Ispat Wages and Salary Mngt

8/12/2019 Ispat Wages and Salary Mngt

1/92

Wages and Salary Management

Reg. No: 0755301 Roll.No.122

APROJECT REPORT

ONWAGES & SALARY MANAGEMENT AT HOSPET ISPATPVT LTD

ALLANAGAR, KOPPALA

Submitted t Gu!b"#$" %i'e#(it) Gu!b"#$" i *"#ti"!+u!+i!met + --M De$#ee +# t.e A/"demi/ )e"#0112314 b) (tudet + --M- 5i"! Ye"#

Submitted b)N"me 6 Kotraiah.A.M.

C!"(( 6 --M- 5i"! Ye"#

Add#e(( 6 Vi7")""$"# C!!e$e, H(*et.

Under the Guidance.

Dr.M.J.BasavarajM.com, Ph.DSe!e/ti G#"de Le/tu#e#

& He"d

De*"#tmet + Cmme#/e "d M""$emet

VNC, Hospet. BBMFinal


2/92


Vi7")""$"# C!!e$e, H(*et 3829 01:A/"demi/ Ye"#

011230114-

CERTIFICATE

This is to certify that Kotraiah. A.M, Student of B.B.M. Final yearof Viayanagara College has undergoneIn Plant Training at

H!P"T I!PAT P#T. $T%. A$$ANA&AR. !n the topic

'A&"! AN% !A$AR( MANA&"M"NT.

He ha) *re*are+ PR,"-T R"PRT n+er or )*er/i)ion

an+ gi+ane.

Prini*al -oor+inator

#iaanagara -ollege4 %e*artent o6 -oere

Ho)*et. Manageent

#iaanagara -ollege4

Ho)*et



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A( Kt#"i".-A-M, .e#e b) de/!"#e( t."t t.e *#7e/t etit!ed;W"$e( & S"!"#) M""$emet


4/92


The successful accomplishment of any task is incomplete without

acknowledge the contributing personalities who both assisted and

inspired and lead us to visualize. The things that can turn them into

successful of our successors.

At the outset, I would like to acknowledge my sincere gratitude and

thanks to Mr. R.P. Prakash & Mr. R.P. Sharan Basaweswar,M.DS of Hospet Ispat Pvt. Ltd., Allanagar,KPPALand all the

staff for their constant support and guidance, which was certainly

a motivating factor towards the successful completion of the

proect. I wish to place on record my profound indebtedness and a

deep sense of gratitude to Mr. !h"r#$ala Redd% &Dep#t% HR

$anager'who were very much supportive and constant source of

help for my proect.

I am thankful toDr.R. MaregowdM.(o$, M.Ph"l,Ph.D,)DPM&IIMA' principal of!"#, $ospet and all learned faculties for giving me the opportunity

to do this proect.

I would fail in my duty if I forget to acknowledge and thank our

most beloved faculty and my internal guideDr.M.*.Basavara+, M

o$, PhD, =Le/tu#e# & He"d, De*"#tmet + Cmme#/e "d

m""$emet> for his constant encouragement high inspiration,

valuable guidance and his personal involvement in making this

proect a success.

My e%pression e%tend unbounded which is to thank my most

belovedParents and$% -rother and s"ster and all my other family

members and my lov"ng fr"endswho have been always a moral

support and strong pillars at all walks of my life, at every stage

with cheer enthusiasm I dedicate my work to them.



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At last, I wish to e%press my sincere gratitude to one and all that

who have helped me directly or indirectly for my proect.

K!RAIAH.A.M.

CERTIFICATE

This is to certify that, report entitled "8ran+ A9arene)) o6

ar *aage+ +rining 9ater in H;li it at

!ANK"!H'AR MIN"RA$! P#T. $T%.

has #een prepared #y Mr.,A%"!H.K.M.$nder my

guidance and super%ision, this proect em#odies the result

of him effort. &n%estigation and %isits to the %arious

departments concerned.

D"te6

Guide

P!"/e6 H(*et Mr. S&'(N)(* B(SH(. MB(.



