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On
Of
Of
Session 2017-19
Enrolment no.-MB/17/011
MBA IV SEMESTER
DECLARATION
“I Kirti Neha Kullu do hereby declare that the project report submitted to the
Jharkhand Rai University.
Is the piece of research work carried out by me under the guidance of Mr. S Bakshi
and in supervision of Prof. ManbhajanSahu.
I further declare that the information has been collected from genuine & authentic
sources and I have not submitted this project report to this or any other
degree/diploma/certificate university or any other University.”
Roll No. :
ACKNOWLEDGEMENT
The present work is an effort to throw some light on "JOB SATISFACTION &
RETENTION IN CCL".
Further I would thank all the staff members of HR division who have been very
courteous in providing all other information about company and its product.
I am also thankful to all the respondents who spared their valuable time for filling
up the questionnaire and helped me out with this project.
I convey my affection to all those people who helped and supported me during
course, for completion for my report project.
This to certify that the report of the project submitted is the outcome of the
project work entitled TRAINING & DEVELOPMENT carried out by Kirti Neha kullu
bearing Roll No.:011 & Enrollment No. : MB/17/011 Carried by under my guidance
and supervision for the award of Degree in Master of Business Administration of
Jharkhand Rai University, Ranchi, Jharkhand.
_______________________
Name:
Designation:
Department:
CHAPTER-1
In the regions of British India known as Bengal, Bihar and Odisha, the Kutch
Gurjar Kshatriyas pioneered Indian involvement in coal mining from 1894. They
broke the previous monopolies held by British and other Europeans, establishing
many collieries. Seth Khora Ramji Chawda of Sinugra was the first Indian to break
the British monopoly in the Jharia Coalfields. Other Indian communities followed
the example of the Kshatriyas in the Dhanbad-Jharia-Bokaro fields after the 1930s.
The Indira Gandhi administration nationalized coal mining in phases - coking coal
mines in 1971-72 and non-coking coal mines in 1973. With the enactment of
the Coal Mines (Nationalization) Act, 1973, all coal mines in India were
nationalized on 1 May 1973. This policy was reversed by the Narendra Modi
administration four decades later. In March 2015, the government permitted
private companies to mine coal for use in their own cement, steel, power or
aluminium plants. The Coking Coal Mines (Nationalization) Act, 1972 and
the Coal Mines (Nationalization) Act, 1973 were repealed on 8 January 2018. In
the final step toward denationalization, on 20 February 2018, the government
permitted private firms to enter the commercial coal mining industry. Under the
new policy, mines will be auctioned to the firm offering the highest per tonne
price. The move broke the monopoly over commercial mining that state-
owned Coal India has enjoyed since nationalisation in 1973.
India has the fifth largest coal reserves in the world, and is the fourth largest
producer of coal in the world, producing 662.79 million metric tons
(730.60 million short tons) in 2016-17. As on 31 March 2017, India had
315.14 billion metric tons (347.38 billion short tons) of the resource. The estimated
total reserves of lignite coal as on 31 March 2017 was 44.70 billion metric tons
(49.27 billion short tons). Due to high demand and poor average quality, India is
forced to import high quality coal to meet the requirements of steel plants. India's
coal imports have risen from 49.79 million metric tons (0.05488 billion short tons)
in 2007-08 to 190.95 million metric tons (0.21049 billion short tons) in 2016-17.
India's coal exports rose from 1.63 million metric tons (1.80 million short tons) in
2007-08 to 2.44 million metric tons (2.69 million short tons) in 2012-13, but
subsequently declined to 1.77 million metric tons (1.95 million short tons) in 2016-
17. Dhanbad city is the largest coal producing city.
With the Government's national energy policy the near total national control of
coal mines in India took place in two stages in 1970s. The Coking Coal Mines
(Emergency Provisions) Act 1971 was promulgated by Government on 16 October
1971 under which except the captive mines of IISCO, TISCO, and DVC, the
Government of India took over the management of all 226 coking coal mines and
nationalised them on 1 May, 1972. Bharat Coking Coal Limited was thus born.
Further by promulgation of Coal Mines (Taking over of Management) Ordinance
1973 on 31 January 1973 the Central Government took over the management of all
711 non-coking coal mines. In the next phase of nationalization these mines were
nationalized with effect from 1 May 1973 and a public sector company named
Coal Mines Authority Limited (CMAL) was formed to manage these non coking
mines.
