Raymond

Project Report Prepared on

COST BENEFIT ANALYSIS OF INHOUSE TRAINING

PROGRAMME
Prepared by:
Priti Patel

Under the guidance

Of Mr. Kedar Sukla

G.I.D.C ROFEL BUSINESS SCHOOL, VAPI

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DECLARATION

I, Ms. Priti Patel Student of G.I.D.C ROFEL BUSINESS SCHOOL, VAPI

Approved by All India Council For Technical Education, hereby declared that
these project report is result of culmination of our sincere efforts.

I, declare that this submitted work is group by me and to the best of my

knowledge. No such work has been submitted by any other person for the
award of degree or diploma.

We also declare that all the information collected from various

secondary sources has been duly acknowledge in this project report.

Priti Patel

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Acknowledgement
First and foremost I would like to acknowledge my sincere regards
for allowing us to complete our internship project in Raymond Ltd.
and to gain the exposure of corporate world.
At the outset, we are immensely thankful to Dr. Rajashree Gujarathi, Director,
GRBS for providing us with the infrastructure and appropriate facility for
successful completion of our work.

We are at loss of words while thanking Mr. Kedar Shukla, for giving us the
opportunity to learn through practical application in such an innovative way.
His esteemed guidance and criticism with constant encouragement and
motivation are sincerely thanked.

I would also like to express positive reception to Mrs. Deepa Sinha

and Mr. Sunil Kannur who has given us such an opportunity to
undergo training in the adored Raymond Ltd. for two months.

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INDEX
1. Preface ------------------------------ 05

2. Research methodology and

Research objective ------------------------- 06

3. Limitations of the study -----------------------------07

4. Company profile ------------------------------- 08

5. Production process flow chart ----------------- 14

6. SWOT analysis of past training program ------------ 15

7. Cost benefit analysis of training program ----- 16

8. Contents of training program-------------------------------16

9. Total cost analysis ----------- 20

10. Total fees analysis ------------------------ 21

11. Topics and no. Of participant analysis -------------- 22

12. Payback time----------------------------------------23

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13. Findings, recommendation & conclusion------------------24

14. Bibliography---------------------------------------- 25

15. Annexure-------------------------------------------- 26

Preface
Summer internship project is an important part of management programs. It
helps in getting practical exposure to our theoretical knowledge. It gives a
glimpse of corporate world and gives us an inspiration to work in practical
scenario. The main intent of this project is to the know functioning of different
functional departments like Human Resource, Finance, Production, etc.

It also gave scope to get detail knowledge of finance and to work in team.

I was enchanted as I got an opportunity to work with such a reputed

organization Raymond Ltd. This was an opportunity for me to get myself
updated with many new things.

The information provided is derived with reference from various books,

websites and professionals guidance from people related to this field.

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RESEARCH METHODOLOGY
 Entire research is based on secondary data.

 It is descriptive in nature

RESEARCH OBJECTIVES

1. To estimate the cost benefit analysis of in-house training.

2. To prepare the budget of entire training schedule.
3. To design the monitoring system to evaluate the training
process.

Reference Period

This study is conducted for the period of 50 days starting from 5th of
MAY 2010- to 25th of June 2010.
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Limitations of the Study

1) Time duration for training is 45days which is not adequate as

topic is gigantic.
2) As benefit of training can evaluated over a period of time it was
difficult to quote the benefits of training.
3) Past data was not provided.
4) Real data of consultants was not available.

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COMPANY PROFILE
Name of the company: Raymond Limited (Textile division)

Address of Registered Office:

Plot 156/H No. 2, Zadgaon Ratnagiri,
415 612.
Factory Location and Address:
N. H. No.8,
Khadki Udwada,
Tal-Pardi.

Year of Establishment: 2005

Business Activities: Manufacturing Process of Fiber to Fiber

Website: www.raymondindia.com

VISION:” Raymond the most desired Workplace for top talent"

MISSIONS: We commit to the HR vision of making "Raymond the most Desired
Workplace for top talent". We will strive to weave in the core Raymond values
namely Quality, Trust, Leadership, and Excellence in all our actions & HR
Processes so as to make every Raymondite a complete man.

VALUES: Trust, Quality, Leadership, Excellence

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The Raymond Group was incorporated in 1925 and within a span of a few
years, transformed from being an Indian textile major to a global
conglomerate.

In our endeavor to keep nurturing quality and leadership, we always choose

the path untaken - from being the first in 1959 to introduce a poly wool blend
in India to creating the world's finest suiting fabric the Super 240s made from
the superfine 11.6 micron wool.

