'$ %$%&' MILL*

,hile surveying the opinions of the people are ta!en into records*

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S&CON"$'7 "$T$

Secondary data is the data) hich is already collected by some persons) internet)

journals etc*

Through simple random sampling of the primary data) there is no e-ual chance of

including each and every employee of the organi+ation* The sample si+e is 5;

here in there and e-ual chance of each and every employee o e


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,$+$TAT$ONS

/* The project as made only for 35 days and as the time as very less it as

not possible to conduct a in depth study*

6* The sample si+e) hich I had preferred) as only 5;* This may not represent

the hole class of the employees*

1* $ number of biases may creep into the study because of the employee=s

uncertainity about their on*

3* >ie due to tension) an


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C#$%T&'(IIIN"?ST'I$L %'OFIL&

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$NTRO%&CT$ON

$ Country=s civili+ation mostly depends upon its paper consumption* First e

have to !no) in brief about the introduction and establishment of paper in the

orld and its introduction in India* $gain its essentials to !no about the

development and progress of paper industry in our country as ell as in our state*

The ord paper is adopted from the @,$T&' %L$NTA called

@%$%7'?SA) hich used to gro around @NIL& 'I>&'A) &gypt* The &gyptiansused @%$%7'?SA plant after cutting and drying it* SINC& 1;;; 8*C* it as said

that @T*B$ML?M C#$IN&A had prepared paper at the ban! of the @M?L8&''7

T'&&A in /;5$*"*

In 5/ $*"* the @$'8$SA imported the !noledge of paper ma!ing ith

the help of @C#IN&&S&A* Later the art of paper ma!ing as spreaded to &urope

and central countries of the orld* It as highly populari+ed by the

@8O,""$'DA especially by the @"OSDO MONDA throughout the orld*

The @%$%7'?SA is the -uote plant hich gro in abundance in a plant

ere oven and pressed into a sheet be used as riting material by the ancient

&gyptians the evidence of %$%7'?S having been used as riting material can be

found* &ven no in some of the &uropean libraries are preserving old manuscripts*

In ancient days for riting purpose @8OB$ %$T'$A Ebar! of trees) T$L$

%$T'$ Eleaves of palm) T$M$'$ %$T'$ Ecopper plates and LO#$ %$T'$

etc*) ere used time paned as and the need for riting surface hich is convenient

of a easily available*

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DEFINTION:

Paper may be defines as a mat of e!!"!ose fibers arran#ed in

risis ross fas$ion %it$ $ydro#en bond or ot$er fores& T$e basi

"nit of paper is e!!"!ose fiber&

MEANS OF WRITING IN OLDEN DAYS

In ear!y days of man'ind man "sed opper p!ates( Tamra Patras(

papyr"s et for reordin# $is t$o"#$ts&

ORIGIN OF PAPER:

T$e first s$eet of paper %as reated in $ina by t sai !"n( a o"rtoffiia! in )ndent"ry *&+ by "sin# m"!berry and ot$er baste fiber

a!on# %it$ ra#s and $"m %aste& T$en it #rad"a!!y spread a!on#

Mediterranean aro"nd ,,-- A&D and t$ereafter E"rope and Ameria

HISTORY:

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Paper is a ommodity( %$i$ is important in e.ery day/s !ife0 it

is one of t$e basi needs t$at man fe!t& Paper forms t$e basi

materia! for omm"niation&

Mans ear!iest attempt to reord $"man ati.ities %as made on

stone& A !itt!e *AR1 !ea.es %ere "sed& *et%een )2-- *&+ and

)---*&+ t$e man"fat"rin# of paper %as be#an from ta!! reed

#ro%in# a!on# t$e ri.er Ni!e a!!ed 3PAPYP4S5( +$inese in.ented t$e

at"a! man"fat"rin#ofpaperabo"t,-2A&D

T$e first paper mi!! in t$e %or!d %as started in ,667 A&D in

Germany( .ie%in# t$e tremendo"s impat of paper ind"stry0 mi!!s

%ere started in ,227 in S%it8er!and and Ho!!and& Later it %as spread

a!! o.er t$e %or!d& 9irst!y in ,:;< $!orine %as "sed in b!ea$in# of

t$e paper( in ,::< robert in $o!es t$e 9ren$ sientist desi#ned

t$e first paper ma$ine in t$e %or!d& Present "sed paper ma$ine

%as desi#ned by =La#es diddt and *rat man Do"'in %it$ t$eir

ontin"o"s efforts&

The paper industry has an important social role to play for the country* ?se

of paper is considered as an inde< of cultural groth* Dey social objectives of the

