Preview

Research on Salary and Wages at Ntpc

Satisfactory Essays
Open Document
Open Document
16279 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Research on Salary and Wages at Ntpc
A SUMMER TRAINING PROJECT REPORT On
“A study on Wage and Salary Administration, Performance Linked Incentive
Scheme and Quality of Work Life”
At

NTPC Ltd.
FARAKKA, WEST BENGAL
Submitted in the Partial Fulfillment of
“Master of Business Administration” SUBMITTED TO: SUBMITTED TO Ms. Pragya Sonam Ohiduzzaman Professor Roll No:-1159970008

FACULTY OF MANAGEMENT (UPTU Code- 599)
JAHANGIRABAD EDUCATIONAL TRUST GROUP OF INSTITUTIONS, JAHANGIRABAD, BARABANKI U.P, 225001

STUDENTS DECLARATION
I hereby declare that the project report entitled:
“A study on wage & salary Administration, Performance Linked Incentive Scheme& Quality of Work Life”
Submitted in partial fulfillment of the requirements
For the degree of
MASTER OF BUSINESS ADMINISTRATION
TO
JAHANGIRABAD EDUCATIONAL TRUST GROUP OF INSTITUTION,

OHIDUZZAMAN
COUNTER SIGNED BY THE PROJECT GUIDE
PLACE: FARAKKA
DIST: MURSHIDABAD
STATE: WEST BENGAL
DATE:

ACKNOWLEDGEMENT
I, ohiduzzaman, a student of MBA (Final year) of J.E.T.G.I want to take this opportunity to thank these persons concerned who whole-heartedly co-operated with me to make this project a success.
At first I want to render my gratitude to Mr. HIMANSU KUMAR BEHERA, (Officer HR) who, with his immense treasure of knowledge and helpfulness

You May Also Find These Documents Helpful

  • Powerful Essays

    Job Analyis & Compensation

    • 3835 Words
    • 16 Pages

    Throughout the course of this semester, compensation systems and methods have been evaluated to determine how the compensation processes are utilized to attract and retain employees. Compensation is not only a monetary benefit, but also includes indirect benefits such as insurance, paid time off, disability leave, etc. Both direct and indirect benefits make up a compensation package. Within this paper, similar positions from the private, public, and military sectors have been evaluated with like roles and responsibilities to compare the compensation packages. The following positions have been chosen: Chief Financial Officer for private sector; State Comptroller for the public sector; and Director of Army Budget Office for the military sector. Several factors of the compensation system have been included such as the job analysis, job description, comparable work salary survey, market pay line, pay range, a comparison of each position, an analysis of the differences in compensation, and a career suggestion for a young professional. All of these factors make up the compensation system providing data and analysis to define a compensation package for each position.…

    • 3835 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Performance Related Pay

    • 993 Words
    • 4 Pages

    The data was collected from a variety of books dedicated to the subject of Performance Related Pay and from an article entitled: Performance Related Pay is it a motivator? Also from internet sources.…

    • 993 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Currently, many companies are utilizing the performance related pay (PRP) scheme. The PRP is often regarded as an effective method to achieve a better performance in both individual and collective terms.…

    • 1831 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Job performance is influenced by many factors. According to Kreitner and Kinicki (2007), performance management is “continuous cycle of improving job performance with goal setting, feedback and coaching, and rewards and positive reinforcement”. In this study the focus was given to compensation scheme. An investigation was conducted at PT. Telkom Malang Regional Office to see how such factors of compensation scheme affect job performance of the employees. The question that prompted the current investigation was "What degrees at which the salary, incentives, benefits, promotion, self-development, and work environment collectively or individually have influence on employee performance?".…

    • 5671 Words
    • 23 Pages
    Good Essays
  • Powerful Essays

    This project not only enhanced my knowledge in the field of field of principle and policy making in present business scenario but latest strategy trend involved in formulation of wages and salary administration in an organisation.…

    • 11831 Words
    • 48 Pages
    Powerful Essays
  • Powerful Essays

    I sincerely would like to thank mr. devan –senior executive personnel/admin for providing me with valuable inputs and guiding me through out. It was due to his kind valuable co-operation through which I could…

    • 7522 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    In the venture , cooperation is sought from many persons . It is my humble duty to express great sense of gratitude to my project guide Dr.Azra Israt under whose support and supervision made my project successful. .…

    • 16093 Words
    • 65 Pages
    Powerful Essays
  • Powerful Essays

    Dabur Performance Appraisal

    • 11296 Words
    • 46 Pages

    I must, however, especially Render & My special sincere thanks towards MR. VIVEK KAWTERA (Faculty, Management.H.R)”, for giving…

