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Guru Gobind
Singh
Indraprastha University
Project guide:
Submitted by:
Timsi Bhatia
Name:
Soudipto Das
Roll No.
13321401712
BONAFIDE CERTIFICATE
This is to certify that this project report is a bonafide work of Soudipto Das
Enrolment number 13321401712 of BBA who carried out the summer training
report titled A Study Work life balance on ITC .Under the supervision of Ms.
Timsi Bhatia
__________
ACKNOWLEDGEMENT
It is with this sense of gratitude that I acknowledge the effort of a whole host of
well wishers who have in some way or the other contributed in their own special
ways to the success of this effort.
Individual effort alone I can never contribute in totality, to the successful
completion of any venture. Firstly, I would like to thank JAGANNATH
INTERNATIONAL MANAGEMENT SCHOOL for giving me an opportunity to
work on a valuable project and Secondly ,Ms Timsi Bhatia for allowing me to
work on a very intrinsic part A Study Work life balance on ITC. I thank her
for the ideas and basic concepts she delivered and shared with me, as they helped
me a lot in accomplishing this project of mine .
_________________
CERTIFICATE
This is to certify that Soudipto Das have completed the Project titled A Study
Work life balance on ITC under the guidance of Ms Timsi Bhatia in partial
fulfillment of the requirement for the award of degree of Bachelor of Business
Administration at Jagannanth International Management School (GGSIPU), New
Delhi . This is an original piece of work & I have not submitted it earlier
elsewhere.
Timsi Bhatia
________________
DECLARATION
I hereby declare that the work entitled Work life balance of ITC submitted to
"Ms. Timsi Bhatia " is a record of an original work done by me under her
guidance of "Jagannath International Management School , Vasant kunj " and this
project work is submitted in the partial fulfillment of the requirement for award of
graduate degree in bachelor of business administration.
Signature
________________
TABLE OF CONTENTS
Sr.No
Content
Chapter
Introduction
1
Chapter
Literature review
2
Chapter
Conceptual discussion
3
Chapter
4
Chapter
Data analysis
5
Chapter
Page No.
CHAPTER 1
INTRODUCTION
INTRODUCTION TO COMPANY
ITC was formed on 24 August 1910 under the name of Imperial Tobacco Company
of India Limited, and the company went public on 27 October 1954. The earlier
decades of the company's activities centered mainly around tobacco products. In
the 1970s, it diversified into non-tobacco businesses.
In 1975, the company acquired a hotel in Chennai, which was renamed the 'ITCWelcomgroup Hotel Chola' (now renamed to MyFortune, Chennai).
In 1985, ITC set up Surya Tobacco Co. in Nepal as an Indo-Nepali
and British joint venture, with the shares divided between ITC, British American
Tobacco and various independent domestic shareholders in Nepal. In 2002, Surya
Tobacco became a subsidiary of ITC and its name was changed to Surya Nepal
Private Limited.
In 2000, ITC launched the Expressions range of greeting cards, Wills Sport range
of casual wear, and a wholly owned information technology subsidiary, ITC
Infotech India Limited.
In 2001, ITC introduced the Kitchens of India brand of ready-to-eat gourmet Indian
recipes.
In 2002, ITC entered the confectionery and staples segments and acquired
the Bhadrachalam Paperboards Division and the safety matches company WIMCO
Limited.
ITC entered the Agarbattis (incense sticks) business in 2003, selling its products
under the Mangaldeep brand.
ITC diversified into body care products in 2005.
In 2010, ITC launched its handrolled cigar - Armenteros - in the Indian market.
Products & Brands
ITC's major cigarette brands include W.D. & H.O. Wills, Gold Flake Kings, Gold
Flake Premium, Flake Super Star, Navy Cut, Insignia, India Kings, Classic
(Verve, Menthol, Menthol Rush, Regular, Citric Twist, Mild & Ultra
Mild), 555, Silk Cut, Scissors, Capstan, Berkeley, Bristol, Lucky
Strike, Players, Flake and Duke & Royal.