9overnment li!e eradicating illiteracy) ma!ing primary education compulsory etc*

are very much related to the paper industry* The paper industry is also contributing

toards fulfilment of various re-uirements of the industry as a hole li!einformation dissemination) publicity etc* hich in turn stimulate industrial groth

of the country* The paper industry has) thus) a catalytic role to play not only for the

overall groth of the industry but also for the living standards of the people* The

ne millennium is going to be the millennium of the !noledge* So demand for

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paper ould go on increasing in times to come* 8ecause of paper industry=s

strategic role for the society and also for the overall industrial groth) it is

necessary that the paper industry performs ell*

The varieties of paper in!"#e:

+"!t"ra!( speia!ty( board( ind"stria! "!t"re>%ritin#( printin#(

*ond( ?ero@ board stra%berry( mi!! boards( fiber board( bo@ board(

D"p!e@ board&

Indians %ere "sin# opper and iron p!ates for t$e p"rpose of

%ritin# before paper omes into e@istene& T$e art of paper ma'in#

rea$ed India t$ro"#$ Arabs& Some Indian M"s!ims mi#$t $a.e a!so

!earnt it diret!y %$en t$ey .isited ma#no!ia& *"t t$e fami!ies %$o

!earnt it( %$o are a!so 'no%n as =1ABIS/ 'ept t$is art as !ose!y

#"arded seret&

Not$in# an be said abo"t t$e first paper mi!! in India& *"t it is

said t$at WILLAM +ARRY in ,;,) started t$e first paper mi!! at

Seramp"r in %est *en#a! %it$ t$e $e!p of 1ABIS& In ,;6) t$e first C>

dryer type ma$ine %as introd"ed in India in ,;7: it %as

Transferred to 3roya! paper mi!!s5( *ALI( near +a!"tta( %$i$ %as.irt"a!!y absorbed by tita#rap$ paper mi!!s& T$ey %ere started t$e

Paper P"!p +ompany %as started at Nai$a!t( %est *en#a! in ,


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In ear!y ,


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9rom ,


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paper and paper board during the year 2..1/.2 is 31062la!hs tonnes* The installed

capacity) production and import of %aper and %aperboard of the lastsiyears are

shon in the graph*

HISTORI%AL DE&ELOPMENT

)--*+ *ritis$ of paper onept in $ina by Tsai!"n&

,--AD Traes of a"t$enti paper ma'in# proess&

,:,;-:

AD

Patent iss"ed to fo"r drinier brot$ers for impro.ed ontin"o"s

paper ma$ine

,;)< Patents iss"ed to o$n Di'inson/s for y!inder paper ma$ine

En#!and&

,;- Gro"nd %ood p"!pin# met$od de.e!oped&

,;2 9irst man"fat"re of p"!p from %ood "sin# soda proess&

,;7: Patent iss"ed to *enamin Ti!#$man for s"!p$ite p"!pin# proess&

,;; In.ention of 'raft p"!pin# proess by ari d$ai&, s"!p$ite p"!pin# and o@y#en de!i#nifiation of a#ri resid"es&

,sa!.o p"!pin# of ba##ase %it$ reo.ery

SI'E AND %APA%ITY OF INDIAN PAPER IND$STRYJ

T$e eonomi si8e of a paper ind"stry is determined by t$e

a.ai!abi!ity of a ra% materia! density of mar'ets( a.ai!abi!ity of

po%er and transport fai!ities et in t$e be#innin# of first fi.e years

p!an( t$ere %ere on!y ,< paper and paper board mi!!s %it$ a tota!

