Professional Documents
Culture Documents
INTRODUCTION:
If you go down to the root of any problem, you shall find HUMAN.
- PETER F. DRUCKER
Human Resources are recognised as most valuable asset for the development of
Organisations. The rapid social and technological change that is occurring, our
society is faced with acute human problems never before encountered. The
Besides, work ethics and values and traditional work system warrants a change to
So from the above table Compensation also plays a vital role in the functions of HR.
Compensation increases ones ability and increases motivation, which results in the
of the organisation.
CONCEPT:
plays a vital role in fulfilling the sea demands of people, but in the absence of
As it is the only asset, which has the dynamic property, and when managed
properly yield optimum results synchronised synergetic effect and any change that
affects the productivity of Human Resources should be noted and rectified at proper
intervals.
handling, wage administration and other related jobs are well established.
unlike other functional areas viz., Production, Marketing, Finance, Planning, R&D.
some key areas of Human Resource Development, it could be possible to explore the
perception of the respondents, who are ultimately the employees of the Organisation
and they are best in reflecting the image of the HR Department in any Organisation.
The study “Compensation and benefit analysis of the organisation” will be
very much helpful to the Top Management. The Overall performance of the
Personnel Department could be well quantified and would be helpful to all levels of
Evaluation of the current trend can be made and the inferences drawn will be
helpful in arriving at the conclusion. Suggestions made in this study could be useful
existing process may be progressed by suitable actions. This study will throw light on
the areas, in which improvement has to be made and rectification of certain errors in
Objectives:
packages.
compensation packages.
• To provide rational suggestions based on the results and findings of the study.
The study has been carried out in Neyveli Lignite Corporation Limited, a giant Public
Sector Enterprise consistently making profits and having approximately 19000
employees. All categories of employees were considered for the sample, which is
drawn using convenience-sampling procedure.
measured with number of key parameters namely, Injuries when he met with an
The study also explore whether there is any perceived differences in attitudes
income level, nature of job, etc., by making use of sophisticated statistical inferential
techniques. The study is likely to throw light on employees’ perception over the
The study is about the measuring attitudes of the employees about the
compensation and other benefits they enjoy and its quantitative in nature. The
pre-conceived notions over the HR Department, the study is not likely to provide the
sampling which is used for collecting data. The estimates may not be having the
accurate information but still they provide a benchmark for further researches on the
topic.