Professional Documents
Culture Documents
ON
Type of motivation technique use in omax
autos ltd.
AT
OMAX AUTOS LIMITED DELHI
IN PARTIAL FULFILMENT OF
Master in Business Administration
I would like to thank my family, friends and all those who have always been
a constant source of inspiration to me.
REKHA SAGER
MBA (HR)
DECLARATION
All information and facts presented in this report are true to the
best of my knowledge and I have not submitted this report in any other
university.
REKHA
I also hope that this report will be beneficial for my next batches and for
Acknowledgement
Declaration
Preface
1 Introduction to the subject
2 Organization Study
OMAX-an overview
Profile of the organization
Company’s history
vision, mission &values of THE COMPANY
Manufacturing unit
Major competitors
Infrastructure
Investor relations
Manufacturing units
Major competitors
SWOT analysis
Omax infrastructure
Employee motivation in an omax company
3 Research Project
Research problem
Significance of the study
Objective of study
Research Methodology
Literature review
Data analysis and interpretation
4 summary
Findings
Suggestions
Limitation of the study
Conclusion
Bibliography
1.
IMPORTANCE OF EMPLOYEE MOTIVATION IN INDIA
Since the onset of globalization in India during the early 1990s, liberal
economic reforms of the government led to a steady flow of investments,
provided competitive advantages to attract major multinational corporations
(MNCs), and eventually turned the country into the world outsourcing
center. In spit of the global financial crisis, India not only manages to stay
afloat but also keeps on a rather active process of development. While
offering a rich set of advantages, India is equally famousfor the great amount
of the challenges which it delivers to foreign companies. Experience shows
that a considerable number of MNCs face serious problems while
establishing and running a business in India for Ex- statistic show that as
many as 70% of south Korean companies working in India fail.
A number of research projects in five years show that one of the most
common issues leading to failure or unexpected expenses is the fact that
almost every foreign company fails to retain qualified personnel in India.
According to the recent study of the chambers of commerce of India,
attrition in the booming IT/ITES Sector averages 25-30%. The average
personnel turnover rate in the business process out sourcing (BPO) sector
even hit a high of 30-35persent.
The business that probably suffers most from attrition are call centers. A
personnel turnover rate in Indian call centers has become a legend, with an
average of around 30-40 percent and extreme cases of 80 persent. Growing
attention to the issue and the global economic slowdown reduced the
average figure to 24-30 percent, but this still has a significant impact on
costs and quality.
Retaining staff
It would be wrong to say that only MNCs and foreign
business fail to keep personnel. Turnover of staff is significant concern at
many national and multinational corporations in many parts of the world.
Staff attrition and absenteeism causes significant costs for most local Indian
organizations as well. Almost every sector in India is facing high rates of
attrition. It is a universal phenomenon and almost on industry or region is
devoid of it.
Methods of motivation
According to the classic theory of ABRAHAM
MASLOW’S , people are motivated by unmet needs. The famous Maslow’s
hierarchy of needs includes:
In management theory ,once one of these needs is met, a person will start to
develop the next need. The challenge of an international HR manager is to
understand the types of needs in a particular culture.
Money as a motivator
The traditional method of motivating employees in
the western business culture has been to use extrinsic motivation such as pay
rises, bonuses and, promotions
Omax Autos Ltd engages in the manufacture and sale of auto components
for two wheeler and four wheeler industry primarily in India. The company
offers various sheet metal components, including chain case and side covers
etc. fully attuned to evolving customer needs & requirements, over the years,
the omax group has grown from strength to strength. It has not only
multiplied its manufacturing and engineering capabilities in a big way, but
also taken giant leap in the highly dynamic international market. The group
is working hand in hand with a multitude of new clients across many
industries.
Milestones
1984 – 90
1999 - 03
2003 – 08
Country - India
COMPANY’S HISTORY
The company has plans to set engine valve project costing Rs 3 crore
for the manufacture and supply of valves to automobile manufacturers
in the country and for the export market.
2002
- assigned a rating of A1+ for its commercial paper programme by
ICRA
2003
Considered and approved the Amalgamation of M/s Indital
Tintoria Ltd with the company including the scheme of amalgamation
valuation Report and Fixation of Exchange Ratio
The company has got LOI from Tenneco automotive USA for suppling
of auto parts.
The gurgaon plant & IMT Manesar plant have got ISO/TS
16949:2002 Certificate from M/s underwriters laboratories Inc. USA.
The company has got approval for convening the AGM till October
31, 2003 from registrar of companies, new Delhi
2007
Omax Autos Ltd has entered into a memorandum of understanding
(MOU) with PSP Co., IRAN to setup two J.V. companies one in India
and the other in IRAN from exploring the possibilities to expand the
business of manufacturing auto parts.
