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DECLARATION
I, Tanya vashistha, hereby declare that the Project Report entitled
Wages & Salary Administration ritten and s!bmitted by me to the
"niversity o# P!ne, P!ne in partial #!l#illment o# the re$!irements #or the
a ard o# degree o# %%A, !nder the g!idance o# Pro# S'I('A
S'"%'A) is my original or* and the concl!sions dra n therein are
based on the material collected by mysel#
Place+ P" - TA .A /AS'IST'A
0ate+ Research St!dent
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ACKNOWLEDEMENT
The main objective o# s!mmer training 2 c!m project is to provide !s
ith opport!nity to e3perience the practical aspect o# management in any
organi4ation i e chance to get into the #ield o# organi4ation and it5s
#!nctioning 0!ring this project I have been #ort!nate to get this
opport!nity to st!dy not only a good organi4ation5s #!nctioning b!t also
to get the g!idance o# some highly e3perienced e3ec!tives
I e3press my deep sense o# gratit!de to o!r
Project g!ide Pro# S'I('A S"%'A) #or their contin!o!s s!pport
d!ring my project or* This project o!ld not have been completed
itho!t their val!able s!pport and g!idance
I hereby, deeply e3press my gratit!de to ARTI6I7IA8
8I)%S )A "6A7T"RI 9 7:RP:RATI: :6 I 0IA #or giving
me an opport!nity to or* as trainee at its (A P"R P8A T !nder
s!mmer inter ship program I am very than*#!l to company g!ide )r /
( Trivedi ;)anager P&A< #or his contin!o!s s!pport and g!idance
e3tended to me d!ring entire period o# training
I o!ld also li*e than* to all the employees o# A8I)7:, (A P"R
Place+ P!ne TA .A /AS'IST'A
0ate+
=
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INDEX
S.No. TOPICS PAGE NO.
1 ACKNOWLEDGEMENT
2 LIST OF TABLE
3 LIST OF FIGURE
4 CHAPTER 1:-INTRODUCTION
5 CHAPTER 2:-PROFILE OF THE ORGANI ATION
! CHAPTER 3 :-RESEARCH DESIGN AND
METHODOLOG"
# CHAPTER 4:-DATA ANAL"SIS ANDINTERPRETATION
$ CHAPTER5:-FINDINGS ANDSUGGESTION
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EXECUTI%E SUMMAR" OF THE PRO&ECT
This Project is an overall implementation and !nderstanding o# Wages &
Salary Administration in Arti#icial 8imbs )an!#act!ring 7orporation o#
India The idea behind selection o# this project is mainly d!e to its
nat!re and importance in the overall '")A R-S:"R7-
)A A9-)- T o# any organi4ation It is important #rom both the
organi4ational point o# vie as ell as #rom an individ!al5s point o#
vie
In this project or* the main emphasis is given to #ind
o!t+
0i##erent areas & challenges in managing the Wages and salary
administration
The satis#action level o# the sta##, o##icers and or*ers regarding
salary
What are the allo ances, basic and other bene#its related to salary
What is the earning amo!nt ;in salary< and ded!ction amo!nt ;#rom
salaryEBB, )anches ar Ind!strial Area,
%h!banesh ar C@1G1G
BANGALORE
Regional )ar*eting & 0isability
Rehabilitation 7entre, A8I)7:
o 1?E?>, Ind!strial S!b!rb,
1=
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.esh antp!r, T!m*!r Road,
%angalore @BGG==
&ABALPUR
Plot o ?G, 1GB and 1GC
Richhai Ind!strial Area, Habalp!r ?F=G1G
GUWAHATI
A8I)7: :!trich 7entre
7 R 7, P ) R T %!ilding
6irst #loor , 9! ahati )edical 7ollege and 'ospital 7amp!s
%hangaghar 9! ahati CF1G>=
2.2 %)()o0 @ M)(()o0 o +, O '0)?' )o0
%ISION
-3pansion o# the man!#act!ring base by establishing ne prod!ction
centers
)oderni4ing its e$!ipments and #acilities
Introd!cing ne prod!cts and technology
-stablishment o# ne R&0 centers
1>
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0evelopment o# cost e##ective aids and appliances #or the
handicapped #rom r!ral and remote areas
"pgradation o# '!man Reso!rce S*ill
MISSION
R-ST:RATI: :6 0I9 IT. :6 )A
2.3 H)( o )*'/ B'*; o80 o +, O '0)?' )o0
The 9overnment o# India !nder (,* )o0 25 o T+, Co7 '0),( A* 1 5!
set !p A ) )*)'/ L)7 ( M'08 '* 8 )0 Co o ' )o0 o I0 )'
ALIMCO )0 1 #2 Its objective is not to earn pro#it instead it has
1?
