Project On Worklife Balance
Project On Worklife Balance
Project On Worklife Balance
SUBMITTED BY:HIROKJYOTI KACHARI ROLL NO.1006247140 3rd TRIMESTER MBA REGIONAL COLLEGE OF MANAGEMENT
2|Page
CONTENTS
S.NO 1 2 3 4 5 6 7 8
PAGE NO. Preface 3 Acknowledgement 4 Executive summary 5 Chapter 1-General Observation Of 6 the Organization Chapter 2- Introduction to IOCL 13 Guwahti and objective of the project Chapter 3-General observation 16 of work life balance Chapter 4-Research methodology 24 Chapter 5-Interpretation of data and findings 26 Chapter 6- Findings Chapter7-Overall Recommendation/Suggestion Conclusion Scope for further studies Annexure Appendix-one Bibliography 34 35 36 37 38 40 41
Topic
9 10 11 12 13 14 15
3|Page
PREFACE
Projects are an indispensible part of any kind of formal education. They help us to have a practical exposure as well as better outlook of the subject, which we are studying in a professional college like MBA. The students are equipped with strong theoretical knowledge about the business administration and time tested methods of running a successful business organisation. To make this theoretical knowledge more efficient, the students are assigned certain projects in various organisations to get better exposure to working styles in organization. I was assigned to do my project in Work Life Balance of employees in Indian Oil Corporation Limited (Noonmati Refinery).The project commenced from May 28th to 17th July 2011. In order to make the data and findings easily understandable, efforts have been made to present the information in a simplified, lucid and organized manner. All the necessary table and figures have been incorporated. Recommendations have been made on the basis of the findings herein. This project has given me immense practical working patterns and the environment for improving my practical skills.
4|Page
ACKNOLEDGEMENT
Its a great pleasure to present this report of summer training in Indian Oil Corporation Limited Guwahati in partial fulfilment of MBA Programme under Regional college Of Management, affiliated to Biju Patnaik University of Technical, Bhubaneswar. At the outset, I would like to express my immense gratitude to my training guide for guiding me right from the inception till the successful completion of the training. I am grateful to my departmental guide Mrs Nirmala Dutta for her constant guidance in this project. I would specially thank to Ms Ankita Srivastava for her all her support. As I am falling short of words for expressing my feelings of gratitude towards her for extending their valuable guidance about the organisation and support for literature, critical reviews of project and the report and above all the moral support she had provided me with all stages of this training. I express my sincere thanks to all the respondents who have spared their valuable time and provided me with the required information in this project. And finally I am thankful to Regional college of Management and Indian Oil Corporation Limited Guwahati for giving me opportunity to gain practical knowledge in my area of specialization.
5|Page
EXECUTIVE SUMMARY
Project title: A Report on work life balance of employees in Indian Oil Corporation Limited Guwahati. Organization: INDIAN OIL CORPORATION LIMITED GUWAHATI REFINERY Organisational guide: Ms. Ankita Srivastava. ERO, IOCL-Guwahati Refinery. Academic Guide: Mrs. Nirmala Dutta. Associate Professor & Head Entrepreneur Cell Duration: 45 days. (22 nd May to 15th July 11) Research Methodology : Research design : Exploratory followed by Descriptive Research The sample was selected on the basis of
Sampling plan
Method of data collection: Primary data were collected by face to face interview with the help of a well structured schedule and secondary data were collected from books, magazines/journals, and websites.
6|Page
7|Page
Indian Oil Corporation Limited or Indian Oil is an Indian state-owned oil and gas company headquartered at Mumbai, India. It is Indias largest commercial enterprise, ranking 125th on the FORTUNE GLOBAL 500 list in 2010. Indian Oil and its subsidiaries account for a 47% share in the petroleum products market, 34.8% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of Companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 65.7 million metric tons per year. It was founded in the year 1964.In 2010 the total revenue for IOCL was us$ 51.81 billion. The total number of employees in IOCL is 34,363.The present chairman of IOCL is Mr. Ranbir Singh Butola. Indian Oil began operation in 1964 as Indian Oil Company Ltd. The Indian Oil Corporation was formed in 1964; with the merger of Indian Refineries Ltd. Feroze Gandhi was the first chairman of Indian Oil Corporation Limited.
