A

SYNOPSIS
ON
COMPARATIVE STUDY OF PERSONAL POLICY

In the partial fulfillment of the requirement for

The award of the degree of

Master of Business Administration

2015-2017
SUBMITTED TO : SUBMITTED BY
MS. Vibhuti Sharma
RICHA SHRIVASTAV
(Asst. Prof.) MBA 4th Sem.
Roll No. 1508570091

S.D. COLLEGE OF MANAGEMENT STUDIES,

MUZAFFARNAGAR
 Objectives of the Study

To know employer attitude towards the compensation system & welfare policy.

To study about the major HR policies adopted by the managers of selected firms of

steel industry.

To study how consistently the policies have implemented.

 RESEARCH METHODOLOGY

Research can be defined as a careful investigation or inquiry especially through search for

new facts in any branch of knowledge. Research is, thus an original contribution to the

existing stock of knowledge making for its advancement. It is the pursuit of truth with the

help of study, observation, comparison and experiment. In short, the search for knowledge

through objective and systematic method of finding solution to a problem is research.

Selection of methodology for a particular project is made easy by sorting out a number of

alternative approaches, each of them having its own advantages and disadvantages. Efficient

design is that which ensure that the relevant data are collected accurately.

The researcher has to think about what procedure and techniques should be adopted in the

study. He should arrive at the final choice by seeing that the methodology chosen for project

is indeed the beast one, when compared with others

Research Process: ---- Before embarking on the details of research

methodology and techniques, it seems appropriate to present a brief

overview of the research process. Research process consists of series of

actions or steps necessary to effectively carry out research and the

desired sequencing of these steps. The sequence is as follows-

 Define Research

Review concept and theories

Formulate Hypothesis

Design research (sample size)

Collection of data

Analysis data

Feed back

Interpret and report

 Suggestion and recommendation

The term Research Methodology indicates an exhaustive and searching investigating into

some accepted principles and conclusions, so as to bring into light some new and novel

facts .The first step towards any research is to identify the problem and look at it objectively.

One problem to be studied is decided, the steps to be finalized as follows:-

The Sample is to be surveyed as to get the reliable result.

Methods to be used for collecting required information.

Interpretation of data to get the required result through an analysis.

Provide the necessary recommendations and suggestions.

The methodology is based on the extensive experience in qualitative and quantitative

interview methods with both workers and factory managers .The study solicits and examines

HR policies and offers insight into the ethical and business perspective of the issue through a

survey for its analysis .The study relied on trained interviews using a structured interview to

gather a broad range of information regarding the HR policies prevailing in the

organization .The study emphasizes on both engineers and senior engineers interviews

conducted at JSL Plant employees .

Interviews were conducted and the Questionnaires were filled between 20th June 2009 to 5 th

July 2009. All the Engineers were interviewed with convenience from the available list from

the different departments. Onsite interviews were also conducted at random for further clear
picture prevailing in the organization. The aggregate result of the interviews presents a Clear

picture of the HR policies in the Organization.

INTRODUCTION

Policies are the very important aspect for any organization. It is a tool that helps an

organization for better functioning. These involve managing the relationship between the top

management as well as lower management. The goal of HR Policies is to ensure that the firm

is able to continue its operations. And that it has sufficient to satisfy both maturing short-term

debt and upcoming operational expenses.

Management should use a combination of policies and techniques for the management of HR

policies. These policies aim at managing the work balance according to requirement. In HR

Policies we can include the following.

Recruitment

Selection

Induction

Training and development

Compensation system

Leave policy

Welfare policy
Mallikarjunam K (2005)- The HR policies have assumed a new shape and nature in the form

of a two-way communication link between the employees and the employers. Proper

communication between the assessing authority and the employees under policies are

essential for gathering all the required information from the employee. HR policies that are

based on a free and unrestrained approach would generate the preferred data and help to

increase organizational productivity.

Gupta Samita (2006), this article discuses the concept, goals and also explores several others

aspects of human resource management. The literature focuses on the concept of effective

HR policies in the organization. Researchers have argued in an article that HR represents twin

dimensions of rationalization. The pursuits of reason in human affairs that is the process of

bringing policies are pursued and rationalization as the increasing dominance of a means- end

instrumental rationality.

Raju and Jena (2006), this literature provides the background and description of HR policies

of ONGC. A good review system can help improve communication, while allowing people to

increase their own effectiveness and clarify their own jobs and responsibilities. An innovative

system will not only increase the performance of the staff, but also help them work together

with common goals and fewer obstacles. The current system adopted by ONGC coupled with

an aggressive communication campaign has resulted in the creation of a positive work culture

with a successful implementation of the new appraisal system; ONGC is setting an example

for others.
 Limitations of the Study

A Few limitations and constraints came in the way of conducting the present

study:-

Due to lack of time with authority, we could not get full information about the HR

policies in the company.

We cant visit to many companies in such a short time.

Due to the lack of internet facility, we could not get the data of other companies.

Employees are not so much cooperative in giving the response of questionnaire.

Though no effort was spared to make the study more accurate.

Sample size selected may not be the true representative of the company, resulting in

biased results.

This being the maiden experience of the researcher of conducting study such as this, the

possibility of better results, using deeper statistical techniques in analyzing and interpreting

data may not be ruled out.

 Bibliography

1. Kothari, C. R. (2007) Research methodology 3 d edition, Wishwa Prakashan, New

Age International (P) Ltd. Daryaganj, New Delhi, India.

2. http://www.google.co.in

3. http://www.Jindal .com

4. Trochim, William M. K. (2007) Research Methods 2 nd edition, Biztantra,Dreamtech

Press, Daryaganj Press, New Delhi, India

5. Bhatia S.K. (2006) New Compensation Management Changing Environment 3 rd

edition, Tata McGraw Hill Publication, New Delhi, India.