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COMPENSATION MANAGEMENT
CHAPTER-IV
DATA ANALYSIS
&
INTERPRETATION
COMPENSATION MANAGEMENT
1. Pay and compensation package is adequate and fair in comparison to performance.
OPTIONS NO OF RESPONSES
Strongly agree 18
Agree 52
Neutral 18
Strongly disagree 12
Interpretation:
The survey revealed that most of the employees agree for the reason of their pay and
compensation package is adequate and fair in comparison to performance and some are disagree.
COMPENSATION MANAGEMENT
2. Medical facilities provided by the organization suites your health needs?
OPTIONS NO OF RESPONSES
Strongly agree 38
Agree 46
disagree 14
Strongly disagree 0
Interpretation:
The survey revealed that most of the employees agree and strongly agree for the reason
of the medical facilities provided by the organization which suits their health needs, and few are
disagree.
COMPENSATION MANAGEMENT
3. Recognition & rewards are given based on employee performance.
OPTIONS NO OF RESPONSES
Strongly agree 18
Agree 48
Neutral 16
Disagree 18
Interpretation;
The survey revealed that most of the employees agree and strongly agree for recognition
and rewards are given based on employee performance but some are disagree.
COMPENSATION MANAGEMENT
4. Do you think the reward system is fair and adequate?
(a) YES (b) NO
s.no Options No. of Responses Percentage
1 YES 36 72
2 NO 14 28
TOTAL 50 100
72
28
0
1020
30
4050
60
7080
1 2
yes no
% of respondents
Percentage
Interpretation:
About 72% said that the reward system is fair and adequate and 28% responded
that it is not fair.
COMPENSATION MANAGEMENT
5. Do you think that a good workman gets motivated with frequent Compensative pay? Is
conducted?
(a) YES (b) NO
s.no Options No. of Responses Percentage
1 YES 44 88
2 NO 6 12
TOTAL 50 100
Interpretation:
A majority of 88% of the employees said that a good workman gets motivated with frequent
Compensative pay and 12% of the employees are not satisfied with above.
% of respondents
88% YES
12% NO
COMPENSATION MANAGEMENT
6. Satisfaction level in ASHOK LEYLAND Comparison with other Companies
Opinion of the employees TATA
MOTORS
ASHOK EICHER TVS
Opinion % 50% 75% 40% 30%
INTERPRETATION:
The survey reveals that the employees’ satisfaction level in ASHOK LEYLAND Ltd is
above average when compared to Others. an employee of ASHOK LEYLAND was satisfying
with their Rewards & Recognitions.
COMPENSATION MANAGEMENT
7. Employee Preference on Rewards and Recognition in Comparison with other Companies:
Opinion of employee of difference
companies
Reward Recognition Both
TATA MOTORS 5 20 75
ASHOK 10 0 90
EICHER 0 40 60
TVS 25 25 50
INTERPRETATION:
COMPENSATION MANAGEMENT
From the analysis we came to know that the many respondents of different industries prefer both
the Rewards and Recognition. Some employees prefer the recognition and the very few are
prefer the only rewards.
8. Do you think Compensation management is needed in a company?
(a ) YES (b) NO
s.no Options No. of Responses Percentage
1 YES 100 100
2 NO 0 0
TOTAL 100 100
% of respondents
100
00
20
40
60
80
100
120
1 2
yes
Percentage
no
INTERPRETATION:
To above question, almost 100% of the employees thought that Compensation
management is needed in a company.
COMPENSATION MANAGEMENT
9. Do you think that incentives are needed for Compensation management programmers?
(a) YES (b) NO
S.NO OPTIONS NO OF RESPONDENTS % OF RESPONDENTS
1 YES 100 100
2 NO 0 0
TOTAL 100 100
% OF RESPONDENTS
100
00
20
40
60
80
100
120
1 2
Yes No
Interpretation:
From the above analysis we can say that 100% of the employees feel
Those incentives are needed for attending Compensation management. 0% of the employees feel those incentives are not needed for training programmers.