A formal holding company in the form of Coal India Limited was formed in
November 1975 to manage both the companies
Job satisfaction is an important indicator of how employees feel about their job
and predictor of work behavior such as organizational, citizenship, Absenteeism,
Turnover.
Job satisfaction can partially mediate the relationship of personality variables and
deviantwork behavior.
Common research finding is that job satisfaction is correlated with life style.This
correlation is reciprocal meaning the people who are satisfied with the life tends
to be satisfied with their jobs and the people who are satisfied their jobs tends to
satisfiedwith their life.
This is vital piece of information that is job satisfaction and job performance is
directlyrelated to one another. Thus it can be said that, ³A happy worker is a
productive worker.´
It gives clear evidence that dissatisfied employees skip work more often and
more like toresign and satisfied worker likely to work longer with the organization.
Job satisfaction and occupational success are major factors in personal satisfaction,
self-respect,self-esteem, and self-development.
To the worker- job satisfaction brings a pleasurable emotionalstate that can often
leads to a positive work attitude. A satisfied worker is more likely to becreative,
flexible, innovative, and loyal.
For the organization- job satisfaction of its workers means a work force that is
motivatedand committed to high quality performance. Increased productivitythe
quantity and quality of output per hour worked- seems to be a byproduct of
improved quality of working life.
It isimportant to note that the literature on the relationship between jobsatisfaction
and productivityis neither conclusive nor consistent.However, studies dating back
to Herzberg’s (1957) have shown at least low correlation between high morale and
high productivity and it does seem logical that more satisfied workerswill tend to
add more value to an organization.Unhappy employees, who are motivated by fear
of loss of job, will not give 100 percentof their effort for very long.Though fear is a
powerful motivator, it is also a temporary one, andalso as soon as the threat is
lifted performance will decline.Job satisfaction benefits the organization includes
reduction in complaints andgrievances, absenteeism, turnover, and termination; as
well as improved punctuality and worker morale. Job satisfaction is also linked
with a healthier work force and has been found to be agood indicator of longevity.
Although only little correlation has been found between job satisfaction and
productivity,Brown (1996) notes that some employers have found that satisfying or
delighting employees is a prerequisite to satisfying or delighting customers, thus
protecting the ³bottom line´.
Seek opportunities to demonstrate skills and talents this often leads to more
challenging work and greater responsibilities, with attendant increases in
pay and other recognition.
Develop teamwork and people skills, a large part of job success is the
ability to work well with others to get the job done.
Accept the diversity in people, Accept people with their differences and
their imperfections and learn how to give and receive criticism
constructively.
Appreciating the significance of what one does can lead to satisfaction with
the work itself.
Qualities like these are valued by most organizations and often results in
recognition as well as in increased responsibilities and rewards.
This help to give meaning to one’s existence, thus playing avital role in
job satisfaction. Learn to de-stress. Plan to avoid burn out by developing healthy
stress management techniques.
3.Working conditions
This includes those physical aspects of environment which are not necessary a part
of thework. Hours are included this factor because it is primarily a function of
organization,affecting the individuals comfort and convenience in much the same
way as other physicalworking conditions.
4.Wage and salaries
This factor includes all aspect of job involving present monitory remuneration for
work done.
Reasons why employees may not be completely satisfied with their jobs:
Component of wage –
The wage of employees shall consist of:-
a) Basic Wage
b) Special Dearness allowance (SDA) at the rate of 17.95% of attendance Bonus
or 1.795% of basic wage representing computed fringe benefits of attendance
bonus , such as contribution of provident fund , payment in lieu of profit sharing
bonus , gratuity etc.
c) Variable Dearness Allowance (VDA) linked to the All India Consumer price
Index Number for Industrial Workers (Base 1960=100) (here in after called Index
Number ) adjustable quarterly depending on variation in Consumer Price Index no
above 6117.
Minimum Wage-
The revised minimum wage for the lowest paid employee on surface in the
companies covered by the Agreement shall be Rs.29394 .23 per month or Rs
1130.54 per day at the All India Average Consumer Price Index Number for
Industrial workers (Base 1960=100) at 6117. This amount includes the minimum
guaranteed benefit of Rs 4899.04 per month or Rs 188.42 per day.