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(o*)'/ o >,* )=,( And this as proposed to be done by man!#act!ring
arti#icial limbs components & rehabilitation aids and by promoting,
enco!raging & developing the availability, !se, s!pply and distrib!tion
o# arti#icial limb components & rehabilitation aids o# high $!ality to the
needy, disabled o# the co!ntry at reasonable cost A8I)7: comes !nder
M)0)( 6 o So*)'/ &8( )*, @ E7 o9, 7,0 .
The ( o0, o ALIMCO as laid do n on S!nday 1F th
ovember 1DC> by the /' , P )7, M)0)( , S7 . I0 ) ' G'0 +). The
organi4ation started man!#act!ring disability aids in 1DCB and bro!ght
abo!t the concept o# mass man!#act!ring o# mod!le limb components to
red!ce the time o# #abrication o# prosthesis & orthosis and cost o#
prod!ction o# all varieties o# aids and appliances A8I)7:, an ISO
1:2 7ompany is the premier and the largest man!#act!rer o#
$!ality disability aids and appliances #or orthopaedically, vis!ally and
hearing impaired
A8I)7: is spread in a spra ling area o# 43
'* ,(. Its man!#act!ring !nit and head o##ice are located in (anp!r
2.4 H), ' *+6 S 8* 8 , o ALIMCO
In A8I)7: there are o8 /,=,/( o# management+
TOP MANAGEMENT
%oard o# 0irector
1@
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7hairman & )anaging 0irector
9eneral )anager
;:##icers in grade -C & above@@ types o# aids & appliances #or :rthopaedically,
'earing and /is!ally 'andicapped
5. 1C Prod!cts o# A8I)7: con#orm to standard, laid do n by
%!rea! o# Indian Standards, ;%IS persons ith disabilities
$. A8I)7: has transitioned into a prod!ct, service & sol!tions
7ompany #rom generally a man!#act!ring 7ompany in the Past
. It provides aids, appliances and component to 1 million disabled
persons in the co!ntry every year
1 . A8I)7: has earned good ill #or the co!ntry by providing
Arti#icial limbs o 1 /'0 7)0, =)* )7( o A +'0)( '0 in only
one month and by establishing a limb #itting centre there incl!ding
training to local artisans
11. 7!stomers o# A8I)7:+ ational Instit!tes
=>
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State 9overnments
0ealers and :thers
-3ports
9:5s
CHAPTER 3
RESEARCH DESIGN @ METHODOLOG"
=?
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R,(,' *+ is an organi4ed and systematic ay o# #inding ans ers to
$!estions thro!gh the application o# scienti#ic proced!res
R,(,' *+ M, +o o/o 6 is a ay to systematically solve
the research problem It has many dimensions and research method does
constit!te a part o# the research methodology Research )ethodology
incl!des vario!s steps There sho!ld be systematic ay o# data collection
and presentation o# the project report Proper decisions have to be ta*en
based on data collected
3.1 R,(,' *+ D,() 0
=@
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R,(,' *+ D,() 0 is the concept!al str!ct!re ithin hich research is
cond!ctedJ it constit!tes the bl!eprint #or the collection, meas!rement
and analysis o# data
6or the project report E /o ' o 6 R,(,' *+ D,() 0 has
been !sed The main p!rpose o# e3ploratory research is o# #orm!lating a
problem #or more precise investigation The major emphasis in s!ch
st!dies is on the discovery o# ideas and insights
3.2 S'7 /)0 D,() 0
A ('7 /, ,() 0 is a de#inite plan #or obtaining a sample #rom a given
pop!lation As there are vario!s departments in A8I)7: and the total
n!mbers o# employees or*ing in A8I)7: are ?@?, it as not
practically possible and #easible to collect in#ormation and data #rom
each o# them So #or the project report K P o ' )/) 6 S'7 /)0 M, +o
has been !sed, to gather and collect in#ormation In this sample design
each and every item in the pop!lation has an e$!al chance o# incl!sion in
the sample In this sampling design, the pop!lation m!st be clearly
de#ined
3.3 Po 8/' )o0 S)?,
Pop!lation re#ers to the total items abo!t hich in#ormation is desired
It is o# t o typesJ #inite and in#inite 6or the project report pop!lation is
o# #inite type The si4e o# the pop!lation is ?@?
