alcon working capital

7/29/2019 Alcon Working Capital

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INTRODUCTION

The Development in Science & technology has brought tremendous change in

business strategy. The globalization has its own inspect on the industrial

environment making it competitive. Hence, to survive in the market the Captains of

the industries perforce have to keep themselves addressed with changing

environment and adopt new techniques of their resource management.

The human resource in any organization is not important but Valuable to any

organization. This significant resource. Warrant due consideration executives and

managers right from the beginning. They have to take into account organizational

deployment and adopt new strategies for recruitment of the best talent available. The

talent available in the marketing is plenty but requirement is to recruit a suitable

talent as per the job requirement and the requirement of the organization. The

different organ may choose their own systems but the and result by selecting the

best will go a long way to fulfill the organizational goals.

The function of Human Resource Executive/Personnel managers does not end

merely at selection stage rather it begins from that step because the talent so selected

is required to be developed to fulfill the organizational interest or

the goals so that there is an overall prosperity of both the organization & the

individual. Towards this end the importance of recruitment & selection of the desired

talent enhances the potential and opportunity for the organizations to and achieve its

objectives.


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EXECUTIVE SUMMARY

The success and failure of the organization largely depends on the human or

employees working in the organization. So recruitment and selection both are very

important and they are concerned with obtaining, organizing, and motivating the

human resources required by the enterprise.

Research was carried out to understand the practices of recruitment and

selection followed by Alcon Cables ltd, Rajpura. To understand the formulation of

recruitment and selection policies in the company and to give the suggestions for

improvement in recruitment and selection procedures currently followed by the

company.

Through this report I was also able to understand, recruitment is sometimes

confused with employment. The two are not one and the same. Recruitment is just

one step in the process of employment. Similarly recruitment and selection are also

different in nature. The function of recruitment precedes the selection process.

Recruitment is concerned with developing suitable techniques for attracting more

and more candidates while selection is the process of finding out the most suitable

candidate for the job.


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Products / Services :

ALUMINUM CONDUCTOR XLPE INSULATED , PVC INSULATED

ARMOURED AND UNAROMOURED CABLE.

COPPER CONDUCTOR XLPE INSULATED, PVC INSULATED ARMOURED

AND UNARMOURED CBALE.

COPPER FLEXIBLE CABLE.

COPPER FLAT CABLE

Company Profile :We are manufacture of LT power and control cable and flexible cable

Establishment Year: 1959

Firm Type: Partnership

Nature of Business: Manufacturer

Level to Expand: State


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Products & services

>> Other products and services

Twine, cordage, ropes and cables

Twine, man-made fibre

Cords, natural fibre

Cords, man-made fibre

Cords, silk and cotton waste

Cords, paper

Cords, braided

Cords, impregnated

Cords, endless

Cords, plastic or latex coated

Cables, cords and ropes, plaited bands and stranded wire slings, metal

Cables, stainless steel wire

Cables, galvanised steel wire

Cables, iron and steel, mixed cables

Cables, mixed, metal-textile fibres

Cables, multi-wire, 4 to 16 strands, non-ferrous metals

Cables, metal, covered

Cables, metal, braided

Power line cable and wire fittings

Terminals, power line cable and wire

Connectors, power line cable and wire

Clamps, power line cable and wire

Cable clips and wiring clips, electric

Cable cleats and saddles, electric

Brackets, power line cable and wire

Cable glands
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Cable glands for hazardous areas

Junction boxes

Junction boxes, watertight

Junction boxes, earth-cable, fusedPower line vibration dampers and spacer dampers

Cable tensioners and cable laying equipment, electric

Cable support systems

Cable suspenders, electric

Cable racks, electric

Cable trays, electric

Cable thimbles and sockets, electric

Cable end sleeves, electric

Cable joint accessories, underground distribution

Electric wires and cables, insulated

Wire, mineral fibre covered, electric

Wire, ceramic covered, electric

Wire, textile covered, electric

Wires and cables for telecommunications and electronics

Cables, coaxial

Cables, coaxial, microwave

Cables, miniature, electric

Local area network (LAN) equipment NES

Local area network (LAN) systems, complete

Local networks, optical fibre cable

Local networks, coaxial cable

Computer cable assemblies and connectors

Computer data cable assemblies, pre-assembled

Computer serial cable assemblies

Computer parallel cable assemblies
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Contact Information :

Web-site:Visit Website

Contact Person: B.K.SAGGI

Designation: PARTNER

Phones (Office) : 1762329943

Phones (Resi.) : 329943

Mobile: 9316603066Fax: 1762232687

Address: 27-A, FOCAL POINT, RAJPURA

RAJPUA - 140401

(Punjab) India
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Vision And Mission

The company aims at successfully meeting the varied needs of the Indian

consumers. The Company has continuously Endeavored to bring new products to the

Indian Consumer the Company stayed close to its roots nature and it has been a

platform for its success for several years.