ann"a! apaity of abo"t ,&6< !a'$ tones& At present t$ere are ,-7

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mi!!s %it$ t$e tota! ann"a! apaity of ,6&


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DE&ELOPMENT OF PAPER IND$STRY IN INDIA

Aordin# to $istori reord t$e first paper mi!! %as set "p in t$e

year ,;,) A&D it %as on!y after ,;:-/s man"fat"rin# of paper

#ained moment"m( %it$ t$e estab!is$ment of 3ROYAL *ASE PAPER

MILL5 at Hoo#!y( %$i$ %as !ater mer#ed %it$ Tita#$ar paper mi!!s&

9rom t$en on%ards t$e prod"tion of paper $as bee$ onstant!yInreasin# to meet t$e e.er>inreasin# demand of paper in t$e

o"ntry& At present abo"t );; paper mi!!s are in f"ntion %it$

o.era!! insta!!ed apaity of )&2- !a'$ tones o"t of t$is $"#e

amo"nt of prod"tion apaity -F of t$e prod"tions are from

sma!!>sa!e mi!!s and on!y t%o mi!!s are #iant "nderta'in#&

On!y : mi!!s $a.e an ann"a! insta!!ed apaity of ,-&--- tons&

Aordin# to reent s"r.ey( by Hind" s"r.ey of Indian Ind"stry it

%as K"ite !ear and e.ident t$at INDIA is in t$e ba' seat %$en

ompared to o"ntries !i'e Ameria( +anada( S%eden and apan&

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IND$STRY POSITION

Paper ind"stry is $i#$!y fra#mented %it$ a apaity of mi!!s

ran#in# from t$an ,- tones to 7-- tones per day& T$ere are aro"nd

6;- paper mi!!s( %$i$ are prod"in# paper in o"r o"ntry&

T$e rate of #ro%t$ of paper ind"stry is aro"nd 2F per

ann"m& T$e o.era!! insta!!ed apaity is aro"nd !a'$ tones %$i!e

t$e prod"tion is aro"nd 6)&2!a'$ tones o"t of t$e 6)&2!a'$ tones of

paper prod"tion&)

Ra% materia!s bein# "sed by t$ese paper mi!!s aro"nd 6:F of

t$e prod"tion are dependent on %ood 6,F is dependent "pon

a#ros and t$e remainin# 6)F is dependent "pon t$e %aste paper&

Aordin# to t$e information pro.ided by t$e $ind" s"r.ey of

Indian ind"stry( ,


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sattered a!! o.er t$e state& And$ra Prades$ stands (thin t$e

n"mber of paper mi!!s it ontains& In And$ra Prades$ o"t of t$e ),

mi!!s it passes( ,2 mi!!s are f"ntionin# K"ite effiient!y and t$e

remainin# $as been an e@eption of %or' e@e!!ene( as t$eyremained !osed t$ese days&

And$ra Prades$ in ontrast to its first position in terms of

N"mber of paper mi!!s stand )ndin terms of apaity& T$e insta!!ed

apaity of And$ra Prades$ is &;!a'$ tones per ann"m&

IND$STRY S%ENARIO

Paper ind"stry s"pp!ies .ario"s types of paper board/s

Speia!ty paper to a n"mber of end "sers& T$ese end "sers in!"ded

#o.ernment( ed"ation( ompanies in.o!.ed e@!"si.e!y in

pa'a#in#( ne%s paper( ma#a8ines et "se of paper and paper

prod"t is intimate!y !in'ed %it$ "!t"ra! and eonomia!

