0601088 Wage and Salary Administration

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    17-May-2017

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    Topic Wage and Salary Administration

    Name Gandhare Mayur

    Course - MBA

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    EXECUTIVE SUMMARY

    The history of media in India is colored by the colonial experience. William Bolts, an ex-

    employee of the British East India Company attempted to start the first newspaper in

    India in 1776. Bolts had to beat a retreat under the disapproving gaze of the Court of

    Directors of the Company.

    Although the first printing press was imported into Bombay as early as 1670 by the Parsi

    businessman Bhimjee Parikh, it was more than a hundred years before the first newspaper

    was printed.

    The first vernacular newspaper in Bombay was the Gujarati daily Mumbai Samachar,

    published in 1822 by Fardoonjee Marzban.

    The promoter of Business is Late V. R. Kothari. He started this Newspaper in

    1931for the social purpose. In that period India is under the rule of British Government

    and in that period also people need the newspaper for expressing his feeling towards

    British Government.

    It is my pleasure thatI was given opportunity to do project on Wage and Salary

    Administration in Daily Prabhat &Poona Daily News Pvt.Ltd. . It was to get the view of

    the staff members about the wage structure of the company. My project started with the

    study of some books relating to the topic and I observe the problem of the employees

    about it.

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    There is always a scope to study the wage and salary structures of the entire

    organization and bifurcations of all the levels of organization. It also deals and designs

    the updations of wage and salary with current government scenario. In this project, I

    studied about the present salary composition of Daily Prabhat &Poona Daily News

    Pvt.Ltd. along with the evaluation of incentives, bonus, and allowances given to the

    employees.

    After analyzing the data and interviewing the employees its found that the wage

    and salary administration of the company was satisfactory.

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    COMPANY PROFILE

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    The Business organization is a Pvt. Ltd. Co.

    Mr. Anand Ashok Gandhi is a Managing Director of the Daily Prabhat & Poona Daily

    News Pvt. Ltd. Co.

    The Newspaper had started in the year of 1931.

    The nature of business firm is mainly a printing and publishing of newspaper.

    The Newspaper is one of the type of media. There are many types of media such as

    audio, visual, printing media etc. The newspaper is a type of printing media. The

    newspaper is a effective media of expressing the peoples opinion in the country like

    India. People have a very useful weapon of newspaper for expressing his feelings towards

    government, organizations etc. Because of this purpose the Late Mr. V.R.Kothari started

    a newspaper in 1931. In that period India is under the rule of British Government and in

    that period also people need the newspaper for expressing his feeling towards British

    Government.

    The promoter of Business is Late V. R. Kothari. He started this Newspaper in 1931for the

    social purpose. Late Mr. V.R.Kothari is a teacher of Sanskrit. And in the name of him

    Daily Prabhat

    &Poona Daily News Pvt.Ltd give a price to the student who scores a highest mark in

    Sanskrit in Maharashtra state of secondary examination i.e. in S.S.C examination. The

    Daily Prabhat was one of the old newspaper in Pune at that time. And from the time

    started the newspaper the paper maintains the quality and is one of the successful

    newspaper in Marathi language in Pune city as well as in rural area. The newspaper has

    won the The Manisana (Wage Board Award has accepted by Govt. by notified date 5

    Dec. 2000

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    The yearly approximate turnover of Daily Prabhat &Poona Daily News Pvt.Ltd is in

    Rs.50000000

    How the printing done at Prabhat ?

    The Editorial Process

    The process of producing a daily edition of a Daily Prabhat newspaper begins with a

    meeting of the paper's editors, who determine the amount of editorial copy in an

    issue based on the advertising space that has already been sold. A specific

    number of pages is agreed upon, and the editorial assignments are made to the

    various departments. The section of national and international news, generally

    the first part of the paper, is compiled from correspondents who send in their

    stories electronically, usually via computer modern, to their editor's computer.

    There, the editor checks the stories, sometimes rewriting them or increasing or

    decreasing their length. Additional stories of importance are compiled from wire

    services such as United Press International, Associated Press, and Reuters.

