A Study On The Effectiveness Of Compensation Management At Anand Water Meter Mfg Co.p Ltd ,kochi

• Author(s):

  Moushami Mohanan | Dr. K. S Sreejamol

• Keywords:

  Fairness, Transparency ,Recognition ,Retention ,Evaluation .

• Abstract:

  This Research Project Focuses On Analyzing The Effectiveness Of The Compensation Management System At Anand Water Meter Manufacturing Co. Pvt Ltd, Kochi, With The Primary Objective Of Studying Its Compensation Practices And Their Impact On Employees. Compensation Management Plays A Crucial Role In Attracting, Retaining, And Motivating Employees, Ultimately Contributing To Organizational Success. In A Competitive Manufacturing Industry, A Well-structured Compensation System Can Enhance Employee Satisfaction And Drive Performance. The Secondary Objectives Of This Study Include Identifying The Existing Compensation Policies, Evaluating Employee Satisfaction With These Policies, And Providing Actionable Recommendations For Improvement. The Study Employs A Combination Of Quantitative And Qualitative Research Methods To Comprehensively Assess The Company’s Compensation Framework. Key Areas Explored Include The Structure Of Fixed And Variable Pay, Allowances, Incentives, Employee Benefits, And How These Elements Align With Employee Expectations And Industry Standards. The Study Also Examines Employees’ Perceptions Of Fairness, Transparency, And Adequacy Of The Compensation System In Relation To Their Roles And Contributions. Research Findings Indicate That While Anand Water Meter Manufacturing Co. Provides A Stable And Competitive Fixed Pay Structure Along With Standard Benefits Such As Provident Fund And Medical Insurance, There Is Moderate Satisfaction Among Employees Regarding Performance-based Incentives And Recognition. The Study Highlights That While Most Employees Appreciate The Security Offered By Fixed Pay, There Is A Desire For A More Robust Incentive System That Rewards Individual And Team Performance. This Project Provides Valuable Insights Into Compensation Management Practices Within The Manufacturing Sector And Offers Practical Suggestions For Creating A More Engaging And Performance-oriented Workplace.

---

Other Details

• Paper id:

  IJSARTV11I4103045

• Published in:

  Volume: 11 Issue: 4 April 2025

• Publication Date:

  2025-04-08

Download Article