de.e!opment of t$e o"ntry&

T$e demand for paper depends on a n"mber of intan#ib!e

fators s"$ as pop"!ation( nationa! inome( #ro%t$ of !iteray( and

spread of ed"ation in to distant parts of t$e o"ntry( standard of

!i.in# and ind"stria! prod"tion&

Prod"ts of Indian paper mi!!s are main!y paper and paper boards&

T$ese in!"de #!assine paper( #rease proof paper( arbon paper(

ins"!ation papers( and oated boards( ti'et board( trip!e@ board(

stra% boards& Paper boards( ti'et board( $e' papers( !ottery

papers( ?ero@ papers( omp"ter stationery( et& T$ese different

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prod"ts are "sed in different ind"stries !i'e printin# of ne%s print(

proessed( foods( tobao pa'in# orr"#ation( arbon ma'in# ba#s(

so's ind"stries( te@ti!e ind"stries and many ot$er/ ind"stries& E.ery

paper mi!! in India does not prod"e a!! prod"ts of t$e Indian paperind"stry&

Consu!tion

%aper industry is of cyclical nature and the global paper industry being on

come bac! trail) the Indian paper Industry has also started loo!ing up* India=s per

capita consumption of paper is around 3*;; !g) hich is one of the loest in theorld* ,ith the e


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,& Wood

)& A#ro

6& Waste

O"t of different types of ra% materia!s a.ai!ab!e for

prod"tion of paper and paper prod"ts in India& A#ros are most

fa.orab!y "sed by t$e ind"stries& T$e se!etion of ra% materia! is

dependent "p on t$e onditions pre.a!ent in and aro"nd t$e

ind"stry&

E)TERNAL FA%TORS

T$e e@terna! fators t$at affet t$e se!etin# of ra% materia!s

are t$ose re!ated to t$e s"rro"ndin# t$e p!ant possesses& T$e

And$ra Prades$ paper mi!!s !td& *ea"se of t$e a.ai!abi!ity of !ot of

9orest areas aro"nd Raa$m"ndry $as s"essf"!!y adopted t$e

te$no!o#y of paper prod"tion %$ere t$e ra% materia! is %ood&

*y "sin# %ood( t$e mi!! an red"e t$e ost of transportation&

T$ere it is K"ite !ear and e.ident t$at ra% materia! se!etion is

P"re!y dependent "pon many e@terna! fators&

Interna! fators are tota!!y dependent "pon t$e type of ra%

materia! "sed&

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For e*J In ase of APPM MILL !td( %$ere t$e ra%

materia! is Wood( it $as to introd"e a proess a!!ed 3r"s$in#

proess5( %$i$ Is essentia! on!y in ase t$e ra% materia! is %ood&

T$erefore ra% materia! an be a deidin# fator for a set of interna!fators( s"$ as prod"tion strate#ies( prod"tion te$no!o#ies and

many more ot$er fators&

O"t of different types of ra% materia!s a.ai!ab!e( a #ross is "se

by fo"rteen ompanies in And$ra( %$i!e on!y fo"r ompanies are

"sin# %ood as t$eir ra% materia!& T$e remainin# t$ree are "sin#

%aste as t$eir ra% materia!&

PRI%E %ONTROL:

T$e paper ontro! order( ,


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Sa!es ta@ onession %as a.ai!ab!e "p to t$e end of , to 7--> a ton on an a.era#e&

4nder t$e paper ontro! order ,


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Many en.ironmenta! iss"es are assoiated %it$ t$e paper

Ind"stry&

T$e Indian paper ind"stry is b!amed for "sin# too m"$ of

Water !ar#e dis$ar#e of o!ored eff!"ent( presene of $!orinated

by prod"ts in t$e eff!"ent system( odor ontro! aid deposition and

sto' emission( soi!ed %aste&

T$e Indian paper ind"stry is b!amed for "ttin# do%n of trees(

%$i$ o"!d reate eonomia! imba!ane& T$e Indian #o.ernment

$as not ta'en effeti.e steps in eno"ra#in# t$e ind"stry to "se

ot$er so"res of ra% materia!s& T$e #o.ernment on t$e ot$er $and

too' steps and deisions to ontro! "ttin# do%n of trees& T$is

rested a sort of disontent in paper ind"stry&

Inno.ati.e p!ans are in pro#ress to assoiate s"#arane mi!!s

%it$ t$e paper mi!!s& T$is p!an $as ome into e@istene& So as to

a.oid e@tra po!!"tion bein# in"rred by t$e paper mi!!s %i!! be "sed

by t$e s"#arane mi!!s( %$i$ are assoiated %it$ t$em&

F$T$RE PROSPE%TS OF PAPER IND$STRYJ

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T$e ind"stry s$o"!d be $e!ped to optimi8e apaity "ti!i8ation