COMPENSATION MANAGEMENT
10. Job provides scope to achieve goals?
Response Respondents % of Respondents
Strongly Agree 20 26.67
Agree 24 32
Neutral 10 13.33
Disagree 12 16
Strongly 9 12
Interpretation:-
From the above table, it is clear that, 32 % of employees agree that there is scope
for achieving goals and 26% of them are strongly is agreed.
COMPENSATION MANAGEMENT
11. Freedom to take decision?
ResponseRespondents % of Respondents
Strongly Agree 5 6.67
Agree 10 13.33
Neutral 15 20
Disagree 20 26.67
Strongly 25 33.33
Interpretation:-
From the above table, 13 % of employees agreed that they have the
COMPENSATION MANAGEMENT
Freedom to take decision with the decision taking and 33% of employee doesn’t have
freedom to take decision.
COMPENSATION MANAGEMENT
12. Better position in near future?
Response Respondents % of Respondents
Strongly Agree 21 26.67
Agree 32 42.33
Neutral 10 13.33
Disagree 7 9.33
Strongly 5 6.67
Interpretation:-
From the above table, 42 % of employees agree that they can see themselves in a
better position in near future and 26% strongly agree that they can place themselves in a
better position very few disagrees for the above.
COMPENSATION MANAGEMENT
13. Working under in human working conditions:
Response Respondents % of Respondents
Strongly Agree 25 33.33
Agree 30 40
Neutral 11 14.67
Disagree 4 5.33
Strongly 5 6.67
Interpretation:-
From above table 40% of employees agree with the working conditions are
human and 33% of employees strongly agree.
Respondants
25
30
11
4 5
Strongly Agree
Agree
Neutral
Disagree
Strongly
COMPENSATION MANAGEMENT
14. Benefits provided by the company?
ResponseRespondents % of Respondents
Excellent 12 16
Good 21 18
Average 18 24
Bad 9 12
Very Bad 15 20
Interpretation:-
From the above table, 16% of the employees said Excellent benefits provided by
the company, 18% of employees Good, 24% of employees have good, 24% off employees
have average 12% of employees have bad, 20% of employees have very sad opinion.
COMPENSATION MANAGEMENT
15. How do you feel about work load?
Response Respondents % of Respondents
Relaxed 13 17.33
Normal 45 60
Burden 7 9.33
Over Burden 3 4
Satisfy 8 10.67
Respondents
13
45
73 8 Relaxed
Normal
Burden
Over Burden
Satisfy
INTERPRETATION:-
From the above table, 17.33% of the employees have told Relaxed work load,
60% of employees have normal, 9.33% of employees have Burden, 10.67% off employees
have satisfy the work load in the company.
COMPENSATION MANAGEMENT
16. How do you feel about responsibility?
Response Respondents % of Respondents
Highly Response 36 48
Response 28 37.33
Not Response 3 4
No Opinion 8 10.67
INTERPRETATION:-
From the above table, 48% of the employees feel highly responsible, 37.33% of employees
Responsible, 4% of employees doesn’t feel Responsibility, 10.67% of employees no opinion on
the responsibilities.
COMPENSATION MANAGEMENT
17. Satisfied with the company rules?
Response Respondents % of Respondents
Highly Satisfied 47 62.67
Satisfied 18 24
Dissatisfied 6 8
Highly Dissatisfied 4 5.33
INTERPRETATION:-
From the above table 20% of employees have highly satisfy the personal development, 32% of
employees satisfy, 40% of employees dissatisfy, 8% of employees highly Dissatisfy with the
personal development.
COMPENSATION MANAGEMENT
CHAPTER-5
FINDINGS
&
CONCLUSION
SUGGESTIONS
COMPENSATION MANAGEMENT
FINDINGS
Employees in ASHOK LEYLAND are well satisfied with Management towards the
proper decision in generating their own ideas working environmental conditions.
A study portrays that 75% of respondents show improvement in the quality of
workmanship, in participating the organization.
