INTRODUCTION

 
EVOLUTION OF HUMAN RESOURCE
DEPARTMENT
In 1973, Millat Tractors Limited was nationalized and started
its operation under Ministry of Production
In 1992, Millat Tractors was denationalized and was purchased by
its own employees
 
   Salary Packages
   Compensation Packages
 Retirement Funds
Appraisals
 REWARDING

Millat Tractors Limited is among one of the companies who

can proudly say that they are having satisfied workforce. They
only reason for this achievement is that the company has
proper rewarding and compensation packages for all levels of
employee
Introduction
 REWARDING

Millat Tractors Limited is among one of the companies who

can proudly say that they are having satisfied workforce. They
only reason for this achievement is that the company has
proper rewarding and compensation packages for all levels of
employee
PERFORMANCE
EVALUATION
Executive Performance Evaluation

Workers Performance Evaluation

 COMPENSATIONS

All kind of monetary incentives or any other facility which the

company provides to its employees

Direct Compensation
basic pay, house rent etc
 BASIC PAY
Category Designation Pay in Rs. %age
Increase
Workers Workers / 4000 --
Supervisors 9000 25%

Lower Asst. Manager/ 7000 --

Management Deputy 9000 28%
Manager

Middle Manager / 14000 55%

Management Senior 17000 21%

Manager

Top DeputyGen. 22000 29%

Management Manager / 25000 14%
General

mnager
 House Rent
45% of their basic pay.

Indirect Compensation
Millat Tractors offers very attractive incentives as
indirect compensation to its employees and they
are:
 Transportation

•                     Top Management  Rs.6,00,000 to

Rs.10,00,000
•                     Middle Management Rs.4,00,000 to
Rs.6,00,000
•                     Lower Management  Rs.3,00,000 to
Rs.4,50,000 15% of the car price as down
1/3 of the remaining 85% in six years.
The supervisors and senior workers are
provided with motorcycles on very easy terms.
 Medical
Also two different hospitals are on the panel of Millat
Tractors for the treatment of workers families.

Gratuity
10% of each employee’s basic salary goes to this
fund every month by the company each month
Benevolent Fund

10 Years
1 salary each year
12 Years
1.5 salaries each year
15 Years
2 salaries each year

Employee can get this money at the end of his

service with the company.
 Pension
retirement age 60 years

Pension Fund = (2.5 x Number of Years of Service x Last

Salary)

25 years of service
 Entertainment
10% of their basic salary each month to entertain
their guests in the company

Self Development
Provide opportunity for further study by sponsoring
them

Bonus
2.9% of total profitability
 Disable Fund
All employees contribute small portion of their salary
each month in this fund.

Fair Price Shop

No profit no loss price

Hajj
10 employees each year from Hajj
3 people from executives and 7 from workers
ORIENTATION AND TRAINING

“Familiarization with and adaptation to a situation or an

environment”

•                     Inside Millat Tractors Limited

•                     Outside Millat Tractors Limited
CAREER PLANNING AND DEVELOPMENT

EMPLOYEES RIGHTS AND DISCIPLINE

concept of “organizational man”
 LEAVES

 
Sick Leaves (14 days side leave is allowed to executives and
10 days to workers )

Casual Leaves (20 days casual leave is allowed to executives

and 14 days to workers )

Earned Leaves (33 days earned leaves are given to executives

and 21 days to workers)
DISCIPLINE

  Punctuality

Pilferage

Safety measures
LABOUR ISSUES, PROBLEMS &
POLICIES

PROTECTING HUMAN RESOURCE

EMPLOYEE SAFETY AND HEALTH

 IMPORTANCE OF HUMAN
RESOURCE DEPARTMENT IN THE
EYES OF TOP MANAGEMENT

HUMAN RESOURCE
DEPARTMENT PERFORMANCE
INDICATORS
 TURNOVER RATE

SALARY REVENUE RATIO

distributing 2.9% of its net profit to the
workers every year 
 EMPLOYEES SATISFACTION
AT MILLAT TRACTORS

SATISFACTION LEVEL OF TOP MANAGEMENT

 
1.              SATISFACTION LEVEL OF MIDDLE & LOWER
MANAGEMENT

SATISFACTION LEVEL OF WORKERS

 RECOMMENDATIONS  
 
RECOMMENDATIONS
Our recommendations to the Millat tractors limited are as follows
:
 
Increase the number of fresh graduates for internship because at
present MTL is selecting few graduates and after 6month
internship they select 5-6 employees so we recommend MTL to
give fair chance to as many fresh graduates as possible for
selecting right person for the right job.
 
MTL should increase the direct and indirect compensation with
this MTL workers will be more motivated and productive.
 
Turnover rate in executives should be minimized.
 REWARDING

Millat Tractors Limited is among one of the companies

who can proudly say that they are having satisfied
workforce. They only reason for this achievement is
that the company has proper rewarding and
compensation packages for all levels of employee
 REWARDING

Millat Tractors Limited is among one of the companies

who can proudly say that they are having satisfied
workforce. They only reason for this achievement is
that the company has proper rewarding and
compensation packages for all levels of employee