Expressing the need for financial restructuring of sick milk unions and ensuring their turnaround, Rabo India Finance and Nabcons have worked out a detailed road map for merger and leasing out of milk unions. The consultants have put forth a vision for the next five years, to triple the turnover of the federation from Rs 725 crore in 2006-07 to Rs 2,600 crore in 2012-13.
The dairy companies are growing at 25-30%. The vision for Milkfed has been formulated based on the same growth rate. The consultants have stressed upon restructuring of the staff of the organisation, including the milk plants. The consultants have noted the lack of implementation of clear-cut HR policies on the part of Milkfed and its affiliated unions. The study highlights that interventions are required with regard to management of rewards, risk taking, delegation and teamwork.
They have suggested the introduction of a statistical process control to measure the performance of each process parameter, upon which the work of an employee can be assessed.