Other businesses
Lifestyle apparel: ITC sells its products under the Wills Lifestyle and John
Players brands. Wills Lifestyle was accorded the Superbrand status and John
Players was included in the top 10 Most Trusted Apparel Brands 2012 by The
Economic Times
Safety Matches and Agarbattis: Ship, i Kno and Aim brands of safety
matches and the Mangaldeep brand of agarbattis (Incense Sticks).
Paperboard: Products such as specialty paper, graphic and other paper are
sold under the ITC brand by the ITC Paperboards and Specialty Papers
Division.
INTRODUCTION TO TOPIC
There are different approaches, to define the term worklife balance. At the one
hand worklife balance (WLB) is seen as a popular, but also imprecise term that
covers from a scientific perspective, not a single phenomenon, but rather an entire
subject area. In the focus of this subject area, stand aspects of the relationship and
interplay between work and private life. In this connection the work component
refers to the paid work and the life component to the other areas of life such as
family, friendships, social and cultural commitment, health behavior, and other
things.
Similarly is a further definition, in which the WLB is depicted as two scales, one
for the life component and the other for the work component, which should be
balanced. In the shell, which stands for life, hobbies, sports, travel, cultural
interests, society, friends and family were put inside. In the shell, which stands for
work is the job that is a serious block opposed to the more pleasurable experiences.
Thus working gets back the negative meaning which the linguists attributed the
term in its origins. But also outside of the family, needs and responsibilities are
waiting to be fulfilled, therefore, also in this area it can be spoken of work.
The topic of the WLB is in times of demographic change, especially topical, as the
demographic changes lead to a drastic decline in the labor force potential. Unless
there is a significant migration of workers, what can not be considered under the
current immigration policy as likely, the number of employed persons will be
reduced from currently about 42 million to 25 to 35 million. This means, that in the
long term the already, partial existing deficit of qualified specialists and executives
will increase dramatically, and increasingly fewer and fewer labor force is
available. The need for well-qualified staff will continue to grow. Even if it is
currently, with about 4.5 million unemployed people in Germany hardly to
imagine, a shortage of skilled workers will already be most likely in the medium
term.
In addition, the birth rate in Germany is for over three decades at a low level, so
that the long-term population size can not be kept constant and thus a decline in
population is almost inevitable. This leads to significant consequences in the social
development. The population would shrink, depending on the model, in Germany
in 2050 to about 67-75 million people. These demographic changes will also lead
to drastic effects on the structure and scope of employment potential, because in
general the labor supply will decrease in future, while the average age of workers
increases considerable. The economically active population aged 15 to 64 years
will decrease by these projections, relatively and absolutely, more numerical than
the total population. It follows that the demographic development also leads to an
aging of the total society.
Since not only the average age of the workforce is increasing, but at the same time
barely enough young people move up, this demographic development will affect
the labor market and the human resources policy in enterprises sustainable. [8] The
Institute for the Study of Labor (IZA) has calculated that the decline in the supply
of specialists and executives in 2015 will already be noticeable and in 2025 led to a
gap of about 350,000 persons. By the year 2050, this gap is expected to have
increased to a value of almost one million, that is a quarter more than in 2006.
Due to the mass unemployment in the recent years it came to a de-skilling of
human capital, in particular at the long-term unemployed. As a result, a lack of
professional workers and executives is conceivable It can be assumed that these
developments in the future will continue. Especially the globalization with the
opening of the of world markets and ever-accelerating technological innovations
increasingly require qualified personnel, which means for most employers only a
good investment if it can be obligate to the company in the long run. Therefore it is
extremely important for companies, being an attractive employer in order to hire
the decreasing number of young specialists and executives and obligate them to the
company.
Effective work/life strategies that meet the needs of an organisation and its
employees are vital in maintaining a competitive edge in today's rapidly changing
business environment. Organisations with a corporate culture that values the
diversity within its workforce and offers a range of flexible work/ life options
achieve increased productivity through:
came through the Global Financial Crisis in a relatively strong position already had
a range of flexible work arrangements and an integrated work/life strategy that
allowed them to build on the trust and commitment of employees and better
manage their resources during difficult times.
