A Study On HRIS With Reference To Compensation And Benefits Management For Macmillan Inda Ltd

Introduction

The project basically dealt with building the compensation and benefits modules as a part of the Human Resource information system, which was being implemented in the organization using an Enterprise Resource Planning (ERP) package, SAP – which suited most of the requirements and functions of Macmillan. The project involved studying the existing modules of compensation and benefits and trying to improve them with added features for easy automation.

For this, there was small research conducted by interviewing vendors (who already have a package designed for compensation and benefits for readymade use by the companies) and clients (who have bought this package or have designed one on their own) by use of a questionnaire designed by me. With the help of the research, I got an insight into the latest features that are used in compensation and benefits, which helped me to design the needed modules of compensation and benefits.

It involved designing various forms, which were built with the idea of simplifying the process to the maximum extent and making it very clear how each form should be used. The entire modules are looked into from the strategic Human Resource perspective, which stresses both the qualitative and quantitative issues compensation and benefits process. Quantitative measures were particularly used in a few areas to reduce subjectivity.

A Brief Introduction to The Company

Macmillan is one of the largest and best-known publishers in the world. It is characterized by high-quality academic, educational, fiction, and non-fiction publishing in many forms: educational course materials, science, technology, and medicine, college textbooks, dictionaries, monographs, and reference materials. A unique player in India’s education market, Macmillan India enjoys a cutting-edge niche as a partner-in-progress in the socio-economic development of the country. It is in this field that Macmillan’s flame burns the brightest – publishing educational books and materials for over 100 years.

Industry Profile

Book Publishing is the industry concerned with the production of literature or information – the activity of making information available for public view. In some cases, authors may be their own publishers. Traditionally, the term publication refers to the distribution of printed works such as books and newspapers. With the advent of digital information systems and the Internet, the scope of publishing has expanded to include websites, blogs, and the like. As a business, publishing includes the development, marketing, production, and distribution of newspapers, magazines, books, literary works, musical works, software and other works dealing with information.

Company Profile

Daniel and Alexander Macmillan, two brothers from the Scottish Isle of Arran, founded Macmillan in 1843. Daniel was the business brain, while Alexander laid and the literary foundations, publishing such great authors as Charles Kingsley, Tomas Hughes, Lewis Carroll, Alfred Lord Tennyson, Henry James, Tomas Hardy, Rudyard Kipling, and H.G.Wells.

As the company evolved, the Macmillan family’s vision continued to inspire the publishing of major writers including WB Yeats, Sean O’Casey, John Maynard Keynes, Charles Morgan, Hugh Walpole, Margaret Mitchell, C.P.Snow and Rumer Godden.

Industry Profile

Book Publishing is the industry concerned with the production of literature or information – the activity of making information available for public view. In some cases, authors may be their own publishers. Traditionally, the term publication refers to the distribution of printed works such as books and newspapers.

With the advent of digital information systems and the Internet, the scope of publishing has expanded to include websites, blogs, and the like. As a business, publishing includes the development, marketing, production, and distribution of newspapers, magazines, books, literary works, musical works, software and other works dealing with information

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