Status of personnel in corporate structure - an empirical study

Abstract

An analysis of the annual reports of the top 150 companies, as rated by Economic Times, in 1975 was done to identify those companies that were having personnel departments. Further analysis was done on the basis of the industry and sector (public/private), classi fication. The remuneration of the personnel employees in terms of Sec. 217(2A) of the Companies Act category was compared to those in other functional areas, again by in dustries and sectors. While the public sector had more number of employees, they were paid less than their private sector counterparts. Another finding was that personnel em ployees were paid as much as, if not more than, their counterparts in other areas. The designations used and the educational profile of the personnel officers were also studied. Correlations were also made in respect of the total wages, sales, profits, and remunera tion of all the 217(2A) category employees and personnel employees. The personnel func tion is recognized and given a distinct identity and status in the majority of the com panies. The remuneration of personnel employees is on par, if not greater, in some cases than other non-personnel employees.