    • 11296 Words
    • 46 Pages
    Powerful Essays
  • Powerful Essays

    At first I would like to thank prof.venugopalrajamanuriwho tiled path to complete the industry analysis on operations, finance and implementation of project, consecrated me with courage of facing obstacles in setting up own project. His valuable experience and knowledge of the field removed the difficult at all crucial junctures. I wish to express thankfulness towards EThames Business school who supported me and provided required resources to compile my work successfully.…

    • 1932 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Especially I am very thankful to the Head of Human Resource department of NBP Mr. Ghulam Abbas who…

    • 19049 Words
    • 77 Pages
    Powerful Essays
  • Powerful Essays

    Grameen Phone

    • 4188 Words
    • 16 Pages

    Corporate Social Responsibility; therefore we endeavor to make a positive contribution to the underprivileged community of Bangladesh by helping in improvement of the health perils in the country as much as possible. Healthcare is still inaccessible for many Bangladeshis. Almost half of the country's population live below the poverty line and cannot even afford basic healthcare. Only 35% of the rural population use adequate sanitation facilities and 72% have access to clean drinking water. Moreover the people of the flood-prone areas suffer from many waterborne diseases. Two of the Millennium Development Goals (MDG) are to; reduce the under-five mortality rate and to improve maternal health by reducing the maternal mortality rate. In Bangladesh, the infant mortality rate is 66 per 1000…

    • 4188 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Smrity

    • 14589 Words
    • 59 Pages

    ETHICS IN TATA POWER” submitted by me to Banarsidas Chandiwala Institute of Professional Studies, Dwarka is a bonafide work undertaken during the period from ________ to _______ by me and has not been submitted to any other University or Institution for the award of any degree diploma / certificate or published any time before.…

    • 14589 Words
    • 59 Pages
    Powerful Essays
  • Better Essays

    Compensation is a form of pay and rewards received by employees on the basis of their performance. Compensation divides into two parts: direct and indirect compensation. Direct compensation includes employee wages and salaries, incentives, bonuses, and commission. Indirect compensation includes employee recognition programs, rewarding jobs, organizational support, work environment and flexible work hours to accommodate personal needs (Belcourt et.al, 370). “Wal-Mart” is the biggest retail and grocery chain in the world. Currently, Wal-Mart is an organization with revenue of $408 billion in 2010, and operates in 8,416 stores worldwide in fifteen counties with different names (http://www.wakeupwalmart.com/facts/index_alt3.html, 11/01/10). This paper analyzes compensation in Wal-Mart and, how Wal-Mart’s failure to compensate its employees, has lead to unmotivated workers, which ultimately increased the turn-over rate. According to our research, Wal-Mart has relatively weak compensation strategies in terms of how it allocates bonuses and the uneven distribution of bonus funds between executives and regular employees. Also, health insurance plans are not provided by Wal-Mart for the hourly-wage employees but executives’ health insurance plans are fully paid for. If Wal-Mart does provide regular employees with health insurance plans, employees are required to contribute some money into their own health coverage. Wal-Mart is unable to accommodate employees’ needs by providing flexible work hours, and promotions are seldom rewarded to women. These issues will be further elaborated upon in this paper.…

    • 1975 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Effectiveness of Pms in Gail

    • 26317 Words
    • 106 Pages

    With deep regards and humble respect I would like to thanks Shri M. Baa DGM (HR),…

    • 26317 Words
    • 106 Pages
    Powerful Essays
  • Good Essays

    Compensation

    • 693 Words
    • 3 Pages

    Compensation is a methodical approach to provide monetary value, financial return, tangible services and other benefits that the employees received as part of their employment relationship. There are 2 types of compensation that can be given to the employees; monetary and non-monetary. Monetary includes wages, salaries, bonuses, insurance plans, social assistance benefits and paid absences. Non-monetary involves meaningful and challenging works, recognition and career advancement, safe and healthy working environment, and fair treatment. It can be used by the management to further the existence of the company because of its variety of purposes that can be adjusted according to the business’ goals, needs and available resources. These purposes are—to employ and retain employees; to boost morale/satisfaction; to reward and encourage exceptional job performance; achieve internal and external equity; encourage the employees’ company loyalty; and to modify the practices of unions. Compensation is needed to employ qualified applicants for open positions and to retain qualified employees in the company in order to achieve the desirable organizational results. There must be an equity between the monetary value and the sentiments of worth felt be the employee to increase the morale and job satisfaction. It can also be used as a reward for excellent job performance in the form of bonuses, commissions, stock, profit sharing, gain sharing etc. Increasing salaries and salary levels can prevent the turnover of the employees to another company and can develop their company loyalty. There are factors that influence the salary levels, namely, conditions of labor market, compensation policy of organization, worth of job, employee’s relative worth, employer’s ability to pay, legal requirements, collective bargaining, area wage rates and conditions of labor market.…

    • 693 Words
    • 3 Pages
    Good Essays