Ppt of Emp Compnsation-edlogix

7/29/2019 Ppt of Emp Compnsation-edlogix

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EMPLOYEE COMPENSATION

AT

EDLOGIX SOFTWARE

SOLUTION


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INTRODUCTION

Employee Compensation and Reward system plays vital rolein a business organization.

PEOPLE are the most important and valuable resource everyorganization has in the form of its employees. Dynamic peoplecan make dynamic organizations. Effective employees cancontribute to the effectiveness of the organization Competentand motivated people can make things happen and enable anorganization to achieve its goals.

HR can help deliver organizational excellence by focusing onlearning, quality, teamwork, and through various employeefriendly strategies.

If an ideal compensation system is designed, it will havepositive impact on the efficiency and results produced by

workmen. Such system will encourage the normal worker to perform

better and achieve the standards fixed.

This system will encourage the process of job evaluation. Itwill also help in setting up an ideal job evaluation, which will

have transparency, and the standards fixing would be morerealistic and achievable.


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OBJECTIVES OF THE STUDY

1. To understand the functioning of HR in organizations withspecial reference to Employee Compensation practices.

2. To understand the different employee compensation programsin the organization

3. To know about the financial benefits and fringe benefitsprovided to the employees.

4. To know the feedback of employees on the benefits given tothem

5. To suggest measures to improve the employee motivationthrough changes in the structure of compensation if required


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NEED OF THE STUDY

1. The study focuses on employee compensation. This study isundertaken to the employee compensation at EdlogixSoftware Solutions.

2. Employee turnover has been identified as a potential obstacle,in implementing strategies.

3. Any practice/system that relies greatly on the activeinvolvement of the employees who are naturally a criticalfactor in the successful implementation and sustainability ofcontinuous improvement of systems and practices.

4. Fair employee compensation policies can control theemployee turnover in a company.


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SCOPE OF THE STUDY

1. Private sector organizations around the world face unprecedentedpressure

to improve service quality while progressively lowering their costs.2. At the same time, they are expected to become more accountable,

customer

focused and responsive to stakeholder needs.3. Achieving these goals involves a transformation in management

practices,processes and culture.

4. I have undertaken my study at Edlogix Software Solutions Pvt Ltd.This is a thorough and readable review of employee benefit practice

which will interest all those faced with implementing or reviewingmeasure-and target-driven regimes.


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METHODOLOGY OF THE STUDY

STATICALL TOOLS USED

1) Frequency Distribution 2) Questionnaire3) Cross tab 4) Co

relation5) Factor Analysis 6) Scale Reliability

RESEARCH OBJ ECTIVETo study the benefits of employees of Edlogix Software Solutions

SOURCES OF DATA

The data gathered through Primary and Secondary Data:

Sample size was taken by 100 employees inEdlogix SoftwareSolutions Pvt Ltd


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LIMITATIONS

Every research project or analysis has specific boundaries overwhich we do not have a hold. Some of the project limitationsinclude:

Respondents were not ready to provide certain information.

Respondents were a bit apprehensive in filling thequestionnaire as they feared that their named will be revealed.

Time constraint

Some senior executives were not willing to share their actual

views because they termed it as confidential. Questioning process influence the respondents


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COMPANY PROFILE

Edlogix Software Solutions Pvt. Ltd. is an information

technology services provider of software solutions and human

capital needs to leading businesses across the globe. A long

time player in the business, the company has helped clients

maximize value from deploying their applications acrossvarious platforms and vendors.

At Edlogix Software Solutions, we specialize in understanding

your IT needs and working with you to find the resources that

will help make your organization successful. At Edlogix Software Solutions, we maintain a substantial

database of potential candidates that have already been

screened and could potentially be a match for future clients.


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Age Of Employees

Interpretation

The data shows that out of 100 employees majority of employees are of

age group 36-45. Which means that 55% of our sample size. And 35%

comes under age group of above 46 years and only 10% of our sample size

comes under age group of 25-35 years.


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Employees Marital Status At Edlogix

Interpretation

The above graph depicts that 56 of the total 100 respondents

are married and 44 employees are unmarried

Marital Status

Single

44%

Married


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Employees Satisfaction Towards Salary

Interpretation

The above table shows 65% of employees Highly satisfied their salary,

28% of the employees satisfied , only 7% of the employees Dissatisfied

with their salary.

Highly Satisfied,

65

Satisfied, 28

Dissatisfied, 7


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Financial & Non Financial benefits importance

Interpretation

The above table Shows 72% of the respondents Strongly agreetheir Financial and non Financial benefits are important,20%agree,8% of the respondents disagree their Financial and nonfinancial benefits importance.

Strongly Agree, 72

Agree, 20

Disagree, 8 Strongly Disagree, 0


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Benefits Compared To Other Companies

Interpretation

Above table says that above 97 % employees agree that their company is

providing them good benefits in comparison to the other companies whichcomes in that area. This means the employees always survey regarding the

benefits. There is little percentage of my sample size who disagrees that isonly one percent.


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Satisfaction towards employee benefit programs

Interpretation

By analyzing the data it is found that majority of theemployees (93%) are satisfied. And no one from the sample

size is dissatisfied.

Dissatisfied

0%

Very satisfied

7%

Satisfied

93%


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Benefits due on time

Interpretation:

The above table shows that 64% of employees strongly agreewho receive their benefits on time,18% agree,12%Disagree,6% of employees Strongly disagree who receivetheir benefits on time.

Strongly Agree, 64

Agree, 18

Disagree, 12

Strongly Disagree, 6


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Join Another Company For Financial Benefits

Interpretation:

The main aim of asking this question was to know will employeewants better salary as well as better benefits also. By this survey wefound that out of sample of 100 employees , Most of the employeeswants better salary as well as better benefits, Few of the employeesdont care of benefits

Strongly Agree, 6

Agree, 8

Disagree, 56

Strongly Disagree, 30


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Company Focus

Interpretation

The above graph indicates that 56% are saying that companyshould focus on providing good allowances, 28% feel that

Good working environment. 16% said some other activities

Good Working

Environment

28%

Others

16%

Providing Good

Allowances

56%


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SUGGESTIONS

There are some employees who are very dissatisfied withrecreational activities provided by the company like picnicsetc. The company should take proper care of those employeesand should try to find out why they are dissatisfied by theseactivities.

There are some percentages of employees who do not getbenefits on time. The company should try to give benefits ontime to all employees. They should try to know whether the

problem is from the company side or from the employee side.

If the company is providing good benefits to all employeesthen why some employees wants to switch to anotherorganization. The company should know where the problem is.


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CONCLUSION

Employee remuneration & financial incentives, though present

in most of the companies, have a modest presence in acompanys compensation plan.

Semi and non-financial incentives are present substantially inmost of the companies. However, most of them are presentmore as a matter of routine procedure, rather than with a

specific purpose to motivate employees. In a marketing organization, the incentives are linked to the

amount of target sales achieved by an employee

Suggestions schemes are aimed at reducing cost and as such,can be used in any manufacturing organization. Service or

marketing organization, where the results or profits aredetermined by the efforts of the employees, would demandincentives, which directly boost the morale of the employeessuch as gain sharing or ESOPs.

Incentives are beneficial to both- the organizations and the

individual.


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Thank you

Ppt of Emp Compnsation-edlogix

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