t$ro"#$ reno.ation moderni8ation of e@istin# !ar#e mi!!s& In t$is

onnetion( t$e prie fi@ed by t$e #o.ernment for .ario"s types of

Paper %ere "nrea!isti and did not pro.ide for reasonab!e ret"rns onapita!& As a res"!t t$e ind"stry %as $ard p"t to p!o"#$ ba' f"nds

for e@pansions and moderni8ation %it$ t$e remo.a! of pries and

distrib"tion ontro!s on %$ite printin# paper in ,


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The Indian %aper Industry accounts for about /*2G of the orld=s production of

paper and paperboard* The estimated turnover of the industry is 's 65);;; crore

E?S" 5*05 billion appro


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"emand of paper has been hovering around 4G for some time* "uring

the period 6;;6(; hile nesprint registered a groth of /1G) ,riting H

%rinting) Containerboard) Cartonboard and others registered groth of 5G)

//G) 0G and /G respectively* So far) the groth in paper industry has

mirrored the groth in 9"% and has gron on an average 2( per cent over

the last fe years* India is the fastest groing mar!et for paper globally and

it presents an e


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C#$%T&' (IIICOM%$N7 %'OFIL&

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CORPORATE PRO'$,E

$%%M is one of the largest integrated pulp and paper mills in the country

updating its processes ith the state(of(the(art technologies from time to time to

protect and regenerate natural resources) conserve energy and ater) reduce

pollution and improve productivity*

The mill as established as Carnatic paper mills limited ay bac! in

/06/and production started in /063* In /052) ith the formation of $% state) state

govt* has ta!en over the mill and started running the mill under the name T#&

$N"#'$ %$%&' MILLS* 8ut subse-uently it made into a joint stoc! company in

/023 by selling it to Dol!ata based 8angur group*

The Company as incorporated on 60 thBune /023 as The $ndhra %radesh

%aper Mills Ltd* $t 'ajahmundry* The Certificate of Commencement of business

as obtained on /;thBuly /023*

The $ndhra %radesh %aper Mills Ltd* as formed ith infusion of funds and

high calibre management of the ell(!non industrial house of 8angurs of

Calcutta) ho have interests in te


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In 6;;/) Coastal %apers Ltd) an agri(residue and aste paper based mill

situated at madhavarayudu palem) near !adiam railay station) about 6;!m from

'ajahmundry as ta!en over by the company* The production capacity of both the

units put together is /)3);;; T%$*

There are eight paper machines installed at the to locations hich produce

papers of different M*F H M*9 varieties in the range of 6/ to 65; 9SM as ell as

nesprint* ,ith the commissioning of largest continuous digester in the country)

the total bleached pulp production at $%%M E?nit 'ajahmundry is /)4/)5;; T%$*

The paper production capacity ill increase to 6)3/);;; T%$ after commissioning

of 2;;; T%$ paper machine hich is undererection*

The company provides direct employment to over 3;;; families* Moreover)

the company provides livelihood to over /;);;; families through indirect job

opportunities*

In 6;;4(6;;0) the turnover is rs*25)11*10la!hs*

The sales volume is /);)610tons E paper( /)14)21;MT H pulp( 1/)2;0MT

&


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They e


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$ctivities in the area of research and development have enabled the

mills to introduce high yielding) decease resistance clonal samplings) of

casuarinas and eucalyptus) hich ould ensure silvicultural gains apart

from -uality fibre from plantation* The clonal research activities have

been e* 'aghavan professional manager

2* Shri %*B*>* Sarma member of audit committee)

committeeof directorsEfinance)