=B
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3.4 S'7 /, S)?,
It re#ers to the 087 , o ) ,7( o , (,/,* , o7 +, o 8/' )o0 to
constit!te a sample The sample si4e selected consisted o# ?G
respondents
3.5 S'7 /)0 M, +o
S)7 /, R'0 o7 S'7 /)0 has been !sed #or the project report It
comes !nder Probability Sampling methods
3.! So8 *, '0 7, +o ( o D' ' Co//,* )o0
6or the p!rpose o# gathering in#ormation and collecting data regarding
ages & salary administration at A8I)7:, t o types o# method have
been adopted namely, Primary 0ata, and Secondary 0ata
P )7' 6 D' '
Primary data means, data hich is collected a#resh and #or the #irst time
and th!s happen to be original in character U0 , P )7' 6 D' '
Co//,* )o0 , the #ollo ing techni$!e has been adopted
a< Str!ct!red L!estionnaire
b< In#ormal tal*s ith e3ec!tive personnel
c< In#ormal tal*s ith non e3ec!tive personnel
S,*o0 ' 6 D' '
=C
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I re#ers to the data hich has already been collected and analysed by
someone else U0 , S,*o0 ' 6 D' ' Co//,* )o0< in#ormation and data
#rom the #ollo ing doc!mentary so!rces have been gathered
a< Personnel man!al A8I)7:
b< %oo*s and )aga4ines in the library
c< /ario!s p!blications o# %'-8
d< :nline database
3.# L)7) ' )o0( o +, S 8 6
Time #actor as a##ecting the research st!dy, tho!gh I tried to collect
the ma3im!m in#ormation in the minim!m time slot
=F
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I co!ldn5t get eno!gh time to interact ith the some people as they
ere b!sy ith their sched!le
Some respondent ere !n illing to ans er my $!estions They ere
hesitating to p!t their opinions
=D
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CHAPTER 4
DATA PRESENTATION< DATA ANAL"SIS AND
INTERPRETATION
D' ' P ,(,0 ' )o0
While or*ing on the project titled Wages & Salary Administration in
A8I)7:, in order to collect the in#ormation, in $!estionnaire, $!estions
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have been incl!ded ranging #rom satis#action level o# employees in
regard ith salary, or*ing environment, salary scale compared to the
nat!re o# or*, bon!s, #acilities !nder -SI Act 1D?F to retirement
bene#its, pension scheme etc
S'/' 6 ( 8* 8 , o ALIMCO:
E' 0)0 D,(* ) )o0
B'()* P'6-
>1
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S ,*)'/J P, (o0'/ P'6 - @G o# basic pay
D,' 0,(( A//o9'0*, R' ,(
6or :##icers, 6oreman &S!pervisor having code no G1, G=
M ?B F o#;basic payN special pay<
6or employees having code noG>, G?, G@
1GG o# ?B F ;basic payN special pay< !pto a basic o# B@@GE
C@ o# ?B F ;basic payN special pay< #or basic above B@@GE s!bjectto minim!m o#
I0 8( )'/ D.A- DC > o# ;basic payN dearness pay< O@G
C+)/ ,0 E 8*' )o0 A//o9'0*,- 1=G #or = children till 1GN=
Ho8(, R,0 A//o9'0*,- =@ o# ;basic pay N special pay>
O0/6 o0 9o ;)0 '6(
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Chart 1
Male 95%
Female 5%
N87 , o D)(' /, E7 /o6,,( )0 To '/ Wo ; o *,
Chart 2
Normal 91%
Disabled 9%
Co0 '* Wo ;, (
In A8I)7: aro!nd >@ o# or* is done thro!gh contract basis It
means contract or*ers constit!te aro!nd >@ o# the total or*#orce
Chart 3
Contract basis 35%
Regular basis 65%
M)0)787 W' ,( o Co0 '* Wo ;, (
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Fo O )*, ( P'6 S*'/,
G ' , O )*, ( P'6 S*'/,
- G H!nior o##icersE engineer B@GG =GG 11>@G
- 1 Asst engineerE o##icers FBGG =@G 1?BGG
- = Asst managerE senior 1GC@G >GG 1BC@G
>@
C' , o 6 W' ,(
