Cost Managment HRM Presentation by Hammad

www.aiou.edu.pk M. HAMMAD MANZOOR, MBA HRM - II Email: [email protected] Roll No. 508195394, Karachi Campus

Department of Admin Sciences,

Allama Iqbal Open University, Islamabad

WELCOMEWELCOME

TO THE PARTICIPANTSTO THE PARTICIPANTS




Presented By: M. Hammad ManzoorPresented By: M. Hammad Manzoor MBA HRM IIMBA HRM II

Roll No. 508195394Roll No. 508195394

Supervised By: Dr. Amir Hussain Shah (AIOU)Supervised By: Dr. Amir Hussain Shah (AIOU) (April, 2012)(April, 2012)

““LABOR PLANS & INCENTIVE SCHEMES”LABOR PLANS & INCENTIVE SCHEMES”



Allama Iqbal Open University, IslamabadAgenda Items for Presentation Agenda Items for Presentation

• Introduction about Author and Project• Acknowledgement• Abstract• Introduction to the Topic• Practical Study – Cere – e - Noor • Data Collection Method / Analysis• SWOT analysis• Conclusions• Recommendations• Q & A Session




• Introduction about Presenter “My Self”

• Introduction about Project“ “ Labor Plans & Incentive SchemeLabor Plans & Incentive Scheme”

Philosophy of the project is,“How to understand the problem and find out a patent solution”

Introduction about Presenter and ProjectIntroduction about Presenter and Project



Allama Iqbal Open University, IslamabadAcknowledgementAcknowledgement

• To Almighty ALLAH• To Honorable Faculty AIOU, Mr. Sajid Saeed• To Mr. Mansoor , AIOU, Karachi Campus• To Mr. Usman Ahmed–Manager Production

(Cere-e-Noor)• To my Class fellows of MBA – II (Waleem, Javed, Sohail &

Zehra etc)• To my students at Islamabad (Bahria University, Islamabad)• To my colleagues at my Office



Allama Iqbal Open University, IslamabadAbstractAbstract

• Introduction to projectObjective: 1) What is Labor? 2) Forms of Labor Control? 3) Types of Labor? 4) Renumeration and Incentive Systems?

• Understanding the Problem• Methodology Used

• Research Methodology• Primary Data Used• Modeling of Different Methods• Merits & Demerits Analysis

• Conclusions• Recommendations




INTRODUCTIOINTRODUCTIONN



Allama Iqbal Open University, IslamabadLabor-Plans & Incentive Labor-Plans & Incentive SchemeScheme



Allama Iqbal Open University, IslamabadLabor Cost Control TypesLabor Cost Control Types



Allama Iqbal Open University, IslamabadTime Keeping MethodsTime Keeping Methods
















Various Remuneration MethodsVarious Remuneration Methods

Various Remuneration Methods

Time Based Result BasedCombined time and

piece rateBonus System




Various Remuneration MethodsVarious Remuneration Methods




Practical Study of Cera-e-Noorwww.cera-a-noor.com

Manufacturer of finest tableware Ceramics



Allama Iqbal Open University, Islamabad• Cera-e-Noor plant located in the industrial area of city of Hub in Lasbela, Balochistan province of Pakistan

• It was acquired by the Hashoo Group in the year 2000.

• It is a state-of-the-art facility for the manufacture of crockery (tableware).

• The plant was designed and commissioned with the collaboration of French ceramic giant, Bernardaud Liamoges and technical/engineering expertise from other major players in the French ceramic industry such as Ceric and Cerlim.










Turn Over Benchmarks• To achieve a target of PKR 222 million (2 million pieces) within the 1st year• To achieve a target of PKR 400 million (4 million pieces) within the 2nd year• To achieve a target of PKR 1 billion (8 million pieces) within the 3rd year

Profit Oriented Benchmarks• To achieve profit at the rate of 2% within the 1st year 2007-08• To achieve profit at the rate of 4% within the 2nd year of 2008-9• To achieve profit at the rate of 8 % within the 3rd Year of 2008-09

Sales Benchmarks• To achieve a target net sales of Rs. 222 million within the1st year of 2007-08• Expand the number of dealers by 10 %• To achieve a target net sales of Rs. 400 million within the 2nd year of 2008-09• Expand the number of dealers by 30 %• To achieve a target net sales of Rs. 1billion within the 3rd year of 2009-10• Expand the number of dealers by 50 %







Turn Over Calculations for 2010:




Time Wage System at Cere-e-Noor:Time wage system is also being used at Cere-e-Noor production department; around 150 of the labor are working on time wage system. One of the practical calculations regarding the time wage system is as follow:




Piece Wage System at Cere-e-Noor:

Piece wage system is also being used at Cere-e-Noor production department; around 300 of the labor are working on piece wage system. One of the practical calculations regarding the time wage system is as follow:






















Cost Managment HRM Presentation by Hammad

Documents

converting

piece wage

time wage

target net

direct labor

noor production

incentive

time spent