The breakup of the minimum wage of Rs29394.23 per month or Rs.1130.54 per
days as on 1st july,2016 linked to AICPI No. 6117 will be as indicated below:
Payment of LTC/LLTC
LLTC- Once in a Block of four years which includes abroad also.
LTC - Once in every year for visiting home town. (No LTC will be admissible for
the year LLTC has been availed.)
Out of the maximum ceiling of 50% of basic pay payable, the following percentage
of perks & allowances shall be treated as compulsorily adjustable perks &
allowances in the revised pay scales:
(a) Facilities of hospitals, colleges, schools, clubs etc. - 1%
(b) LTC/LLTC - 3.5%
(c) Subsidized Electricity - 2%
(for those provided with company accommodation)
After every two years the actual expenditure on (a) above will be reviewed to
effect changes if need be.
Based on the actual expenditure on LTC/LLTC in a block of 4 years, the matter
will be reviewed for revision, required if any.
Therefore, the perks and allowances payable in the revised pay scales shall be
subject to a maximum ceiling not exceeding 45.5% or 43.5% of basic pay (in case
of those executives provided with company accommodation) as the case may be of
basic pay following 'Cafeteria Approach'.
PERKS UNDER CAFETERIA APPROACH
DOMESTIC & RESIDENTIAL ALLOWANCES: -
4. Electricity Allowance
Officers residing in Houses owned by them or their family members or rented
houses will be allowed Electricity Allowance limited to 3% of Basic Pay per
month.While officers residing in accommodation provided by the company will
not be permitted to draw Electricity Allowance, they will continue to pay 1% of
basic pay as Electricity charges apart from foregoing 2% of perks for such
subsidized electricity consumption.
5. Cook Allowance
An amount equivalent to 5% of basic pay per month as Cook Allowance.
TRANSPORTATION ALLOWANCES
6. Conveyance Allowance
An officer owning a motor vehicle & not availing facility of company's car/vehicle,
will be entitled to Conveyance allowance @ 5% of basic pay p.m. for a four
wheeler and @ 2% of basic pay p.m. for a two wheeler.
EDUCATIONAL ALLOWANCES
PERSONAL ALLOWANCES
SPECIAL ALLOWANCES
PART (A)
a. North East Allowance
Executives posted in Assam Coalfields or any of North East States of the Country
shall be paid @12.5% of basic pay per month.
b. Underground Allowance
Executive required to work in underground shall be paid Underground Allowance
@15% subject to fulfillment of conditions laid down in office Memorandum No.
CIL/C-A(iii)/52010/1507 dated 7.2.1991.
PART (B)
a. Coalfields Allowance
Executive posted in Coalfield Areas shall be paid Coalfields Allowance @ 7% of
the basic pay per month.
b. Charge Allowance
Area General Managers, Project Officers/Agents/Sub Area Managers, Managers
Area, Engineer-incharge, Head of Safety Deptt. of producing companies, Area
Safety Officers, Colliery Safety Officers, E&M Engineers holding statutory post
called as authorized Colliery Engineer will be entitled to Charge Allowance @ 3%
of the basic pay per month.
e. Expert Allowance
Executive of engineering disciplines including Mining, Environment, Geology,
Coal Technology,
Coal Preparation posted in CMPDIL and engaged in assignment demanding
expertise skill to be
decided as per specific guidelines will be entitled to expert allowance @ 3% of the
basic pay per month.
OTHER BENEFITS
Schooling Facility
In the event of posting in coalfields, good / reputed schools are available with
subsidized transport facility for the school children.
Gratuity
The ceiling of gratuity stands at Rs.10 (Ten) lakhs w.e.f. 01.01.2007. The
gratuityof executives payable will be calculated at the rate of 15 days wages (Basic
pay + DA) for every completed year of service rendered up to 30 years and one
month pay (Basic + DA) for every completed year of service rendered beyond 30
years. (Calculation of gratuity is subject to Gratuity Act 1972)
Pension
Contribution of Employee – On completion of minimum 10 years of service an
employee is eligible for pension.
6) Analysis and interpretation: After the data had been collected we analyze
them with the help of various statistical measures. The different techniques are
adopted to analyze the data. All the data and material is arranged through internal
resources and the last part of the project consist of the conclusions drawn from the
report, a brief summery and recommendation are giving the final tough to the
report by setting a conclusion.