"ns*illed Wor*ers 11? Rs Per 0ay
Semi s*illed 1>G Rs Per 0ay
S*illed 1?? Rs Per 0ay
G o8 P'6 S*'/,
A >F@G D@ @C@G
% >DGG 11G B1GG7 ?G=G 1=@ B@=G
0 ?1@G 1>@ BF@G
- ?B@G 1?G C?@G
6 @@GG 1@G F@GG
9 @DGG 1BG D1GG
' B1GG 1D@ 1G,GGG
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o##icer
- > 0ep!ty )anager 1>GGG >@G 1F=@G
- ? )anager 1?@GG >@G 1FC@G- @ Senior )anager 1BGGG ?GG =GFGG
- B 0ep!ty 9)
- C 9eneral )anager 1F@GG ?@G =>DGG
Pay Scale o# CMD- =C>GG
P'67,0 T)7)0
T,*+0)*'/ S ' gets salary on the last day o# the month
And all the O +, E7 /o6,,( get salary on the #irst day o# the
month
The )( 8 (,7,0 o ('/' 6 is done thro!gh the S ' , B'0; o
I0 )' #or all employees e3cept contract or*ers
A ,0 '0*,
T)7, O )*, *eeps the attendance record o# all the sta## & or*ers,
s!pervisors, #oreman
'e also maintains absenteeism record C'(+ '9' is given #or good
attendance
Co7 '06 S,* , ' 6 *eeps the attendance record o# o##icers
Fo +, *'/*8/' )o0 o ('/' 6< ' ,0 '0*, )( *o80 , o7 21 ( o +,
7o0 + o 22 0 o +, 0, 7o0 +
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C'(+ A9' o Goo A ,0 '0*,:
7ash a ard o# Rs >GGE ill be paid to those employees every $!arter
ho remain contin!o!sly physically present d!ring the $!arter in the
7orporation The a ard ill be paid $!arterly i e in the month o# M'6C
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1 8eave R!les
= )edical R!les
> -mployee State Ins!rance
? 8eave Travel 7oncession
@ Travelling Allo ance
B %on!s
C Pension
L,'=, R8/,(
In A8I)7: employees get B types o# leaves, and they are as #ollo s
1. -arned leave
2. 'al# pay leave or medical leave
3. 8eave itho!t payE 7ompensatory leave
4. 7as!al leave
5. Special cas!al leave
!. )aternity leave
1.E' 0, /,'=,: -arned 8eave shall accr!e to an employee at the rate
o# o0, 9+o/, '6 o ,=, 6 ) ,,0 '6( spent on d!ty
The ma3im!m period o# -arned 8eave hich can be acc!m!lated by
the employee shall be >GG days
The ma3im!m -arned 8eave hich can be sanctioned at a time
shall not e3ceed BG days
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-arned 8eave ill not be granted more than si3 times in a year
2. H'/ '6 /,'=, o 7, )*'/ /,'=,: 'al# Pay 8eave shall accr!e to an
employee at the rate o# one hole day #or every =G days on d!ty
'al# Pay 8eave may be granted on medical gro!nds only
The ma3im!m period !p to hich hal# pay leave can be acc!m!lated
shall be DG
3. L,'=, 9) +o8 '6JCo7 ,0(' o 6 /,'=,: -3tra :rdinary 8eave
may be granted to an employee ho is on probation or con#irmed
hen no other leave is admissible to him
4. C'(8'/ /,'=,: 7as!al 8eave is admissible to the employees o# the
7orporation to the e3tent o# 1= days in a calendar year
5. S ,*)'/ *'(8'/ '6: Special 7as!al 8eave !p to a ma3im!m o# @
days in a year may be granted to an employee at the discretion o# the
competent a!thority #or participation in c!lt!ral, sports and other
occasions
6. M' , 0) 6 /,'=,: )aternity 8eave may be granted to omen
employees #or periods hich may e3tend !p to DG days
E0*'(+7,0 o L,'=,:
E' 0, L,'=, e3ceeding >G days standing to the credit o# an employee
and !p to a ma3im!m o# >G days may be enchased at the leave salary
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rate 6or the p!rpose o# encashment o# -arned 8eave, there sho!ld be a
minim!m o# BG days acc!m!lation to the credit o# an employee
B'()* '6 S ,*)'/ P'6 D.A
3
M, )*'/ R8/,(
)edical R!les shall apply to all the employees o# the 7orporation other