6/92


De*t- + Cmme#/e &M""$emet

Vi7")""$"# C!!e$e, HOSPET-

!"T#"T$%. ha&ter

INTROD%CTION

Ob7e/ti'e( + (tud)-

De(i$ + t.e (tud)-

Met.d!$) "d !imit"ti(-

%%. ha&ter

COMPANY PRO5ILE

Cm*") P#+i!e-

Ob7e/ti'e + t.e Cm*")-

"#d( & Di#e/ti'e(-

Vi(i Mi((i

P#du/ti-

R"< M"te#i"!-

M"/.ie#)-

I+#m"ti S)(tem

M" *


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%%%. ha&ter

POLICIES

Hum" Re(u#/e P!i/ie( Re/#uitmet P!i/ie( Se!e/ti P!i/ie( S"+et) P!i/ie( u"!it) P!i/ie( u"!it) Ob7e/ti'e( HR P!"(

%'. ha&ter

THEORETICAL 5RAME WORK

It#du/ti- W"$e SYSTEM- Ob7e/ti'e(- T.e#ie( + W"$e(- Met.d( + *")met- P#i/i*"!( + S"!"#) 5i@"ti- I/eti'e(

'. ha&ter



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WAGES & SALARY MANAGEMENT

Met.dAd'"t"$e( & Di("d'"t"$e(-S)(tem + S"!"#) Di(t#ibuti-

P") S!i*- P#i/i*"! + S"!"#) 5i@"ti- Le"'e

5"/i!itie( t em*!)ee( Di(t#ibuti + S"!"#)

Au"! Atted"/e-

'%. ha&ter5INDINGS & S%GGESTIONS

5idi$( & Su$$e(ti(-

SWOT ""!)(i(

ib!i$#"*.)- ue(ti"i#e-



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CHAPTER-I

INTRODUCTION

Idu(t#ie( "#e t.e m(t 'it"! + "!! (e/t#( t "!!t.e e/mie( + t.e


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e@"m*!e /(ide# e"#!ie# t.e t#"(*#t 'e.i/!e( m"de

b)


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T < t.e *#"/ti/"! "(*e/t( + "

O#$"i("ti =HIPL> "d t.u( i/#e"(e(

M""$e#i"! (i!!(

T #e!"te t.e#eti/"!

P#"/ti/"!

D#$%G" !( T)# $TUD*

T.e idu(t#i"! #$"iB"ti i( +"/e $!b"!

/m*etiti #eFui#e( .um" #e(u#/e(- Hum"

#e(u#/e( m""$emet .e!*( t.e em*!)ee( t

*e#+#m t.e 7b e++e/ti'e!)-

I ") #$"iB"ti i #de# t ."'e " (mt.e#

"d e++i/iet +!< +


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M#T)!D!+!G*

T.e met.d( "d*ted t (tud) t.e ("!"#) "d


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T.e (tud) + t.e *!"t i( #e(t#i/ted !) t


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The location o )%P+

T.e !/"ti + t.e /m*") i( $d +# #m"! bu(ie((

"/ti'itie( e(*e/i"!!) it i( 0 Km "-

L< /(t + t#"(*#t"ti =NH39, R"i!


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OBJECTIVES OF THE COMPANY

T /"##) t.e bu(ie(( + im*#te#(, e@*#te#(,

m"u+"/tu#e#( "d #e(e!!e# + /e, +i#e b"i(

m#t"#(, m"$/"#b( b#i/( "d $#$ "!! t)*e( +

.i$. /"#b(, medium /"#b(, !< /"#b, +e##

"!!), "!! t)*e( + #e+e/t#ie( !"/i$ *i*e(, EI

m"((, /"(e"b!e(, /"!/ied *et#!eum /e, #"-

M"i!) t.e) "#e m"#eti$ t.ei# *#du/t( t

:- Pue3K"!)"i C#*#"ti-

0- A.m"d"b"d-

9- Ad +# /m*"ie( (u/. "( K"!)"i Stee!

idu(t#ie( et/-

T.e(e "#e t.e *e#m"et /u(tme#( t /m*")-

!MP#T%T!R$

T.e +!!


