TITLE OF THE PROJECT

MANAGING COMPENSATION
IN
COCA COLA LTD.

INTRODUCTION
Services rendered by individuals to organizations have to be adequately paid for. This compensation
generally comprises cash payments, which in addition to wages includes pensions, bonous for good work,
and shared profits. Compensation can also be in the form of promotion or words of praise. Workers also
drive a certain amount of personal satisfaction as compensation for a job well done. It is difficult to
outline and explain every aspect of payment of compensation.- beside wages there are certain amount of
job compensation which an employee look for such as job satisfaction, job content, responsibility,
creativity and so on.

Compensation building blocks

Effective Compensation views total compensation as a strategic collection of a number of programs
developed to accomplish specific organizational objectives. The programs can be classified into the
following categories:

Base Salary - the fixed amount to be paid (often for performance) according to a system of job
classification or market based criteria.
Incentives - additional variable pay based on performance against objectives and payable in cash, stock
or tax-deferrable arrangements.
Protectives - programs which insure employees against loss of life or earning ability, and which insure
against major current expenses.
Life insurance
Medical insurance
Survivor's income
Dental insurance
Disability income
Capital Accumulation - programs, usually stock plans, that provide the opportunity to establish a
personal estate under attractive conditions. Phantom equity arrangements and long-term incentives can

also be included under this category. Such programs should serve the owners by aligning management's
interests with that of the shareholders.
Retirement Income - plans that defer income for services rendered to a later payment date (qualified
plans such as pensions, profit sharing, and thrift plans as well as supplemental programs and employment
contracts).
Perquisites - company paid allowances beyond direct pay (free parking, automobile and operating
expense, expense allowance, total medical reimbursement, club memberships, etc.).
Paid Time off - vacations, holidays, family leave, jury duty, etc. . . .
In addition, the way compensation is allocated to and communicated to employees affects the
effectiveness of the programs.

OBJECTIVE OF THE STUDY

The main aim of the research is to:(1).

A detailed study about compensation management

(2).

Survey about compensation management in Coca Cola.

(3).

the contribution of compensation management to attract, retain and motivate the employee of
Coca Cola.

Compensation management is the process wherein the management finds out how effective it has been for
the employees.

This study shall give some suggestions for making the present training and development system
more effective.

It shall give organization the direction, how to deal differently with different

RESEARCH METHODOLOGY

A Research Methodology defines the purpose of the research, how it proceeds, how to
measure progress and what constitute success with respect to the objectives determined
for carrying out the research study.

The appropriate research design formulated is detailed below

MODE OF DATA COLLECTION

Broadly there are two methods of data collection:-

Primary data collection method

Secondary data collection method

Primary data collection method: - Primary source of data implies collection of data from its
source of origin. It offers you first-hand quantitative information relating to your statistical study.
I have collected primary data through:

Questionnaires

Interaction with the respondents

Secondary data collection method: -

secondary source of data implies collection of data

from some agency or institution which already happens to have collected the data through statistical
survey(s). It does not offer you first-hand information relating to your statistical study. You are to rely on
the information which already exists.
I have collected secondary data from:

Internet

Books

Magazines

QUESTIONNAIRE
1.

2.

3.

4.

5.

Since when are you working in this company?

1.

1 4years

2.

10years

3.

10years and above

Is this your first job?

1.

Yes

2.

No

What made you join this organization?

1.

Compensation

2.

Career growth

3.

Work culture

4.

Was first job

5.

Fight with previous employee

6.

Organization brand image

Did the employer give clarity in your roles and responsibility to your satisfaction level?
1.

Yes

2.

No

What benefits (in extra to your salary) do you get from the company?
1.

Medical allowance

2.

Conveyance

3.

Dearness allowance

6.

7.

8.

4.

Bonus

5.

Leave travel allowance

6.

Incentive

7.

Fringe benefits

Is your basic salary in line with the minimum wage regulation of India?
1.

Yes

2.

No

3.

Dont know

Does your company provide you monetary benefits for some extraordinary achievements?
1.

Yes

2.

No

3.

Dont know

In the order of preference PLS arrange the following w.r.t.motivating factors for you. (1
being least important, 5 being most important)
1.

Work culture

2.

Compensation benefits

3.

Career growth

4.

Brand image of the organization

5.

Job satisfaction

9.

How would you rate the following of Coca Cola in line with the trend in the market?

Salary
1.

Best

2.

Average

3.

Below Aver\

Incentive
1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Conveyance
1.

Best

2.

Average

3.

Below Average

4.

Very Poor

1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Bonus

Work Environment
1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Internal Parity in Salary

1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Recognition
1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Rewards
1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Ethics
1.

Best

2.

Average

3.

Below Average

4.

Very Poor

Career Growth

10.

1.

Best

2.

Average

3.

Below Average

4.

Very Poor

How would you rate the MORALE in your company?

1.

Low

2.

Very Low

3.

High

4.

Very high

BIBLIOGRAPHY
Books:

V S P Rao, Excel books, A-45 Naraina Phase-1, New Delhi-110028

Compensation and Rewards system, Uday Parikh, 2009, Crystal Publication

Motivational Theories, David Shaun, 2009, Thomson Publication

Website:

www.cocacloa.com

www.google.com

www.yahoosearch.com