Mr. Ali-RazaMr. Aabir-HusaainMr. Shahroz Khan

PACKAGES PRIVATE LIMITED

Established in 1956.

Provides premium packaging solutions for exceptional value to individuals and businesses.

Employ over 3000 people and had sales of over US $ 100 million in 2004.

PAPER & BOARD

STATIONARY

CARTON BUSINESS UNIT

UNIT FLEXIBLE

BUSINESS UNIT

CONSUMER PRODUCTS

Manpower Less Than 10 Years Service 1,358   Between 11 And 20 Years 582   Between 21 And 30 Years 512   Above 30 Years 439

Executive And Management Staff 506 Supervisors 246 Workers 2,139

TOTAL 2,891

Attracts and retains outstanding people by creating a culture that fosters openness and innovation, promotes individual growth, and rewards initiative and performance.

To develop a duality work force & to keep them with the company

Every body works deliberately towards the environment for getting the reward.

Different things motivates different sort of people.

For some people money matters On the other hand for others verbal appraisal is of great importance.

One of the most important thing which motivates majority of people is “money”. “

Pay” in the other words.

Managing of benefits and compensation is a very essential and important both for the employees and employer.

Its not an easy task to retain and maintain the skilled and capable employees.

Compensation managers have to manage this program in such a way which makes employees not only to stay longer with the organization but also improves productivity.

Mr. Ali-Raza

It is a very tricky and important phenomena.

Packages considered all the internal and external factors like companies Market position,

its resources, company’s year performance and progress after viewing all these factors pays has been decided and they tend to satisfied every employees needs and expectations

Induction Salary

Workers Min 9000/- per month Skilled workers Min 12000/- per month Executive Min 25,000/- per month

Seniority pay system

Seniority pay system reward employees with additions to base pay periodically according to employee’s length of service performing their job.

Merit pay system

Merit pay programs assure that employees compensation over time should be determined, at least in part by differences in job performance.

There are two types of traditional bases for pay

Most of the firms now-a-days using merit pay system so do PACKAGES.

Merit pay system has many advantages

It rewards individual achievement People motivated when they were recognized. Its very good both for the employee and employers People start working more effectively if they know that their pay has been decided on the bases of their performance. That's why this pay system has been used in packages.

Bases for Pay Cont....

Seniority pay system has also been used in packages but only for the exceptional case who work for the organization for so many years and put extra effort and was very loyal so in those case seniority pay system can be used.

Bases for Pay Cont....

Mr. Shahroz Khan

Incentive pay or variable pay rewards employees for partially or completely attaining a predetermined work objective.

Companies use incentive pay to reward individual employees , teams of employees, or overall companies based on their performance.

Company only provides with bonuses to their employees on their performance.

Incentive or Variable Pay Plans

Incentive cont....

All confirmed employees avail annual bonuses.

The criteria for the bonuses is that company give bonuses maximum 7 multiply with their base salary

The bonuses has been given twice a year in January and in august most probably.

Its on the base of individual incentive plans, concept of group incentive plan is not much used in packages.

Incentive cont....

For example if someone’s salary is 9000 and get bonus 6 on its base salary then9000 x 6=54000 will be the bonus of that person.

But again its performance base so getting the 6 or 7 is not an easy task employees performance has been observed and evaluate very keenly.

Many incentive plans apply to other categories of employees including sales professionals, managers, and executives

employees are the people who actually do the work.

The most widely used incentive for operational employees plan is the PIECE WORK PLAN.

In this plan worker is paid a piece rate for each unit he or she produces.

Other is straight piecework in which a person is paid a sum for each item he or she makes or sells.

In packages these sort of incentives some times used but not frequently

Its been used when there is urgent need for more production etc.

Managers play a central role n influencing divisional and corporate profitability

Most firms therefore put considerable thought into how to reward them.

Most managers get short-term bonuses and long-term incentives in addition to salary.

Mr. Aabir-Husaain

SalariesBonuses

IncentivesPremium pay

Insurance plansSocial Assistance AnalysisAmbulance and Dispensary

Common time-off-with-pay periods include

Long Service Award – 30 Years Min Rs 20,000/- Max Rs 150,000/-

Haj (4 Persons / Year)

Scholarship To Employees Children For Higher Education (42 Scholarships Per Year)

Day Care Center

Social Security

Provident Fund/Gratuity/ Pension Sports Facilities

Children Mela

Benefits and welfare schemes used by packages and considered as one of the best firm for giving their employees such benefits.