Today, the Raymond group is vertically and horizontally integrated to provide

customers total textile solutions. Few companies globally have such a diverse
product range of nearly 20,000 varieties of worsted suiting to cater to
customers across age groups, occasions and styles.

We also have some of the most highly respected apparel brands in our
portfolio: Raymond, Raymond Finely Crafted Garments, Manzoni, Park Avenue,
Color Plus, Parx, Zapp! And Notting Hill.

GROUP OF COMPANIES
Raymond Ltd. Raymond Ltd. is among the largest
integrated manufacturers of worsted
fabrics in the world.
Raymond Apparel Ltd. Raymond Apparel Ltd. has in its folio
some of the most highly regarded
apparel brands in India – Raymond
Finely Crafted Garments, Manzoni,
Park Avenue for Men & Women, Color
Plus for Men & Women, Parx, and
Zapp! And
Color Plus Fashions Ltd. Color Plus is among the largest smart
casual brands in the premium
category. The company was acquired
by Raymond to cater to the growing
demand for a high end, casual wear
brand in the country for Men &
Women.
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Silver Spark Apparel Ltd. A garmenting facility that

Regency Texteis Portuguese Lda
Ever Blue Apparel Ltd.
Celebrations Apparel Ltd.
J.K. Files & Tools
Ring Plus Aqua Ltd.
J.K. Helene Curtis Ltd.
J.K. Investo Trade (India) Ltd.
Raymond UCO Denim Pvt. Ltd.
Raymond Zambaiti Pvt. Ltd.
J.K. Ansell Ltd.
J.K. Talabot Ltd.
manufactures formal suits, trousers
and jackets.
A facility set-up in northern Portugal
bordering Spain, in Caminha for
manufacturing suits,
A state-of-the-art denim garmenting
facility.
A facility set-up for the manufacture of
formal shirts.
A leading player in the Engineering
Files & Tools segment and the largest
producer of
A leading manufacturer in the
engineering automotive components.
A leading player in the grooming,
accessories and toiletries category.
JKIT is an investment company
registered with Reserve Bank of India
as Non-Banking
The manufacturers and marketers of
denim fabrics.
A Greenfield facility manufacturing
high value cotton shirting
The manufacturers and marketers of
KamaSutra condoms and surgical
gloves.
Our Joint venture with MOB Outillage
SA, manufacturing files and rasps for
international

Raymond's third worsted unit at Vapi in Gujarat. Raymond now has 3 state of
the art units with a combined capacity of 31 million meters of worsted fabric.

They have joined hands with UCO NV of Belgium, a leading producer of high
end denim to form a global denim company with a combined capacity of 80

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million meters manufacturing facilities in 3 continents and a global marketing
network.

They have set up three world class garmenting units near Bangalore – for the
manufacture of formal suits, jeans wear and dress shirts. These garmenting
units will act as forward integration to our textile business enabling us to offer
a complete solution to our customers from fabric to apparel.

They have also made an initial foray in the auto components industry,
acquiring controlling stake in an auto component manufacturing company,
Ring Plus Aqua Limited. We have also expanded our existing engineering
business through a JV with MOB, France which will manufacture files and rasps
in India for Indian and Global markets.

In keeping with our objective to provide complete wardrobe solutions for the
Indian male, we unveiled exclusive brand stores for Park Avenue, Manzoni and
Parx. Our acquisition of Color Plus is now complete. We have also expanded
our ‘The Raymond Shop’ network and set up an exclusive 10,000 sq foot
Flagship store for Raymond. Raymond also ventured into a new area for the
first time with a kids wear brand -- Zap!

Crossing the gender divide two of our brands - Park Avenue and Color Plus
recently launched the Western Women's wear collections. 'Park Avenue
Woman'- a complete range of Premium Business Wear for women is designed
specially for the working women professionals of today. Color plus Woman'- an
exclusive range of smart-casual clothing is inspired by the independent,
discerning and multi faceted women of today.

The sun has risen on another year for us at Raymond – a year ahead full of
exciting opportunities and a year that will see us marching on firmly towards
making the Raymond Group a force to reckon with in the global arena. The
Raymond philosophy is best conveyed through three key words – Excellence,
Quality and Leadership. We are confident that through our new initiatives we
will carve out a strong position for Raymond in the business area.

