netrashetty
Netra Shetty
The Walt Disney Company (NYSE: DIS) (commonly referred to as Disney) is the largest media and entertainment conglomerate in the world in terms of revenue.[5] Founded on October 16, 1923, by brothers Walt Disney and Roy Disney as the Disney Brothers Cartoon Studio, the company was reincorporated as Walt Disney Productions, Ltd. in 1929, and became publicity-traded as Walt Disney Productions in 1938. Walt Disney Productions established itself as a leader in the American animation industry before diversifying into live-action film production, television, and travel. Taking on its current name in 1986, The Walt Disney Company expanded its existing operations and also started divisions focused upon theatre, radio, publishing, and online media. In addition, it has created new divisions of the company in order to market more mature content than it typically associates with its flagship family-oriented brands.
The company is best known for the products of its film studio, the Walt Disney Motion Pictures Group, today one of the largest and best-known studios in Hollywood. Disney also owns and operates the ABC broadcast television network; cable television networks such as Disney Channel, ESPN, and ABC Family; publishing, merchandising, and theatre divisions; and owns and licenses 11 theme parks around the world. The company has been a component of the Dow Jones Industrial Average since May 6, 1991. An early and well-known cartoon creation of the company, Mickey Mouse, is the official mascot of The Walt Disney Company.
Reward System for Non-manual Work Force
Reward system for the white-collar work force-professionals, mangers, technical and clerical staffs-are very different from those which apply to manual workers and operate under conditions more similar to non-manual employees elsewhere in the economy. Construction firms employee a range of professionally qualified staff-architects, surveyors, civil engineers, planners, site managers, etc. For these staff there is much more satiability of employment and employees will normally be employed directly.
The most common additions to salary for non-manual staff in construction are “one off” merit bonuses and over time pay. Adjustments to pay or made for non-manual employees primarily in the light of the company’s “ability to pay”. The cost of living is a lower level consideration. The range of company benefits provided for non-manual workers as similar to other industries with the range of company provided welfare benefits-such as sick pay, pension, life insurance, paid holidays and private medical insurance.
Construction companies don’t tend to provide woman-centered benefits such as child care allowances or career breaks, other than where there is statutory obligation-as in the case of maternity provision. This reflects the small proportion of women employed in the industry and the absence of pressure for such benefits.
Analysis
Three different organizations, i.e. Government, National and Multinational have been considered and contacted during the study for assessing their compensation system. These organizations include:
Ø PAK ARAB FERTILIZER
Ø PAK ARAB REFINERY (PARCO)
Ø KOT ADDU POWER COMPANY (KAPCO)
For the assessment purpose a proper questionnaire was designed and got completed from Human Resource Departments / Personnel Department of these above organizations. Brief introduction of these organizations and analysis drawn are given in the succeeding part: -
PAKARAB Fertilizers
Introduction to The Organization
Pakistan and the State of Abu Dhabi, the two Muslim brother countries, agreed to establish joint countries to Pakistan’s economy. Accordingly, a joint stock company Pakarab Fertilizers Limited was established on November 12, 1973 with equity participation by the National Fertilizer Corporation of Pakistan Limited and Abu Dhabi National Oil company, for the expansion and modernization of the Natural Gas Fertilizer Factory in Multan, the heart of Pakistan’s agricultural scene.
The National Fertilizer Corporation of Pakistan Limited is a Government undertaking and is responsible for the installation and efficient operation of the fertilizer plants in the public sector in Pakistan. Apart from the management of existing production facilities at Daudkhel, Faisalabad and Jaranwala, the Corporation is currently implementing two other large fertilizer complexes for the manufacture of Urea at Mirpur Mathelo and Haripur, Hazara.
The policy of the company is determined by the Board of Director which is nominated by the two principal corporate shareholders and day to day management is vested in the Managing Director
Analysis of the Questionnaire
Departments
· The organization have total of twelve departments.
· There is no formal “HR” department in the organization. However, the organization has personnel and industrial relation department which acts as “HR” department.
No of employees
· The organization have following number of employees:
Regular
Management = 5
Executives = 165
Supervisors = 119
Workers = 712
Through manpower supply contractor
Executives + supervisors = 74
Workers = 525
Survey for the pay rates
· No formal survey for the pay rates is conducted by the organization.
Basis for pay structure
· The organization set the pay structure of various appointments on the basis of :
1. Qualification
2. Experience
3. Technical skills
Job evaluation concept
· No job evaluation concept is being followed by the organization.
Basic salaries
· Basic salary is set as per the pay scale of “National Fertilizer Corporation”.
Union
· A formal labor union (C.B.A.) exists in the organization.
· The union discuss the issues like:
1. Wages rates
2. Income security
3. Time of with pay
4. Cost of living adjustment
5. Health care
Payment policy
· The organization claims to be leader in regard pays and allowances in their sector.
· The probationary staff / employees are paid the same amount as the regular employees.
Increments
· The employees are awarded annual increments. However special increments are also being granted.
Allowances policy
For officers:
· Policy is given by the “National Fertilizer Corporation”.
For workers:
· Allowances are finalized through peace settlements.
Compensation to the trainees
· Compensation to the trainee employees is paid according to the grades.
Accident compensation
· Compensation in case of accidents (fatal/nonfatal) is paid through group insurance policy and workmen compensation insurance policy.
Medical treatment
· Free medical treatment is entitled to the employees and their families through various hospitals on the pool of the organizations.
Payments during leaves
· Employees are paid compensation during earned leave, casual, medical leave. They also get leave fair assistance.
TA/DA’s policy
· TA/DA’s are paid to the employees of different categories according to their grades and entitlement.
