Srikanth Project

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A STUDY ON STATUTORY COMPLAINCES ZYLOGS SYSTEMSPVT LIMITED HYDERABAD.

A Project Report submitted to Acharya Nagarjuna University In partial fulfillment for the award of the degree of

MASTER OF HUMAN RESOURCE MANAGEMENT

Submitted By

K K ..S S R R I I K K A A N N T T H H

REG NO: Y10HR20040

Under the esteemed guidance of

Mrs.V.Naga NirmalaM.COM, MBA, MIB, MPhill. (PhD)

Faculty in dept of-HRM

BOMMIDALA DEPT. OF HUMAN RESOURCEMANAGEMENT

ACHARYA NAGARJUNA UNIVERSITYNAGARJUNA NAGAR -522 510

2009-2011


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DECLARATION

I hereby declare that the project report entitled STATUTORY

COMPLAINCES is the work undertaken by me for ZYLOG

SAYSTEMS PVT LTD. during the academic year 2009- 2011 and

submitted to Bommidala dept of Human Resource Management, in partial

fulfillment of Post Graduate In Master of human resource management,

(MHRM), Human Resource as specialization.

I also declare that this project is a result of my own effort and that has not

been copied from any one and has not been submitted to any other

University or Institute.

Place: GUNTUR

DATE:

K.SRIKANTH


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ACHARYA NAGARJUNA UNIVERSITY

Mrs.V.Naga NirmalaM.COM, MBA, MIB, MPhill. (PhD)

FACULTY IN DEPT OF HRM

CERTIFICATE

This is to certify that this dissertation entitled STATUTORY

COMPLIANCES IN ZYLOG SYSTEMS PVT LTD LIMITED being submitted by

Mr.K.SRIKANTH bearing Regd. No. Y10HR20040 in partial fulfillment for the

award of Master of Human Resource Management in Acharya Nagarjuna

University College. Carried out by under my guidance and supervision.

(V.NAGA NIRMALA)

PROJECT GUIDE


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ACKNOWLEDGEMENT

I also wish to express my deep sense of gratitude to my guide

Mrs.V.NAGANIRMALA faculty of Human Resource Management who

has provided me the guidance and continuous support to complete this

project work and without whose help this work would not have been

completed.

I am grateful to Dr. Prof. G. PRASAD , Head of the Bommidala

dept of Human Resource Management, and principal of campus college

Acharya Nagarjuna University, Guntur. For providing necessary facilities

during the study.

I wish to express my deep sense of gratitude and indebted ness to

SHAFI, Asset. MANAGER HR, in ZYLOG SYSTEMS PVT LTD. for giving me an opportunity to carry out my project in this esteemed

organization. I am extremely thankful to all the staff of Human Resource

Management, ZYLOG SYSTEMS for helping me to carry forward my

project.

June2011,

GUNTUR.

(K.SRIKANTH)


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Contests

CHAPTER-I

Introduction

Need and importance of the study

Objectives of the study

Methodology of the study

Sampling

Scope of the studyLimitation of the study

CHAPTER-II

Profile of the organization

CHAPTER-III

Theoretical frame work of STATUTORY COMPLAINCESS

CHAPTER-IV

Statutory compliances in ZYLOG SYTEMS

CHAPTER-V

Data analysis of the employees of zylogs systems

CHAPTER-VI:A summary of Findings, suggestions and conclusion

Annexure

Questionnaire

Bibliography


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CHAPTER-I

Introduction

Need/ importance of the study

Objectives of the study

Methodology of the study

Scope of the study

Limitations of the study


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INTRODUCTION


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INTRODUCTION

In a globally competitive and challenging business scenario, thehuman resource management or personal management is a relative title for

all aspect of managing people in an organization.

Today Human Resource occupies, more than ever, the centre stage of

all economic activities. It is alarming time for all those organization that

wish to be successful in global markets to gear up and implement desired

shift in their prevailing.

Human resource management is the process which develops and

manages the elements of an enterprise i.e., recruit; select, training &

development of an organization, it not only manages the skill but also the

attitudes and aspiration of people. Human resource management is

concerned with integration getting all the members of the organization

involved and working together with a sense for a common purpose. HRM is

a proactive rather than reactive, qualitative improvement of people who are

considered most valuable asserts of an organization.