commercial H M"%

* Shri %*D*%aul "irection of international ventures

H travels

;& S$ri Rai. 1apasi +$artered

ao"ntant

> Mana#in#

Diretor

THE APPM
http://www.andhrapaper.com/html/board-director.html#alkahttp://www.andhrapaper.com/html/board-director.html#alkahttp://www.andhrapaper.com/html/board-director.html#nshttp://www.andhrapaper.com/html/board-director.html#rchttp://www.andhrapaper.com/html/board-director.html#raghttp://www.andhrapaper.com/html/board-director.html#sarmahttp://www.andhrapaper.com/html/board-director.html#pkhttp://www.andhrapaper.com/html/board-director.html#rajivhttp://www.andhrapaper.com/html/board-director.html#tarahttp://www.andhrapaper.com/html/board-director.html#alkahttp://www.andhrapaper.com/html/board-director.html#nshttp://www.andhrapaper.com/html/board-director.html#rchttp://www.andhrapaper.com/html/board-director.html#raghttp://www.andhrapaper.com/html/board-director.html#sarmahttp://www.andhrapaper.com/html/board-director.html#pkhttp://www.andhrapaper.com/html/board-director.html#rajivhttp://www.andhrapaper.com/html/board-director.html#tara


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Member of ommittee diretorfinane( ommittee of diretors

ommeria!MDP and in.estor/s #rie.ane ommittee of t$e

ompany&

,-& Ms& S$eeta! *an#"r Diretor

+ommeria!

of ommittee of diretorsfinane(member ommittee of diretors

ommeria!MDP and in.estors #rie.ane ommmittee

,,& S$ri& S$reeyas$ *an#"r

Diretor +orporate

,)& S$ri& P& 1& S"ri Diretor

Operations

O4R MANAGEMENT TEAM

Mr& M&1&Tara (Mana#in# diretor

Mr&S$eeta! *an#"r( Diretor ommeria!

Mr& S$reyas$ *an#"r( Diretor orporate

Mr& P&1&S"ri( Diretoroperations

Mr& +&S&M"rty( Sr&Cie President Proets

Mr& +& Prab$a'ar( Sr&Cie Preident+A +ompany seretary

Mr&E&Sairam( Sr&Cie President9inane +9O

Mr& Amit Me$ta( Prinipa! e@e"ti.e to $airman&

THE APPM
http://www.andhrapaper.com/html/board-director.html#sheetalhttp://www.andhrapaper.com/html/board-director.html#shreehttp://www.andhrapaper.com/html/board-director.html#surihttp://www.andhrapaper.com/html/board-director.html#sheetalhttp://www.andhrapaper.com/html/board-director.html#shreehttp://www.andhrapaper.com/html/board-director.html#suri


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THE APPM


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$n 2..4 2..5

$ special aard by C$%&KIL Esponsored by Ministry of commerce H

industry) 9overnment of India in recognition of outstanding e


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A-E AN% SA,AR( A%+$N$STRAT$ON

THEORET$CA, APPROACH

7Pa# in one 8or or anot"er is ertainl# one o8 t"e ains!rins o8 otiation

in our soiet#9 !a# is t"e ost i!ortant sinle otiator use in our

oranise soiet#0 As a otiator: it beoes !art o8 eneral !s#"oloial

!robles0; / HA$RE: -H$SA,,$ AN% PORTER

,age and salary represent a substantial part of total cost of most of the

organisation* It is not only the concern of the organisation but is e-ually important

for the or!ers to maintain their social image* ,ages are directly related to

production hile salary is the compensation for services rendered by the persons

hose output is difficult to be measured*

One of the most important and difficult problem of the management is that of

determining the rate of the monetary compensation i*e**) the control of age and

salary levels* Monetary payments may be regarded as direct compensation and

employee benefits as indirect compensation*

%erformance appraisal is the most important basis for determining the level of

compensation of individual employees*

THE APPM


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A !ro!er s#ste o8 o!ensation "el!s to a"iee t"e 8olloor 8untions

