Employee Motivation. Case Study of the incentive schemes at the Jodhpur branch of the Oil and Natural Gas Corporation.

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Summer Project Title

“Employee Motivation regarding incentive schemes                                At ONGC” in JODHPUR

                           

     OIL AND NATURAL GAS CORPORATION LIMITED

RAJASTHAN FORWARD BASE JODHPUR

         


                                               

                                             

                                       PREFACE:

The project is done on the Rajasthan Forward base at Jodhpur. I have done work on the incentive schemes  of Jodhpur branch of ONGC. Firstly I got information about the economic position of the ONGC, then about the industry, then jodhpur branch after that I have done at incentive scheme in ONGC ,jodhpur.

Incentive Scheme in ONGC has been in existence since late 60’s and with the passage of time has under gone number of reviews. . Keeping the present business scenario in focus ONGC management have realized that scheme has not able to achieve the desired objectives as intended in the scheme.

The main purpose of the scheme is to motivate the employees to achieve the target set by the Organization. , As organization face mounting competition across the world.  Companies can’t sustain or even survive in such a relentless environment without attempting to accurately assesses and enhance employee productivity and development.

In view of the above an attempt has been made to compile the details of all incentive scheme in reference to employee working at ONGC. A need is there fore strongly realized for compilation that has been titled as “EMPLOYEE MOTIVATION REGARDING INCENTIVE SCHEMES AT ONGC”.

                                               

ACKNOWLEDGEMENT

           It gives me immeasurable pleasure, to acknowledge the help and advice given by all the concern people. It will be impertinent on my behalf if I do not thank each and every person who has made an effort to put together this project.

I,  first  of  all  would  like  to  acknowledge  the  cooperation  and  encouragement  of  the Mr. S.K. VYAS, HEAD OF DEPARTMENT,   MANAGEMENT DEPARTMENT  OF  ENG. COLLEGE  BIKANER.  Who  provides  me  an  opportunity  &  motivated  me  to  take  my  summer  training  in   such   an  esteemed  organization.

         I  am debted to my advisor  MR.S.S.V.PRASADA  RAO,  (Chief Manager  HR / In-charge HR/ER)  whose  guidance,  patience,  encouragement  and  trust  has  been  a  great  source  of  support  for  me  throughout  my  completion  of  project  report  at  ONGC.  I  was  privileged  to  work  under  him.  He  also  helped  me  to  set  up  and  refine  my  research  agenda  and  career  goals .

         I would  like  to  thank  MR S.P.SOMANI, HR EXECUTIVE, ONGC,  to  help  me  handle  all  the  paper  work  and  assistance  during  the  project  work.

At  the  completion  of  this  project  I  would  like  to  acknowledge  the  cooperation  and  encouragement  of  the SHRI VIPIN  SAXENA  & SHRI GANPAT  SINGH PARIHAR.

           Besides  this  I  would  also  like  to  extend  my  sincere  thanks  to  entire  staff  people  who  were  instrumental  in  completion  of  my  project  report.

                                                                                       

              

EXECUTIVE SUMMARY

           As  the  education  of  future  managers  would  be  incomplete  without  exposure  to  working  in  an  organization  a  summer  training  assignment  is  as  essential  requirement  for  first  year  of  MBA  course.

            The  training  report  concerns  the  welfare schemes at  ONGC  with  various  recommendations  to  make  effective  specially  through  looking  at  employees’  satisfaction  level.

            The  study  was  carried  out  in  Mandore  office  at  JODHPUR. Accordingly  the  training  was  concluded  (on 14th  of  august  2008)  with  recommendations  to  ONGC  as  regards  certain  measures,  which  can  be  considered  to  have  better  satisfied  executives  contributing  their  best  for  achieving  organizational  goals.

CORPORATION PROFILE

Oil & Natural Gas Corporation Limited properly known as ONGC , republic India’s number one company with significant company in industrial and economic growth of the country is a leading National Oil and Natural Gas producing company of India engaged mainly in exploration ,development and production of crude oil, Naturals gas and some value added products. It has gone through its life cycle and now reached to its maturity stage after overcoming birth & growth stage .The organization was born over about five decades ago on 14th August 1956 ND today ONGC is a fortune 500 company having more than 35000 employees as on date working in different in India and abroad. The modest corporate house within serene Himalayan setting at Dehradun and Registered office at Delhi.

ONGC has grown into a full fledge horizontally integrated upstream petroleum company with adequate in house capabilities and infrastructure in the entire range of oil and gas exploration and production activities and related oil fields engineering services .From a small directorate to a monolith today ONGC is circumpassing the entire public  gamut of  public sector organization.  ONGC today is endeavoring to become a world –class oil and gas producing company in pursuit of exploration and production business in the domestic and international area and related opportunity specific energy business.

