INTRODUCTION OF THE HRM

Human Resource Management is the organizational function that

deals with issues related to people such as compensation, hiring,

performance wellness, management, benefits, organization development, safety,

employee and

motivation, that focuses

communication, on recruitment,

administration,

training,

management, and providing direction for the people who work in the

organization.

DEFINITION OF THE HRM

According to National Institute of Personal Management in India, The Human Resource Management or Personal Management is that part of general management which is concerned with the people at work and with their relationships within the organization. It seeks to bring together men and women who make up the enterprise, enabling each to make his own best contribution to its

success both as an individual and as a member of working group.

INTRODUCTION OF THE TOPIC

EMPLOYEE REMUNERATION :
Employee Remuneration refers to the reward or compensation given
to the employees for their work performances. Remuneration provides basic attraction to a employee to perform job efficiently and effectively. Remuneration leads to employee motivation. Salaries constitutes an important source of income for employees and determine their standard of living. Salaries effect the employees productivity and work performance. Thus the amount and method of remuneration are very important for both management and employees.

DEFINITION
According to the US Labor Code, A salaried worker in one paid on a regular schedule who receives a predetermined amount on each pay date. The payment the worker receives can be part or the entire predetermined amount. This amount cannot be changed no matter how many days or hours the employee works or the quality of the work performed. This employee must receive the agreed-

upon portion of his salary each week.

OBJECTIVE OF THE PROJECT

To

study on that how to establish a fair, just and equitable wage

and salary structure in Tajshree Motors YAMAHA Pvt.. Ltd. To study of which facilities to provide the employees satisfaction. To study of employees insurance policy structure & provident fund also. To study of incentives plan & how to bring improvement in labor-

management relations in Tajshree Motors YAMAHA Pvt. Ltd.

COMPANY PROFILE

NAME OF COMPANY: YAMAHA MOTORS CO. LTD.

INDUSTRY

MANUFACTURING,

SALES

AND

SERVICING OF YAMAHA MOTOR-BIKES

TYPE : PRIVATE COMPANY

STATUS : OPRATING SUBSIDIARY

FOUNDADE : 1955 IN JAPAN & 1985 IN INDIA

COMPANY SIZE : 3,200 EMPLOYEES

FINDING DATA
DEALERS OF YAMAHA MOTORS CO. LTD. IN MAHARASHTRA

MUMBAI
1. [YAMAHA FACTORY SHOP MUMBAI] 2. [ M/S EXCELLENT YAMAHA]

NAGPUR
[TAJSHREE MOTORS (YAMAHA) PVT. LTD.]

PUNE
[YAMAHA FACTORY SHOP PUNE]

INTRODUCTION TO TAJSHREE MOTORS PVT. LTD.

FOUNDADE :16 JUL, 2008 LAUNCHED BY : RAJESH BANSOD OWNER : PRASHANT BHUTE

TYPE : PRIVATE LTD.

INDUSTRY : BIKES SELLING & SERVICING SIZE : 105 EMPLOYEES

DATA ANALYSIS

When I am visiting in this showroom that time I collect the

information about employees salary structure, overtime

money, provident fund, gratuity, medical care, hospitalization payment, accident relief, health and group insurance & which method to used the wage payment. Employees are divided into three parts, that is:

Sales department Workshop department Spare-part department

EMPLOYEES FEEDBACK :
Total Employees 100 employees Feedback Employees 80 employees No Feedback 20employees

Total no. of employees 100

20 Employees

Feedback Employees

No Feedback To Employees

80 Employees

Q.1 WHAT IS YOUR MONTHLY SALARY APPROXIMATELY?

Total Employees

1,000-5,000

5,000-10,000

10,000-15,000

80 Employee

55 Employee

15 Employee

10 Employee

Employee Salary Structure

10 Emloyee 15 Employee 55 Employee

Salary 1,000-5,000 Salary 5,000-10,000 Salary 1,000-15,000

Q.2 YOU GET YOUR OVER TIME MONEY AS YOU ARE DOING OVER TIME WORK?
Total Employee Yes No

80 Employee

35 Employee

45 Employee

Employee Over Time Money

45 Employee

35 Employee

Yes

No

Q.3 YOU HAVE GETTING FRINGE BENEFITS:

Total Employee Yes 80 Employee 0 Employee

No 80 Employee

Fringe Benefits

80 Employee

Yes No

Q. 4 YOU HAVE GETTING INCENTIVES?

Total employee Yes No

80 Employees

0 Employee

80 Employee

Incentives

80 EMPLOYEES
Yes No

Q.5 YOU HAVE GETTING CANTEEN FACILITY?

Total Employees Yes

No

80 Employee

0 Employee

80 Employee

About Canteen Facility

80 EMPLOYEES

Yes No

Q.6 YOUR SHOWROOM HAS ANY INSURANCE POLICY TO YOU?

Total Employees 80 Employee

Yes 25 Employee

No 55 Employee

Insurance Policy

25 EMPLOYEES

55 EMPLOEES

Yes No

DEEPLY STUDY ON EMPLOYEES ANSWER :

OUT OF 80 EMPLOYEES
QUESTIONS YES 10 Employees 35 Employees 0 Employees 0 Employees 0 Employees NO 70 Employees 45 Employees 80 Employees 80 Employees 80 Employees

Satisfied About Salary

Getting Over Time Money Getting Fringe Benefit Getting Incentives Canteen Facility

80 70 60 50 40 30 20 10 0

YES NO

CONCLUSION
After visiting the showroom & asking question I tried to find out the

measure problem to employees about salary structure. Thereafter I

found the following problems of employees about the salary and there management, insurance policy, over time money, fringe benefit

etc...
The problems were as follows: The relation between employer and employee is not better. No incentives plan to the employees & No over time money. No subsidized canteen facility & no hospitalization payment

The relation between employer and employee is not better.

SUGGESTION :

Appling good incentive plan. Payment by result. Profit sharing with workers.

Good relations between employer and employee.

Provide the better facilities to workers.

BIBLIOGRAPHY
Reference Books : Human Resource Management - V. S. P. Rao Human Resource Management P. Jyoti

Websites : www.google.com
Email id : tajshree_yamaha@rediffmail.com tajshree.group@rediffmail.com