The Compensation management in management provides better understanding to the
employees about their roles in achieving the goals of the company.
The Compensation management in management acts as a complimentary body to help
collective bargaining that creates healthy work atmosphere and legal relations in ASHOK
LEYLAND
Every member in the organization are very much well satisfied with the job, in developing
their working conditions, and following their rules and regulations at regular intervals of
time, conducted by the management.
A study portrays, 60% of employees rate excellent in maintaining good relations in the
organization between workers and management and 25% are well satisfied with the
relations maintain by the management towards the workers.
COMPENSATION MANAGEMENT
CONCLUSION
“The global business environment is buzzing with the single most important issue of Building a
competitive edge by creating and retaining a large number of Employees than their goods and
services every organization is therefore seized of the task of establishing sustaining its worth to
the customer, who has been rendered unpredictable by competition”
Therefore every business is making a continuous effort for achieving Employees effort for
achieving Employees loyalty
In short it is total organizational culture and brand equity, which face challenge. So that there is a
perennial struggle amongst organizations to sustain their existence in the market place, and hence
in order to sustain the stiff competition the company has to take up market Research frequently
to know the changing needs & preference of the Employees.
This helps the company to reframe the policies in providing cutting edge technology to satisfy
the Employees & retain him for a life time.
COMPENSATION MANAGEMENT
SUGGESTIONS
There should be coordination and cooperation between executives and non-executives.
The employees have a high degree of understanding of the concept of worker’s
participation in management
Suggestive and collective bargaining should be more effective that they can play much
greater role in eliminating the communication gap between management and workers.
The committees should pay more attention on areas where is scope for improvements,
so as to improve the overall performance of the company.
The employees want the company to give rewards in accomplishing the tasks.
Improve the promotion and recognition system.
Every year a survey should be conducted by management regarding the grievances and
settlement should be done so that every employee will work with dedication.
See that the quality of food is maintained in the canteen.
The suggestions of the workers must be given importance in the decision making.
The various other facilities and schemes provided by the company such as sports,
recreation, compensation and benefit packages, incentives etc are satisfactory.
COMPENSATION MANAGEMENT
CHAPTER-6
BIBLIOGRAPHYQUESTIONNAIRE
COMPENSATION MANAGEMENT
BOOKS
Aswathappa.k, Human resource and personnel management, 3/e, TMH, 2003.
Mamoria.C.B and Gankar.S.V. Personnel management, text and cases, Himalaya Publications,
2003.
Gary Dessler, Human Resource Management, 9/e, Prentice Hall India, 2003.
G.C. Berry, Business Statistics, 2/e, TMH, 2003.
S.P. Gupta, Statistical Methods, 34/e, Sultan Chand & Sons.
JOURNALS
Personnel Management, June, July, August, editions.
Human Capital, June, July, August, editions.
Indian Management, April, June, November, editions (2006&2007).
COMPENSATION MANAGEMENT
INTERNET
http://www.google.com
http://www.wikipedia.com
COMPENSATION MANAGEMENT
ANNEXURE
QUESTIONNAIRE ON
COMPENSATION MANAGEMENT
Name:
Designation: Age:
Pay and compensation package is adequate and fair in comparison to performance
Medical facilities provided by the organization suites your health needs
Recognition & rewards are given based on employee performance
Do you think the reward system is fair and adequate
. Do you think that a good workman gets motivated with frequent Compensative pay? Is
conducted?
Satisfaction level in ASHOK LEYLAND Ltd Comparison with other Companies
Employee Preference on Rewards and Recognition in Comparison with other Companies
Do you think Compensation management is needed in a company?
Do you think that incentives are needed for Compensation management programmers?
Job provides scope to achieve goals?
Freedom to take decision
Better position in near future
Working under in human working conditions Benefits provided by the company
How do you feel about work load
How do you feel about responsibility
COMPENSATION MANAGEMENT
Satisfied with the company rules?
Any Suggestions