    These are organizations that employ reporters in various cities of the globe to

    Compile stories and items quickly for dissemination over telephone wires.

    For a typical, news breaking story of local origin, the process begins with a

    Correspondent submitting a report, either in person or via computer modern, to

    the "rewrite" desk person. The rewrite journalist fine-tunes the wording of the

    story and makes sure it answers the six important questions: who, what, where,

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    when, why, and how. He or she then sends it over to the computer at the city

    desk. The city desk editor, who is responsible for the paper's local content,

    looks over the story, makes additional changes if necessary, and sends it over

    to the news desk. The news editor, who makes the final call about which stories

    to run in the upcoming edition based on their relevance, may make further

    changes before submitting the piece to the copydesk. The story arrives there

    with guidelines for length as well as headline instructions regarding size and

    type.

    From this point, the story is set to be inserted on a certain page that has

    already been roughly laid out by both the news editor and a makeup editor. A

    mock-up of the page, essentially a blank form showing where the stories will run

    and where pictures and advertising will be inserted, is called the "dummy." The

    makeup editor has already met with the advertising department to determine how

    such pages will be laid out with ad space. The dummy has rough notes for

    headlines, story insertions, and graphic elements such as photos and tables of

    statistics. It also shows the date of the edition as well as a page and section

    number. After the news editor has determined the placement of the story on the

    page in as well as the other items set to run the dummy is sent

    on to a composing room.

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    The Manufacturing Process

    Typesetting

    The composing room receives the story in an electronic format, with the

    computer text file already translated with typeset codes. In a typeset file,

    the characters are of the same style, size, and width as they appear on

    the pages of the newspaper. The setting of stories into the type that a reader

    sees went unchanged for several decades until the latter years of the 20th

    century. Well into the 1800s, type was set by hand, letter by letter. A

    typesetter dropped small metal letters into a hand-held tray called a "stick."

    The invention of the Linotype machine in 1884 made possible a quicker, more

    efficient method of typesetting. Invented by German immigrant Ottmar

    Mergenthaler of Baltimore, Maryland, this large, cumbersome machine worked by

    casting hot lead into a line of type with the assistance of an operator who

    typed in the copy on a keyboard. Individual lines of type were then placed by

    hand onto a page form. When a page was completed, it was then sent to a

    stereotyping room where a curved metal plate was made from the page form. The

    page form was then placed on the printing press.

    Modern technology has replaced the Linotype process through a method called

    phototypesetting. The first step in this process is the transfer of the dummy

    to the page layout section of the newspaper. There, an operator transfers the

    instructions on the dummy into a rough page prototype. A printed version may

    be looked over and adjusted several times by one of the reporters whose story

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    is featured as well as by the copy editor. If another breaking story comes in,

    this page layout can be altered in a matter of minutes.

    Image transference

    The final version of the page is then approved by the editor on dutysometimes

    a night editor in the case of a paper that is slated for a morning editionand

    sent over to a process department. There, the page is taken in its computer

    format and transferred via laser beams onto film in an image setter apparatus.

    The operator then takes the film to a processor in another section of the

    paper, who develops it and adjusts it for its final look. Photographs are

    scanned into another computer terminal and inserted into the page layout. The

    pages that are set to be printed together are then taped down onto a device

    called a "stripper," and an editor checks them over once more for errors. The

    strippers are then put into frames on light-sensitive film, and the image of

    each page is burned onto the film. The film of each page is inserted into a

    laser reader, a large facsimile machine that scans the page and digitally

    transfers the images to the printing center of the newspaper.

    At the printing center, typically a large plant separate from the newspaper's

    editorial offices and centrally located to facilitate citywide distribution,

    the pages arrive at the laser room and are put through a laser writer, another

    scanning device that makes a negative image of them. In the negative image of

    the page, the text is white while the blank spaces are black. The final images

    of each page are further adjusted. This last-minute adjustment may involve

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    fine-tuning of the colored sections and retouching photographs.