1.2 Objectives
To serve the national interests in oil and related sectors in accordance and consistent with Government policies. To ensure maintenance of continuous and smooth supplies of petroleum products by way of crude oil refining, transportation and marketing activities and to provide appropriate assistance to consumers to conserve and use petroleum products efficiently. To enhance the country's self-sufficiency in crude oil refining and build expertise in laying of crude oil and petroleum product pipelines. To further enhance marketing infrastructure and reseller network for providing assured service to customers throughout the country.
1.3 Products
Indian Oil's product range covers Petrol, Diesel, LPG, auto LPG, aviation turbine fuel, lubricants, naphtha bitumen, paraffin, kerosene etc. Xtra Premium petrol, Xtra Mile diesel, Servo lubricants, Indane LPG, Auto gas LPG, Indian Oil Aviation are some of its prominent brands.
8|Page
Recently Indian Oil has also introduced a new business line of supplying LNG (liquefied natural gas) by cryogenic transportation. This is called "LNG at Doorstep". LNG headquarters are located in Delhi.
1.6 Refineries
Digboi Refinery, in Upper Assam, is India's oldest refinery and was commissioned in 1901. Originally a part of Assam Oil Company, it became part of Indian Oil in 1981. Its original refining capacity had been 0.5 MMTPA since 1901. Modernization project of this refinery has been completed and the refinery now has an increased capacity of 0.65 MMTPA. Guwahati Refinery, the first public sector refinery of the country, was built with Romanian collaboration and was inaugurated by Late Pt. Jawaharlal Nehru, the first Prime Minister of India, on 1 January 1962. Barauni Refinery, in Bihar, was built in collaboration with Russia and Romania. It was commissioned in 1964 with a capacity of 1 MMTPA. Its capacity today is 6 MMTPA.
9|Page
Gujarat Refinery, at Koyali in Gujarat in Western India, is Indian Oils largest refinery. The refinery was commissioned in 1965. It also houses the first hydro cracking unit of the country. Its present capacity is 13.70 MMTPA.
Haldia Refinery is the only coastal refinery of the Corporation, situated 136 km downstream of Kolkata in the Purba Medinipur (East Midnapore) district. It was commissioned in 1975 with a capacity of 2.5 MMTPA, which has since been increased to 5.8 MMTPA
Mathura Refinery was commissioned in 1982 as the sixth refinery in the fold of Indian Oil and with an original capacity of 6.0 MMTPA. Located strategically between the historic cities of Delhi and Agra, the capacity of Mathura refinery was increased to 7.5 MMTPA.
Panipat Refinery is the seventh refinery of Indian Oil. The original refinery with 6 MMTPA capacities was built and commissioned in 1998. Panipat Refinery has doubled its refining capacity from 6 MMT/yr to 12 MMTPA with the commissioning of its Expansion Project.
Subsidiary refineries Bongaigaon Refinery (2.95 MMTPA), Chennai Petroleum (9.5 MMTPA).
10 | P a g e
11 | P a g e
As IOCL has entered into new markets like Srilanka, Mauritius it can continue to spread its offshore marketing venture to tap new markets and explore business opportunities. Since IOCL is venturing into business avenues like petrochemicals, bio fuels and power generation, it has entered into a new business arena where it can thrive to be the market leader as it has already established as one in the refining sector.
Competition from domestic players like Hindustan petroleum, Bharat petroleum and private sector like Reliance group provides stiff competition. Volatility of oil price continues to put pressure on refining and market margin.
12 | P a g e
1.8 Distinctions
Indian Oil in Top 10 Indian Companies in Forbes Global 2000 New Delhi, April 25, 2011 Indian Oil has once again made it to the list of the Forbes Global 2000, compiled by Forbes magazine for the year 2011. Ranked at the 243rd position, Indian Oil stands in the Top Ten of the 57 Indian companies figuring in the list. Indian Oil: One of The Best Companies to Work For
Indian Oil was ranked 29th overall, 4th in the manufacturing sector and 3rd in terms of work-life balance Indian Oil: One of the top Global 500 Brands New Delhi, March 22, 2011 Indian Oil has made it to list of top Global 500 Brands list compiled by Brand Finance for the year 2011. Listed at the 232nd position in the list, the Corporations brand value in the year 2011 is pegged at $ 4.3 billion as compared to $ 4.0 billion in the previous year. Indian Oil tops the Fortune India 500 Rankings New Delhi, December 09, 2010 Indian Oil has emerged as the largest Indian Corporate in the latest Fortune India 500 rankings. With revenues pegged at Rs. 266301.52 crore and a net operating income of Rs. 253459.99 crore, Indian Oil stands tall, unmatched by the rest of the companies in the list.