INFRASTRUCTURE
Though the company has moved ahead towards new frontiers, yet
it nourishes old relationships with undying passion and
perseverance.
ONE STOP SOLUTION
Designing
Stampings
Tubular forming
Welding-MIG/TIG/SPOT /ROBO
INVESTOR RELATIONS
Bangalore Plant
Dharuhera Plant II
Manesan Plant
Sidhrawali Plant
Sprocket Division
PRODUCT PROFILE
MAJOR CUSTOMERS
Commercial Vehicles
Indian Clients
MAJOR CLIENTS
Passenger cars
The way a team plays as a whole determines its success. There may be
a bunch of individual stars in the sky, but only when put together that
it forms a constellation worth a dime.
EMPLOYEE MOTIVATION
HR MISSION
“To promote and sustain the culture of developing world class
leaders for value addition in every sphere of original activities
while fulfilling employees professional and personal
satisfaction”.
3. RESEARCH PROBLEM
The research problem here in this study is associated with the motivation of employee
OMAX AUTOS LTD LIMITED, Gurgaon. There are a variety of factors that can
influence a person’s level of
motivation; some of these factors include;-
5. Employee recognition
6. Job security
If efficient motivational programmes of employees are made not only in this particular
organization but also any other organisation, the organizations can achieve the efficiency
also to develop a good
organizational culture.
Motivation has variety of effects. These effects may be seen in the context of an
individual’s physical and mental health, productivity, absenteeism and turnover.
Employee delight has to be managed in more than one way.
This study helps the researcher to realize the importance of effective employee
motivation.
This research study examines types and levels of employee motivational programmes and
also discusses management ideas that can be utilized
to innovate employee motivation.
it helps to provide insights to support future research regarding strategic guidance for
organization that are both providing and using reward/recognition
programs.
1. To study the important factors which are needed to motivate the employees.
2. LITERATURE REVIEW
Rensis Likerthas called motivation as the core of management. Motivation is the core of
management. Motivation is an effective instrument in the hand of the
management in inspiring the work force. It is the major task of every manager to
motivate his subordinate or to create the will to work among the subordinates.
It should also be remembered that the worker may be immensely capable of
doing some work, nothing can be achieved if he is not willing to work.creation of
a will to work is motivation in simple but true sense of term.
Motivation is an important function which very manager performs for actuating the
people to work for accomplishment of objectives of the organization. issuance
of well conceived instructions and orders does not mean that they will be followed. A
manager has to make appropriate use of motivation to enthuse the
employees to follow them. Effective motivation succeeds not only in having an
order accepted but also in gaining a determination to see that it is executed efficiently
and effectively.
In order to motivate workers to work for the organizational goals, the managers must
determine the motives or needs of the workers and provide an environment
in which appropriate incentives are available for their satisfaction. If the management is
successful in doing so, it will also be successful in increasing the
willingness of the workers to work. This will increase efficiency and effectiveness
of the organization .There will be better utilization of resources and workers abilities and
capacities.
The word motivation has been derived from motive which means any idea, need or
emotion that prompts a man in to action. Whatever may be the behavior of man, there is
some stimulus behind it. Stimulus is dependent upon the motive of person concerned.
Motive can be known by studying his needs and desires.
There is no universal theory that can explain the factors influencing motives which
control mans behavior at any particular point of time. In general, the different motives
operate at different times among different people and influence
their behaviors. The process of motivation studies the motives of individuals which
cause different type of behavior.
1. The workforce will be better satisfied if the management provides them with
opportunities to fulfill their physiological and psychological needs. The workers
will cooperate voluntarily with the management and will contribute their maximum
towards the goals of the enterprise.
3. The rates of labor’s turnover and absenteeism among the workers will be low.
4. There will be good human relations in the organization as friction among the
Workers themselves and between the workers and the management will decrease.
5. The number of complaints and grievances will come down. Accident will also be low.
6. There will be increase in the quantity and quality of products. Wastage and scrap will
be less. Better quality of products will also
increase the public image of the business.
1. Identification of need
2. Tension
3. Course of action
4. Result –Positive/Negative
5. Feed back
The intellectual basis for most of motivation thinking has been provided by
Behavioral scientists, A.H Maslow and Frederick Heizberg, whose published
Works are the “Bible of Motivation”. Although Maslow himself did not apply
his theory to industrial situation, it has wide impact for beyond academic circles.
Douglous Mac Gregor has used Maslow’s theory to interpret specific problems
in personnel administration and industrial relations.
The crux of Maslow’s theory is that human needs are arranged in hierarchy
Composed of five categories. The lowest level needs are physiological and
the highest levels are the self actualization needs. Maslow starts with the
formation that man is a wanting animal with a hierarchy of needs of which
some are lower ins scale and some are in higher scale of system of values.
