A Research Project Report on Employee Compensation and Rewards

JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES

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PERSONNEL FINANCE- MFM 3RD YEAR

A RESEARCH PROJECT REPORT ON EMPLOYEE COMPENSATION AND REWARDS

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By

Akshay Ingle                -        232

Devendra Koli                -        249

Punit Maru                -        256

Pradeepkumar Shah        -        333

A Project Report Submitted to Prof. Chhaya Sehgal in partial fulfillment of the requirements for Personnel Finance for Semester-5, Master of Financial Management, University of Mumbai

JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES,

CHURCHGATE, MUMBAI-400020

TABLE OF CONTENTS

1.        ACKNOWLEDGEMENT        3

2.        ABSTRACT        3

3.        OVERVIEW OF INFORMATION TECHNOLOGY INDUSTRY        4

4.        OVERVIEW OF INFOSYS        4

5.        MARKET CAPITALIZATION IN YEAR 2016:        5

6.        COMPANY’S ACHIEVEMENTS AND PROGRESS IN LAST 5-10 YEARS:        6

7.        EVA ANALYSIS OF INFOSYS:        7

8.        

9.        SALARY COMPARISON INFOSYS Vs WIPRO Vs TCS FOR ENTRY LEVEL:        10

10.        SALARY COMPARISON INFOSYS Vs WIPRO Vs TCS Vs TECHMAHINDRA:        10

11.        NO OF EMPLOYEES YEAR WISE FOR INFOSYS        11

12.        INFOSYS-HEVA (₹. /Employee)        11

13.        INFOSYS-HCROI (₹. /Employee)        12

14.        INFOSYS-HCVA (₹. /Employee)        12

15.        COMPARISON OF NO OF EMPLOYEES:        13

16.        HCVA (₹. / Employee)        13

17.        HEVA (₹. / Employee)        14

18.        HCROI (₹. / Employee)        14

19.        COMPARISON OF NET OPERATING PROFIT IN ₹. (Crore)        15

20.        COMPARISON OF CAPITAL INVESTED IN ₹. (Crore)        15

21.        COMPARISON OF CAPITAL INVESTED IN %        16

22.        EVA ANALYSIS (EVA  IN ₹. (Crore))        16

23.        EVA  IN ₹. (Crore)        17

24.        COMPENSATION BENEFITS SUMMARY        18

25.        CONCLUSION:        19

26.        

1.  ACKNOWLEDGEMENT

We express our sincere thanks to Prof. Chhaya Sehgal for giving us an opportunity to pursue our studies for the present project and for the guidance.

Making us understand about Human resource return on investment (HR ROI) Human Economic Value Added (HEVA), Human Capital Value Added (HCVA) and Human Capital Return on Investment (HCROI), Labor turnover and Labor stability ratio concepts which are most valuable measures for any organization. We have made our sincere efforts to explore some of these concepts in this research.

1. ABSTRACT

With the Indian economy touching new heights each day, the talented ones no longer face the dearth of opportunities, as a result, raising the rate of attrition by making frequent job switch. Many such organizations that are facing the heat due to this and are unable to retain talent, are coming out with new permutation and combination to retain their employees and get the best out of them.

Indian industries, at the present, are facing fresh challenges due to a fierce and cutthroat competition thrown open in a rapidly globalizing world. The situation sounds ever more serious on analyzing the high attrition rate in almost all industries. Eventually, it is the Indian corporates facing the blues, as it gets hard for them to get a right person for the right kind of job.

The world of employment is a mixed bag of skilled as well as not-so-skilled employees. What the corporates need to do is, find the best from the lot and retain them for many years to come, which is definitely not an easy task. It takes a lot of effort and strategic moves to retain talent Today, the need of the hour is to implement a growth oriented performance and reward system, which, if implemented with a commitment to foster productive team relationships, could go a long way to support an employer and top management for achieving the most impossible tasks.