Research from the Managing Work|Life Balance National Work/Life
Benchmarking Study which ran for ten years (1997-2007) clearly demonstrated
that work/life strategies have a positive impact on the bottom line. In 2010 the
Flexible Work 2010 Pulse Survey showed that over a third
CHAPTER 2
LITERATURE REVIEW
Ron Friedman
The idea holds inherent appeal. Too bad it's a myth.
For many of us, compartmentalizing our work and personal life is simply not
possible, and not just because of the ubiquity of email. In a growing number of
companies, work now involves collaborating with colleagues in different time
zones, making the start and end of the workday a moving target.
And even within organizations with more traditional hours, let's face it -- standout
employees are always working, even when they're not attending conference calls or
corresponding over email. They're continuously plotting ahead and thinking up
new ideas while showering, driving their kids to gymnastics, or drifting off to
sleep.
Until we come to terms with the fact that separating work from home is a fantasy,
we can't begin to have an intelligent conversation about what it means to create
thriving organizations. We can bemoan the blending of our professional and
personal lives, or alternatively, we can look for innovative solutions.
For the past decade I have been studying the science of human motivation, paying
particular attention to how people can work more effectively. Over the course of
reviewing thousands of academic articles for my book, I have repeatedly
encountered a striking gap between the latest science and the realities of the
modern workplace.
Take, for example, the degree of control employees at your company possess over
when and where they work. We tend to assume that granting workers too much
leeway will lead to reduced effort; that employees will take advantage unless they
are closely supervised.
Yet studies have repeatedly found that the opposite is true. Providing employees
with more control over their schedule --to the extent that flexibility is possible
child off the afternoon school bus, they generate commitment that ends up saving
them money in the long term.
Just ask Patagonia, a successful outdoor clothing manufacturer. Employees at the
company's California headquarters are empowered to set their own hours, given
access to an on-site daycare and invited to take regular breaks during the day for
exercise. Company restrooms even include private showers, transforming the
prospect of an afternoon jog from an aspiration fantasy into a practical option.
The result? Over the past five years, Patagonia's profits have tripled, while
employee turnover has dropped to a fraction of the industry average. As for
employee satisfaction? In the words of Billy Smith, a 26-year-old Patagonia
product tester, "Landing this job was probably the best thing that ever happened to
me. I feel like I represent the brand as much as it represents me."
Instead of endorsing the work-life balance myth, organizations are far better off
empowering employees to integrate work and life, in ways that position them to
succeed at both.
Ultimately, it is companies that are quickest to realize that it is in their financial
interests to care for the entire employee --not just the sliver of them that sits in the
office for 40 hours a week -- that stand to gain the greatest benefits in the form of
stronger loyalty, higher engagement, and top performance.
came through the Global Financial Crisis in a relatively strong position already had
a range of flexible work arrangements and an integrated work/life strategy that
allowed them to build on the trust and commitment of employees and better
manage their resources during difficult times.
Research from the Managing Work|Life Balance National Work/Life
Benchmarking Study which ran for ten years (1997-2007) clearly demonstrated
that work/life strategies have a positive impact on the bottom line. In 2010 the
Flexible Work 2010 Pulse Survey showed that over a third of respondents had seen
an increase in employee engagement of 0-5 per cent and a further 15 per cent had
observed a 6-10 per cent increase.
Our consulting team led by Barbara Holmes has extensive experience in a broad
range of work/life/flexibility consulting assignments. They range from leading
research assignments for Federal and State Governments in Australia, Singapore
and New Zealand, to facilitating workshops for Executive Teams who needed to
develop and support a flexible work arrangement strategy within their business.
For further information about the types of projects undertaken by the team please
review some of our Case Studies.
CHAPTER 3
CONCEPTUAL DISCUSSION
CONCEPTUAL DISCUSSION
In popular media
HR has been depicted in several popular media. On the U.S. television series of
The Office, HR representative Toby Flenderson is sometimes seen as a nag because
he constantly reminds coworkers of company policies and government regulations.
[10]
and
personnel
policies.
the
goals
and
operating
practices
of
the
enterprise
overall.
taking
place
with
organizations.