than cas!al employees and those covered !nder -SI scheme
1. In case the employee o# the 7orporation or member o# hisEher #amily
!ndergoes treatment in any +o( ) '/< 08 ()0 +o7, o o +, 9)(, ,
the medical e3penses ill be borne by the 7orporation in #ollo ing
manner+
' In case o# employee or member o# hisEher #amily !ndergoes indoor
treatment in a +o( ) '/ entire medical e3penses ill be allo able on
act!al basis e3cept operation charges
:peration charges ill be limited to the e3tent o# amo!nt chargeable
by AII)S #or s!ch operation T+, Co o ' )o0 9)// ,' ,0 ) ,
7, )*'/ , ,0(,( )0 *'(, o '**) ,0 o**8 , o0 8 6 9) +)0
'* o 6 ,7)(,(
?G
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In case an employee or member o# hisEher #amily !ndergoes indoor
medical treatment in a N8 ()0 Ho7, e3penses borne by the
7orporation ill be as !nder+
:peration charges ill be limited to the e3tent o# amo!nt chargeable
by AII)S #or s!ch operation
FG o# the balance amo!nt o# bills ;e3cl!ding medicines< raised by
the !rsing 'ome, )edicines d!ring treatment and seven days there
a#ter ill be reimb!rsed at #!ll cost by the 7orporation
A**o77o ' )o0 J B, J Roo7 ,0 *+' ,(:
T '=,//)0 A//o9'0*,(
Rail ay #are #or ' ),0 '0 o0, ' ,0 '0 ill be admissible to an
employee as per hisEher entitlement !nder Traveling Allo ance R!les #or
!ndergoing medical treatment o# himEhersel# or members o# hisEher
#amily #rom the place o# posting to the re#erred place 'o ever, )o
' o='/ o C+') 7'0 '0 M'0' )0 D) ,* o ill be re$!ired #or all
s!ch visits #or o!tstation treatment
?1
C' , o 6 o ,7 /o6,,( A**o77o ' )o0 J B, J Roo7,0 *+' ,(
%asic pay "p to Rs DGGGE Room !p to Rs >@GE per 0ay%asic pay above Rs DGGGE Room !p to Rs ?@GE per 0ay
7hairman & )anaging 0irector Act!al
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E7 /o6,, S ' , I0(8 '0*, S*+,7,
The employees hose earning is belo Rs 1GGGGE per month can opt #or
ESI (*+,7, , according to T+, E7 /o6,, ( S ' , I0(8 '0*, A* o
1 4$
"nder -SI scheme the contrib!tion #rom employee side ill be M 1 C@
and #rom the employer side it ill be M ? C@
?=
M, )*'/ A//o9'0*, A7o80
)a3im!m 1@GGGE
)inim!m FGGGE
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Th!s bene#it period starts > months a#ter the contrib!tion period is over
It means the employee ill get the sic*ness bene#it and maternity bene#it
only d!ring bene#it period Th!s, an employee gets these bene#its only
a#ter joining employment and paying contrib!tion
ESI o , ( ,0, ) ( (8*+ '(:
)edical %ene#it
Sic*ness %ene#it
)aternity %ene#it
0isablement %ene#it
-tc
?>
Co0 ) 8 )o0 P, )o B,0, ) P, )o
1st September to >1 st )arch 1 st H!ly to >1 st 0ecember
1st April to >G th September 1 st Han!ary to >G th H!ne
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L,'=, T '=,/ Co0*,(()o0
The o >,* o +)( 8/, is to grant, as a el#are meas!re, travel
concession to the employees o# the 7orporation and their #amilies o0*,
)0 ' /o*; o 9o 6,' ( #or jo!rneys to their 'ome To n, or to Any
:ther Place in India
The 8eave Travel 7oncession shall be admissible to an employee
and his #amily
The ,0 ) , *o( o# the #are #rom the 'ead$!arters to his 'ome
To n and vice versa irrespective o# the distance involved shall be
') 6 +, *o7 '06
E0*'(+7,0 o LTC o +, , ,0 o #5 o# the cash val!e #or the
entitled class #or the distance o# 1@GG (ms each ay ill be entitled
#or sel#, spo!se and t o dependant children only once in a bloc* o#
#o!r years
Mo , '0 C/'(( o A**o77o ' )o0 A=')/' /,
??
