Group 8 (Kamlsh & Kevin)

A
COMPREHENSIVE PROJECT REPORT

ON
WORKER PARTICIPATION IN MANAGEMENT IN INDIAN REYON
Submitted to
N.R. Vekariya Institute of Business Management Studies
Junagadh
In
Gujarat Technological University
UNDER THE GUIDANCE OF
Pro. Komal Popat
Head of the HR department
Submitted by
RATHOD KEVIN
147360592096
CHANDERA KAMLESH 147360592057
Batch: 2014-2016
MBA SEMESTER III
:: OVERVIEW OF WORLD
MARKET ::
After the exclusion of global quota scheme, the textile industry is
flourishing at high speed. The world is on a new corridor of industrial
revolution. Analysts are anticipating more expansion with latest
technologies in Textile Machineries.
The Chinese textile manufacturers are developing some of the best
answers in technical aspects of textile industry, along with very
competitive prices.
Indian textile machinery industry is more than 50 years old and the
industry is increasing day by day. About 750 machinery and equipment
manufacturing units are in India, of which over 250 units produce
complete machines, and the rest produce parts and accessories.
:: OVERVIEW OF INDIAN
MARKET ::
Indias textiles sector is one of the oldest industries in Indian
economy dating back several centuries. Even today, textiles sector is
one of the largest contributors to Indias exports with approximately
11 per cent of total exports. The textiles industry is also labour
intensive and is one of the largest employers.
The Indian textiles industry, currently estimated at around US$
108 billion, is expected to reach US$ 223 billion by 2021. The
industry is the second largest employer after agriculture, providing
employment to over 45 million people directly and 60 million people
indirectly. The Indian Textile Industry contributes approximately 5
per cent to Indias gross domestic product (GDP), and 14 per cent to
overall Index of Industrial Production (IIP).
::OVERVIEW OF
COMPANY ::
The future strategy of Indian Rayon involves the expansion of
three core businesses -viscose filament yarn, insulators and
carbon black. Apart from this, the company also decided to pre
pay debt worth Rs 200 cr by the end of May '99.
After the de-merger, the group's vision has been to transform
Indian Rayon into rayon major with growth driven by
consolidation. The de-merger of the cement division, the major
business of Indian Rayon, has changed the valuations of Indian
Rayon drastically.
To strengthen its position further, the company has recently
entered into a deal to acquire Madura Garments, the ready made
garments division of Madura Coats.
:: GROWTH OF
COMPANY ::
Indian Rayon and Industries Ltd. The Company
successfully completed the cement de-merger process
initiated during 1998-99. To further enhance shareholder
value, the Company chartered several strategic moves viz.,
pre-payment of debt, completion of a share buyback, exiting
Sea Water Magnesia business and acquisition of the garments
business.
Pre-tax profits were lower at Rs.58.6 Crores. As a result of
this and an extra-ordinary and non-recurring charge
associated with the exiting of the Sea Water Magnesia
business, the Company reported a net loss of Rs.241.2 Crores
for 1999-2000.
:: MAJOR COMPANIES ::
:: PRODUCT PROFILE ::
Viscose
filament rayon yarn.

Carbon-di-sulphied.
Sodium sulphate.
Caustic soda.
:: LITERATURE REVIEW ::
Meera Singh (2014), conducted a survey titled Impact of health &
safety provisions under Factories Act, 1948 for protection of Labour
rights in Real Estate Industry of Pune. The questionnaire method
was used to collect the information from 160 labours from different
construction sites of residential and commercial complexes in Pune.
Yes raja M& Devi N (2013) undertook a research with an
objective to find the effectiveness and satisfaction level of
employees in textile INDUSTRIES Dairy Division. The universe
of the study was the employees of the organization; 60 employees
were drawn through proportionate stratified random sampling from
the population of 150 employees.
:: BACKGROUND OF
STUDY ::
Workers participation in management is an essential
ingredient of Industrial democracy. The concept of workers
participation in management is based on Human Relations
approach to Management which brought about a new set of
values to labour and management. Traditionally the concept
of Workers Participation in Management (WPM) refers to
participation of non-managerial employees in the decisionmaking process of the organization. Workers participation in
management implies mental and emotional involvement of
workers in the management of Enterprise.
:: PROBLEM OF STUDY::
Here the company is production in nature so their main focus is
more on the production and more on profit to its member as well as
society but main concern is the competition prevailing in the
market. If they want to sustain in this market they have to consider
profit element too. In case of this company I studied their humane
resource information and try to know that how they are functioning.
The main problem of our study is:
Workers Participation in Management in Indian Rayon Pvt
Ltd.
:: OBJECTIVES ::
To determine factors which aid or hinder the observed level of
participation
.
To create relationship between management and worker
To raise level of motivation of workers by closer involvement.
To provide opportunity for expression and to provide a sense of

importance to workers.
To develop ties of understanding leading to better effort and

harmony.
:: HYPOTHESIS ::
Do you believe that worker participation in
management can resolve industrial disputes and
increasing production simultaneously?
H0:
50% of workers agree that participative
management to resolve industrial disputes and
increasing production simultaneously.
H1:
More than 50% of workers agree that participative
management to resolve industrial disputes and
increasing production simultaneously.
Testing
of hypothesis
P=0.50,
Q=1-P=1-0.50=0.50,
p=120/150=0.80,
n=150,
/z/ = p-P/S.E(p)
S.E(p) = 0.04
= 0.80-0.50/0.04
= 0.3/0.04
= 7.5
Level
of significant
Z for one tailed test at 5% +_ 1.64