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METHODOLOGY OF THE STUDY

The Study is about the statutory compliances in an Organization. It

deals with the title of the study, the questionnaire design, the various sources

of data collection, the study instrument used i.e. questionnaire, the lastly the

presentation of the study.

TITLE OF THE STUDY

The title of this study is A Study on STATUTORY COMPAINCES in ZYLOG SYSTEMS PVT LTD .HYDERABAD.

QUESTIONNAIRE DESIGN

QuestionnaireTitle: Questionnaire on STATUTORY COMPLAINCESS

The sample for the study was chosen by means of simple random sampling

technique. The sample covers all categories of employees from several

departments of the company from G3 to G7 i.e. from DGM Cadre to

Officer Cadre. As the study was intended to measure the effectiveness of

statutory compliances. The size of sample was fixed to 30 employees. The

total responses of the sample for each question were counted and then the

percentage for each of them is obtained with the respective weight -age

given to them. Then the overall weight age average for /each aspect is

obtained. The analysis is done on the similar manner for all the aspects and

the identification of statutory compliances is obtained.


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Data Collection Method

Data for the present study is collected through two sources i.e. through primary data and secondary data.

PRIMARY DATA SOURSES:

The primary source was obtained from all the employees who are working in

zylog systems .Also data is collected through questionnaire, Interview with

concerned person, various documents provided by the HRD personnel and

through the observations.

SECONDARY DATA SOURSES:

Company Website ( [email protected] ) Human Resource Management Book. MIHIR- In-house magazine at dairy.

Business Magazine. Secondary source of data is collected through records and files from

the administration. And the remaining required information from the

institutional guide.


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SAMPLING SIZE

The sampling for the work man level-55

The sampling for the staff level -45

The sampling for the executive level-25

AREA OF SAMPLING

A sample was required for the study because the number of employees at the

ZYLOG SYSTEM LTD. is difficult to consider the all employees therefore

a representative sample were select.

SAMPLING PROCEDURE

This study cocedered the stratified random selection technique. This is

technique which can provide them with all of employees ,as there are three

different levels the top, middle and low levels beneficiaries to the welfare

schemes, the sample include employees from the all these levels.

STATICAL TOOLS APPLAIED IN STUDY

The researcher used is structured interview schedule for collecting of data.

The total is used to get firsthand information end to make clear the intentions

of the respondents the study the researcher used the interview schedule

consisted 10 questions for data collection


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SCOPE OF THE STUDY

The study covers the various aspects of Human Resources

Management which helps in determining the performance appraisal system

in the organization.

LIMITATTIONS OF STUDY

Some of the employees did not reveal the data due to the fear of the

management.

Due to the busy work schedule of the employees, they could not spend

time on giving much more information.

The study did not cover all the employees in the organization.

Study is quality perspective has only been qualities the information

gathered in this regard is mostly through information discussion.


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CHAPTER-II


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CHAPTER-V

OPINION SURVEY ANALYSIS

OF THE EMPLOYEES OFZYLOG SYSTEMS PVT LTD.


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DATA ANALYSIS AND INTERPRETATION

Data required to prepare this report has been collected in a very

sequential order by using a questionnaire. The questionnaire was prepared to

collect the opinions of all the employees. The questionnaire contained a

column about the opinion to know about the performance of the employees

after performance assessment, to evaluate the effectiveness of impact of

performance appraisal. Analysis of data is done for employees views in thequestionnaire which reveals the impact/effectiveness of the performance

appraisal system. A question wise analysis is undertaken and accordingly

interpretations are drawn. The analysis is shown through tables and the

respective graphs.


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1: whether the contract or has obtained lab our lenience under act?

Interpretation:

From the above analysis we can clearly see that the majority of respondents (90%)

employees are satisfied with the present STATUTORY COPLAINCES of

organization. The remaining 10% employee is not satisfied.

Factors No. of Respondents Percentage

Strongly Agree 13 43

Agree 13 43

Disagree 4 14

Strongly Disagree 0 0

TOTAL 30 100


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2: it lab our licenses is not requid submit affidavit..?


