A STUDY ON STATUTORY COMPLAINCES ZYLOGS SYSTEMS PVT LIMITED HYDERABAD.

A Project Report submitted to Acharya Nagarjuna University In partial fulfillment for the award of the degree of MASTER OF HUMAN RESOURCE MANAGEMENT Submitted By

K.SRIKANTH
REG NO: Y10HR20040

Under the esteemed guidance of

Mrs.V.Naga Nirmala
M.COM, MBA, MIB, MPhill. (PhD)

Faculty in dept of-HRM

BOMMIDALA DEPT. OF HUMAN RESOURCE MANAGEMENT ACHARYA NAGARJUNA UNIVERSITY NAGARJUNA NAGAR -522 510 2009-2011

DECLARATION

I hereby declare that the project report entitled STATUTORY COMPLAINCES is the work undertaken by me for ZYLOG SAYSTEMS PVT LTD. during the academic year 2009- 2011 and

submitted to Bommidala dept of Human Resource Management, in partial fulfillment of Post Graduate In Master of human resource management, (MHRM), Human Resource as specialization.

I also declare that this project is a result of my own effort and that has not been copied from any one and has not been submitted to any other University or Institute. Place: GUNTUR DATE: K.SRIKANTH

ACHARYA NAGARJUNA UNIVERSITY

Mrs.V.Naga Nirmala
M.COM, MBA, MIB, MPhill. (PhD)

FACULTY IN DEPT OF HRM

CERTIFICATE
This is to certify that this dissertation entitled STATUTORY

COMPLIANCES IN ZYLOG SYSTEMS PVT LTD LIMITED being submitted by Mr.K.SRIKANTH bearing Regd. No.Y10HR20040 in partial fulfillment for the award of Master of Human Resource Management in Acharya Nagarjuna University College. Carried out by under my guidance and supervision.

(V.NAGA NIRMALA) PROJECT GUIDE

ACKNOWLEDGEMENT I also wish to express my deep sense of gratitude to my guide Mrs.V.NAGANIRMALA faculty of Human Resource Management who has provided me the guidance and continuous support to complete this project work and without whose help this work would not have been completed. I am grateful to Dr. Prof. G. PRASAD, Head of the Bommidala dept of Human Resource Management, and principal of campus college Acharya Nagarjuna University, Guntur. For providing necessary facilities during the study. I wish to express my deep sense of gratitude and indebted ness to SHAFI, Asset. MANAGER HR, in ZYLOG SYSTEMS PVT LTD. for giving me an opportunity to carry out my project in this esteemed organization. I am extremely thankful to all the staff of Human Resource Management, ZYLOG SYSTEMS for helping me to carry forward my project. June2011, GUNTUR. (K.SRIKANTH)

Contests
CHAPTER-I Introduction Need and importance of the study Objectives of the study Methodology of the study Sampling Scope of the study Limitation of the study CHAPTER-II Profile of the organization CHAPTER-III Theoretical frame work of STATUTORY COMPLAINCESS CHAPTER-IV Statutory compliances in ZYLOG SYTEMS CHAPTER-V Data analysis of the employees of zylogs systems CHAPTER-VI: A summary of Findings, suggestions and conclusion Annexure Questionnaire Bibliography

CHAPTER-I

Introduction Need/ importance of the study Objectives of the study Methodology of the study Scope of the study Limitations of the study

INTRODUCTION

INTRODUCTION

In a globally competitive and challenging business scenario, the human resource management or personal management is a relative title for all aspect of managing people in an organization. Today Human Resource occupies, more than ever, the centre stage of all economic activities. It is alarming time for all those organization that wish to be successful in global markets to gear up and implement desired shift in their prevailing. Human resource management is the process which develops and manages the elements of an enterprise i.e., recruit; select, training & development of an organization, it not only manages the skill but also the attitudes and aspiration of people. Human resource management is concerned with integration getting all the members of the organization involved and working together with a sense for a common purpose. HRM is a proactive rather than reactive, qualitative improvement of people who are considered most valuable asserts of an organization.

METHODOLOGY OF THE STUDY

The Study is about the statutory compliances in an Organization. It deals with the title of the study, the questionnaire design, the various sources of data collection, the study instrument used i.e. questionnaire, the lastly the presentation of the study.