13 | P a g e
CHAPTER 2
14 | P a g e
15 | P a g e
To gain an insight into current working time policies and practices, as well as work-life balance issues in IOCL Guwahati Refinery.
The study suffered from time constraints as it is completed within the short period of two months. The data collected and all the ground work that was felt necessary had to be done by author itself. Thus huge work force was another constraints in the study There was dearth of free time in hands of the employees. As such carrying survey and getting the questionnaire filled correctly on time was challenging.
16 | P a g e
17 | P a g e
Between forty-six and fifty-nine percent of workers feel that stress is affecting their interpersonal and sexual relationships. Additionally, men feel that there is a certain stigma associated with saying "I can't do this".
18 | P a g e
marriage. They also do not think they were powerless because they were not economically dependent.
Work-life balance issues and their influence on children An increasing number of young children are being raised by a childcare provider or another person other than a parent; older children are more likely today to come home to an empty house and spend time with video games, television and the internet with less guidance to offset or control the messages coming from these sources. No one knows how many kids are home after school without an adult, but they know the number is in the millions. Also, according to a study by the National Institute of Child Health and Human Development, the more time that children spent in child care, the more likely their sixth grade teachers were to report behavior problems.The findings are the results of the largest study of child care and development conducted in various countries; the analysis tracked 1,364 children from birth.
19 | P a g e
20 | P a g e
21 | P a g e
22 | P a g e
Interglobe Enterprises Gurgaon Ltd iNautix Tech Hilti India Titan Industries Intelenet Global Qualcomm India Federal Express Corp Kotak Mahindra Dominos Pizza India Ltd Classic Stripes Ltd Viacom Media 18 Ltd Bharti Airtel Ltd BNY Mellon International Ops Chennai Delhi Bangalore Mumbai Mumbai Mumbai Mumbai Noida Mumbai Mumbai Delhi Pune
23 | P a g e
29
Visakhapatnam Steel Plant, Rashtriya Ispat Nigam Talentica Software India Indian Oil Corporation
Visakhapatnam 17,225
1:35.49
NA
30
Pune
104
1:0.2
6.73%
31
Delhi
33,954
1:11.93
0.04%
32 33
Yum Restaurants Monsanto India Limited HDFC Standard Life Tata Teleservices Limited Marico Claris Life sciences Cadbury India Intuit Technologies Quintiles India Blue Dart Express Hardcastle Restaurants Eureka Forbes Godrej Industries
Gurgaon Mumbai
1,713 785
1:6.39 1:6.2
36.19% 22.93%
34 35
Mumbai Mumbai
14,228 8,743
1:5.51 1:11.13
82.72% 18.99%
36 37 38 39 40 41 42
43 44 45 46
Mumbai Mumbai
24 | P a g e
CHAPTER 4
Primary data: - Collection of information through standardized questionnaires. A questionnaire was prepared for all the officers and non officers. It includes both open ended and close ended and rating method. There was formal discussion with the employees.
25 | P a g e
4.3 Analysis
Primary data were collected from the employees i.e. the officers and non officers with the help of a questionnaire. The analysis of primary data with reference and in coherence with the objective of study is presented under.
Work life balance constitute an important part of a companys Endeavour to look after the well being and development of its employees in away which will not only help in their career development but also boost their self esteem. These two will lead to job satisfaction. Employees who are satisfied with their job are more productive for organization. Proper employee development methods including proper and timely motivation as well as innovative programs also minimize the losses which are otherwise incurred by a company due to attrition and high employee turnover ratio. Presented below are the results along with figures and graphical representation. The study was started by analyzing the profile of the respondents which include their departments, designation grade, age, gender and years in the organization.
26 | P a g e
CHAPTER 5
(INTERPETATION OF DATA AND FINDINGS)
NUMBER OF RESPONDENT
18 16 14 12 10 8 6 4 2 0 Below 30 31-40 Above 40 NUMBER OF RESPONDENT
Interpretation Thus we can see that most of the respondents are in the age group of above 40 followed by age group below 30.
27 | P a g e
NUMBER OF RESPONDENTS
25
20
15 NUMBER OF RESPONDENTS 10
Interpretation The most number of respondents were from graduation group followed by post graduation.
