sriyanka patra rims

WORK VALUE IN ORGANISATION,TATA STEEL(TMDC)

INTRODUCTION TO WORK VALUES A value is a principal or standard that is held in high

esteem by an individual and is related to all aspects of one's personal and work life. You may have values around family, work, spiritual, leisure, personal, etc. In this exercise you will focus on your work values. As you rank each value, think about how important the value is to you in a work setting.

As you consider your work related values, keep in mind that there are no right or wrong work values; rather it is a process of identifying what matters most to you rather than someone else.

Often, people choose a career for all the wrong reasons, and find their responses to the workplace are incompatible with their true values. This may produce feelings of unrest, discontent and a loss of productivity. Also, employers like to see certain work values in employees and will not hire people who don't show their actual true values at work. To help avoid these problems, career values help people uncover their real values and use them to make better career choices. Taking a work values test can help you identify your career and work values.

Why work values are important

Work values include talents, motives, values and attitudes which provide stability and direction for your chosen career. A work value is your driver or motivator for your work. A career anchor value is also the one element in your self-concept that you will not give up, even when facing difficult choices.

Cont…..

Integrity we must conduct our business fairly with honesty and transparency. Everything we do must stand the test of public security.

Understanding ,we must be caring show respect , compassion and humanity for our colleagues and customers around the world and always work for the benefit of the communities we serve.

Excellence we must constantly strive to achieve the highest possible standards in our day to day work and in the quality of the goods and services we provide..

FIVE CORE VALUE OF TATA STEEL

Unity we must work cohesively with our colleagues across the group and with our customer and partners around the world , building strong relationships based on tolerance, understanding and mutual cooperation.

Responsibility ,we must be responsible and responsive to the countries ,communities and environments in which we work,always ensuring that what comes from the people goes back to the people many times over

CONT……

To find out the Work value in terms of it’s relationship between, job satisfaction and Organisational commitment. 

To understand the commitment level  To find out the scope for better performance,Role

calarity To know the satisfaction level  To find out the Effective utilisation of

Competiencies  

OBJECTIVES

Work value refers to our work life and is relevant to lude variety of work choice that emphasis each career choice

Its core value ,competencies and motives that guides your perception of the ideal job

Work value is useful scale to know yourself

SCOPE OF THE STUDY

DATA SOURCES For the purpose of study the primary as well as the

secondary data has been collected. Primary Data: It is collected for the first time and thus

happens to be original in nature. It can be collected by interviews and questionnaires from respondents. Research Approach- Survey

Research Instrument- Interview Schedule. Secondary Data: It is collected from documentary

sources like news papers, diaries, letters, records and reports on surveys.

RESEARCH METHODOLOGY AND DATA ANALYSIS

THE UNIVERSE: The universe for the study as under is TATA STEEL , JAMSHEDPUR

consisting of the managers, executives as well as the white collared employees and staff irrespective of the departments to which they belong.

SAMPLE OF THE STUDY: The sample size of the study refers to the number of items to be selected

from the population to constitute a sample. The sample size used for the study includes 30 employees from the company.

MARGIN OF ERROR: A margin of 5-7% is considered for error. REPRESENTATION OF DATA: The pie-charts depict the percentage value of a particular set of response

in comparison with the total response. At the end an analysis is made on the basis of self understanding of the responses gathered to see how far the objective of the research is fulfilled.

DaTA SOURCE

1 ) DO YOU SATISFAIED WITH THE WORK VALUES OF TATA STEEL?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

QUESTIONNAIRE OF WORK VALUES OF TATA STEEL

70%

23%

3%3%

1

2

3

4

2 )HAVE A VERY GOOD MUTUAL TRUST AND TEAM WORK?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT….

73%

20%

3%3%

1

2

3

4

3) GIVES A LOT OF OPPERTUNITIES TO NEW EMPLOYES?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT…..

97%

3%

1

2

3

4

4) GRIEVANCES AND COMPLAIN OF CUSTOMER AS WELL AS EMPLOYEE ARE TAKEN GOOD CARE OF?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT…

57%

43%1

2

3

4

5) WELLNESS, LEARNING & DEVLOPMENT PROGRAM ARE ORGANISED TIME TO TIME FOR AN EMPLOYEE?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT…

50%47%

3%

1

2

3

4

6) VARIOUS NUMBERS OF INECATIVE IS TAKEN FOR WOMEN?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT…

33%

63%

3%

1

2

3

4

7) COMPANY PERFORMANCE COMMITE TO TARGET?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT….

57%

40%

3%

1

2

3

4

8) DEVLOPMENT AND GROWTH OF EMPLOYEE IS VERY GOOD?

1. STRONGLY AGREE2. AGREE3. DISAGREE4. STRONGLY DISAGREE

CONT…..