As the lower needs are satisfied, higher needs emerge. Higher needs cannot
be satisfied unless lower needs are fulfilled. A satisfied need is not a motivator.
This resembles the standard economic theory of diminishing returns. The
Hierarchy of needs at work in the individual is today a routine tool of personnel
Trade and when these needs are active, they act as powerful conditioners of behavior- as
Motivators.
Hierarchy of needs; the main needs of men are five. They are physiological
Needs, safety needs, social needs, ego needs and self actualization needs, as shown
in order of their importance.
Self-
Actualization
Ego Needs
Social Needs
Safety Needs
Physiological Needs
Fig (2.1)
The above five basic needs are regarded as striving needs which make a person do things.
The first model indicates the ranking of different needs. The second is
more Helpful in indicating how the satisfaction of the higher needs is based on
the Satisfaction of lower needs. It also shows how the number of person who has
experienced the fulfillment of the higher needs gradually tapers off.
Safety: - The next in order of needs is safety needs, the need to be free from
Danger, either from other people or from environment. The individual want to
assured, once his bodily needs are satisfied, that they are secure and will continue to be
satisfied for foreseeable feature. The safety needs may take the
form of job security, security against disease, misfortune, old age etc also
against industrial injury. Such needs are generally met by safety lows, measure of social
security, protective labor laws and collective agreements.
Social needs: - Going up the scale of needs the individual feels the desire to
Work in a cohesive group and develop a sense of belonging and identification
With a group. He feels the need to love and be loved and the need to belong
And be identified with a group. In a large organization it is not easy to build up social
relations. However close relationship can be built up with at least some
fellow workers. Every employee wants too feel that he is wanted or accepted
and that he is not an alien facing a hostile group.
Ego or Esteem Needs: - These needs are reflected in our desire for status and
recognition, respect and prestige in the work group or work place such as is
conferred by the recognition of ones merit by promotion, by participation in management
and by fulfillment of workers urge for self expression. Some of the
needs relate to ones esteem e.g; need for achievement, self confidance,
knowledge, competence etc. On the job, this means praise for a job but more
important it means a feeling by employee that at all times he has the respect
of his supervisor as a person and as a contributor to the organizational goals.
Y Theory
People view work as being as natural as play and rest
People will exercise self direction and control towards achieving objectives they are
committed to
Types of Motivation.
Intrinsic motivation occurs when people are internally motivated to do something
because it either brings them pleasure, they think it is important, or they feel that
what they are learning is morally significant.
Extrinsic motivation comes into play when a student is compelled to do something or act
a
certain way because of factors external to him or her (like money or good grades)
Incentives
An incentive is something which stimulates a person towards some goal. It
activates human needs and creates the desire to work. Thus, an incentive is a
means of motivation. In organizations, increase in incentive leads to better performance
and vice versa.
INCENTIVES
There is an old saying you can take a horse to the water but you cannot force it
to drink; it will drink only if it's thirsty - so with people. They will do what they
want to do or otherwise motivated to do. Whether it is to excel on the workshop floor or
in the 'ivory tower' they must be motivated or driven to it, either by
themselves or through external stimulus
.
Are they born with the self-motivation or drive? Yes and no. If no, they can be
Motivated,for motivation is a skill which can and must be learnt. This is essential for any
business to survive and succeed.
Restructuring jobs
Essentially, there is a gap between an individual’s actual state and some desired
State and the manager tries to reduce this gap. Motivation is, in effect, a means to reduce
and manipulate this gap.
CHAPTER-4
4. ANALYSIS AND INTERPRETATION OF DATA
Management is interested in motivating the
employees.
SA A N DA SDA
27 20 3 0 0
INTERPRETATION
The table shows that 54% of
respondents are strongly agreeing that the management is
interested in motivating the employees.
Satisfaction with the present incentives
scheme.
SA A N DA SDA
18 29 3 0 0
INTERPRETATION
The table shows that 58%
respondents are satisfied with the present incentives scheme
of the organization.
The type of incentives motivates you more.
INTERPRETATION
The table shows that 52% of
respondents are expressing that both financial and non
financial incentives will equally motivate them.
Periodical increase in salary.
SA A N DA SDA
12 23 3 9 3
INTERPRETATION
The table shows 46% employees
agree that there is a periodical increase in salary.
Job security existing in the company.
SA A N DA SDA
15 18 11 3 3
INTERPRETATION
The table shows 36% of employees
agree with good job security exist in the company.
Good safety measures existing in the
organization.
SA A N DA SDA
15 23 3 6 3
INTERPRETATION
The table shows 46% of respondents
agree that there is good safety measure existing in the
company.