28 | P a g e
5.3 Experience
It was very important to consider the respondents number of years in the organization as time factor gives a brief idea about his work life balance and its effectiveness. The numbers were once again divided into group which are as follows:- 1-5 years,6-10,years,11-15 years,16-20 years,21-25 years, 26-30 years and 31-35 years. The figures are NUMBER OF YEARS 1-5 6-10 11-15 16-20 21-25 26-30 NUMBER OF RESPONDENTS 2 7 8 3 11 9
NUMBER OF RESPONDENTS
12 10 8 6 4 2 0 1-5 6-10 11-15 16-20 NUMBER OF RESPONDENTS
21-25
26-30
Interpretation This table clearly shows that most of the respondents have been working in IOCL for more than 25 years which is quite a long time span. It shows the respondents are satisfied by working environment provided by IOCL and its policies.
29 | P a g e
Question 1.Do you spend more hours than you would like at work RESPONSE NUMBER OF RESPONDENTS
YES
30
NO
10
NUMBER OF RESPONDENT
NO
NUMBER OF RESPONDENT
YES
10
15
20
25
30
35
Interpretation From above table we can see that employees have to work more hours than the stipulated time allotted by the organization. This also shows a kind of imbalance in work life which may lead to less productivity.
30 | P a g e
Question 2.Does the organization provide any work life balance Programs? RESPONSE YES NO NUMBER OF RESPONDENT 25 15
NUMBER OF RESPONDENT
NO
NUMBER OF RESPONDENT
YES
10
15
20
25
Interpretation Here most of the respondents are satisfied with the working environment as well as several programs related to work life balance supported by the organization but still a group of fraction are still unsatisfied.
31 | P a g e
Question 3.Do you get enough sleep, exercise and healthy food? RESPONSE NUMBER OF RESPONDENT
YES
35
NO
NUMBER OF RESPONDENT
40 35 30 25 20 15 10 5 0 Yes No
NUMBER OF RESPONDENT
Interpretation Although employees are wore working more hours in the organization still have managed to maintain their day to day activities including health. This shows a positive sign towards the organization.
32 | P a g e
Question 4.Do you believe that your superior support for your work life balance? RESPONSE SOMETIME ALWAYS RARELY NUMBER OF RESPONDENT 20 15 5
NUMBER OF RESPONDENT
25
20
15 NUMBER OF RESPONDENT 10
Interpretation From the above table we can see that there is still a gap between high level managers, mid level and low level when it comes for motivation in work life balance. More participation is required by mid level managers.
33 | P a g e
Question 5.Do any of the following help in balancing work and family commitment?
Often Rarely Dont know Some times 5 6 10 5 3 12 Never
Spending time with friends Get home on time Do any study or training you want to do Keep healthy and fit Take part in community activities or fulfil religious commitments Take care of family and spend time with them
45 40 35 30 25 20 15 10 5 0
30 30 5 35 36 28
5 4 25 1 -
Interpretation The majority of the employees often spend time in other activities beside work. It helps them to rejuvenate their minds. Finally they can give their best to the organization leading to achievement of organizational goal.
34 | P a g e
CHAPTER 6
6.1 Findings
1. Each and every employee is well prepared to meet todays challenges. 2. The organization encourages for maintaining the work life balance for every employee. 3. Work life balance policies and practices can help to reduce discrimination, as staff with caring responsibilities should not be disadvantaged. However there is still a gap in various level of management when it comes for supporting work life balance. 4. Non Officers are not motivated enough to work harder as they believe that they have little or no knowledge about work life balance. 5. Many of the employees have to work more than the stipulated time, which reduces their efficiency. 6. Most of the employees working in IOCL Guwahati get time for performing their co-curricular activities beside work. 7. People who are having more than 21 years of experience are mostly satisfied with the working environment provided by IOCL Guwahati as compared other groups.
35 | P a g e
1. Work life balance policy of IOCL-Guwahati Refinery should be more transparent to the employees of IOCL- Guwahati Refinery. 2. There is a need to clearly communicate the IOCL commitment to work life balance, to raise awareness and to improve knowledge and understanding of IOCL relevant policies by making information more accessible to all staff especially for lower level. 3. Line managers have key role to play to ensure the success of work life balance approach. It is important that their views are sought with regard to work life issues and that they are encouraged to take ownership of the process. This could be achieved by conducting a series of focus groups with them that could also serve as a forum for sharing ideas, concerns, information and good practice on work-life balance.
4. Proper training must be given to employees for improving skill, training &
ability to reduce discontent and unrest. By undergoing training suitable and competent workers can be reduces stresses leading to a balanced work life. 5. As Indian Oil considers its human resource as assets, it should try to support more work life balance programs for its employees in IOCL Guwahati. 6. Each and every employee should be treated equally and they should feel at home while working outside their natives.Some cultural programs should be organized so to reduce the indifferences.