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T '=,//)0 A//o9'0*,
6or )embers o# the %oard & 9eneral )anager act!al boarding &
lodging e3penses ill be paid
D.A R' ,(
?@
C' , o 6 o E7 /o6,, A**o77o ' )o0
0ra ing a pay o# Rs @,@GGE andabove
A7 = Tier
0ra ing a pay o# beloRs @,@GGE
Sleeper 7lass
B'()* P'6 G ' , Mo , D.A R' ,( Ho ,/ C+' ,( *o0=,6'0*,
O )*, ( Wo ;7,0 P. *) 6 O +,*) 6
P. *) 6 O +,*) 6
1$5 '0' o=,
IA) JAC
R'> +'0)JT' )
3 24 $5 # A* 8'/
1! -1$5 II A) J II ACR'> +'0) 25 2 # 5! A* 8'/
$! - 1!1 -
1!III II AC J AC
3R'> +'0)
2 1! 5 4 A* 8'/
!55 -$! !$5 - 1 I/ II AC J 1(
*/'(( 15 12 35 2$ #5
4 2 -!55 415 -!$5/
IJ IIIACJ S+' ' ) #5 25 2 !
B,/o9 4 2 415 /I II clas ( #5 ! 1 $ 45
A ='0*, 1 #5 1
D.A R' ,( A//o9, A7o80
8ess than B ho!rs =G
Above B ho!rs less 1= ho!rs @G
Above 1= ho!rs 1GG
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Bo08(
In accordance ith the Payment o# %on!s ;Amendment< :rdinance
=GGC, the competent a!thority has approved #or payment o# bon!s M
F >> o# salary or Rs 1GGE hichever is higher
The above payment shall not be made to those employees hose salary
e3ceed Rs 1GGGGE per month 6or the p!rpose o# 7alc!lation o# bon!s
M F >> the ma3im!m salary shall be ta*en at Rs >@GGE per month
Bo08( )( ,)0 )=,0 o0/6 o +, 9o ;, (.
P,0()o0
Pension is given to the employees according to E7 /o6,, P,0()o0
S*+,7, 1 5
6or e3ample, i# someone5s salary is 1?DB= BG Then there ill be 1=
contrib!tion #rom both employee and employer to the provident #!nd
scheme Then F >> o# -mployer5s contrib!tion ill be diverted to
E7 /o6,, P,0()o0 S*+,7, 1 5 ;i e , to S ' , P,0()o0 S*+,7, < and
the rest amo!nt ill go to the 8( . $.33 )( *'/*8/' , o0 +, '7o80
o R( !55 E
R, ) ,7,0
?B
Wages earned -mployee -mployer RP67 Tr!st
1?DB= BG 1CDB 1CDB @?1 1=@@
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In A8I)7: the retirement age o# employees are BG years A#ter
retirement the employees get vario!s bene#its They are as #ollo s+
9rat!ity Amo!nt
-arned 8eave ;not more than >GG :n resignation
? :n death or disablement d!e to accident or disease
@ :n Retrenchment
?C
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7ondition o# G@ year contin!o!s service is not necessary i# service is
terminated d!e to death or disablement
C'/*8/' )o0 o G ' 8) 6
%asic Pay N Special Pay N 0 A 3 no o# years 3 1@
=? Wor*ing 0ays
M' )787 G ' 8) 6
The ma3im!m amo!nt o# grat!ity payable sho!ld not e3ceed Rs
>,@G,GGG in any case
P o=) ,0 F80
The P o=) ,0 F80 aims to provide social sec!rity and to help
employees increase savings, hich ill bene#it or*ers a#ter they retire,
or their #amily members a#ter their death
T+, E7 /o6,,( P o=) ,0 F80 9'( ,( ' /)(+, 6 '0 A* )0 1 52.