$pproval or recommendation to management on job evaluation method and

findings*

'evie and recommends of basic age and salary structure*

#elp in the formulation of age policies*

Co(ordination and revie of relative departments rates to ensure conformity*

To !no about budget estimates for age and salary adjustments and increases*

THE APPM


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PR$NC$P,ES O' A-E AN% SA,AR( A%+$N$STRAT$ON=

The generally accepted principles governing the fi


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The employees and trade unions) one should be informed about the

procedure used to establish age rages* &very employee should be informed of his

on position and of the ages and salaries structures* Secrecy in age matters

should not be used as a cover(up for unreasonable age programme*

The age should be sufficient to ensure for the or!er and his family

reasonable standard of living* ,or!er should receive a guaranteed minimum age

to protect them against condition beyond their control*

The age and salary structure should be fle


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The basic purpose of age and salary administration is to establish and

maintain an e-uitable age and structure* it = s second objective is the

establishment and maintenance of an e-uitable labor cost structure* The age and

salary administration is concerned ith the financial aspects of needs) motivation

and reards* Managers therefore) analy+e and interpret the needs of their

employees so thcat reard can be individually to satisfy these needs*

CO+PENSAT$ON: A-E?SA,AR(

Compensation may be defined as money received in the performance of

or!) plus many !inds of benefits and services that organi+ation provide their

employees* Money is include under direct compensation) and may consist of life

accidents and health insurance*

CONCEPTS O' A-ES

,hile evolving) age policy 1 concepts of ages namely

Minimum age

Fair ages

Living ages

These are broadly based on the or!ers) capacity of the employees to pay H

the several economic conditions prevailing in a country*

THE APPM


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+$N$+&+ A-E

Minimum age is the one) hich provide not merely for base

substance of life) also for the preservation of the efficiency of the or!er*

For this purpose) the minimum age must also provide for some measure of

education) medical re-uirements and amenities* Minimum age may be fed

by an agreement beteen the management and or!ers* 8ut is usually

determined through legislation* In the fi


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Living age is a step of higher than fair age** living age may be

described as one hich should enable the earner to provide for himself

herself and his her family not only the base essentials of life li!e food)

clothing and shelter) but a measure of frugal comfort including education for

children ) protection against ill health) re-uirements o essential social needs)

and or measure of insure against the more important misfortunes including

old age* $ living age must be fi


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T#!es o8


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A-E %$''ERENT$A,S

,ages differ in different employments or occupations) industries and

localities) and also beteen persons in the same employment or grade* One there

fore comes across such times occupational age differentials) inter industry) inter

firm) area or geographical differentials and personal differentials* ,age

differentials have been classified in to three categories*

First) the differentials that can be attributed to imperfection in the

employment mar!ets) such as the limited !noledge of or!ers in regard to

alternative job opportunities available else here. obstacles to geographical)

occupational or inter firm mobility of or!ersJ or time lags in the adjustment of

resource distribution and changes in the scope and structure of economic activities*

&


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In other ords) age differentials may beJ

/* Occupational differentials or differentials based on s!ills.

6* Inter( firm differentials.

1Inter( area or regional differentials.

3inter( industry differentials.

5* "ifferentials based on se


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reasons account for this phenomenon* "espite the fact the constitution of India

enjoins upon the state to direct its policy toards securing e-ual pay for e-ual

or! for men and omen) aards of some industrial tribunals provided for

different ground that the omen or!ers support a smaller family that the cost of

employing omen or!ers is higher * $s regards inter firm and inter industry

differentials in India) the formers ere -uite important and fre-uent in the past

particularly in the jute mill industry* Of late) ho ever) there has been a tendency

toards the elimination of inter firm differentials* The forces) hich tend to

eliminate inter( personal differentials in the country) operate in the case as ell*

E@EC&T$*E CO+PENSAT$ON P,ANS

For the higher management) salaries are influenced by the si+e of company)

by the specific industry) and in part by the contribution of the compensation paid to

the e


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employer* The sales affected) the cost of production) reduction in e


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E c Facilities for entertaining customers and for dinning out*