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DEPARTMENTS OF THE COMPANY

De*"#tmet N- + Em*!)ee(HRD 1

A//ut( 12

Di(*"t/. 10

Me/."i/"! 91

St#e( 1

Ci'i! :0

E!e/t#i/"! 0:

L"b 0

P") !"d :

P#du/t .u(e 19

Se/u#it) 0

Wei$.t b#id$e 1

D#i'e#( 1

RMHS :8

Tt"! :



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ORGANISATION CHART


Managing Director

Plant in-charge

General Manager(Works)

Manager(Electrical)

Manager(Maintenance)

Manager(Production)

Manager(QA/Cal)

ManagerAccounts

ManagerH./Ad!in

ManagerMarketing

Managerstores

"hi#t in-charge

"hi#t in-charge "hi#t in-charge "hi#t in-charge

Accountant Assistant Assistant Assistant

Electrician$itter Assistant Che!ist Assistant

Hel%erHel%er


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J!B D#$R%PT%!" !( )R MA"AG#R %" )%P+

Jo7 title-HR M""$e# "d Admii(t#"ti ++i/e#

+ocation-O++i/e

$u&ervision- A( *e# (t"di$ #de#(

#:ui&ments-Cm*ute#, Te!e*.e, Mbi!e *.e et/

$u&ervisors And su7ordinate- HR "((i(t"/e

$alary- A#ud :1,111

ondition o /or-Time 4-11 "d t -11 *m


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CHAPTER-III

POLICIES

H$M(N *S!$*C -!&C&S

T.e +!!


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- Im*#'e /mmui/"ti "d (e/u#e /3*e#"ti

+#m em*!)ee-

8- P#'ide /#ite#i" =me"(u#i$ )"#d(> +#

*e#+#m"/e e'"!u"ti + *e#(( i'!'ed i

#e/#uitmet-

- ui!d em*!)ee( et.u(i"(m "d !)"!t) "d

i/#e"(e t.ei# /+ide/e-

SCT&!N -!&C&S/

:- Se!e/ti C#ite#i"-

0- Se!e/ti *#/e((-

9- De/i(i3m"i$-

- Cmmui/"ti-

S(FT0 -!&C&S/

S"+et) "d .e"!t. me"(u#e( im*!emeted +# t.e

(tud) +


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2- A*#( u**e#


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D"te6 10dAu$u(t 011-

M""$i$

Di#e/t#-

QUALITY OBJECTIVES

E."/e /u(tme# ("ti(+"/ti-

E++e/ti'e P!"i$, *#'i(i( "d uti!iB"ti +#e(u#/e-

Ctiu"!!) im*#'emet # *#/e((-

P#'idi$, T#"ii$ "d Mti'"ti$ Em*!)ee("t "!! !e'e!(-

Im*#'i$ #e!i"bi!it) + (u**!ie#(-



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E(u#e ("+e


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t#"ii$ (/i"!iBi$-

9- De'e!*met

*!"(

M""$emet

de'e!*met,

/"##ie#

de'e!*met

O++ t.e 7b t#"ii$

e'"!u"ti, /"#ee#

(t"$e-

- %ti!iB"ti P!"( P#mti t#"(+e#

et/-


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CHAPTER-IV

TH!*T&C( F*(MW!*' !F W(1 (N)

S((*0 M(N(1MNT

%"TR!DUT%!"

A (ud


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$#ie'"/e( + t.e


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"!TA8$I!HIN& A 'A&" !(!T"M

A!!


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$A+AR*-

T.e te#m ("!"#) i( de+ied "( t.e #emue#"ti

*"id t t.e /!e#i/"! "d m""$e#i"! *e#(e!

em*!)ed mt.!) # "u"! b"(i(-

8,"-TI#"! < 'A&" AN% !A$AR( MANA&"M"NT

:- T "/Fui#e Fu"!i+ied "d /m*etet *e#(e!