    Platemaking

    From these negatives, the forms from which the paper will be printed are

    composed in a platemaking room. The film of the page, usually done two pages

    at a time, is then placed on a lighted box. Next, an aluminum plate containing

    a light-sensitive coating is placed on top of the image of the pages. The

    light box is then switched on, and ultraviolet light develops the image of the

    pages onto the aluminum plate. The aluminum plate is then bent at the edges so

    that it will fit into a press, and is fitted onto plate cylinders.

    Printing

    The aluminum plates of each page next move on to the actual printing press, an

    enormous machine often two stories high. When the press is running, the noise

    in the building is deafening and employees must wear earplugs. The most common

    method of printing newspapers is called web offset. The "web" refers to the

    large sheets of blank newsprint that are inserted in rolls, sometimes weighing

    over a ton, into the actual printing press. The reels of newsprint are loaded

    in at the bottom floor of the press. The rolls are inserted onto a reel stand,

    which has three components: the first reel brings a roll of paper up to the

    press, a second is loaded and ready to replace the first roll when it runs

    out, and a third reel stays empty and ready to be fed with another when the

    first reel is almost finished. Each roll of blank newsprint has double-sided

    tape at its edges, so that when one roll runs out in the press, another

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    smoothly takes up where the other left off without interrupting the printing

    process.

    The plate cylinders then press the image of the page onto a blanket cylinder,

    leaving a version of the page's image on the cylinder's soft material. When

    the paper runs through the press, the blanket cylinder presses the image onto

    it. The chemical reaction of the ink, which contains oil, and the squirting of

    jets of water into the process result in the actual newspaper page of black or

    colored images on a white back-ground. Since oil and water do not mix, the

    areas where ink should adhere to the page are black or colored, and water

    washes away the parts where ink is not needed. This is why this printing

    process is referred to as "offset."

    Next, the large sheets of printed newsprint move on to another large piece of

    machinery called a folder. There, the pages are cut individually and folded in

    order. This entire printing process can move as fast as 60,000 copies per

    hour. Quality control technicians and supervisors take random copies and scan

    them for printing malfunctions in color, order, and readability. Next, a

    conveyer belt moves the papers into a mail room section of the plant, where

    they are stacked into quires, or bundles of 24. The quires then move to

    another section where a machine wraps them in plastic. The bundles are now

    ready to be loaded onto delivery trucks for distribution.

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    Head Office :

    All types of administrative work are done here. The departments under the

    Head Office of Daily Prabhat are below:

    Human Resources Department (HRD):

    The Human Resource Department is basically

    responsible for caring out overall personnel management related activities of the

    company within the scope of personnel policies, administrative procedures and

    coordination with the management.

    Public Relations Department (PRD):

    It is involved to circulate the different financial

    statements, activities. They also publish half yearly magazine known as Delta Barta

    , produce yearly calendar, diary, and greeting cards. They advertise company s

    employment notice subject to the requirements of the HRD.

    MD s Secretariat: This department arranges appointment of the delegates and the

    higher officials with Managing Director of the company.

    Control and Compliance (C & C):

    They verify the bills of TA/DA and check the

    salary of the employee.

    Internal Audit:

    They visit different offices in order to verify the statements made by

    the department. If any irregularity is found then they request the concern department

    for necessary actions to correct the error.

    Establishment:

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    They look after all visible assets (excluding depositing money) of the

    company, purchase all stationary and hardware, computer accessories, maintenance of

    the existing assets.

    Accounts: They prepare financial statements, annual reports, budget, book keeping of

    the company. They are accountable for the over all financial functions of the

    Legal: This department handles all the legal aspects of the company.

    Training Department:

    They arrange on-the-job training and also arrange long-term

    training program for the newly recruited executives and the marketing people. There

    is a separate building newly constructed at Pune only for training and development

    purpose named as Training Institute which will conduct only the short-term and

    long-term training programs and courses.

    Servicing Department:

    This department Issues money receipt Informs the ad agencies advocates about the date

    of

    deposit the money by sending letters.

    Accounts De...

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