TITLE OF THE STUDY

The title of this study is A Study on STATUTORY COMPAINCES in ZYLOG SYSTEMS PVT LTD .HYDERABAD. QUESTIONNAIRE DESIGN QuestionnaireTitle: Questionnaire on STATUTORY COMPLAINCESS The sample for the study was chosen by means of simple random sampling technique. The sample covers all categories of employees from several departments of the company from G3 to G7 i.e. from DGM Cadre to

Officer Cadre. As the study was intended to measure the effectiveness of statutory compliances. The size of sample was fixed to 30 employees. The total responses of the sample for each question were counted and then the percentage for each of them is obtained with the respective weight -age given to them. Then the overall weight age average for /each aspect is obtained. The analysis is done on the similar manner for all the aspects and the identification of statutory compliances is obtained.

Data Collection Method Data for the present study is collected through two sources i.e. through primary data and secondary data. PRIMARY DATA SOURSES: The primary source was obtained from all the employees who are working in zylog systems .Also data is collected through questionnaire, Interview with concerned person, various documents provided by the HRD personnel and through the observations. SECONDARY DATA SOURSES:  Company Website (sangamdairy@vsnl.com)  Human Resource Management Book.  MIHIR- In-house magazine at dairy.  Business Magazine.  Secondary source of data is collected through records and files from the administration. And the remaining required information from the institutional guide.

SAMPLING SIZE
The sampling for the work man level-55 The sampling for the staff level -45

The sampling for the executive level-25

AREA OF SAMPLING
A sample was required for the study because the number of employees at the ZYLOG SYSTEM LTD. is difficult to consider the all employees therefore a representative sample were select.

SAMPLING PROCEDURE
This study cocedered the stratified random selection technique. This is technique which can provide them with all of employees ,as there are three different levels the top, middle and low levels beneficiaries to the welfare schemes, the sample include employees from the all these levels. STATICAL TOOLS APPLAIED IN STUDY The researcher used is structured interview schedule for collecting of data. The total is used to get firsthand information end to make clear the intentions of the respondents the study the researcher used the interview schedule consisted 10 questions for data collection

SCOPE OF THE STUDY

The study covers the various aspects of Human Resources Management which helps in determining the performance appraisal system in the organization.

LIMITATTIONS OF STUDY  Some of the employees did not reveal the data due to the fear of the management.

 Due to the busy work schedule of the employees, they could not spend time on giving much more information.

 The study did not cover all the employees in the organization.

 Study is quality perspective has only been qualities the information gathered in this regard is mostly through information discussion.

CHAPTER-II

CHAPTER-V

OPINION SURVEY ANALYSIS OF THE EMPLOYEES OF ZYLOG SYSTEMS PVT LTD.

DATA ANALYSIS AND INTERPRETATION

Data required to prepare this report has been collected in a very sequential order by using a questionnaire. The questionnaire was prepared to collect the opinions of all the employees. The questionnaire contained a column about the opinion to know about the performance of the employees after performance assessment, to evaluate the effectiveness of impact of performance appraisal. Analysis of data is done for employees views in the questionnaire which reveals the impact/effectiveness of the performance appraisal system. A question wise analysis is undertaken and accordingly interpretations are drawn. The analysis is shown through tables and the respective graphs.

1: whether the contract or has obtained lab our lenience under act?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 13 13 4 0 30

No. of Respondents

Percentage 43 43 14 0 100

Interpretation:
From the above analysis we can clearly see that the majority of respondents (90%) employees are satisfied with the present STATUTORY COPLAINCES of organization. The remaining 10% employee is not satisfied.

2: it lab our licenses is not requid submit affidavit..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 7 15 3 5 30

No. of Respondents

Percentage 23 50 10 17 100

Interpretation:
The above analysis shows that around 43% employees are strongly feel that STATUTORY COPLAINCECE of ZYLOG SYSTEMS is effectively design and similarly another 43% people are also agree on this. By the pie chart we can easily find out that overall 86% of the respondents believe that of is effectively designed .On the same note 14% employee thinks that statutory compliances is not effectively designed.