"Resource Manager" and that is the only change.Empowerment has been noted as
Work
Force
of
various
states
Microsoft. But it shares went down due to improper Human Resource and
improper understanding of the Local markets of the Various Countries .
work is the job that is a serious block opposed to the more pleasurable experiences.
Thus working gets back the negative meaning which the linguists attributed the
term in its origins. But also outside of the family, needs and responsibilities are
waiting to be fulfilled, therefore, also in this area it can be spoken of work.
CHAPTER 4
RESEARCH AND METHODOLOGY
Title Justification
In todays busy schedule no one has time to talk with their near and dear ones. As
talking care of it different companies have established different social apps for
chatting. Now people can use video calling technique, video chatting technique to
talk with their near ones. Normal and regular sms has been outdated and new
social apps have taken up the market .
Objectives of the study
The objectives of this study are as follows:
1. To study the how people balance family and work.
2. To study peoples understanding for work and life.
3. To study the satisfactory level of people working in ITC.
Design
While making this project I have used Descriptive research. Descriptive
research is used to describe characteristics of a population being studied.
Sampling
A sample is a smaller (but hopefully representative collection of units from a
population used to determine truths about the populations.
The following are the details of sampling:
Total sample chosen =157
Effective sample =100
Sampling area= Delhi
Sampling unit=ITC employees
QUESTIONAIRE
1.
How many hours in a week do you normally work?(Please write in space provided against each category)
Standard
hours
Click hereHrs.
Paid
overtime
Click hereHrs.
Extra hours
without pay
2. Do you normally work any hours outside the usual working week?
3. What factors do you consider while looking for a job?
Salary/Wages
Location of workplace
Click
hereHrs.
Holidays
Interest in job
Career development prospect
Flexible working Hours
Leave Arrangement
(Casual, Academic, Sick,
Maternity/Parental etc.)
Training opportunities
Job security
Friendly Environment
4. Do you have any children living at home with you? If yes how many.
No. of Children
a) Yes - Number
b) No
5. Work life balance policies applied in same way at all levels of management in your organization
or it covers all levels in hierarchy. Give examples to support your answer.
Click here to enter text.
6. Your organization encourages involvements of employees family members in
work/organizations celebrations or organization arrange occasions/functions where employees
family members can participate.
a) Yes
b) No
Click here to enter text.
7. Employees are expected to put their jobs before family and personal matter.
a) True
b) False
8. Do you have any suggestion about work life balance?
9.
Do you look after, or provide any regular care or help for any sick, elderly or disabled adults?
a) Yes
b) No
Click here to enter text.
10
10
80
Standard Time
Paid Time
Extra hours
20
80
Yes
No
10
90
15
5
5
50
10
15
Salary
Interest
Location
Flexible Time
Holidays
Leave Arrangement
40
60
Yes
No
Employees are expected to put job before family and personal maaters
20
80
Yes
No
40
60
Yes
No
CHAPTER 6
FINDINGS
FINDINGS
While making this project I got to know variety of things and I also found
few things through the research I did and they are as follows:
6. 80% of people says that they are expected to put their job before family and
personal matters and others dont think so.
7. 60% of employees provide regular care or help for sick or old people and
40% dont do so.
CHAPTER 7
SUGGESTIONS AND CONCLUSIONS
SUGGESTIONS
CONCLUSION
The human element of organization is the most crucial asset of an organization.
Taking a closer perspective its the quality of this asset that sets an org apart from
the others, the very element that brings the organizations vision into fruition.
Employees working in the organization must engage in office functions to enlarge
the social culture. People in the organization should give equal time for family and
work. Employees must join NGOs in order to help the needy poor and old people.
Apart from salary other issues should also be considered while joining a company,
the first and foremost thing while joining a company should be self-satisfaction,
goals of the company and afterwards should be salary.
CHAPTER 8
BIBLIOGRAPHY
WEBSITE http://humanresources.about.com/od/employeesurvey1/
www.hrmarticles.com
www.worklifebalance.com
BOOKS &NEWSPAPER
HUMAN RESOURCE MANAGEMENT ( C.B . GUPTA)
HINDUSTAN TIMES
FORBES
CHAPTER 9
QUESTIONNAIRE