Team Members:Swapnil (096)Thillai (097)Amol (106)Shalini (080)Richa (064)Rohit (074)Rahul (060)

Coromandel Fertilizers limited is a leading company in India manufacturing a wide range of fertilizers and plant protection products (technical & formulations). 

Started in1964, Owned by Murugappa Group Total number of employees 357 Total number of factory workers 225

Organisational success is driven by satisfied & motivated employees.

Satisfaction & motivation can be enhanced through rewards & recognition.

Any organizational reward system has three behavioral objectives:

1. membership behavior to recruit and retain a sufficient number of qualified workers

2. task behavior to motivate employees to perform to the fullest extent of their capabilities

3. compliance behaviour to encourage employees to follow workplace rules and undertake special behaviours beneficial to the organizations without direct supervision or instructions

Intrinsic motivation :refers to motivation that comes from inside an individual rather than from any external or outside rewards, such as money or grades.

Extrinsic motivation :comes from outside of the performer. Money is the most obvious example, but coercion and threat of punishment are also common extrinsic motivations.

Awards at

Coromandel Fertilizerds limited

Team Awards:◦ Gallop T-12 Questionnaire◦ Team with highest score team will get the award

Zone wise awards:◦ Company divided in 14 zones◦ 5S award after audit

Individual Awards:◦ Fast Track employees- Blue eyed employees◦ Succession planning◦ ELP- Executive Leadership Program

24 from whole group◦ BLP-Business Leadership Program

7 employees◦ Best Employee of Department known as Maximizer◦ Birthday mail & Poster

Unsung Hero◦ Appreciated in In-house magazine

Recognition given to Family of Employees◦ Children’s performance flashes on company’s portal system&

printed in magazine Long Service Awards

◦ People above 25 years of experience Suggestion Awards

◦ Best Suggestion◦ Highest number of implemented suggestions

Recognition of 5S auditors◦ Both management & Workers

Intrinsic Awards…

Regular yearly Appraisal Best performer of the year

◦ Award money Rs. 60,000 ◦ Given to 2 management staff & 2 workers

Maximizer◦ Given to 3 top performers of the company◦ Based on 17 factors & weight age is different for all factors which is

not known to even department head◦ Award money Rs.15000

Fast track employees ◦ get promotion every 6 months◦ with variable pay

Performance bonus at the end of year

Tailor rewards to individual interests, needs, desire Senior management support and involvement Include employees/managers in design and implementation Keep programs simple and easy to administer Match the reward to the achievement Communicate, Communicate, Communicate! Be timely and specific Make sure each employee understands what they did to earn the

reward