OBJECTIVES 1.To study the wage policy. 2.To find out the methods followed to determine the wage.

3.To find the satisfaction level regarding the wages among employees.

SALARIES OF THE EMPLOYEES OF VERKA MILK PLANT SECTION 1. 2. 3. 4. 5. 6. 7. 8. 9. Milk procurement section Production section Engineering section Quality control system Marketing section Purchase section Accounts section Security section Personnel & Admn. section Dearness allowance (DA) House rent allowance(HRA) City compensatory allowance Approximately Rs. 80.oo per day Basic pay(Rs) 2820 10960 854 7220 2350 13500 2726 7220 3440 5640 3726 8650 3780 8375 3150 5320 19951 999475 =43% =6% =Rs. 100 180 per month

WAGE AND SALARY ADMINISTRATION POLICY Ludhiana milk plant pays govt. pay scale to its permanent its permanent employees salary of permanent means:- Basic pay + H.R.A + CCA +Rural allowance Ludhiana Milk union spends approx. Rs. 37459.50 per month on its permanent work force. Casual workers are paid according to the prescribed D.C rates. Which are 1661.40 at present. Ludhiana milk union spends approx. 6,77,200 on casual labor per month. METHOD OF WAGE PAYMENT The Ludhiana milk plant follows the time wage system. The advantages of this system are: 1. The wages are paid on the basis of time spend on job.
2.

Time wage system is the simplest and oldest method. It is easy to understand and workers can easily compute their own remuneration.

3. Earning of the are regular and fixed and they do not suffer from temporary loss of efficiency. This gives them a sense of economic security. Unions prefer time wage as it does not differentiate between efficient and inefficient workers. This method also avoids wasteful handling of materials and tools in the absence of rough handling of machinery, repairs and maintenance expenditure is low. Workers can adjust the pace of work so that there is no injury.

4.

5.

6. It is an objective method. RECRUITMENT AND SELECTION POLICY Recruitment means finding potential employees an motivating them to apply for job in an organization. An organization recruitment and selection practices determine who will get hired. It properly designed identified component and candidates can accurately match them to the job. Ludhiana milk union has also its selection and recruitment policy which is formed by the cooperative milk producers federation limited and approved R.C.S Punjab. Employee milk union can be classified as: 1. Permanent employees 2. casual workers 1. permanent employees:Permanent employees according to ldh. Milk union means a person who has been engaged on permanent basis and includes any person appointed against a permanent post and whose services have been regularized in accordance with the rules. 2. Casual employees:Casual employees is a person whose employment is of casual nature. It means an employees who is not allowed to work for an organization for more than 240 days.

ESSENTIAL REQUIREMENTS FOR APPLYING FOR JOB 1. 2. 3. A person must be in the age group of 18 45 years. Must be middle passed. Must have guarantor in the plant.

A casual worker has to fill up various forms at the time of recruitment:1. 3. 4. 5. 6. Application form Guarantee slip Medical certificate E.S.I. forms E.P.F. forms This process of casual recruitment involves a lot of paper work. Transfer policy Every organization should have a just and impartial transfer, which should be known to each employee. The responsibility for effecting transfer is usually extracted to an executive with power to prescribe the conditions under which request for transfer are to be approved for successful transfer policy, unnecessary to have a proper job description and job analysis should be taken to ensure that frequent or large scale transfers are avoided by laying down adequate selection and placement procedure for the purpose.

PROMOTION POLICY