Mission Statement

The mission statement of Alcon Cables ltd. Rajpura is To produce and sell

goods and service to achieve the highest return on sales in the Industry to total

satisfaction of customers , employees and Share holders in that order.

Quality

Rajpura Branch of Alcon Cables ltd has a good Quality control system

together with Research and Development which is comparable to its best in the

Industry. It is to the Credit of its good Quality Control system and efficient R and D

Department, thatAlcon Cables Ltd, Rajpura has been honoured and awarded .THE

AMERICAN INTERNATIONAL QUALITY CERTIFICATE AND GOLD

MEDAL.


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RESEARCH METHODOLOGY

1. Focus And Objectives of project

Focus of my study is to highlight the significance of human Resource with

following objectives:-

(a) Human beings are complex in nature with potential to grow This resource is

creative and has the ability to contribute in further in the cause of human lives.

(b) The organization require to demonstrate due concern to Recruit & select

required talent for the organizational progress.

2. Approach or Methodology

I was briefed by very guide Shri B.K.SAGGI G.M. (HR & Adm) Alcon

Cables Ltd. Rajpura. He highlighted salient aspects of human Resource management

& importance of proper Recruitment & selection of employees for overall growth of

the organization. He concerned numerous aspects related to recruitment & selection

like the importance, policy, manpower planning, process, objectives & various

options available to recruit the requisite talent.

3. Research Design

The Research design is the blue print for the fulfillment of objectives and

answering questions. It is frame-work which determines the course of action towards

the collection and analysis of required data. It is a master plan specifying the method

and procedures for collecting and analyzing the method information. Descriptive


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Research is used in this study, as the main aim is to describe characteristics of the

phenomenon or a situation.

4. Data Collection

The Sources of data includes :-

1. Primary Data Sources.

2. Secondary Data Sources.

Primary Data Sources :- Primary Data has been Collectly directly from sample

respondents through questionnaires with the help of interview.

Secondary Data Sources:- Secondary data sources are those which has already been

used and kept as records like website of company, manuals reports etc.

Sample Design:- Sample design is definite plan determines before any data is

actually obtained for a sample from a given population.

Target Population : Employers

Sample Unit : Individual

Sampling Technique : Convenient sampling

Sample size : 100 respondent

5. Limitations of the Study

Various limitations of the study are:-

(a) Various Parameters used in the project may not be 100% realistic.

(b) The sample size taken over a limited period may have a margin of error.

(c) Time constraint in the project.


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Meaning of Working Capital

Capital required for a business can be classified under two main categories via,

1) Fixed Capital

2) Working Capital

Every business needs funds for two purposes for its establishment and to carry

out its day- to-day operations. Long terms funds are required to create production

facilities through purchase of fixed assets such as p&m, land, building, furniture, etc.

Investments in these assets represent that part of firms capital which is blocked on

permanent or fixed basis and is called fixed capital. Funds are also needed for short-

term purposes for the purchase of raw material, payment of wages and other day

to- day expenses etc.

These funds are known as working capital. In simple words, working capital refers to

that part of the firms capital which is required for financing short- term or current

assets such as cash, marketable securities, debtors & inventories. Funds, thus,

invested in current assts keep revolving fast and are being constantly converted in to

cash and this cash flows out again in exchange for other current assets. Hence, it is

also known as revolving or circulating capital or short term capital.


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CONCEPT OF WORKING CAPITAL

There are two concepts of working capital:

1. Gross working capital

2. Net working capital

The gross working capital is the capital invested in the total current assets of the

enterprises current assets are those

Assets which can convert in to cash within a short period normally one accounting

year.

CONSTITUENTS OF CURRENT ASSETS

1) Cash in hand and cash at bank2) Bills receivables

3) Sundry debtors

4) Short term loans and advances.

5) Inventories of stock as:

a. Raw material

b. Work in process

c. Stores and spares

d. Finished goods

6. Temporary investment of surplus funds.

7. Prepaid expenses

8. Accrued incomes.

9. Marketable securities.

In a narrow sense, the term working capital refers to the net working. Net working

capital is the excess of current assets over current liability, or, say:

NET WORKING CAPITAL = CURRENT ASSETSCURRENT LIABILITIES.

Net working capital can be positive or negative. When the current assets exceeds the

current liabilities are more than the current assets. Current liabilities are those

liabilities, which are intended to be paid in the ordinary course of business within a


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short period of normally one accounting year out of the current assts or the income

business.

CONSTITUENTS OF CURRENT LIABILITIES

1. Accrued or outstanding expenses.2. Short term loans, advances and deposits.

3. Dividends payable.

4. Bank overdraft.

5. Provision for taxation , if it does not amt. to app. Of profit.

6. Bills payable.

7. Sundry creditors.

The gross working capital concept is financial or going concern concept whereas net

working capital is an accounting concept of working capital. Both the concepts have

their own merits.

The gross concept is sometimes preferred to the concept of working capital for the

following reasons:

1. It enables the enterprise to provide correct amount of working capital at correct

time.