0- T #et"i t.e *#e(et em*!)ee(-

9- T (e/u#e ite#"! "d e@te#"! eFuit)-

- T e(u#e de(i#ed be."'i#ut*ut-

$ystem to achieve the o7jectives-

:- Jb e'"!u"ti-

0- W"$e "d ("!"#) #"$e(-

9- W"$e "d ("!"#) "d7u(tmet(-

The #lements o ;a0es and $alary system-

:- Re!"ti$ ("!"#) t eed( "d $"!(-0- De'e!*i$ Fu"!it), Fu"tit) "d time (t"d"#d(

#e!"ti$ t


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T;! T)#!R%#$ !( ;AG#$-

"> T.e C!"((i/"! t.e#ie( +


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B

+"/t#( "#e *#'ided b) t.e (tudie(, #e(e"#/., "/ti

*#$#"m( et/-, /du/ted b) be."'i#"! (/ieti(t(,

t"b!) idu(t#i"! *()/.!$i(t( "d (/i!$i(t(-

:- T.e em*!)met( "//e*t"/e + "


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PARAM#T#R$ !( A !MPA"%#$ ;AG# P!+%*-

%* t d"te "( m") "( 0


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- T e"b!e e'e#) em*!)ee( t #e"/. .i( +u!!

e"#i$( *teti"!-

8- T e(u#e t."t t.e em*!)ee( (."#e i t.e

/m*"ie( $"i i *#du/ti'it)-

T.e /."#"/te#i(ti/( + " e++i/iet


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M#T)!D$ !( PA*M#"T

T.e /m*e("ti t."t " em*!)ee /" e@*e/t

+# .i(


50/92


1. T%M# ;AG# $*$T#M-

Gee#"! C."#"/te#i(ti/(6 It i( t.e !de(t ()(tem +

#emue#"ti$ !"b#- %de# t.e d")


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Advanta0es-

Sme + t.e e!imi"ti$ "d'"t"$e( + t.i( ()(tem

"#e6

:- It i( 'e#) ("ti(+"/t#) + t.e #"te( #e+!e/t t.e '"!ue

+ t.e time (*et t.e


52/92


9- T.e .e#di$ t$et.e# + me it /!"((e(

#e$"#d!e(( + *e#("! /."#"/te# "d *e#+#m"/e

!e"d( t em*!)e#3em*!)ee #e!"ti( *#b!em(-

Measured day /or-

H-L- G"tt ."( #e/mmeded t.e Mu!ti*!e Time P!"

"( " im*#'emet 'e# t.e time


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*#e'"i!i$


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Advanta0es-

:- T.e /(t + (u*e#'i(i be/me( /m*"#"ti'e!)

!e((, "( t.e


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PRIN-IP$"! < !A$AR(


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#e(t#i/ted b) t.e "#ti+i/i"! b"##ie#( /t"ied i " #i$id

("!"#) (t#u/tu#e-

D#T#RM%"AT%!" !( ;AG#$-

T.e ("!"#) (t#u/tu#e + " ete#*#i(e i( bui!t t.e

*#emi(e t."t e"/. 7b ."( it(


57/92


I/eti'e P!"( (t"d"#d de+iiti + "


58/92


:- I/eti'e e"#i$( "#e +te t "deFu"te-

0- T.e#e m") be, "(


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CHAPTER-V

W"$e "d ("!"#) ()(tem i HIPL

M#T)!D !( ;AG# A"D $A+AR*

HIPL ."( !) time


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Em*!)e# /" uti!iBed em*!)ee( t t.e#


