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Thursday, March 19, 2009

About Tisco:

Established in 1907, Tata Steel is the world's 6th largest steel company with an existing annual crude steel capacity of 30 million tonnes. Asia's first integrated steel plant and India's largest integrated private sector steel company is now the world's second most geographically diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.

The vision of TISCO is “We aspire to be the global steel industry benchmark for
Value Creation and Corporate Citizenship” and so the managing the employee needs to be dealt carefully.

Manager is a person getting things done through others. He is also responsible for designing organization’s structure. Every organization contains people, and it is management’s job to direct and coordinate these people. This is the leading function and one of the important factor of leading function is motivate his subordinates.

As a manager of well recognized company like TISCO, it is important to maintain graph of the business. To be a competitive in global market the higher production is one of the major part of the same. Which not only depend on the proper planning but also requires the well inputs from the employees mainly by low line workers.

Motivation in the workplace is essential for a good working environment. Different things motivate different people. Most people do work for money, many others work because they love their jobs. Others work because they want to help others or to feel accomplished in a certain field. There are lots of reasons why people are motivated to work.

The main reason for motivation regarding work is money. Money is also the reason why people are motivated to get degrees or higher training for their jobs. They want to better themselves in their workplace to make a higher salary. When people receive good pay for the work they do, they are more motivated to work harder and do better at their job, who under estimated the power of money is making mistake. Money can motivated almost any employee to work hard.

Another reason for motivation at work is recognition for their performance. With out proper recognition, employees will not be as motivated as they are when they are properly praised. Employees want raises, promotions and recognition among fellow employees. In fact after money, recognition is one of the main reason why people search for better job. The failure to discipline non-working employees can result in lack of motivation.

Another reason for motivation among workers is that, they want flexibility in their schedules. If their employer cannot offer this, then they will look ofr another job. They feel more motivated to do a better job when the employer can offer good communications. Workers want their supervisors to know that they have good ideas too and they don’t want to feel bad about expressing their ideas. They will take comfort in knowing that they have sympathetic supervisors and can go to them when they need to express problems or concerns in the work place.

To boost morale and motivation among employees, employer should know each employee’s needs. Some may feel that they want to be in control of their environment. They will not feel motivated if they constantly have a supervisor looking over their shoulders and critiquing their work. Workers will feel more motivated if they can start their work and know that their supervisors trust them and what they do each day. This helps them have the self-confidence at work.

According to Clarence Francis the former chairman of General Foods (USA) “you can buy a man’s time, you can buy a man’s physical presence at a given place. But you can’t buy his initiative, loyalty etc.”. But we’ll get his initiative, loyalty etc. only through motivate him.
There are various methods to motivate the employees. In the case of a well recognized company like Tata Iron and Steal Co.(TISCO) the lion share may be the blue collar workers. To motivate both the blue and white-collar workers, know them closely. Know their pulse. After that we can adopt the following methods to improve production.
Monetary benefits
1.Salaries or wages:
It is the most important motivational factor. Reasonable salaries must be paid and on time. While fixing salaries, it will be taken into consideration a number of factors such as cost of living, Company’s ability to pay, conditions prevailing in the market, Capability of employees etc.

2.Incentives:
It refers to incentives by way of medical allowances, leave travel allowance, house rent allowance, educational allowance, recreation allowance and so on. Bonus as a extra payment over and about salary given to employee as a incentive.

3.Special Individual incentives:
It will be provided to deserving employees for valuable suggestions and valuable target oriented performance or for special efforts as the part of the employee.

NON-MONETARY BENEFITS
Non-financial factors can also play an important role in the motivation of employees. We can apply that methods to motivate the employees to improve the production

1.Status or Job Title:
By providing a higher designation the employees can be motivated. For example: re-designate “production supervisor” with “ Production Officer” will increase the morale of the employee.. Employees prefer and proud for higher designation.

2.Appreciation and recognition:
Employees must be appreciated for their services. The praise would come not only from the immediate superior but also from higher authorities, especially in the case of special achievement.
3.Delegation of authority:
Delegation of authority motivates a subordinate to perform the tasks with dedication and commitment. When authority is delegated, the subordinate knows that his superior has placed faith and trust in him and as such he may devoted to his job.



4. Working Condition:
Better working conditions motivate the employees. It means air conditioned rooms proper sanitation good lighting and ventilation, proper office layout, compact and convenient machines and equipments; proper rest pauses etc. can motivate the employees.

5.Job security:
Guarantee of jobs security or lack of fear of dismissal etc. can also be a good way to motivate employees. Employees who are kept temporarily for a long time may be frustrated, and they may leave the organization.

6.Job enrichment
It involves providing more challenging tasks and responsibilities. An executive, who is involved in preparing and presenting reports of performance, may also be asked for frame plans. This would make the job of the employee more meaningful and satisfying.
7.Workers participation:
Inviting the employee to be a member of the quality circle or a committee or some other form of employee participation can also motivate the work-force.

8.Other factors:
There are several other factors of motivating employees. Those are
· Providing training to the employees
· Proper promotion and transfers
· Proper performance evaluation and feedback
· Proper job placement
· Flexible working hours
· Proper welfare activities.

TISCO is a well-reputed firm in India. TISCO has an inevitable role in the field of Iron and Steel industry. So I have to give a special care to implementing the motivational activities as above described. Workers should not be treated as merge wage slaves; they can be motivated and happy at work. When they are, the company can expect higher productivity, more innovation, higher quality and better worker relations. In short the TISCO will make more money. Production workers can be motivated and happy and that this makes a difference to the bottom line. The above points are to be considered while motivating the employees of TISCO, and through that I can improve the production within the prescribed time.


Thanks,
Sareesh

4 comments:

  1. Can you please send the previous years question paper?

    ReplyDelete
  2. can you send me 2nd sem assignments and case study plsss..
    my email id is pneeraj112@gmail.com

    Thanks for ur help!!!

    ReplyDelete
  3. CPSL Steel is the Stainless Steel Cookwares manufacturers who makes cooking pan sets, indian Stainless Steel Cookwares.They are manufacturer of stainless steel cookware & Stainless steel pots and pans.
    cooking pan sets

    ReplyDelete
  4. Greetings Sareesh,

    I am doing my EMBA from NIBM could you please send me the 2nd sem assignments for Operations management to my id - kshyapray@gmail.com

    Thanks in advance,
    Kshyap ray

    ReplyDelete