2. Every management is more interested in total current assets with which it has to

operate then the source from where it is made available.

3. It take into consideration of the fact every increase in the funds of the enterprise

would increase its working capital.

4. This concept is also useful in determining the rate of return on investments in

working capital. The net working capital concept, however, is also important for

following reasons:

It is qualitative concept, which indicates the firms ability to meet to its

operating expenses and short-term liabilities.

IT indicates the margin of protection available to the short term creditors.

It is an indicator of the financial soundness of enterprises.


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It suggests the need of financing a part of working capital requirement out of

the permanent sources of funds.


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CLASSIFICATION OF WORKING CAPITAL

Working capital may be classified in to ways:

o On the basis of concept.

o On the basis of time.

On the basis of concept working capital can be classified as gross working capital

and net working capital. On the basis of time, working capital may be classified as:

working capital.

PERMANENT OR FIXED WORKING CAPITAL

Permanent or fixed working capital is minimum amount which is required to ensureeffective utilization of fixed facilities and for maintaining the circulation of current

assets. Every firm has to maintain a minimum level of raw material, work- in-

process, finished goods and cash balance. This minimum level of current assts is

called permanent or fixed working capital as this part of working is permanently

blocked in current assets. As the business grow the requirements of working capital

also increases due to increase in current assets.

TEMPORARY OR VARIABLE WORKING CAPITAL

Temporary or variable working capital is the amount of working capital which is

required to meet the seasonal demands and some special exigencies. Variable

working capital can further be classified as seasonal working capital and special

working capital. The capital required to meet the seasonal need of the enterprise is

called seasonal working capital. Special working capital is that part of working

capital which is required to meet special exigencies such as launching of extensive

marketing for conducting research, etc.

Temporary working capital differs from permanent working capital in the sense that

is required for short periods and cannot be permanently employed gainfully in the

business.


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IMPORTANCE OR ADVANTAGE OF ADEQUATE WORKING CAPITAL

maintaining the solvency of the business by providing uninterrupted of production.

payments and makes and maintain the goodwill.

nding

can arrange loans from banks and other on easy and favorable terms.

discounts on the purchases and hence reduces cost.

Sufficient working capital ensures regular

supply of raw material and continuous production.

leads to the satisfaction of the employees and raises the morale of its employees,

increases their efficiency, reduces wastage and costs and enhances production and

profits.

working capital then it can exploit the favorable market conditions such as

purchasing its requirements in bulk when the prices are lower and holdings its

inventories for higher prices.

tal enables

a concern to pay quick and regular of dividends to its investors and gains confidence

of the investors and can raise more funds in future.

confidence, high morale which results in overall efficiency in a business.


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EXCESS OR INADEQUATE WORKING CAPITAL

Every business concern should have adequate amount of working capital to run its

business operations. It should have neither redundant or excess working capital nor

inadequate nor shortages of working capital. Both excess as well as short workingcapital positions are bad for any business. However, it is the inadequate working

capital which is more dangerous from the point of view of the firm.

DISADVANTAGES OF REDUNDANT OR EXCESSIVE WORKING CAPITAL

1. Excessive working capital means ideal funds which earn no profit for the firm

and business cannot earn the required rate of return on its investments.

2. Redundant working capital leads to unnecessary purchasing and accumulation

of inventories.

3. Excessive working capital implies excessive debtors and defective credit policy

which causes higher incidence of bad debts.

4. It may reduce the overall efficiency of the business.

5. If a firm is having excessive working capital then the relations with banks and

other financial institution may not be maintained.

6. Due to lower rate of return n investments, the values of shares may also fall.

7. The redundant working capital gives rise to speculative transactions

DISADVANTAGES OF INADEQUATE WORKING CAPITAL

Every business needs some amounts of working capital. The need for working

capital arises due to the time gap between production and realization of cash from

sales. There is an operating cycle involved in sales and realization of cash. There are

time gaps in purchase of raw material and production; production and sales; and

realization of cash.

Thus working capital is needed for the following purposes:

For the purpose of raw material, components and spares.

To pay wages and salaries

To incur day-to-day expenses and overload costs such as office expenses.

To meet the selling costs as packing, advertising, etc.


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To provide credit facilities to the customer.

To maintain the inventories of the raw material, work-in-progress, stores and

spares and finished stock.

For studying the need of working capital in a business, one has to study the businessunder varying circumstances such as a new concern requires a lot of funds to meet its

initial requirements such as promotion and formation etc. These expenses are called

preliminary expenses and are capitalized. The amount needed for working capital

depends upon the size of the company and ambitions of its promoters. Greater the

size of the business unit, generally larger will be the requirements of the working

capital.

The requirement of the working capital goes on increasing with the growth and

expensing of the business till it gains maturity. At maturity the amount of working

capital required is called normal working capital.

There are others factors also influence the need of working capital in a business.


