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Sunday, February 13, 2011

Employee Motivation regarding incentive schemes at ONGC Project Report

Preface
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”.

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.
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