Overtime premium
· The organization has formal overtime premium payment policy vide factories Act 1934.
Compensation for foreign qualified
· No such compensation is paid in case of foreign qualified individuals.
Additional technical qualification salary
· Technical pay to the graduate engineers is paid.
Pension policy
· Pension policy is only for executives being paid as per “NFC” pension fund trust policy.
The company is best known for the products of its film studio, the Walt Disney Motion Pictures Group, today one of the largest and best-known studios in Hollywood. Disney also owns and operates the ABC broadcast television network; cable television networks such as Disney Channel, ESPN, and ABC Family; publishing, merchandising, and theatre divisions; and owns and licenses 11 theme parks around the world. The company has been a component of the Dow Jones Industrial Average since May 6, 1991. An early and well-known cartoon creation of the company, Mickey Mouse, is the official mascot of The Walt Disney Company.
Reward System for Non-manual Work Force
Reward system for the white-collar work force-professionals, mangers, technical and clerical staffs-are very different from those which apply to manual workers and operate under conditions more similar to non-manual employees elsewhere in the economy. Construction firms employee a range of professionally qualified staff-architects, surveyors, civil engineers, planners, site managers, etc. For these staff there is much more satiability of employment and employees will normally be employed directly.
The most common additions to salary for non-manual staff in construction are “one off” merit bonuses and over time pay. Adjustments to pay or made for non-manual employees primarily in the light of the company’s “ability to pay”. The cost of living is a lower level consideration. The range of company benefits provided for non-manual workers as similar to other industries with the range of company provided welfare benefits-such as sick pay, pension, life insurance, paid holidays and private medical insurance.
Construction companies don’t tend to provide woman-centered benefits such as child care allowances or career breaks, other than where there is statutory obligation-as in the case of maternity provision. This reflects the small proportion of women employed in the industry and the absence of pressure for such benefits.
Analysis
Three different organizations, i.e. Government, National and Multinational have been considered and contacted during the study for assessing their compensation system. These organizations include:
Ø PAK ARAB FERTILIZER
Ø PAK ARAB REFINERY (PARCO)
Ø KOT ADDU POWER COMPANY (KAPCO)
For the assessment purpose a proper questionnaire was designed and got completed from Human Resource Departments / Personnel Department of these above organizations. Brief introduction of these organizations and analysis drawn are given in the succeeding part: -
PAKARAB Fertilizers
Introduction to The Organization
Pakistan and the State of Abu Dhabi, the two Muslim brother countries, agreed to establish joint countries to Pakistan’s economy. Accordingly, a joint stock company Pakarab Fertilizers Limited was established on November 12, 1973 with equity participation by the National Fertilizer Corporation of Pakistan Limited and Abu Dhabi National Oil company, for the expansion and modernization of the Natural Gas Fertilizer Factory in Multan, the heart of Pakistan’s agricultural scene.
The National Fertilizer Corporation of Pakistan Limited is a Government undertaking and is responsible for the installation and efficient operation of the fertilizer plants in the public sector in Pakistan. Apart from the management of existing production facilities at Daudkhel, Faisalabad and Jaranwala, the Corporation is currently implementing two other large fertilizer complexes for the manufacture of Urea at Mirpur Mathelo and Haripur, Hazara.
The policy of the company is determined by the Board of Director which is nominated by the two principal corporate shareholders and day to day management is vested in the Managing Director
Analysis of the Questionnaire
Departments
· The organization have total of twelve departments.
· There is no formal “HR” department in the organization. However, the organization has personnel and industrial relation department which acts as “HR” department.
No of employees
· The organization have following number of employees:
Regular
Management = 5
Executives = 165
Supervisors = 119
Workers = 712
Through manpower supply contractor
Executives + supervisors = 74
Workers = 525
Survey for the pay rates
· No formal survey for the pay rates is conducted by the organization.
Basis for pay structure
· The organization set the pay structure of various appointments on the basis of :
1. Qualification
2. Experience
3. Technical skills
Job evaluation concept
· No job evaluation concept is being followed by the organization.
Basic salaries
· Basic salary is set as per the pay scale of “National Fertilizer Corporation”.
Union
· A formal labor union (C.B.A.) exists in the organization.
· The union discuss the issues like:
1. Wages rates
2. Income security
3. Time of with pay
4. Cost of living adjustment
5. Health care
Payment policy
· The organization claims to be leader in regard pays and allowances in their sector.
· The probationary staff / employees are paid the same amount as the regular employees.
Increments
· The employees are awarded annual increments. However special increments are also being granted.
Allowances policy
For officers:
· Policy is given by the “National Fertilizer Corporation”.
For workers:
· Allowances are finalized through peace settlements.
Compensation to the trainees
· Compensation to the trainee employees is paid according to the grades.
Accident compensation
· Compensation in case of accidents (fatal/nonfatal) is paid through group insurance policy and workmen compensation insurance policy.
Medical treatment
· Free medical treatment is entitled to the employees and their families through various hospitals on the pool of the organizations.
Payments during leaves
· Employees are paid compensation during earned leave, casual, medical leave. They also get leave fair assistance.
TA/DA’s policy
· TA/DA’s are paid to the employees of different categories according to their grades and entitlement.
Overtime premium
· The organization has formal overtime premium payment policy vide factories Act 1934.
Compensation for foreign qualified
· No such compensation is paid in case of foreign qualified individuals.
Additional technical qualification salary
· Technical pay to the graduate engineers is paid.
Pension policy
· Pension policy is only for executives being paid as per “NFC” pension fund trust policy.
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