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FACTORS DETERMINING THE WORKING CAPITAL REQUIREMENTS

1. NATURE OF BUSINESS: The requirements of working is very limited in public

utility undertakings such as electricity, water supply and railways because they offer

cash sale only and supply services not products, and no funds are tied up ininventories and receivables. On the other hand the trading and financial firms

requires less investment in fixed assets but have to invest large amt. of working

capital along with fixed investments.

2. SIZE OF THE BUSINESS: Greater the size of the business, greater is the

requirement of working capital.

3. PRODUCTION POLICY: If the policy is to keep production steady by

accumulating inventories it will require higher working capital.

4. LENTH OF PRDUCTION CYCLE: The longer the manufacturing time the raw

material and other supplies have to be carried for a longer in the process with

progressive increment of labor and service costs before the final product is obtained.

So working capital is directly proportional to the length of the manufacturing

process.

5. SEASONALS VARIATIONS: Generally, during the busy season, a firm requires

larger working capital than in slack season.

6. WORKING CAPITAL CYCLE: The speed with which the working cycle

completes one cycle determines the requirements of working capital. Longer the

cycle larger is the requirement of working capital.

7. RATE OF STOCK TURNOVER: There is an inverse co-relationship between

the question of working capital and the velocity or speed with which the sales are

affected. A firm having a high rate of stock turnover wuill needs lower amt. of

working capital as compared to a firm having a low rate of turnover.

8. CREDIT POLICY: A concern that purchases its requirements on credit and

sales its product / services on cash requires lesser amt. of working capital and vice-

versa.


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9. BUSINESS CYCLE: In period of boom, when the business is prosperous, there

is need for larger amt. of working capital due to rise in sales, rise in prices, optimistic

expansion of business, etc. On the contrary in time of depression, the business

contracts, sales decline, difficulties are faced in collection from debtor and the firmmay have a large amt. of working capital.

10. RATE OF GROWTH OF BUSINESS: In faster growing concern, we shall

require large amt. of working capital.

11. EARNING CAPACITY AND DIVIDEND POLICY: Some firms have more

earning capacity than other due to quality of their products, monopoly conditions,

etc. Such firms may generate cash profits from operations and contribute to their

working capital. The dividend policy also affects the requirement of working capital.

A firm maintaining a steady high rate of cash dividend irrespective of its profits

needs working capital than the firm that retains larger part of its profits and does not

pay so high rate of cash dividend.

12. PRICE LEVEL CHANGES: Changes in the price level also affect the working

capital requirements. Generally rise in prices leads to increase in working capital.

Others FACTORS: These are:

Operating efficiency. Management ability. Irregularities of supply. Import policy. Asset structure. Importance of labor.


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MANAGEMENT OF WORKING CAPITAL

Management of working capital is concerned with the problem that arises in

attempting to manage the current assets, current liabilities. The basic goal of working

capital management is to manage the current assets and current liabilities of a firm in

such a way that a satisfactory level of working capital is maintained, i.e. it is neither

adequate nor excessive as both the situations are bad for any firm. There should be

no shortage of funds and also no working capital should be ideal. WORKING

CAPITAL MANAGEMENT POLICES of a firm has a great on its probability,

liquidity and structural health of the organization. So working capital management is

three dimensional in nature as1. It concerned with the formulation of policies with regard to profitability,

liquidity and risk.

2. It is concerned with the decision about the composition and level of current

assets.

3. It is concerned with the decision about the composition and level of current

liabilities.

WORKING CAPITAL ANALYSIS

As we know working capital is the life blood and the centre of a business. Adequate

amount of working capital is very much essential for the smooth running of the

business. And the most important part is the efficient management of working capital

in right time. The liquidity position of the firm is totally effected by the management

of working capital. So, a study of changes in the uses and sources of working capital

is necessary to evaluate the efficiency with which the working capital is employed in

a business. This involves the need of working capital analysis.

The analysis of working capital can be conducted through a number of devices, such

as:

1. Ratio analysis.

2. Fund flow analysis.

3. Budgeting.


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1. RATIO ANALYSIS

A ratio is a simple arithmetical expression one number to another. The technique of

ratio analysis can be employed for measuring short-term liquidity or working capital

position of a firm. The following ratios can be calculated for these purposes:1. Current ratio.

2. Quick ratio

3. Absolute liquid ratio

4. Inventory turnover.

5. Receivables turnover.

6. Payable turnover ratio.

7. Working capital turnover ratio.

8. Working capital leverage

9. Ratio of current liabilities to tangible net worth.

2. FUND FLOW ANALYSIS

Fund flow analysis is a technical device designated to the study the source from

which additional funds were derived and the use to which these sources were put.

The fund flow analysis consists of:

a. Preparing schedule of changes of working capital

b. Statement of sources and application of funds.

It is an effective management tool to study the changes in financial position (working

capital) business enterprise between beginning and ending of the financial dates.