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PA* $+%P

A$UA+ +#A'# >+

5i"/i"! M""$emet

=) G--ALIGAR>

WESITS

///.hillhos&etsancharnet.com

///.hi&l.com

http://www.hipl.com/http://www.hipl.com/


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///.hillhos&et.com

%ESTIONNAIRE

Dear Res&ondents,

I *"#ti"! +u!+i!met + t.eeFui*met +# M *#$#"m- I ."'e ude#t"e IN3

PLANT TRAINING WAGES & SALARY

MANAGEMENT-

I eed )u# /3*e#"ti -I


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Thanin0 you,

=KOTRAIAH

A-M->

5i"! )e"# M

Vi7")""$"#" C!!e$e

HOSPET,

:- H"'e )u bee +ee!i$ t.e /m*") i(

"> Gd b> N"tu#"! /> "d

0- H"'e )u /m+#t"b!e *!"/e i t.e *!"t t d

N

- H"'e )u bee ("ti(+)i$ i m""$emet

"> Ye( b> N

8- H"'e )u bee !i'i$ /m+#t"b!) +#m )u#

e"#i$(

"> Ye( b> N /> N"tu#"!



82/92


- D )u +ee! i( t.i( /m*") e'i#met

.e"!t.)

"> Ye( b> N /> N#m"!

- H"'e )u bee ("ti(+ied i Gd b> "d /> N#m"!

2- W."t "but m"$e#( d )u +ee!

"> Gd b> b"d /> N#m"!

4- Cm*") $i$ t e@ted t.e uit, "#e )u

"> H"**) b> %."**)

:1- H"( /m*") bee /t#ibuti$ t

e'i#met

"> Ye( b> N

HIPL $i$ t e'e#) )e"# /t#ibute t e'i#met

01 + t.e *#+it

::- H"( /m*") ") imm"tu#e em*!)ee(

"> Ye( b> N

:0- H"( /m*") ++e#ed t )u ") +d

(*e/i"!it) +#


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"> Ye( b> N

:9- H"( bee /m*") $i$ t +id )u#

t"!et

"> Ye( b> N

I+ )e(


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BA)#+!R$ D#GR## %" BU$%"#$$

MA"AG#M#"T + Gu!b"#$" %i'e#(it),

Gu!b"#$"

Y

K!TRA%A) A M

5INAL YEAR M

%de# t.e Guid"/e +

Ite#"! Guide E@te#"! Guide

Dr.M.J.Basavaraja

Mr.T)%RUMA+AR#DD*

=M/m, P.D> =H-R- M""$e#>Se!e/ti G#"de Le/tu#e#5"/u!t) Membe#

DEPARTMENT O5 COMMERCE AND MANAGEMENT

VIJAYANAGAR COLLEGE, HOSPET382901:

ACADEMIC YEAR 011230114



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ha&ter %

INTROD%CTION

Ob7e/ti'e( + (tud)

De(i$ + t.e (tud)

Met.d!$) "d !imit"ti



86/92


ha&ter %%

COMPANY PRO5ILE

Cm*") P#+i!e Ob7e/ti'e + t.e Cm*") "#d( & Di#e/ti'e( Vi(i Mi((i P#du/ti R"< M"te#i"! M"/.ie#)

I+#m"ti S)(tem M" *


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ha&ter %%%

POLICIES

Hum" Re(u#/e P!i/ie( Re/#uitmet P!i/ie( Se!e/ti P!i/ie( S"+et) P!i/ie( u"!it) P!i/ie( u"!it) Ob7e/ti'e(

HR P!"(



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ha&ter %'

THEORETICAL 5RAME WORK

It#du/ti W"$e SYSTEM Ob7e/ti'e( T.e#ie( + W"$e( Met.d( + *")met P#i/i*"!( + S"!"#) 5i@"ti I/eti'e(



89/92


ha&ter '

WAGES & SALARY MANAGEMENT

Met.dAd'"t"$e( & Di("d'"t"$e(-S)(tem + S"!"#) Di(t#ibuti-

P") S!i*- P#i/i*"! + S"!"#) 5i@"ti-

Le"'e5"/i!itie( t em*!)ee(Di(t#ibuti + S"!"#)Au"! Atted"/e-



90/92


ha&ter '%

5idi$( & Su$$e(ti(

5idi$( & Su$$e(ti( SWOT ""!)(i(

ib!i$#"*.) ue(ti"i#e



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Ispat Wages and Salary Mngt

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Transcript of Ispat Wages and Salary Mngt