Strongly Agree 7 23

Agree 15 50

Disagree 3 10


TOTAL 30 100

Interpretation:

The above analysis shows that around 43% employees are strongly feel that

STATUTORY COPLAINCECE of ZYLOG SYSTEMS is effectively design andsimilarly another 43% people are also agree on this. By the pie chart we can easily

find out that overall 86% of the respondents believe that of is effectively designed

.On the same note 14% employee thinks that statutory compliances is not effectively

designed .


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3: whether contractor has obtained P.F code no ..?



Agree 20 67

Disagree 0 0


TOTAL 30 100

Interpretation:

A majority of 50% employees at ZYLOG strongly agree & 23% agree that the

attributes of statutory compliances of organization should change.

From the above analysis we can easily point out that the 73%employee of ZYLOG

wants new attributes through which assessment is done. So that management can

analyse better there employee


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4: whether P.F premium have been paid..?



Agree 9 30

Disagree 1 3


TOTAL 30 100

Interpretation:

From the above analysis it is very clear that 100% respondents feel that the

suggestion from their subordinates should be encouraged in statutory, in which

67%employee will strongly agree & rest 33 % are also agreed. They feel that by

subordinates suggestion they can identify their hidden talents, capabilities and

potentials.


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5: A summary of various sites ( contract vise) giving?


Strongly Agree 8 27

Agree 10 33

Disagree 8 27


TOTAL 30 100

Interpretation:

From the above analysis it is very clear that 97% of the respondents agree thatparticipation and discussions with employee, should allowed during his/her

statutory coplaincess.


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6: whether form 5 under P.F & A.P, Act enclosed..?


Strongly Agree 5 16

Agree 20 67

Disagree 5 17


TOTAL 30 100

Interpretation:

From the above analysis we can make out that there is mixed response of the people

who strongly agree and disagreed i.e. 27% and 33% made a point that the statutory

compliance followed by the company is unbiased and fair.


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7. Whether form no 10 under P.F & A.P, Act enclosed.



Agree 13 43

Disagree 0 0


TOTAL 30 100

Interpretation:

A majority of 67% agree to the point that the rewards and recognition system

should improved by management and some changes should be there in increments.

However 17% disagree to the point and believes that no changes are required to

improve the system.


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8: whether form no 12- A under P.F & A.P Act enclosed?



Agree 20 67

Disagree 0 0


TOTAL 30 100

Interpretation:

From the above pie chart it is very clear that 57% employee are strongly agree

43%employee agree that the support from boss is needed to the employees

statutory compliances. So, foster team-work and co-operation amongst the

participants is there.


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8. In your opinion on which attributes you will give more emphasis

to improve your statutory compliances

a) Job knowledge b) Commitment & Reliability

c) Quality cost & Time management d) Initiative & DriveFactors No. of Respondents Percentage

Job Knowledge 8 26

Commitment 15 50

Quality cost &

Time Management 5 17

Initiative & Drive 2 7

TOTAL 30 100

Interpretation:

From the above analysis we can clearly make out that 100% of the respondents

agree and strongly agree that after receiving the assessment result they want to reset

strategies, so that their goal are achieved and covered according to the time limit.


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9: Whether copy of attendance sheet (contract wise) is enclosed?


Strongly Agree 5 16

Agree 20 67

Disagree 5 17


TOTAL 30 100

Interpretation:

From the above analysis we can make out that 50% of employee feel that

commitment & reliability is statutory compliances in, 26% employee feels that the

most important aspect is job knowledge at work. 17% believe through quality andcost management of work statutory 7% feel that initiative & drive So its a mixed

response.


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10: whether copy of wage payment sheet (contract wise) enclosed..?


Strongly Agree 4 14

Agree 20 67

Disagree 5 16


TOTAL 30 100

Interpretation:

From the above analysis a majority of 67% respondents agree that the management

fairly evaluates the employees the employee compliances and provides feedback.

But at the same time 17% respondents argue that the system didnt fairly evaluates

the employee compliances..


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11: whether payment has been made in minimum wage fixed byGovernment?


Strongly Agree 9 30

Agree 17 57

Disagree 4 13


TOTAL 30 100

Interpretation:

From the above analysis we can clearly see that the majority of respondents feel that

in organization transparency is present in statutory compliances but 50%

respondents feel that transparency is not there and it should be there so that

employee can know about the minimum wage..


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12: whether insurance policy under w.e ACT enclosed with the firstwage bill..?


