THE IMPACT OF EMPLOYEE PRACTICES ON WORKING CAPITAL OPTIMIZATION IN TSRTC

Abstract

Purpose: This study aims to investigate the impact of employee practices and decision-making processes on working capital optimization at TSRTC. Specifically, it analyses current practices among TSRTC employees in managing working capital and examines how these practices influence the efficiency of working capital utilization.

Methodology: Employing a qualitative research design, this study utilizes a structured questionnaire to gather data from 80 employees across various departments at TSRTC. Data analysis includes Neural Networking Analysis and Regression Analysis to explore the significance of employee practices and decision-making on working capital management effectiveness.

Findings: The study found critical factors influencing working capital management at TSRTC. Key findings include the paramount importance of employees' perceptions of their roles and their understanding of working capital management. It highlights that, Effective cost control measures and timely financial decisions were found to significantly enhance working capital efficiency. However, challenges in accounts receivable management suggest areas for improvement.

Conclusion: The findings emphasize the necessity for TSRTC to establish clear communication channels for employees to contribute cost-saving ideas and feedback, enhancing organizational efficiency. It suggest that, Employees play a pivotal role in identifying opportunities for improvement and implementing changes that optimize resource utilization. By enhancing these practices, TSRTC can sustainably improve financial performance and operational efficiency, ultimately strengthening its working capital management.