ONGC today is repositioning itself to fasten the principle of relational enterprise through partnership\strategic alliances \joint ventures with preferred partners and adopt a business strategy which relies on company skills and positional assets with focus on core business areas and opportunity specific diversification.

PURPOSE OF THE STUDY

Study on incentive schemes & employee motivation with special reference to national oil company ONGC Rajasthan Forward Base, Jodhpur is part of the regular programme for MBA of Rajasthan Technical University .

This project is carried out to find out the level of employee motivation regarding welfare schemes & to find out how it can be made effective and implemented in day-to-day work of ONGC. Also to find out what are the weakness and how can be rectified in the competitive edge of globalizations concept and changed economic scenario of world The need has been felt as to how company can made its welfare schemes attractive to enable an organization retain their human capital to pay best packages according to one’s expertise in his job.

The supplementary objective of the study is to increase the efficiency and motivating the employees .Superior and subordinates to maintain hormonal relationship between them while giving emphasis on welfare schemes & its effectiveness. This scheme enhances the compensation and needs improvement for covering all the employees in organization.

INTRODUCTION OF ONGC

  • ONGC Group of Companies comprises of Oil and Natural Gas Corporation Limited (ONGC - The Parent Company); ONGC Videsh Limited (OVL – a wholly owned subsidiary of ONGC); ONGC Nile Ganga BV (ONG BV - a wholly owned subsidiary of OVL) and Mangalore Refinery and Petrochemicals Limited (MRPL - a subsidiary of ONGC). Oil and Natural Gas Corporation Limited (ONGC) is India's Most Valuable Company, having a market share of above 80% in India's Crude Oil and Natural Gas Exploration and Production. ONGC registered the highest profit among all Indian companies at US $ 1.92 billion (Rs. 8664.4 Caror) in the year 2003-04. Its production of Crude Oil in 2003-04 was 26.7 MMT and of Natural Gas 25.70 Billion Cubic Meters. ONGC also produce Value-Added Products (VAP) like C2-C3; LPG; Naphtha and SKO.
  • ONGC Videsh Limited (OVL) is overseas arm of ONGC, engaged in Exploration & Production Activities. It trans-nationally operates E&P Business in 10 countries, making ONGC the biggest Indian Multinational Corporation. In recent years, it has laid footholds in hydrocarbon acreage in various countries including Ivory Cost and Australia. ONGC Nile Ganga BV is a wholly owned subsidiary of OVL and has equity in producing field in Sudan.
  • ONGC envisages organizing Import/International Sale of Crude Oil and Export of Petroleum Products through Tendering Procedure for all the Group Companies.  However, it would be   restricted to the Companies/ Firms/ Vendors registered with ONGC on its approved Vendor Lists.   

        Subsidiaries of ONGC

1 ONGC Videsh Limited (OVL)

2 Mangalore Refinery & Petrochemicals Limited (MRPL)

SWOT ANALYSIS
1. STRENGTHS
        A)        O.N.G.C LTD is perceived to be the leader in oil production industry.
        B)        O.N.G.C has a very efficient and professional management team.

        C)        O.N.G.C being an international company has sufficient resources

                 and    capital to invest.
        D)        O.N.G.C has ISO-9001 & ISO 14001 registration.
2. WEAKNESSES
        A)        O.N.G.C facing difficulties to produce oil from aging reservoirs.
3. OPPURTUNITY
        A)        Energy utilization of buried coal resource (700 -1700M), estimated

                 63BT   – Equivalent to 15000 BCM.
        B)        O.N.G.C facing difficulties to produce oil from aging reservoirs.
4. THREAT
        A)        Security of personnel & property especially crude oil continues to be

                a  cause of concern in certain area.
        B)        In some exploration Campaign Company involves high technology,

                 high  technology, High investment and high risk.

BASIC FEATURES OF  ONGC

  • Company's vision & mission.
  • Objectives of the company.
  •  Rajasthan forward base, Jodhpur.
  •  Major Achievement Of ONGC
  •  Different Working Condition.
  •  Organizational .setup of ONGC
  • Globalization.

VISION OF ONGC

         To be world class Oil & Gas Company Integrated in energy business with

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dominant Indian leadership and global presence.

 MISSION OF ONGC

World Class 

   Dedicated to excellence by leveraging competitive advantages in R&D and      technology with involved people.

 Imbibe high standards of business ethics and organizational values.

   Abiding commitment to health, safety and environment to   enrich quality of    Community life

     Foster a culture of trust, openness and mutual concern to make working a                                                                       ...

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