36 | P a g e
Conclusion
Indian Oil Limited is one of the best fortune 500 companies of India as well as of world. Among the top best company to work for Indian Oil is the 4th best in the manufacturing sector and 3rd in terms of work-life balance in the world. Most of the employees are satisfied, who are working for Indian oil. They are motivated and work together to achieve companys goal. However some employees are finding it difficult to maintain a work life balance due to following reasons: Inadequate support from the superiors. Cultural indifferences Work load Earning more money is not enough to live, if an employee cant give time to his/her family. Flexibility is required in the job if he/she has to give his/her best to the organisation. If an employee gives his/her best effort to the company then it is the responsibility of the organisation to provide a better quality of life.
37 | P a g e
The present study revealed that in certain areas, further study can be done in the near future that will surely help the organization to achieve its goals. 1. How can the grievance of employees about the work life balance are solved. 2. Methods to motivate the existing employees especially non officers.
38 | P a g e
ANNEXURE
QUESTIONNARIE ON WORK LIFE BALANCE (Please tick the appropriate boxes)
Native:Type of work you do:Experience (years):1. Age:Below 30 years 2. Educational Qualification:Under Graduation 3. Post Graduation Unmarried Yes No others, specify... 31-40 years above 40 years
5. Have you given up activities you enjoy to work? 6. Do you get enough sleep, exercise and healthy food?
Yes Yes
No No
7. Do you spend most of your time doing what is most important to you? Yes No
8. Does your organization provide any work life balance programme? Yes No
9. Do you spend as much time as youd like with your loved ones? Yes No
10. Do you believe that your superior support for your Work life balance? Sometimes always rarely
39 | P a g e
11. Do any of the following help you balance your work and family commitments? (Put the symbol tick mark for the appropriate one) Often Rarely Dont know Spending time with friends Get home on time Do any study or training you want to do Keep healthy and fit Take part in community activities or fulfill religious commitments Take care of family and spend time with them 12. How big an impact, work has on Work life balance?
(Put the symbol tick mark for the appropriate one)
Some times
Never
Yes I feel like I have little or no control over my work life I regularly enjoy hobbies or interests outside of work I frequently feel anxious or upset because of what is happening at work When I am at home I feel relaxed and comfortable I have time to do something just for me every week I rarely loose my temper at work I never use all my allotted vacation days I frequently think about work when Im not in work 13. Do any of the following hinder you balance your work and Life? (Put the symbol tick mark for the appropriate one) Yes
Unhelpful attitude of superiors
No
No
Unhelpful colleagues
attitude
of
40 | P a g e
The groups included engineers and administrative officers from IOCL: Finance and Legal Services Human Resources
Material department
41 | P a g e
Bibliography
1. Dr Kothari C R (2008) Research Methodology: Methods and Techniques Wishwa Prakashan Publishers, Delhi. 2. Ackerman, F., Goodwin, N. R., Dougherty, L., & Gallagher, K. (Eds.). (1998). The changing nature of work. Washington, D.C.: Island Press. 3. Ackerman, F., Goodwin, N. R., Dougherty, L., & Gallagher, K. (Eds.). (2000). The political economy of inequality. Washington, D.C.: Island Press. 4. Ackerman, F., Kiron, D., Goodwin, N., Harris, J. M., & Gallagher, K. (Eds.). (1997). 5. Human well-being and economic goals. Washington, D.C.: Island Press. 6. Adler, W. M. (2000). Mollies job: The story of life and work on the global assembly line. New York: Simon & Schuster. 7. Andrew, E. (1999). Closing the iron cage: The scientific management of work and leisure. Montreal: Black Rose Books. 8. Applegath, J. (1982). Working free: Practical alternatives to the 9 to 5 job. New York: Amacom. 9. Aronowitz, S., & DiFazio. W. (1994). The Jobless future: Sci-tech and the dogma of work. Minneapolis & London: University of Minnesota Press. 10. Ashcraft, K. L., & Mumby, D. K. (2003). Reworking gender: A feminist communicology of organization. London: Sage. 11. Barbash, J., Lampman, R. J., Levitan, S. A., & Tyler, S. (1983). The work ethic; A critical analysis. Madison, WI: Industrial Relations Research Associuation. 12. Beck, U. (2000). The brave new world of work. Cambridge, U.K.: Polity Press. 13. www.google.com 14. www.wikipedia.org 15. www.iocl.com