E d Company recreational are simming pool and gymnasium*

E e The cost of education and training of e


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3* To abolish malpractice and a buses in age H salary payments*

The first strep toards the evolution of age policy as the enactment of the

payment of age act) /012* The main objective of the act is to prohibit delay or

ith holding of ages legitimately due to employees*

The ne


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C#$%T&' >"$T$ $N$L7SIS HINT&'%'&T$TION

/* Opinion regarding present age and salaries administration*

SI*No Opinion Number of respondents $ggregate percentage

/ 7es 10 4G

6 No 4 /2G

THE APPM


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1 To Some &


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3 &


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3 &


56/69


1 9ood /5 /5G

3 &


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6 No ;5 /;G

Total 5; /;;G

INT&'%'&T$TION J

From the above analysis I have found that /;G of the employees are not

satisfied and 0;G of the employees are satisfied by the e-uitable ages andsalaries given by the organi+ation*

2* Opinions regarding job evaluation techni-ues*


/ 7es 3; 4;G

6 No /; 6;G

Total 5; /;;G

THE APPM


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INT&'%'&T$TION J

$ny company must or! hard toards setting of the job evaluation

techni-ues* &mployees must be satisfied ith the job evaluation techni-ues* Other

ise they may not concentrate on or!* From the above analysis it is observed that

employees are unsatisfied and 4;G employees are satisfied by the job evaluation

techni-ues folloed by the organi+ation) 6;G not satisfied*

* &mployees satisfaction polices and %ractices*


/ Satisfied 15 ;G

6 Not(satisfied 2 /6G

1 9ood /3G

THE APPM


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3 &


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3 &


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3 &


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3 %oor /5 1;G

Total 5; /;;G

INT&'%'&T$TION J

From the above analysis) it is observed that /;G of employees feel the

financial position of the company is good) 5;G of employees feel e


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INT&'%'&T$TION J

From the above analysis) it is observed that 0;G of employees are satisfied

H /;G of employees are not satisfied ith e-uitable ages*

THE APPM


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C#$%T&'(>IFIN"IN9S H S?99&STIONS

'$N%$N-S

THE APPM


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From 4;=s onards $%%M started @Farm ForestryA ith a future vision of

increasing the bamboo production hich is the main ra material for paper

preparation*

$ special type of paper !non as @&lemental Chlorine Free %aper is

developed by $%%M in hich Chlorine is not used as the bleaching agent*

>arious types of alloances are given in order to motivate the employees

or!ing out there in the organisation*

These alloances are made available to both ,or!men and Bunior staff

members*

$nd for those ho are decovered from &SI) 4G of annual benefit ill be

given to Medical purposes*

One of the most difficult systems of calculating the bonus amounts is

folloed in this organisation hich is the @Set On and Set OffA model*

$%%M has 13 mega att plant and /; fire mega att turbines for its self

poer generation* Out of the total poer generated) an amount of 5 mega

att poer is given to the government*

THE APPM


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S&--ESS$ONS

The overall study about the ,ages and Salary $dministration in $%%M

gives an detailed account of the different communication patterns among the

employees in the organisation) the different components of salary and their

calculations) the systems folloed for alloting the money) the various alloances)

benefits that are made available to the employees in the organisation*

THE APPM


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B$B,$O-RAPH(

NA+E O' THE BOO A&THOR

/* %&'SONN&L M$N$9&M&NT C*8* Mamoria

6* &SS&NTI$LS OF #?M$N '&SO?'C&S

M$N$9&M&NT $N" IN"?ST'I$L '&L$TIONS %*S?88$'$O

1* #?M$N '&SO?'C& "&>&LO%M&NT 8isajeet patnaya!

3* #?M$N '&SO'C& "&>&LO%M&NT %rof* T*>*'ao

5* %&'SONN&L M$N$9&M&NT $run Monappa

ebsites =


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/*$re you satisfied ith the present age and salary administration

7es No To some e


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4*#o ould you feel ith pension and insurance scheme provided by the

organi+ation

7es No

0*,hat is the financial position of the company

9ood &

Date post:	04-Jun-2018
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