3: whether contractor has obtained P.F code no ..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 10 20 0 0 30

No. of Respondents

Percentage 33 67 0 0 100

Interpretation:
A majority of 50% employees at ZYLOG strongly agree & 23% agree that the attributes of statutory compliances of organization should change. From the above analysis we can easily point out that the 73%employee of ZYLOG wants new attributes through which assessment is done. So that management can analyse better there employee

4: whether P.F premium have been paid..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 20 9 1 0 30

No. of Respondents

Percentage 67 30 3 0 100

Interpretation:
From the above analysis it is very clear that 100% respondents feel that the suggestion from their subordinates should be encouraged in statutory, in which 67%employee will strongly agree & rest 33 % are also agreed. They feel that by subordinates suggestion they can identify their hidden talents, capabilities and potentials.

5: A summary of various sites ( contract vise) giving?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 8 10 8 4 30

No. of Respondents

Percentage 27 33 27 13 100

Interpretation:
From the above analysis it is very clear that 97% of the respondents agree that participation and discussions with employee, should allowed during his/her statutory coplaincess.

6: whether form 5 under P.F & A.P, Act enclosed..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 5 20 5 0 30

No. of Respondents

Percentage 16 67 17 0 100

Interpretation:
From the above analysis we can make out that there is mixed response of the people who strongly agree and disagreed i.e. 27% and 33% made a point that the statutory compliance followed by the company is unbiased and fair.

7. Whether form no 10 under P.F & A.P, Act enclosed.

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 17 13 0 0 30

No. of Respondents

Percentage 57 43 0 0 100

Interpretation:
A majority of 67% agree to the point that the rewards and recognition system should improved by management and some changes should be there in increments. However 17% disagree to the point and believes that no changes are required to improve the system.

8: whether form no 12- A under P.F & A.P Act enclosed?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 10 20 0 0 30

No. of Respondents

Percentage 33 67 0 0 100

Interpretation:
From the above pie chart it is very clear that 57% employee are strongly agree 43%employee agree that the support from boss is needed to the employees

statutory compliances. So, foster team-work and co-operation amongst the participants is there.

8. In your opinion on which attributes you will give more emphasis to improve your a) Job knowledge c) Quality cost & Time management Factors Job Knowledge Commitment Quality cost & Time Management Initiative & Drive TOTAL 5 2 30 17 7 100 8 15 statutory compliances b) Commitment & Reliability d) Initiative & Drive

No. of Respondents Percentage 26 50

Interpretation:
From the above analysis we can clearly make out that 100% of the respondents agree and strongly agree that after receiving the assessment result they want to reset strategies, so that their goal are achieved and covered according to the time limit.

9: Whether copy of attendance sheet (contract wise) is enclosed?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 5 20 5 0 30

No. of Respondents

Percentage 16 67 17 0 100

Interpretation:
From the above analysis we can make out that 50% of employee feel that commitment & reliability is statutory compliances in, 26% employee feels that the most important aspect is job knowledge at work. 17% believe through quality and cost management of work statutory 7% feel that initiative & drive So its a mixed response.

10: whether copy of wage payment sheet (contract wise) enclosed..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 4 20 5 1 30

No. of Respondents

Percentage 14 67 16 3 100

Interpretation:
From the above analysis a majority of 67% respondents agree that the management fairly evaluates the employees the employee compliances and provides feedback. But at the same time 17% respondents argue that the system didnt fairly evaluates the employee compliances..

11: whether payment has been made in minimum wage fixed by Government?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 9 17 4 0 30

No. of Respondents

Percentage 30 57 13 0 100

Interpretation:
From the above analysis we can clearly see that the majority of respondents feel that in organization transparency is present in statutory compliances but 50%

respondents feel that transparency is not there and it should be there so that employee can know about the minimum wage..

12: whether insurance policy under w.e ACT enclosed with the first wage bill..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 7 18 4 1 30

No. of Respondents

Percentage 24 60 13 3 100

Interpretation:
From the above analysis it is clearly seen that 87% of employee believe that through appraisal they get an opportunity to know there compliances objectivity, but the 13% employee believe that statutory system doesnt play a big role to know the objectivity.

13: whether identified bond daily not A raised Enclosed with ..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 10 20 0 0 30

No. of Respondents

Percentage 33 67 0 0 100

Interpretation:
From the above chart it is clear that a majority of 84% respondents feel that statutory compliances one can know his/her strengths & weakness part in your work Place, through which they can work upon it and improve them.