3. WORKING CAPITAL BUDGET

A budget is a financial and / or quantitative expression of business plans and polices

to be pursued in the future period time. Working capital budget as a part of the total

budge ting process of a business is prepared estimating future long term and short

term working capital needs and sources to finance them, and then comparing the

budgeted figures with actual performance for calculating the variances, if any, so that

corrective actions may be taken in future. He objective working capital budget is to

ensure availability of funds as and needed, and to ensure effective utilization of these


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resources. The successful implementation of working capital budget involves the

preparing of separate budget for each element of working capital, such as, cash,

inventories and receivables etc.


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ANALYSIS OF SHORT

The short term creditors of a company such as suppliers of goods of credit and

commercial banks short-term loans are primarily interested to know the ability of a

firm to meet its obligations in time. The short term obligations of a firm can be met

in time only when it is having sufficient liquid assets. So to with the confidence of

investors, creditors, the smooth functioning of the firm and the efficient use of fixed

assets the liquid position of the firm must be strong. But a very high degree of

liquidity of the firm being tied up in current assets. Therefore, it is important

proper balance in regard to the liquidity of the firm. Two types of ratios can be

calculated for measuring short-term financial position or short-term solvencyposition of the firm.

1. Liquidity ratios.

2. Current assets movements ratios.

A) LIQUIDITY RATIOS

Liquidity refers to the ability of a firm to meet its current obligations as and when

these become due. The short-term obligations are met by realizing amounts from

current, floating or circulating assts. The current assets should either be liquid or near

about liquidity. These should be convertible in cash for paying obligations of short-

term nature. The sufficiency or insufficiency of current assets should be assessed by

comparing them with short-term liabilities. If current assets can pay off the current

liabilities then the liquidity position is satisfactory. On the other hand, if the current

liabilities cannot be met out of the current assets then the liquidity position is bad. To

measure the liquidity of a firm, the following ratios can be calculated:

1. CURRENT RATIO

2. QUICK RATIO

3. ABSOLUTE LIQUID RATIO


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1. CURRENT RATIO

Current Ratio, also known as working capital ratio is a measure of general liquidity

and its most widely used to make the analysis of short-term financial position or

liquidity of a firm. It is defined as the relation between current assets and currentliabilities. Thus,

CURRENT RATIO = CURRENT ASSETS

CURRENT LIABILITES

The two components of this ratio are:

1) CURRENT ASSETS

2) CURRENT LIABILITES

Current assets include cash, marketable securities, bill receivables, sundry debtors,

inventories and work-in-progresses. Current liabilities include outstanding expenses,

bill payable, dividend payable etc.

A relatively high current ratio is an indication that the firm is liquid and has the

ability to pay its current obligations in time. On the hand a low current ratio

represents that the liquidity position of the firm is not good and the firm shall not be

able to pay its current liabilities in time. A ratio equal or near to the rule of thumb of

2:1 i.e. current assets double the current liabilities is considered to be satisfactory.

B) CURRENT ASSETS MOVEMENT RATIOS

Funds are invested in various assets in business to make sales and earn profits. The

efficiency with which assets are managed directly affects the volume of sales. The

better the management of assets, large is the amount of sales and profits. Current

assets movement ratios measure the efficiency with which a firm manages its

resources. These ratios are called turnover ratios because they indicate the speed with

which assets are converted or turned over into sales. Depending upon the purpose, a

number of turnover ratios can be calculated. These are :

1. Inventory Turnover Ratio

2. Debtors Turnover Ratio

3. Creditors Turnover Ratio


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4. Working Capital Turnover Ratio

The current ratio and quick ratio give misleading results if current assets include high

amount of debtors due to slow credit collections and moreover if the assets include

high amount of slow moving inventories. As both the ratios ignore the movement ofcurrent assets, it is important to calculate the turnover ratio.


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WORKING CAPITAL TURNOVER RATIO

Working capital turnover ratio indicates the velocity of utilization of net working

capital. This ratio indicates the number of times the working capital is turned over in

the course of the year. This ratio measures the efficiency with which the working

capital is used by the firm. A higher ratio indicates efficient utilization of working

capital and a low ratio indicates otherwise. But a very high working capital turnover

is not a good situation for any firm.

Working Capital Turnover Ratio = Cost of Sales

Net Working Capital

Working Capital Turnover = Sales

Networking Capital

e.g.

Year 2006 2007 2008

Sales 166.0 151.5 169.5

Networking Capital 53.87 62.52 103.09

Working Capital Turnover 3.08 2.4 1.64

Interpretation :

This ratio indicates low much net working capital requires for sales. In 2008,

the reciprocal of this ratio (1/1.64 = .609) shows that for sales of Rs. 1 the company

requires 60 paisa as working capital. Thus this ratio is helpful to forecast the working

capital requirement on the basis of sale.

