SIKKIM MANIPAL UNIVERSITY

PROJECT PROPOSAL

On
“STUDY ON BEST HR PRACTICES AND COMPENSATION STRUCTURES

UNDER SUPERVISION OF

……………………..

SUBMITTED BY

NAME : ………..
ROLLNO. NO. : ___________

Submitted in partial fulfillment of the requirements for qualifying
Master of Business Administration
In
HR

Student Details:

1. Name of the program :
2. Name of the Student :
3. Roll Number :
4. Session & Year :
5. Name and address of learning centre :

1. TITLE OF THE PROJECT

“STUDY ON BEST HR PRACTICES AND COMPENSATION STRUCTURES

2. STATEMENT OF THE PROBLEM

“People are definitely a company’s greatest asset. It doesn’t make any difference whether the products are cell phones or cars or cosmetics. A company is only as good as the people it keeps.”
–Anil Ambani

The Human Resources (HR) function provides significant support and advice to line management. The attraction, preservation and development of high caliber employees give a competitive advantage for a business and are the responsibility of HR.

“Why,” one may ask, “do I need HR policies and practices for my business?” The simple answer is because there are people working for an organization. With human nature being what it is, employees test limits and act creatively in workplace situations. Thus, there is a need of strategy for developing, communicating and enforcing a set of policies and practices that reflect standards of acceptable behavior. HR satiates this requirement and a successful HR strategy is the one, which extends beyond the drawn boundaries and recognizes and addresses people’s needs. HR is finally garnering respect in companies of all sizes and across many industries. CEOs and boards of directors are learning that human resources can be one of the biggest game i.e. changers in terms of competitive advantage. The success of a business strategy lies in people’s execution. That is why the HR manager has become an equal partner at the strategic table.

The Human Resources Management (HRM) function includes a variety of activities, and key among them are deciding what staffing needs the organization has and whether to use independent contractors or hire employees to fill these needs; recruiting and training efficient and performing employees; ensuring they continue to be high performers; dealing with other performance enhancement issues; and ensuring that the personnel and management practices conform to various regulations. Other activities also include managing organizational approach to employee benefits and compensation, maintaining employee records and framing personnel policies.

3. OBJECTIVES OF THE STUDY

Fixing the objective is like identifying the star. The objective decides where we want to go, what we want to achieve and what is our goal or destination.

Every study is carried out for the achievement of certain objectives.

1. To study the HR practices and compensation structure of IBM India.
2. To identify best HR policies to recommend suitable for the organization.
3. To review compensation structures being offered by IBM India.

4. RESEARCH METHODOLOGY

RESEARCH DESIGN:- The research design used in this study is both ‘Descriptive’ and ‘exploratory’.
DATA COLLECTION METHODS:

The data will be collected using both by primary data collection methods as well as secondary sources.

PRIMARY DATA: Most of the information will be gathered through primary sources. The methods that will be used to collect primary data are:
a) Questionnaire

SECONDARY DATA:
The secondary data will be collected through:
a) Internet
b) Text Books
c) Journals

SAMPLE SIZE: 100

CONVENIENT SAMPLING: it is that type of sampling where the researcher selects the sample according to his or her convenience.

STASTICAL TOOLS:

MS-EXCEL and MS-WORD

REPORT WRITING AND PRESENTATION
Report Encompasses – Charts, diagrams

DATA ANALYSIS & INTERPRETATION – Classification & tabulation transforms the raw data collected through questionnaire in to useful information by organizing and compiling the bits of data contained in each questionnaire i.e., observation and responses are converted in to understandable and orderly statistics are used to organize and analyze the data.
• Simple tabulation of data using tally marks.

GUIDE DETAILS:

Name of Proposed Guide :

Guide registration No. (If available) :

Designation :

Affiliation :

Qualification :

Total Experience :

Communication Address :

Contact No. :

E-mail ID :