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PRODUCTION PROCESS FLOW

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SWOT Analysis of past training program
 STRENGTH
 Cost savings with more effective
group training.
 Training times crafted around
your schedule.
 The ability to address specific
employee training needs
 Reduced travel time with on-site
training
 Convenience - Programs are
delivered at a time, location and
pace that fit in with your
business schedule.
 Hand picked trainer/s that fits to
your training needs
OPPORTUNITIES
 Smooth working as training is
within the organization.
 Constant monitoring is possible
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WEAKNESS
 Passing an exisisting
inefficiencies or perpetuating
poor business practices
 Employees not taking it
seriously, e.g. They may to
attend because they think it
may be done another day
 The need to provide training
facalities such as PCs, room, etc.
 Employees not being entirely
honest about program
THREATS
 There will be a de motivation
among internal staff that they
are not considered as capable of
trainer.
 Scope of learning is limited
 Continuous observation will
make the employee to work
under pressure.
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Cost benefit analysis of training program, hiring an external

trainers
Cost Benefit Analysis:-
Cost Benefit Analysis or CBA is a relatively simple and widely used technique
for deciding whether to make a change. As its name suggests, you simply add
up the value of the benefits of a course of action, and subtract the costs
associated with it.
Costs are either one-off, or may be ongoing. Benefits are most often received
over time. We build this effect of time into our analysis by calculating a
payback period. This is the time it takes for the benefits of a change to repay
its costs

Contents of training program

A. Soft Skills & Behavioral Skills Training Programs
 Team building
 Communication skill

 Conflict management
B. Technical Training Programs
Microsoft excel
 Basic excel
 Advance excel

C. Safety and environment training

 Fire fighting

D. Workshops/Conference/ Seminars/Exhibitions

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 Presentation skill

SOFT SKILLS
Team Building

Few people work alone in today’s work environment. We all depend on others
to get our work done. We are part of teams, work groups, ad-hoc committees,
task forces, crews, etc. Collectively, we generate ideas, manufacture products,
provide services, sell goods and much more. Our ideas and efforts combined
with the ideas and efforts of others result in performance excellence and high
quality products and services.

Team Building for Success provides the necessary tools to prepare any team
for results oriented performance. The participants go through a series of
exercises exploring and learning:
 Behavioral styles
 Interpersonal communication/listening skills
 Conflict management
 Giving and receiving feedback
 Building trust
 Delegating
 Planning: resources and time
 Risk taking
 Problem solving
 And getting to know each other better in a safe environment.

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Communication Skills

All Businesses talk about needing better communication skills, but often don't
know exactly what that means or they don't know how to go about making it
happen.

And without doubt, unless you are a company of one, at some point or
another, communication will go awry through no one's fault or intention - it's
just the way it happens.

You might have pockets of 'them and us': marketing vs finance, IT vs admin, HR
vs operations, consultants vs full time staff. You might have cross-functional or
virtual teams whose ability to communicate efficiently is vital.

If your business has groups of people who simply have to communicate more
effectively then giving them communication training may be just what you
need.

Communication Skills Training Objectives

 Raising Awareness
 Understanding Communication Dynamics
 Working with Body Language
 Dealing with Assumptions
 Working with Differing Points of View
 Understanding Patterns, Habits and Beliefs
 Developing Listening and Responding Skills
 Developing Individual Strengths and Qualities
 Understanding Active vs Passive Choosing
 Using Positive Reinforcement

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Conflict management: -

Conflicts are part of organization. Conflicts come up in organizations because

different mind sets come together for achieving same goals. So ideas clash and
personal goals also comes into picture.

Conflict Management Training objective:

 The Purpose of Conflict
 Getting to the Heart of the Problem
 Dealing with Uncomfortable Feelings
 Defining a Difficult Person
 Using Honesty and Agreement
 Turning Arguments into Discussions
 Defusing Blame
 Creating Win-Win: Achieving Resolution

Presentations skills

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Presentations skills and public speaking skills are very useful in many aspects of
work and life. Effective presentations and public speaking skills are important
in business, sales and selling, training, teaching, lecturing and generally
entertaining an audience. Developing the confidence and capability to give
good presentations, and to stand up in front of an audience and speak well, are
also extremely helpful competencies for self-development too. Presentations
and public speaking skills are not limited to certain special people - anyone can
give a good presentation, or perform public speaking to a professional and
impressive standard. Like most things, it simply takes a little preparation and
practice.
The formats and purposes of presentations can be very different, for example:
oral (spoken), multimedia (using various media - visuals, audio, etc),
powerpoint presentations, short impromptu presentations, long planned
presentations, educational or training sessions, lectures, and simply giving a
talk on a subject to a group on a voluntary basis for pleasure. Even speeches at
weddings and eulogies at funerals are types of presentations. They are
certainly a type of public speaking, and are no less stressful to some people for
being out of a work situation.
Yet every successful presentation uses broadly the essential techniques and
structures explained here.
Presentation Course Objectives:
 Exploring how presentation works
 Developing a unique individual style
 Understanding what happens in front of an audience
 Practicing a whole range of techniques
 Hints and tips for effective presentation
 Stretching your capacity to present
 Presenting with style, flair and presence