Strongly Agree 7 24

Agree 18 60

Disagree 4 13


TOTAL 30 100

Interpretation:

From the above analysis it is clearly seen that 87% of employee believe that through

appraisal they get an opportunity to know there compliances objectivity, but the

13% employee believe that statutory system doesnt play a big role to know the

objectivity.


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13: whether identified bond daily not A raised Enclosed with ..?



Agree 20 67

Disagree 0 0


TOTAL 30 100

Interpretation:

From the above chart it is clear that a majority of 84% respondents feel that

statutory compliances one can know his/her strengths & weakness part in your

work

Place, through which they can work upon it and improve them.


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13: whether identified bond daily not A raised Enclosed with ..?



Agree 10 34

Disagree 1 3


TOTAL 30 100

Interpretation:

From the above analysis 100% respondents agree that the management conductsadequate training/development program and thus focus up on individual growth to

improve his/her performance. STATUTORY COMPIANCES gives adequate

importance to the STATUTORY activities in the organization.


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14: whether half yearly return under C.L (R&A) Act submitted..?

Yes ( ) No ( )


Yes 27 90

No 3 10

Total 30 100

Interpretation:

From the above analysis 94% of employee agree and strongly agree Statutory

compliances will enable employees potential to take higher responsibilities,

remaining 6% employee disagree that employees potential can increased.


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CHAPTER-VI

A SUMMARY OF

FINDINGS,SUGGESTIONS AND

CONCLUCION


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FINDINGS OF THE STUDY

From the study done on the ZYLOG SYSTEMS VPVT LTD, we found out

the following facts.

STATUTOYR in ZYLOG is effectively designed.

Participation and discussion should be allowed during their

assessment.

Rewards and recognition system should be improved.

The employee at ZYLOG is satisfied with the present STATUTORYmethods.

Employee of ZYLOG believes that to give the statutory

compliances has to give.


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SUGGESTIONS

The following are suggestions:

Supervisor should spend a certain amount of time with employees and

discuss the importance of S.Compliances Then this would be help a lot to

the employees to know the importance of statutory compliances.

Participation and discussions with employee, should allowed during

statutory companies.

Giving feed back in itself is a process of controlling the behavior of employee, it must be given to each and every one and it is means of

making the employee recognized and not neglected.


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ANNEXURE-I


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QUESTIONNAIRE

SURVEY ON STATOUTORY COPLAINCESS

I am K.SRIKANTH Student of ACHARYA NAGARJUNA UNIVERSITY ,

GUNTUR . , studying MHRM , kindly request you to fill the following questionnaire

with the suitable options provided and your option. This is only for my survey but not for

any other use, and the information collected shall be kept confidential

For the following questions choose the appropriate answer from the options provided:-

1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

Name Department.

EMP code. Designation..

1: whether the contract or has obtained lab our lenience under act


2: it labours licenses is not requid submit affidavit..?


3: whether contractor has obtained P.F code no..?


4: whether P.F premium have been paid..?


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5: A summary of various sites (contract vise) giving?


6: whether form 5 under P.F & A.P, Act enclosed..?


7: whether form no 10 under P.F & A.P, Act enclosed.


8: whether form no 12- A under P.F & A.P Act enclosed?


9: Whether copy of attendance sheet (contract wise) is enclosed?


10: whether copy of wage payment sheet (contract wise) enclosed..?


11: whether payment has been made in minimum wage fixed byGovernment?



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12: whether insurance policy under w.e ACT enclosed with the first wage bill..?


13: whether identified bond daily not araised Inclosed with..?


14: whether half yearly return under C.L (R&A) Act submitted..?



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BIBLIOGRAPHY


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BIBLIOGRAPHY

Prescribed Journals:

Indian Journal of Industrial Relations

Indian Journal of Social Work

Indian Journal of Training & Development

Indian Management

ICFAI Journal of Management Research

ICFAI Journal of System Management

Websites

www.organizationaltests.com

www.12manage.com

www.humanlinks.com


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www.citehr.com

Search Engines

Google

Wikipedia

Yahoo. India

DAILIES NEWS PAPERS:

1: INK.ADVISOR

2: THE HINDU

3: TIMES OF INDIA

4: INDIAN EXPRESS

5: INTERNATIONAL BUSSINESS TIMES


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