The amo!nt o# an -mployee s Provident 6!nd is calc!lated as 12 ,
*,0 o# his ages, *o0 ) 8 , 6 o + +, ,7 /o6, '0 +,
,7 /o6,, The employee s contrib!tion m!st be ded!cted #rom his
earnings
?F
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P o=) ,0 F80 B,0, ) (
A Provident 6!nd gives bene#it to both employee and employer
B,0, ) o E7 /o6, (
-mployers can !se the bene#its o# a provident #!nd to attract and
retain val!able sta##
-mployees are motivated to or* longer term #or the 7ompany
It helps employers create li$!idity
B,0, ) o E7 /o6,,(
It is a sec!re savings plan
Provident #!nds #ollo a lo ris* investment strategy
The #!nds are managed by %ang*o* %an*5s pro#essional #!nd
management team
?D
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D' ' A0'/6()( '0 I0 , , ' )o0
1. Are yo! satis#ied ith yo!r or* or post on hich yo! are or*ingQ
:pinion Total o!t o# ?G Res!lt
.es =F CG o 1= >G
I0 , ,0*,:
According to this #ig!re CG o# the employees are satis#ied ith their
e3isting post hile >G o# the employees are not satis#ied
@G
DATA ANAL"SIS AND INTERPRETATION
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= Are yo! satis#ied ith yo!r salaryQ
:pinion Total o!t o# ?G Res!lt
.es >= FG o F =G
I0 , ,0*,:
According to this #ig!re FG o# the employees are satis#ied ith their
salary hile =G o# the employees are not satis#ied
3. Are yo! satis#ied ith the or*ing environment in A8I)7:Q
:pinion Total o!t o# ?G Res!lt
.es =@ B= @ o 1@ >C @
@1
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I0 , ,0*,:
According to this #ig!re B= @G o# the employees are satis#ied ith the
or*ing environment hile >C @G o# the employees are not satis#ied
4. 7ompared to the nat!re o# or* salary scale here are goodQ
:pinion Total o!t o# ?G Res!lt
.es >@ FC @ o @ 1= @
I0 , ,0*,:
@=
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According to this #ig!re FC @G o# the employees are satis#ied ith their
salary hich they are getting in accordance ith the nat!re o# their job
hile 1= @G o# the employees are not satis#ied
5. A#ter retirement the pension hich yo! get according to E7 /o6,,
P,0()o0 S*+,7, 1 5 , are yo! satis#ied ith the schemeQ
:pinion Total o!t o# ?G Res!lt
.es 1@ >C @ o =@ B= @
I0 , ,0*,:
@>
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According to this #ig!re >C @G o# the employees are satis#ied ith the
pension hich they are getting b!t B= @G o# the employees are not
satis#ied beca!se the amo!nt hich they are getting is very lo
!. 0id the 7ompany give yo! bon!s any timeQ
:pinion Total o!t o# ?G Res!lt
.es =G @G o =G @G
I0 , ,0*,:
According to this #ig!re @G o# the employees are getting the bon!s
hile @G o# employees are not getting the bon!s beca!se in A8I)7:
bon!s is being given only to the or*ers and not to the o##icers
@?
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#. Are yo! satis#ied ith the #acilities hich yo! get !nder -SI Act
1D?FQ
:pinion Total o!t o# ?G Res!lt
.es >G C@
o 1G =@
I0 , ,0*,:
According to this #ig!re C@ o# the employees are satis#ied ith the
#acilities hich they are getting !nder -SI Act 1D?F hile =@ o# the
employees are not satis#ied ith the #acilities hich they are getting
!nder -SI Act 1D?F
$. 0o the employees o# the organi4ation gets re ards and recognition in
@@
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proportion to the e3cellence o# their job per#ormanceQ
:pinion Total o!t o# ?G Res!lt
.es =? BG
o 1B ?G
I0 , ,0*,:
According to this #ig!re BG o# the employees are satis#ied ith the
re ards and recognition hich they get in proportion to the e3cellence o#
their job per#ormance hile ?G o# the employees are not satis#ied
. 0o the employees o# the 7ompany get )edical 6acilities a#ter
@B
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retirement or notQ
:pinion Total o!t o# ?G Res!lt
.es G G
o ?G 1GG
I0 , ,0*,:
According to this #ig!re all 1GG o# the employees o# A8I)7: don5t
get medical #acility a#ter retirement
1 . 0oes the 7ompany provides attractive retirement bene#its to its
employeesQ
@C
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:pinion Total o!t o# ?G Res!lt
.es =D C= @
o 11 =C @
I0 , ,0*,:
According to this #ig!re C= @G o# the employees are satis#ied ith the
retirement bene#its hile =C @G o# the employees aren5t satis#ied
@F
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CHAPTER 5