37%

57%

3%3%

1

2

3

4

LIMITATIONS OF THE STUDY Any study conducted in order to gather data about a

relevant subject or topic is bound to have some limitations also. These limitations results in the error that is committed in the analysis of the data. Some of the limitations of this study are as follows.

Biasness. Time constraints. The sample being compared are not matched. Confidential constraints. Unwillingness on the part of the respondents to answer. Perception errors.

CONT….

Every study or a project is undertaking with a view to arrive at a conclusion and some relevant fact:

From the questionare it is evident that security and stability are important work value.

Independence and autonomy to work is an important work value to select a job.

Technical and functional in job are very important in choosing an work.

The employee or the potential candidate aspiring to reach higher position. of the general management of the company.

In the present scenario enterprenuership is an important element in selecting an work value.

Challenges are an important aspect in selecting a job profile.

FINDINGS

STRENGTH

1. Raises over 14 million tonnes of ores from its captive collieries, iron ore mines and quarries2. Adaptability of company in the fast changing environment3. Excellent integration with Corus which has more than 2000 metallurgists4. Control over raw materials5. Economies of scale6. Strong backing of Tata brand name7. Operations in 26 countries and a commercial presence in over 50

WEAKNESS

1. Operational efficiency are not as good as international leaders2. Slightly lagging in technological front Weakness

SWOT ANALYSIS

OPPORTUNITY

1. Newer technologies- The Corex process, The Hismelt process, Direct iron ore smelting2. Public private partnership3. Acquisition of coal blocks in Asia, Africa etc.

THREATS

1. Rising coking coal prices2. India is plagued with violent agitation against land acquisition3. Government & regulatory norms4. International competition

Contd….

SEGMENT Strip & long Steel products, Iron ore mining, Agricultural implements

TARGET GROUP Construction, automotive, infrastructure, capital goods

POSITIONING The global steel industry benchmark for value creation and corporate citizenship

STP OF TATA STEEL.

POLITICAL ASPECT: Though the Tata steel made the various acquisitions for the growth of the

company and for the reason of the expansion of the business they took a very high amount of risk by investing in the countries like Bangladesh, Iran, and Thailand. These are the some important features of the liberalization policy which leads to Tata steel to be on the growth path. Apart from this the mining policies of the government and other policies helped the Tata steel in reduction of import a duty and export duty and other things which are responsible for the high growth of the Tata steel industry globally.

ECONOMIC ASPECT: Steel industry may got affected because of the cyclical economic condition

because many industries like automobiles, appliances and construction are depends on the steel industry and if industries faces any kind of downturn in the economy Tata steel also may also face the losses .steel production process are completely dependent on the energy market which can affect the Tata steel in the economic manner. With the acquisition of CORUS company gained the growth prospective in nature but, the cost of acquisition goes beyond the financial expectations.

PEST ANALYSIS OF TATA STEEL

SOCIO-CULTURE FACTOR: TATA STEEL got awarded for the commitments in the business ethical

behaviour and improving the lives of the employees and their families. For this purpose Tata steel got awarded by the GOLDEN PEACOCK GLOBAL AWARD. TATA STEEL also focused to create the social environment. They constantly made the improvements in the health issues, economic wellbeing and education facilities provided to the nation. This policy works out in near 800 villages in Jharkhand .Orissa and Chhattisgarh. Hospital on wheels is the basic innovation of the Tata’s whereas Tata is also responsible for the habitation in slum areas in urban developing cities.

TECHNOLOGICAL FACTOR Tata steel and the sail(steel authority of India ) started the E-PORTAL

system in middle of year 2000.thistechnology is also known as the METAL JUNCTION which is helpful for not only to Tata steel but also to entire industry. With the help of this technology e market is the biggest market for the purchasing and selling of the steel in the world.

CONT….

PORTER’S FIVE FORCE MODEL

•The organization to provide challenges to challenging an work value.

•The company should focus on the technical aspect and provide proper training regarding the technical skill of the worker so as to increase their involvement.

•The organization should provide better security and stability features always try to in order to attract and retain the workers.

•The organization should always try to understand the various work value for the employees through appraisal and always try to work on them.

RECOMMENDATIONS

To describe the term impact of work of organisation on work culture is very much large & proper works are very important for customer satisfaction.

  According to the study it is concluded that the overall satisfaction level of

work value programs is high.  The workers agree that the work value increases productivity and achieve

the organizational goal.

If the work value in the organization is good than the trade union also become healthy.

So, work values are very much essential in the organization. 

CONCLUSION

  Google scholar www.ebscohost.com Asawathapa book LM Prasadwww.iveybusinessjournal.com en.wikipedia.org www.google.co.in eds.b.ebscohost.com WWW.tatasteel.com www.corporatespirit.eu www.tata.in www.tata.co.in  

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