Summer internship project report ppt

1. by:
Sumit Singh
3200716

2. Organizational overview
 Established in the year 1987.
 Headquater Noida,Uttarpradesh.
 Founder chairperson of Uflex group Mr. Ashok Chaturvedi.
 Product range offer consist of finest quality multilayer polythene
films,VCI films &chub films,BOPET films e.t.c
 Strong global sales and distribution network with customer in about
140 countries.
 World class manufacturing facilities of packaging films in India,
Dubai, Mexico, Egypt, Poland and USA (Current Capacity– 337,000
TPA) and of packaging products at multiple locations in India (Current
Capacity- 100,000 TPA) accredited by ISO/BRC/HACCP.

3. Uflex’s facilities at strategic locations

5.  • VISION: “Be a leading company and preferred supplier for
providing flexible packaging solutions to customers across
the world maximizing value for all stakeholders”
 MISSION: To meet customers’ dynamic packaging needs by
providing innovative, productive, cost-effective, optimized
and eco-friendly packaging solutions, continually adding
value to their business.
 VALUES: Trust & Respect , Customer Value Creation
Innovation, Speed In All Directions,Socio-Environmental
Sustainability

6. HR Policies and practices
 Attendence management
 Compensation management
 Whistle blower policy
 Leave policy
 Career planning policy
 Employees bonus

7. Introduction
 Statutory means "of or related to statutes," or what we normally call
laws or regulations. Compliance just means to comply with or adhere
to. So statutory compliance means you are following the laws on a given
issue.
Purpose
 Safeguarding the employees and the enterprise from untoward risks by
managing and consulting on issues such as retirement benefits and
Taxation.

8. RESEARCH METHODLOGY

9. OBJECTIVE OF STUDY
 To study the Statutory compliances and various provisions
covered under the acts.
 To find the level of awareness about the Statutory
compliances among the employees of the company.
 To examine the correlation of income levels and the
awareness frequency of employees.
 To suggest suitable measures for improving the awareness
among the employees.

10. Data source and data collection
Primary Data
 Information through questionnaire containing 19
questions was collected from 80 employees. The
questions were regarding the provisions under various
statutory compliances and the benefits that the
employees can avail. Respondents were to rate these
factors on a 3 rating scale (1-3).
Secondary Data
 Through official Website of the
company.(www.ufl.co.in)
 Company annual report.(2015-2016)
 Various Journals

11. SAMPLE DESIGN
 This study is concerned with the statutory compliances and
the awareness of social security legislations among the
employees at Ultimate Flexipack Ltd .The quota sampling
method was used to gather the data from 80 employees
and selected on the basis of following two conditions:
1.The respondent should be an employee of Bari Brahmana manufacturing
plant.
2.The respondents should have variation in their income levels.

12. SCOPE OF THE STUDY
 There are so many statutory compliances in HR but this study is
limited to only five social security legislations i.e. The payment of
wages act,1936, Employee state insurance act,1948, The Employees
Provident Fund & Miscellaneous Provisions Act, 1952, The Payment Of
Bonus Act, 1965, The Payment Of Gratuity Act, 1972.
 The scope of this study is limited only to 80 employees of the Bari
Brahmana plant.

13. LIMITATION OF THE STUDY
 A study on statutory compliances in Ultimate Flexipack Ltd., Bari
Brahmana, Jammu is confined to only 80 employees of the
organization. Hence the results of the study may not be generalized
and not universally applicable.
 There is a possibility that the employees might fill wrong information
in the questionnaire.
 Not every employee will provide adequate total salary or wages they get
per month in the questionnaire for the analysis purpose.
 There had been less access to the information available in the company
premises.

14. DATA ANALYSIS AND INTERPRETATION
Mean of the social security legislations studied
S.NO SOCIAL SECURITY LEGISLATIONS MEAN
1 ESI Act 2.16
2 PF Act 2.62
3 The payment of Gratuity Act 1.25
4 The payment of Bonus Act 2.50
5. The payment of wages Act 1.83
Measurement of mean awareness level towards statutory compliances
No. of total respondents= 80
Average Mean= ∑(No. of respondents opting the grade)/Total no. of Respondents

15.  Majority of the employees were aware about the various provisions under the
Provident fund and miscellaneous provisions act.(Mean-2.62) because the
benefits can be availed after retirement and the employees are keen about the
deductions that are made under this social security legislation to secure their
life.
 The awareness towards payment of bonus act(Mean-2.50) was followed by the
PF act. The employees were paid bonus on the eve of festivals and the surplus
was distributed as bonus to increase the motivation of employees.
 The awareness towards the employees state insurance act was also observed
through the mean value of 2.16.
 The mean awareness value for the payment of wages act is 1.83.
 The employees were less aware about the provisions under the payment of
gratuity act(Mean-1.25).This may be due to the fact that the employees who
filled the questionnaire had worked for less than 5 years and the amount of
gratuity is paid after 5 years. so employees were least bothered about these
provisions.

16. Income distribution of respondents and the awareness frequency
INCOME(per month) FREQUENCY PERCENTAGE
5000-20000 8 10.00
20000-35000 20 25.00
35000-50000 25 31.25
50000-65000 27 33.75
TOTAL 80 100
0
5
10
15
20
25
30
0 10000 20000 30000 40000 50000 60000 70000
NO.OFEMPLOYEES
INCOME
Income and awareness level correlation graph

17. X Y X⋅Y X⋅X Y⋅Y
12500 8 100000 156250000 64
27500 20 550000 756250000 400
42500 25 1062500 1806250000 625
57500 27 1552500 3306250000 729
CALCULATION OF CORRELATION COEFFICIENT
=0.93

18.  The graph clearly shows that the income and
awareness level of employees have positive correlation
and the value of r =0.93 shows that they are strongly
correlated.
 The variation in income level leads to the variation in
the awareness level of employees.
 As the income level of employees increases the
awareness towards the provisions under statutory
compliances also increases because the employees
earnings primarily depends upon their educational
qualifications and experiences

19. SUGGESTIONS
 Special lectures by experts on various provisions of the Social security Acts for the benefit
of workers can be organized by the HR department of Ultimate Flexipack ltd.
 The HR Officers should constantly interact with the workers to make them aware of the
specific provisions of the several Labor Acts and the contact points to get the benefits
and redress the grievances if any thereof.
 Appropriate implementation of the Acts in the company premises should be checked
weekly without any prior intimation to the different departments.
 Modern communication media at the unit level can be used to generate the required level
of awareness among workers.
 The level of awareness can be enhanced by displaying abstract of the Act on the notice
boards or at the work place written in the language commonly understood by the
workers.
 The awareness of Social Security Act can be increased by organizing worker’s training
programs and day long workshop.

20. CONCLUSION
 The study was carried out to find out the awareness level of employees towards statutory
compliances at Ultimate Flexipack ltd. The awareness to various provisions under the
Acts were found out through the mean value of awareness .
 The employees awareness towards the provident fund and miscellaneous provisions Act
was highest with the mean value of 2.62.
 The least awareness mean value computed was of the payment of gratuity act(1.25) as the
gratuity is paid after 5 years and some of the employees who were surveyed had never
availed the benefits under the act.
 The income and the awareness of employees towards statutory compliances were
positively correlated and coefficient of correlation computed came out to be 0.93.
 Efforts are to be made on the part of the management to enhance the level of awareness
among the employees.
 Some suggestions have been proposed to help the management increase the level of
awareness among the employees and adhere to the statutory compliances for the welfare
of workers.

21. THANK YOU