INVENTORIES

(Rs. in Crores)

Year 2005-2006 2006-2007 2007-2008

Inventories 37.15 35.69 75.01

Interpretation :


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Inventories is a major part of current assets. If any company wants to manage its

working capital efficiency, it has to manage its inventories efficiently. The graph

shows that inventory in 2005-2006 is 45%, in 2006-2007 is 43% and in 2007-2008 is

54% of their current assets. The company should try to reduce the inventory upto10% or 20% of current assets.

CASH BNAK BALANCE :

(Rs. in Crores)

Year 2005-2006 2006-2007 2007-2008

Cash Bank Balance 4.69 1.79 5.05

Interpretation :

Cash is basic input or component of working capital. Cash is needed to keep the

business running on a continuous basis. So the organization should have sufficient

cash to meet various requirements. The above graph is indicate that in 2006 the cash

is 4.69 crores but in 2007 it has decrease to 1.79. The result of that it disturb the

firms manufacturing operations. In 2008, it is increased upto approx. 5.1% cash

balance. So in 2008, the company has no problem for meeting its requirement as

compare to 2007.


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OBJECTIVES

The research has been undertaken with following objectives.

To study the level of Working Capital among the employees of Alcon Wires & Cables Ltd.

To study the factors affecting Working Capital among the employees of Alcon Wires & Cables

Ltd.

DATA COLLECTION

The task of data collection begins after the research problem has been defined and research

design chalked out. While deciding the method of data collection to be used for the study, the

researcher should keep in mind two types of data viz. Primary and secondary data.

PRIMARY DATA

The primary data are those, which are collected afresh and for the first time and thus happen to

be original in character. The primary data were collected through well-designed and structured

questionnaires based on the objectives.

SECONDARY DATA

The secondary data are those, which have already been collected by someone else and

passed through statistical process. The secondary data required of the research was collected

through various newspapers, and Internet etc.


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TYPE OF RESEARCH

Exploratory Research design

These designs are the first step to start any research & are absolutely essential to

obtain the proper definition of the problem. It helps in classifying the concepts of

the study. The major emphasis is the discovery of ideas and insights by studying

the available information.

Descriptive Research Design

These are concerned with describing the characteristics of a particulars

phenomenon in detail the descriptive study requires a clear specifications of who,

what, when, where, why & how aspects of research.

The methodology adopted to achieve the project objective involved

descriptive research method


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SAMPLING PLAN

,

The study is based on the sampling method because up to some extent it is free frombiasness.

Sampling Size : 100

Sampling Technique : Convenience Sampling

Sampling Area : Alcon Wires & Cables Ltd.

TOOLS AND TECHNIQUES OF ANALYSIS

Tools - Questionnaire and Interview

Data presentations- Table and Pie-chart

Tables and Pie-chart are used in order to analyse the primary and secondary data

from various sources.


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DATA ANALYSIS

ANDINTERPRETATION


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DATA ANALYSIS AND INTERPRETATION

After data have been collected, the researcher turns to the task of analyzing them. The analysis of

data requires a number of closely related operations such as establishment of categories, the

application of these categories to raw data through tabulation and drawing statically inferences.

Tabulation is the part of technical procedure where in the classified data are put in the form of

tables.

After analyzing the data, the researcher should have to explain the findings on the basis of some

theory. It is known as interpretation

The data has been collected from 100 employees of Alcon Wires & Cables Ltd. through

questionnaire. The data thus collected was in the form of master table.

That made possible counting of classified data easy. From the master table various summery

tables were prepared. They have been presented along with their interpretation in this manner.


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Q Do you feel that your job suits your educational qualification?

YES 70%

NO 30%

INTERPRETATION

There was 100% response from the employees. Out of which 70% of the employees have

supported the statement i.e, they have opted the option Yes. And remaining 30% of the

employees had been opposing the statement i.e., they had opted the option No.

This analysis clearly conveys that majority of the employees are working according to their qualification.

And some of the employees are not appointed according to their qualification.

70

30

YES

NO


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Q What is your level of satisfaction regarding superior subordinate and colleague

relationship?

Highly Satisfied 40%

Satisfied 60%

Dissatisfied -

Interpretation

According to the response from the employees to whom the questionnaire were distributed,

almost every employee is having an healthy relationship with his superior ,subordinate and

colleague. According to the tabular form, 40% of the employees agreed that they are highly

satisfied with the relationship and 60% of the employees are satisfied with the relationship in the

organization. And none of the employees supported the third option.

This is a good sign for the organization to enhance its future performance.

40

60

Highly Satisfied

Satisfied

Dissatisfied


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Q Are you satisfied with your pay package?

Yes 75%

No 25%

INTERPRETATION

In this, 75% of the employees have agreed that they are satisfied with the pay package. And 25%

of the employees had not satisfied with the pay package. Of course, the satisfaction level differs

from employee to employee but the dissatisfaction may effect the work and the productivity. So

the measures must be taken to avoid the dissatisfaction.

75

25

YES

NO


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Q What is your level of satisfaction regarding the work environment?