 M/S Excel Training:-

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Microsoft Excel (full name Microsoft Office Excel) is a spreadsheet application

written and distributed by Microsoft for Microsoft Windows and Mac OS X. It
features calculation, graphing tools, pivot tables and a macro programming
language called VBA (Visual Basic for Applications). It has been a very widely
applied spreadsheet for these platforms, especially since version 5 in 1993.
Excel forms part of Microsoft Office. The current versions are Microsoft Office
Excel 2007 for Windows and 2008 for Mac. In late 2009, Microsoft released the
beta version of Microsoft Excel 2010.

Firefighting training:-
Firefighting is the act of extinguishing destructive fires. A firefighter fights
these fires to prevent destruction of life, property and the environment.
Firefighting is a highly technical profession which requires years of training and
education in order to become proficient.

Total cost analysis

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Interpretation:-
Total cost includes following:-
 Total consultants fees
 Administrative cost
 Venue cost
 Travel cost
 Misc. cost
 Total consultant fees is the major part in the total cost. It consist of fees
of various consltants like Winsight, Madhav Mohan, Sharu Rangnekar
 Adminstrative cost amounts to Rs. 121,200. This cost includes Food &
Beverage, Local coveyance & Stationary.
 Venue cost amounts to Rs. 27,000 which is a diminutive part of total
cost.
 Travel cost amounts to Rs. 58,500
 Misc. cost is considered as 1% of total cost and it is least cost of total
cost. It amounts to Rs. 10,060. It includes This include sthe cost of
gifts, handouts, flowers, training peripherals, etc.

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Total fees analysis

Interpretation:-
 Safepro centre training & consultancy will provide the training on
firefighting. There charges are

 Winsigth consultants cover two types of soft skill training. There charges
amounts to Rs. 216000 and Rs. 120000 for team building and
communication skill respectively.

 Madhav mohan consultants will provides the training on conflict

management and negotiation skill. There charges amounts to Rs. 12000.

 Softech consultants will provides a training on two types of IT based

training . There charges amounts to Rs. 64000 and 80000 for Basic excel
and Advance excel respectively.

 Sharu Rangnekar will cover the presentation skill training.

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Topics & No. of participants analysis

Interpretation:-
 Team building will have 61 participants which are segregated into 3
batches, 20 participants in each batch.

 Communication skill will have 30 participants which are segregated into

2 batches, 15 participants in each batch.

 Conflict management training is provided to 42 participants which are

segregated into 2 batches, 21 participants in each batch.

 Basic excel consists of 36 participants which are segregated into 2

batches, 18 participants in each batch.

 Advance excel training will consist of 42 participants which are

segregated into 2 batches, 21 participants in each batch.

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 Majority of participants needed fire fighting training which for safety
purpose. It consists of 1047 participants which are segregated into 47
batches, 22 participants in each batch.

 Presentation skill has a least number of participants. It consists of 16

participants which are segregated into 1 batch.

Payback time
Payback time = cost/benefits
= 0.84038 = approx. 10 months

Note:- The payback time is often known as the break even point.

FINDINGS

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I as a summer internship trainee was chosen a project to prepare on cost
benefit analysis of in-house training program. Training program is conducted
by hiring outside consultants to make training effectual. Total investment in
training program is Rs. 1,222,760 and total benefit reap is Rs. 1455000.
Therefore, total investment in the training can be recovered within 10 months.

Recommendation:-
 There is should be continuous training program for communication skill.

 Majority of investment should be made for training of communication

skill.

 Appropriate investment should be made at right place so it can reap

maximum benefit.

Conclusion:-
Form the above research following conclusion has been
drawn:-
 SWOT of inhouse training was done, which has revealed that inhouse
training was not effective.

 There is need to fetch an outhouse faculty for the training as inhouse

training faculty was not viable.

 Training was given on soft skill & behavirol skill, technical skill and safety
and environment.

 So, the cost of entire training schedule was set to get a clear picture of
training.

Bibliography
 www.raymond.in
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 www.google.com

 www.scribd .com

 www.winsight .com

 www.safepro.com

 www.madhavmohan.com

 www.sharurangnekar.com

 www.softech.com

 Financial management by Prasanna Chandra

 Financial management by Khan and Jain

ANNEXURE

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