Performance appraisal activities are helpful to
get motivated.
SA A N DA SDA
9 23 6 3 9
INTERPRETATION
The table shows that 46% of
respondents agree that performance appraisal activities are
helpful to get motivated.
Support from the co-worker is helpful to get
motivated.
SA A N DA SDA
12 29 0 6 3
INTERPRETATION
The table shows that 58% of
respondents agree that the support from the co-worker is
helpful to get motivated.
Management involves you in decision making
which are connected your development.
yes No Occasionally
47 o 3
INTERPRETATION
The table shows that 94% of the
respondents agree that they the management involve them
in decision making which are connected to your department.
Career development opportunities are helpful
to get motivated.
SA A N DA SDA
10 26 2 4 8
INTERPRETATION
The table shows that 52% of
respondents agree that the career development
opportunities are helpful to get motivated.
Factors which motivates you the most.
INTERPRETATION
The table shows that the 42% of the
respondent responding that increase in salary will
motivate them the most.
Incentives & other benefits will influence your
performance.
SA A N DA SDA
14 18 6 9 3
INTERPRETATION
The table shows that 36% of the
employees agree that incentives and other benefits will
influence their performance.
4.
SUMMARY
This document aims at providing employees and management members with the
information that can be beneficial both personally and professionally. Every
Business enterprise has multiple objectives including of adequate profit for payment of a
reasonable rate of return to the owners and for investment in
business through satisfaction of customers, maintenance of a contended
workforce and creation of a public image. The basic job of management of any
business is the effective utilization of available human resources, technological,
financial and physical resources for the achievement of the business objectives.
This project entitled as “Employee motivation” was done to find out the factors
which will motivate the employees. The study undertakes various efforts to
Analyze all of them in great details. The researcher in this project at the outset
gives the clear idea of the entire department existing in the company. From the study, the
researcher was able to find some of the important factors which
motivate the employees. Factors like financial incentives and non financial
Inventive, performance appraisal system, good relationship with co-workers,
promotional opportunities in the present job, employee participation in decision
making are very much effect the level employee motivation. It is also clear from
the study that the company is so eager in motivating their employees and their
present effort for it so far effective.
The human resources can play an important role in the realization of the objectives.
Employees work in the organization for the satisfaction of their needs.
If the human resources are not properly motivated, the management will not be
able to accomplish the desired results. Therefore, human resources should be
managed with utmost care to inspire, encourage and impel them to contribute their
maximum for the achievement of the business objectives.
5.2 FINDINGS
Most of the workers agreed that the company is eager in recognizing and
acknowledging their work.
The study reveals that there is a good relationship exists among employees.
Majority of the employees agreed that there job security to their present job.
The company is providing good safety measures for ensuring the employees safety.
From the study it is clear that most of employees agrees to the fact that
Performance appraisal activities and support from the coworkers in helpful to get
motivated.
The study reveals that increase in the salary will motivates the employees more.
The incentives and other benefits will influence the performance of the employees.
5.3 SUGGESTIONS
The suggestions for the findings from the study are follows
Most of the employees agree that the performance appraisal activities are
helpful to get motivated, so the company should try to improve performance
appraisal system, so that they can improve their performance.
Non financial incentive plans should also be implemented; it can improve the
productivity level of the employees.
Organization should give importance to communication between employees
and gain co-ordination through it.
Skills of the employees should be appreciated.
Better carrier development opportunities should be given to the employees for their
improvement.
If the centralized system of management is changed to a decentralized one,
then there would be active and committed participation of staff for the success of the
organization.
5.4 LIMITATIONS OF THE STUDY
The data was collected through questionnaire. The responds from the
Respondents may not be accurate.
The sample taken for the study was only 50 and the results drawn may not be accurate.
Since the organization has strict control, it acts as another barrier for getting data.
The study concludes that, the motivational program procedure in OMAX AUTOS LTD.
is found effective but not highly effective. The study on employee
motivation highlighted so many factors which will help to motivate the employees.
The study was conducted among 50 employees and collected information
Through structured questionnaire. The study helped to findings which were
related with employee motivational programs which are provided in the organization.
The performance appraisal activities really play a major role in motivating the
employees of the organization. It is a major factor that makes an employee feels
good in his work and results in his satisfaction too. The organization can still concentrate
on specific areas which are evolved from this study in order to make
the motivational programs more effective.
Only if the employees are properly motivated- they work well and only if they
Work well the organization is going to benefit out it. Steps should be taken to
Improve the motivational programs procedure in the future. The suggestions of this
report may help in this direction.
BIBLIOGRAPHY
Human resource and personnel management - K aswathappa
REFERENCES – INTERNET
www.omaxauto.com
www.committedgroup.com
www.google.co.in
www.ask.com
www.exit net.