High 45%

Medium 27%

low 28%

INTERPRETATION

Regarding the work environment, 45% of the employees have been satisfied with the present

working conditions. And 28% of the employees have been medium satisfied. 27% of the

employee are not satisfied.

We all know the importance of the working conditions and slight changes may be done to make

the unsatisfied as satisfied employees.

45

27

28

high

medium

low


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Q Does the company provide you flexible working hours?

YES 100%

NO -

INTERPRETATION

There was 100% response from the employees out of which 100% of the employees has

supported the statement i.e. they agreed that the company is providing the flexible working

hours. Providing the flexible working hours may reduce the stress to an extent and this is one of

the good features of an organization.

100

YESNO


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Q Is there any opportunity for you to use new technology?

ALWAYS 80%

SOMETIMES 20%

NEVER -

INTERPRETATION

The opportunity to use new technology may enhance the skills of the employees. In this regard,

80% of the employees had agreed that the company provides the opportunity to use the new

technology. And 20% agreed sometimes that company provides the opportunity to use new

technology

As the majority agreed it, this is fare on the part of the company.

80

20

Always

SOMETIME

NEVER


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Q Are you satisfied with the Canteen Facility provided by Organization?

Agree 95%

Disagree 5%

INTERPRETATION

Regarding the Canteen Facility, 95% of the employees have been agreed with the facilities. And

5% of the employees have not been agreed due to improper hygienic food.

95

5

AgreeDisagreee


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Q Are you satisfied with the implementation of rules and responsibilities?

INTERPRETATION:

In this70% of employee are satisfied with the rules and responsibilities and 30% of employee are

not satisfied with the rules and responsibilities.

70

30

May

May not be

May 70%

May not be 30%


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Q Are you satisfied with job security?

Always 98%

Sometimes 2%

Never

INTERPRETATION:

In this 98%employees are satisfied with the job security and 2% employees are not satisfied with

their job security.

98

2

Always

Never

Sometime


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Q Are you satisfied with the performance appraisal system?

INTERPRETATION:

In this 80% of the employee are agreed with the performance appraisal system and 20% of the

employee are not agreed with the performance appraisal system.

80

20

Agree

disagree

Agree 80%

Disagree 20%


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Q Are you satisfied with the lighting and other arrangement in the office?

YES 90%

No 10%

INTERPRETATION:

In this 90% of the employees are satisfied with of the lightning and the arrangement in the office

and 10% of the are not satisfied with of the lightning and the arrangement in the office.

90

10


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Q Are you satisfied with the safety measures provided by your

company?

Good 25%

Excellent 70%

Poor 5%

INTERPRETATION:

In this 25% employee are good satisfied with the safety measures provided by the company and

70% employees are excellent satisfied with the safety measures provided by the company and

5% not very good satisfied with the safety measures provided by the company .

25

70

5

good


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Q How long have you worked for company?

1-3 years 85%

4-6 years 10%

7-10 years 5%

10 years -

INTERPRETATION:

In this 85% of the employees who have been working long for the company and 5% of the

employee are working for less than 10years.

85

105

1-3 yrs

4-6 yrs

7-10 yrs

10 yrs


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Q Are you satisfied with the training provided for your current job?

INTERPRETATION

In this 75% of the employees are satisfied with the training which are provided by the company

and 25% of the employees are not satisfied with the training which are provided by the

company.

yes

no

Yes 75%

No 25%


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CHAPTER 6

FINDINGS


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FINDINGS

All the findings are drawn based on the analysis and interpretation of the

primary data regarding the Working Capital of the employees of Alcon Cables

From the analysis and interpretation, it is concluded that 80 % of the

employees are satisfied with the workplace and only 20% employees are not

satisfied with the workplace, which are negligible in number. And similarly in

case of infrastructure 70% of the employees are satisfied and very small

number of employees are not happy with the infrastructure of Alcon Cables

and the canteen facilities. It means the workplace and infrastructure of

Alcon Cables

is good or satisfactory. It is notice that near about 84% the employees are satisfied with

implementation of rules and responsibilities. And only some of them are

not seems to be satisfied with the implementing rules and

responsibilities. Therefore it shows that implementation of rule and

responsibility is done fairly.

From the study it is clear that the 70% percentage of employeesare happy with the freedom at work given by management but only

some of them are not feeling satisfied with the freedom given at work

place.

According to analysis and interpretation, 60% of the employeesare satisfied with the team spirit built in organization and only few are


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not happy with team spirit in the organization. From this it seems that

the team spirit in the organization is strong.

This study shows that only few employees strongly feel that theworking hours decided by organization are most convenient for them.

Other is not in favor with these working hours. So it is clear that the

management kept the main consideration about working conditions and

the hours, which satisfies the employees.

The study shows that very small numbers (32%) of employees are satisfiedwith the job security.

And remaining most of the employees are not satisfiedwith the job

Security provided by the organization. Hence from this analysis it is cleared that

there is feeling of fear of job loss in the employees of Alcon Cables

An analysis shows that about 75% of employees are strongly infavor that the targets given are achievable and only are not feels that

the targets given are achievable. Hence the targets set by management

are achievable.