OBSER%ATIONS< FINDINGS< CONCLUSIONS
AND SUGGESTIONS
@D
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O (, =' )o0(
While or*ing on the project, titled Wages & Salary Administration in
A8I)7:, hen as*ed abo!t the satis#action level o# salary, or*ing
environment, retirement bene#its, #acilities !nder -SI Act 1D?Fetc
majority o# employees are satis#ied
While, hen as*ed abo!t the pension scheme, medical
bene#its a#ter retirement majority o# the employees aren5t satis#ied
F)0 )0 ( @ Co0*/8()o0(
:n the basis o# the in#ormation gathered by the means o# $!estionnaire
#illed by the employees o# Personnel & Administration 0epartment,
)aterial )anagement 0epartment, Prod!ction 0epartment etc o# the
:rgani4ation, the #ollo ing concl!sion can be dra n+
1. )ostly employees are satis#ied ith the salary hich they get
2. 7ontract or*ers don5t get the hole compensation beca!se they get
the salary #rom the contractor
3. There is no any provision o# the medical bene#it a#ter retirement
4. )ostly employees are not satis#ied ith the #acilities hich they get
a#ter the retirement
BG
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5. -mployees are satis#ied ith the or*ing environment in the
7ompany
!. -mployees are not satis#ied ith the E7 /o6,,( P,0()o0 S*+,7,
1 5. %eca!se the amo!nt hich they get is very less
#. )ostly -mployees are satis#ied ith the #acilities li*e leaves,
medical #acility etc
S8 ,( )o0(
-mployees sho!ld be provided 7, )*'/ '*)/) 6 a#ter their retirement
too
1. 7ontract or*ers sho!ld also provided ith some #acilities li*e
medical, ho!sing, canteen etc
2. A8I)7: sho!ld provide direct salary to the contract or*ers, by
hich they get hole compensation
3. In every department one *o7 /')0 o sho!ld be there So that,
every employee can p!t their complaint, hich ill go directly to the
concerned a!thority
4. In every department there sho!ld be one (8 ,( )o0 o So that
employees can give their s!ggestion hich ill also be bene#icial #or
the 7ompany
5. 7ompany sho!ld provide /RS
B1
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!. According to the E7 /o6,,( P,0()o0 S*+,7, 1 5 the employees
are not satis#ied so ALIMCO sho!ld la!nch a ne pension scheme
This ill be bene#icial #or the employees a#ter retirement
#. 7orporation sho!ld provide job to the dependent o# those employees
ho died d!ring their service period
B=
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BIBLIOGRAPH"
Personnel )anagement + by )emoria 7 %
'!man Reso!rce )anagement + by 9!pta 7 %
'!man Reso!rce )anagement + by As athappa (
8abo!r 8a s + by Hain S P
Research )ethodology + by (othari 7 R
B>
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ANNEXURE
8,( )o00') ,
A:- I ,0 ) 6)0 )0 o 7' )o0 o +, ,( o0 ,0 :
1. ame o# the employee
2. ame o# the organi4ation ALIMCO
3. Age gro!p ;a< 1F =@ ;b< =B >@
;c< >B ?@ ;d< Above ?@
4. Se3 ;a< )ale ;b< 6emale
5. 8iteracy ;a< 1G th class ;b< 1= th class
;c< 9rad!ate ;d< Postgrad!ate
;e< I# other please speci#y
!. )arital Stat!s ;a< )arried ;b< "nmarried
#. at!re o# the job per#ormed by the employee
B?
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$. 0epartment
. Service -3perience
B: I0 o 7' )=, =),9( 6 +, ,( o0 ,0 :
1. Are yo! satis#ied ith yo!r or* or post on hich yo! are or*ingQ
;a< .es ;b< o
2. Are yo! satis#ied ith yo!r salaryQ
;a< .es ;b< o
3. Are yo! satis#ied ith the or*ing environment in A8I)7:Q
;a< .es ;b< o
4. 7ompared to the nat!re o# or* salary scale here are goodQ
;a< .es ;b< o
5. A#ter retirement the pension hich yo! get according to E7 /o6,,
B@
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P,0()o0 S*+,7, 1 5 , are yo! satis#ied ith the schemeQ
;a< .es ;b< o
!. 0id the 7ompany give yo! bon!s any timeQ
;a< .es ;b< o
#. Are yo! satis#ied ith the #acilities hich yo! get !nder -SI Act
1D?FQ
;a< .es ;b< o
$. 0o the employees o# the organi4ation get re ards and recognition in
proportion to the e3cellence o# their job per#ormanceQ
;a< .es ;b< o
. 0o the employees o# the 7ompany get )edical 6acilities a#ter
retirement or notQ
;a< .es ;b< o
1 . 0oes the 7ompany provides attractive retirement bene#its to its
employeesQ
;a< .es ;b< o
11. Any disabilities, i# yes then please mention itQ
BB
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A06 (8 ,( )o0 o ,, '*; 6o8 9o8/ /);, o *o0 ) 8 ,
BC
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