Professional Documents
Culture Documents
Sumit Singh
3200716
Organizational overview
Established in the year 1987.
Headquater Noida,Uttarpradesh.
Founder chairperson of Uflex group Mr. Ashok Chaturvedi.
Product range offer consist of finest quality multilayer polythene
films,VCI films &chub films,BOPET films e.t.c
Strong global sales and distribution network with customer in about
140 countries.
World class manufacturing facilities of packaging films in India,
Dubai, Mexico, Egypt, Poland and USA (Current Capacity– 337,000
TPA) and of packaging products at multiple locations in India (Current
Capacity- 100,000 TPA) accredited by ISO/BRC/HACCP.
Uflex’s facilities at strategic locations
• VISION: “Be a leading company and preferred supplier for
providing flexible packaging solutions to customers across
the world maximizing value for all stakeholders”
Purpose
Safeguarding the employees and the enterprise from untoward risks by
managing and consulting on issues such as retirement benefits and
Taxation.
RESEARCH METHODLOGY
OBJECTIVE OF STUDY
To study the Statutory compliances and various provisions
covered under the acts.
To find the level of awareness about the Statutory
compliances among the employees of the company.
To examine the correlation of income levels and the
awareness frequency of employees.
To suggest suitable measures for improving the awareness
among the employees.
Data source and data collection
Primary Data
Information through questionnaire containing 19
questions was collected from 80 employees. The
questions were regarding the provisions under various
statutory compliances and the benefits that the
employees can avail. Respondents were to rate these
factors on a 3 rating scale (1-3).
Secondary Data
Through official Website of the
company.(www.ufl.co.in)
Company annual report.(2015-2016)
Various Journals
SAMPLE DESIGN
This study is concerned with the statutory compliances and
the awareness of social security legislations among the
employees at Ultimate Flexipack Ltd .The quota sampling
method was used to gather the data from 80 employees
and selected on the basis of following two conditions:
2 PF Act 2.62
25
NO.OF EMPLOYEES
20
15
10
0
0 10000 20000 30000 40000 50000 60000 70000
INCOME
CALCULATION OF CORRELATION COEFFICIENT
X Y X⋅Y X⋅X Y⋅Y
=0.93
The graph clearly shows that the income and
awareness level of employees have positive correlation
and the value of r =0.93 shows that they are strongly
correlated.
The variation in income level leads to the variation in
the awareness level of employees.
As the income level of employees increases the
awareness towards the provisions under statutory
compliances also increases because the employees
earnings primarily depends upon their educational
qualifications and experiences
SUGGESTIONS
Special lectures by experts on various provisions of the Social security Acts for the benefit
of workers can be organized by the HR department of Ultimate Flexipack ltd.
The HR Officers should constantly interact with the workers to make them aware of the
specific provisions of the several Labor Acts and the contact points to get the benefits
and redress the grievances if any thereof.
Appropriate implementation of the Acts in the company premises should be checked
weekly without any prior intimation to the different departments.
Modern communication media at the unit level can be used to generate the required level
of awareness among workers.
The level of awareness can be enhanced by displaying abstract of the Act on the notice
boards or at the work place written in the language commonly understood by the
workers.
The awareness of Social Security Act can be increased by organizing worker’s training
programs and day long workshop.
CONCLUSION
The study was carried out to find out the awareness level of employees towards statutory
compliances at Ultimate Flexipack ltd. The awareness to various provisions under the
Acts were found out through the mean value of awareness .
The employees awareness towards the provident fund and miscellaneous provisions Act
was highest with the mean value of 2.62.
The least awareness mean value computed was of the payment of gratuity act(1.25) as the
gratuity is paid after 5 years and some of the employees who were surveyed had never
availed the benefits under the act.
The income and the awareness of employees towards statutory compliances were
positively correlated and coefficient of correlation computed came out to be 0.93.
Efforts are to be made on the part of the management to enhance the level of awareness
among the employees.
Some suggestions have been proposed to help the management increase the level of
awareness among the employees and adhere to the statutory compliances for the welfare
of workers.
THANK YOU