13: whether identified bond daily not A raised Enclosed with ..?

Factors Strongly Agree Agree Disagree Strongly Disagree TOTAL 18 10 1 1 30

No. of Respondents

Percentage 60 34 3 3 100

Interpretation:
From the above analysis 100% respondents agree that the management conducts adequate training/development program and thus focus up on individual growth to improve his/her performance. STATUTORY COMPIANCES gives adequate importance to the STATUTORY activities in the organization.

14: whether half yearly return under C.L (R&A) Act submitted..? Yes ( Factors Yes No Total ) No ( ) No. of Respondents 27 3 30 Percentage 90 10 100

Interpretation:
From the above analysis 94% of employee agree and strongly agree Statutory compliances will enable employees potential to take higher responsibilities, remaining 6% employee disagree that employees potential can increased.

CHAPTER-VI

A SUMMARY OF FINDINGS, SUGGESTIONS AND CONCLUCION

FINDINGS OF THE STUDY From the study done on the ZYLOG SYSTEMS VPVT LTD, we found out the following facts.  STATUTOYR in ZYLOG is effectively designed.  Participation and discussion should be allowed during their assessment.  Rewards and recognition system should be improved.  The employee at ZYLOG is satisfied with the present STATUTORY methods.  Employee of ZYLOG compliances has to give. believes that to give the statutory

SUGGESTIONS

The following are suggestions:  Supervisor should spend a certain amount of time with employees and discuss the importance of S.Compliances Then this would be help a lot to the employees to know the importance of statutory compliances.  Participation and discussions with employee, should allowed during statutory companies.  Giving feed back in itself is a process of controlling the behavior of employee, it must be given to each and every one and it is means of making the employee recognized and not neglected.

ANNEXURE-I

QUESTIONNAIRE

SURVEY ON STATOUTORY COPLAINCESS

I am K.SRIKANTH Student of ACHARYA NAGARJUNA UNIVERSITY, GUNTUR. , studying MHRM, kindly request you to fill the following questionnaire with the suitable options provided and your option. This is only for my survey but not for any other use, and the information collected shall be kept confidential For the following questions choose the appropriate answer from the options provided:-

1: (agree)

2: (strong lee agree) 3 :( disagree)

4: (strongly disagree)

Name EMP code.

Department. Designation..

1: whether the contract or has obtained lab our lenience under act 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

2: it labours licenses is not requid submit affidavit..?

1: (agree)

2: (strong lee agree) 3 :( disagree)

4: (strongly disagree)

3: whether contractor has obtained P.F code no..? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

4: whether P.F premium have been paid..?

1: (agree)

2: (strong lee agree)

3 :( disagree)

4: (strongly disagree)

5: A summary of various sites (contract vise) giving? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

6: whether form 5 under P.F & A.P, Act enclosed..? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

7: whether form no 10 under P.F & A.P, Act enclosed. 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

8: whether form no 12- A under P.F & A.P Act enclosed? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

9: Whether copy of attendance sheet (contract wise) is enclosed? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

10: whether copy of wage payment sheet (contract wise) enclosed..? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

11: whether payment has been made in minimum wage fixed by Government? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

12: whether insurance policy under w.e ACT enclosed with the first wage bill..? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

13: whether identified bond daily not araised Inclosed with..? 1: (agree) 2: (strong lee agree) 3 :( disagree) 4: (strongly disagree)

14: whether half yearly return under C.L (R&A) Act submitted..?

1: (agree)

2: (strong lee agree) 3 :( disagree)

4: (strongly disagree)

BIBLIOGRAPHY

BIBLIOGRAPHY

Prescribed Journals: Indian Journal of Industrial Relations Indian Journal of Social Work Indian Journal of Training & Development Indian Management ICFAI Journal of Management Research ICFAI Journal of System Management

Websites www.organizationaltests.com www.12manage.com www.humanlinks.com

www.citehr.com

Search Engines Google Wikipedia Yahoo. India

DAILIES NEWS PAPERS: 1: INK.ADVISOR 2: THE HINDU 3: TIMES OF INDIA 4: INDIAN EXPRESS 5: INTERNATIONAL BUSSINESS TIMES