Description
Compensation Crises
COMPENSATION CRISES
Group No:
HIGHLIGHTS
Cooks Industries, Pune
Set up in 1985
Owner: Ram Prakash (PGDM from IIM, Ahmedabad; expert in metallurgy and
mechanical engineering operations)
Shantanu Kamble (PGDM from IIM, Ahmedabad)
Ajay Malhotra: VP- HRM
Operation: Automobile Manufacturers
HIGHLIGHTS
Net Worth: Rs 300 Crores
Net Profit of Rs 35 Crores in 1995-96 on sales of Rs 275 Crores
450 Workmen; 100 Managers
Market dominated by a number of regional units
PROBLEM
In 1996, Cooks’ employee turnover rate crossed 15%
Employees migrated to West Asia and Australia or setting up their own units
Amam Consultants: Survey on “Salary Benchmarking Study”
Cooks at number 29 at the lowest level of Grade 10, and 23rd at the
highest level of Grade 1
ROOT CAUSE ANALYSIS
Designations
Hierarchies
Salaries
Taxation Policies
Leader-Follower
doc_292876575.pptx
Compensation Crises
COMPENSATION CRISES
Group No:
HIGHLIGHTS
Cooks Industries, Pune
Set up in 1985
Owner: Ram Prakash (PGDM from IIM, Ahmedabad; expert in metallurgy and
mechanical engineering operations)
Shantanu Kamble (PGDM from IIM, Ahmedabad)
Ajay Malhotra: VP- HRM
Operation: Automobile Manufacturers
HIGHLIGHTS
Net Worth: Rs 300 Crores
Net Profit of Rs 35 Crores in 1995-96 on sales of Rs 275 Crores
450 Workmen; 100 Managers
Market dominated by a number of regional units
PROBLEM
In 1996, Cooks’ employee turnover rate crossed 15%
Employees migrated to West Asia and Australia or setting up their own units
Amam Consultants: Survey on “Salary Benchmarking Study”
Cooks at number 29 at the lowest level of Grade 10, and 23rd at the
highest level of Grade 1
ROOT CAUSE ANALYSIS
Designations
Hierarchies
Salaries
Taxation Policies
Leader-Follower
doc_292876575.pptx