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SUGGESTIONS

The suggestions are drawn from the analysis and observations. Few suggestions aregiven as under:

In case of working hours decided by the organization are not convenient for the

employees ofAlcon Cables

The working hours are 6 hours per day that from 8.30AM to 5 PM. These hours shouldminimize up to 5 hours.

The criteria for Job security is not much satisfactory so management need toconcentrate on job security of employees so that they can work without fear of

job loss in the organization.

Opportunities of growth of employees are very less so that there can beemployee turnover hence management has to give emphasis on increasing the

promotion opportunities for according to the performance of employees.

From analysis we concluded that the period of in house training is very short thatis of only 3 days, which is not sufficient to get complete knowledge about the work.

Hence the training period should extend up to 5 days.

As there is an active participation of employees in decision making but rarelythe suggestions given by them are drawn in action. Hence the confidence of

employees gets demotivated.


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LIMITATIONS OF THE STUDY

Short span of time: The main limitation is the availability oftime. Due to short span of time, some inaccuracy may

have occurred.

Biasness on the part of respondents: Some respondentswere not ready to reveal the true information.

Inaccurate access: Due to short span of time it was notpossible to access all employees as factory is wide.

Some were not interested in filling the questionnaires andthey did not give back the questionnaires.


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CONCLUSIONS

The employees are working according to their qualifications.There is a healthy environment in the company.The majority of the employees are satisfied with pay package.The working conditions are favourable to the employees.The working hours are flexible.All the employees are satisfies with the benefits.New technology is implemented by the company.Overall evaluation says that employees are satisfied.Some employees have given suggestions.


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BIBLIOGRAPHY

Web-sites

1.http://en.wikipedia.org/wiki/Job_satisfaction2.http://www.careerkey.org/asp/career-options/job-

satisfaction.html

3.http://www.google.co.in/

Books: -

.Awasthappa, K Human Resource and Personnel Management

Published by Tata

McGrraw-Hill Publishing Company :Limited, New Dehli.

.Armstrong, Michael (1988), A Handbook of Personnel Managment

Practice.Published By Kagon , London.

. KS Kothari, Research methodology

. Chabra, T.N.,Human resource management, 5th revised edition
http://en.wikipedia.org/wiki/Job_satisfactionhttp://www.careerkey.org/asp/career-options/job-satisfaction.htmlhttp://www.careerkey.org/asp/career-options/job-satisfaction.htmlhttp://www.careerkey.org/asp/career-options/job-satisfaction.htmlhttp://www.careerkey.org/asp/career-options/job-satisfaction.htmlhttp://www.google.co.in/http://www.google.co.in/http://www.careerkey.org/asp/career-options/job-satisfaction.htmlhttp://www.careerkey.org/asp/career-options/job-satisfaction.htmlhttp://en.wikipedia.org/wiki/Job_satisfaction


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ANNEXTURE

Questionnaire

NAME- MOBILE No.-

AGE- OCCUPATION-

Q: Do you feel that your job suits your educational qualification?

Yes

No

Q: what is your level of satisfication regarding superior- subordinate and

collague relationship?

Highly satisfied Satisfied Dissatisfied

Q: Are you satisfied with your pay package?

Yes No

Q: what is your level of satisfication regarding the work environment?

High Medium Low

Q: Does the company provide you flexible working hours?

Yes


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No

Q: Is there any opportunity for you to use new technology ?

Always Sometimes Never

Q: Are satisfied with the job security?

Always Sometimes Never

Q Are you satisfied with the performance appraisal?

Agree Disagree

Q: Are satisfied with the lightning and other arrangeement in the office?

Yes No

Q:Are you satisfied with the canteen facitily provided by organization?

Agree

Disagree

Q Are you satisfied with the implementation of rules and responsibilities?

May

May not be

Q: Are you satisfied with the safety measure provided by your company?


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Good

Excellent

Poor

Q: How long have you worked for company?

1-3 years

4-6years

7-10years

10years

Q: Are you satisfied with the traning provided for your current job?

Yes

No


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BIBLIO-GRAPHY

2. Armstrong, Michael(1988),A Handbook of Personnel

Management Practice, Published by Kogan,London.

3. Rensis likert, The Human Organisation:Its Management

andValueMc-GrawHill Book Company, New York.

4. Yoder Dale, Personnel Management and Industrial

Relations1967.

5. KS Khotari,Research Methodology.

6. R.K.Sur and Sanjiv Verma,Organizational Behaviour.

7. Shashi K Gupta and Rosy Joshi,Organizational Behaviour.


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WEBSITES:

www.google.com www.yahoo.com projects.com http://en.wikipedia.org/wiki/recruitmentand selection. http://www.managamenthelp.org/ http://recuritment.naukrihub.com./recuritment Vs selection html. +

(Project)
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