Conclusion
/Z/ > Z
7.5 >1.64
HO is rejected
:: RESEARCH METHODOLOGY ::
RESEARCH DESIGN = EXPLORATORY RESEARCH
DESIGN
SOURCE OF DATA = PRIMARY DATA & SECONDARY
DATA
DATA COLLECTION METHOD = QUESTAIONARY
POPULATION = ALL THE WORKERS WORKING IN
INDIAN RAYON COMPANY
SAMPLING SIZE = 100 PEOPLE
SAMPLING METHOD = RANDOM SAMPLING METHOD
1) Are workers necessary for participation in management?
YES
NO
85
65
160
65
140
120
no
100
yes
80
85
60
40
20
0
yes
no
2) Are workers able to take right decision in management?
YES
NO
75
75
160
140
75
120
no
100
yes
80
60
40
75
20
0
yes
no
3) Who take more advantages from worker participation in management?
160
Worker
Management
Both
30
40
80
80
140
Both
120
management
100
worker
40
80
60
40
20
0
30
4) Why workers are not interested in management

decision making?
Lack of Appreciation Lack of opportunity
De-motivation
70
60
20
Chart Title
60; 40%
70; 47%
Lack of Appreciation
Lack of opportunity
Demotivation
20; 13%
5) Which industries give more importance to worker

participation in management?
Labour intensive
Capital intensive
Both
45
35
70
100%
90%
0.46
80%
70%
60%
50%
24%
40%
30%
20%
0.3
10%
0%
Labour intesive
capital intensive
both
Suggestion
Impart
motivation to employees in his workplace; give salary as per norm

of government, incentive, bounce etc.
Involve
in function, party, meeting and give information all events properly.
Employees
have any personal matter and problem so company provide help

as much as possible.
employees
opinion, thought, idea, solution are listen and analyse than after
take decision means follows the management by objective.
Give
opportunity to employees to expose their skills, knowledge, ability in

workplace and meetings.
Finding
In
Indian rayon provide compensation to their

employees when employees are face injuries because
of negligence of company.
Indian
rayon mainly emphases on pollution so that

company saw tree in outside the company ground.
Indian rayon offers their employees protective uniform

when employees work at dangerous place and fence
surrounding the machines.
Indian
rayon also adopts the policy of incentive

(financial & non-financial) to their employees so that
employees get motivation out of it.
Limitation
Inappropriate
response from respondent
In
this study we take limited sample size from the population

so; the finding is based on that only.
For
this project, the time taken about 2-3 months, with study
period which is not enough.
Sometime
respondent do not reply with whole heartily, which

will give misguided result.
Illiterate
people cannot give reply to us, so we have to deal

only with literate people, so illiterate people are excluded.
CONCLUSION
Concluding
my comprehensive project, I learn a lot

of new things. Now I knowthat how the theoretically
aspects are applied in the industries. Indian rayon
main strength is their workers coordination with
higher level staff. Hence, at the end we can say
Indian rayon is fast growing company specially at
national level and future of company is quite
bright. that company are employee as well as
customer all possible need are satisfied. that are
aditya birla one most important branch and that
company give possible result in birla group. that
company future time lot off plan is establish and
prepare project. so the many personnel are give
the service and employment.
BIBLIOGRAPHY
RESEARCH METHODOLOG, (R KOTHARI).
STRATEGIC HUMAN RESOURCE MANAGEMENT (SCHULER AND

JACKSON)
HUMAN RESOURCH DEVELOPMENT (MANKIN)
Website
www.indian rayon.com
www.yahoo.com
www.wallpaper.com
www.wikipidia.com
www.slideshare.com
THANK
YOU

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A

COMPREHENSIVE PROJECT REPORT

filament rayon yarn.

To raise level of motivation of workers by closer involvement.

To provide opportunity for expression and to provide a sense of

To develop ties of understanding leading to better effort and

Z for one tailed test at 5% +_ 1.64

1) Are workers necessary for participation in management?

2) Are workers able to take right decision in management?

3) Who take more advantages from worker participation in management?

4) Why workers are not interested in management

Lack of Appreciation Lack of opportunity

5) Which industries give more importance to worker

motivation to employees in his workplace; give salary as per norm

in function, party, meeting and give information all events properly.

have any personal matter and problem so company provide help

opportunity to employees to expose their skills, knowledge, ability in

Indian rayon provide compensation to their

rayon mainly emphases on pollution so that

Indian rayon offers their employees protective uniform

rayon also adopts the policy of incentive

response from respondent

this study we take limited sample size from the population

respondent do not reply with whole heartily, which

people cannot give reply to us, so we have to deal

my comprehensive project, I learn a lot

RESEARCH METHODOLOG, (R KOTHARI).

STRATEGIC HUMAN RESOURCE MANAGEMENT (SCHULER AND

HUMAN RESOURCH DEVELOPMENT (MANKIN)

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