[HUMAN RESOURCE

MANAGEMENT]
[Assignment 3]

NISHANT KUMAR SINGH

MBA 3
2019-1507-0001-0010

Submitted to: - Dr. Aditi A.

Contents

Sector: - Services........................................................................................................................................................................... 2
About Company: - IITIAM System Pvt. Ltd...................................................................................................................................... 3
Products: -..................................................................................................................................................................................... 3
Main customers of Ittiam Systems are:....................................................................................................................................... 4
Business Model: -.......................................................................................................................................................................... 5
HR Functions: -.............................................................................................................................................................................. 6
HR Practices: -............................................................................................................................................................................... 6
JD & JS (Sr. Finance Executive) of Ittiam Systems: -......................................................................................................................... 6
Job Specification:....................................................................................................................................................................... 7
Recruitment & Selection Process:.................................................................................................................................................. 7
Recruitment sourcing strategy:.................................................................................................................................................. 8
Employer career planning.............................................................................................................................................................. 8
Training Methods:......................................................................................................................................................................... 9
Key Responsibilities Areas:.......................................................................................................................................................... 10
Key Performance Indicator........................................................................................................................................................... 10
Performance Appraisal:............................................................................................................................................................... 10
Individual Goals Worksheet......................................................................................................................................................... 12
CTC (Cost to Company):............................................................................................................................................................... 14
 ITTIAM SYSTEMS PVT. LTD.

Sector: - Services
About Technology Services: - Technology services are services that make use of modern technology.
Examples include Internet service providers (ISPs), Web hosts, and technical support companies. Since many
technology services are related to information technology, they are sometimes called "information technology
services," or ITS. However, other services like graphic design, audio/video production, and scientific
engineering also fall under the scope of technology services. Therefore, while technology services are often
related to IT, they may be associated with other forms of technology as well.
In the IT industry technology services are delivered according to business or enterprise requirements. Service
range from basic internet connectivity to enterprise application software. Technology service providers
including internet service provider, Application service providers, cloud providers and developers.
Technology services include: -
 Software development, Integration and maintenance
 Hardware
 Networking Integration, management and maintenance
 Information Security
 IT Management consultant
 Mobile Services
 Web Applications
Key Points: -
 The so called technology sector refers to companies involved in the research, development and
distribution of technologically based goods and services.
 The technology sector is often the most attractive investment destination in any economy

The Information Technology & Information Technology Enabled Services (IT-ITeS) sector is a field which is
undergoing rapid evolution and is changing the shape of Indian business standards. This sector includes
software development, consultancies, software management, online services and business process outsourcing
(BPO).

The IT-BPM sector in India stood at US$177 billion in 2019 witnessing a growth of 6.1 per cent year-on-year
and is estimated that the size of the industry will grow to US$ 350 billion by 2025. India’s IT & ITeS industry
grew to US$ 181 billion in 2018-19. Exports from the industry increased to US$ 137 billion in FY19 while
domestic revenues (including hardware) advanced to US$ 44 billion. IT industry employees 4.1 million people
as of FY19.

Spending on information technology in India is expected to reach US$ 90 billion in 2019.

Revenue from digital segment is expected to comprise 38 per cent of the forecasted US$ 350 billion industry
revenue by 2025.
About Company: - IITIAM System Pvt. Ltd.

Ittiam Systems is a venture capital funded technology company founded by ex-Managing Director of Texas
Instruments' India Srini Rajam in 2001. It is headquartered in Bangalore, India and has marketing offices in
the United States, UK, France, Japan, Mainland China, Singapore and Taiwan.
Ittiam Systems is India's first technology firm to be based on licensing of intellectual property (IP). Revenue is
mainly generated through licensing of its DSP intellectual property and reference designs.

Type: Venture Capital funded

Industry: Digital Signal Processing
System
Founded: 1 January 2001
Headquarter: Bangalore, India
Key People: Chairman & CEO {Srini
Rajam}
Revenue: US $20m
No. of Employees: 250+ employee

Ittiam is a trusted solutions provider to world leaders in video, enabling next-generation experiences through its
suite of intelligent video technologies and solutions. Backed by our proven video expertise and insights, our
products deliver real intelligence to solve our customers’ most complex technology challenges. Our success in
achieving the best performance, efficiency, agility and reliability makes us your ideal technology partner.

Products: -
1. Audio
 Audio Codecs
 Audio effect and processing
2. Video
 i264 H.264 Encoder
 i265 HECV Encoder
 VP9 Encoder
 Professional Decoders
 Consumer Video Codecs
 3. Automotive Solutions
 Infotainment & Connectivity
4. OTT Solutions
 THINKode

Main customers of Ittiam Systems are:

Business Model: -

Key Key Value Customer Customer

Partners Activities Propositions Relationships Segments

 Resellers  Services  Dedication to  Personal Service  Large

every client -24/7 services Companies
 Software/  Software Success -personal Sales
force  Software and
 Hardware  software to Video
 Hardware
Businesses deliver solution to  Communities Streaming
 Research & different -Online Forums Industries
Development businesses
 Google
 Technical
 Netflix Key  Services Channels Industries
Resources specialized in
helping IT in  Direct sales
 Sony  Media
business
 Brand
 Samsung Strength  Social Media/  ……..
 Personal Advertisement/
responsibility in
 Huawei  Hybrid cloud all relationship
Websites

 Dolby  Innovation

 Digi well

Cost Structure Revenue Streams

 Staff  Licensing of embedded systems

 New Product Development  Licensing of silicon IP system offering
 Office & Fixed Assets  Customization NRE model
 Marketing
HR Functions: - HR (human resources) is an organization's department responsible for hiring, training and
maintaining employees. These professionals create policies and ensure employees are satisfied with their job. In
a small software company, HR plays a key role in the recruitment of highly qualified software professionals.
 Manpower management
 Recruitment & Selection
 Training & Development
 Performance Appraisal
 Promotion
 Transfer and Demotion
 Welfare activities
 Compensation
 Labor law compliance
HR Practices: - HR Practices in Ittiam Systems:
 Safe, Happy & Healthy Workplace
 Open Book Management Style
 Performance linked bonuses
 360-degree performance management feedback systems
 Fair evaluation system
 Rewards
 Training policies
 Mutual Admiration

JD & JS (Sr. Finance Executive) of Ittiam Systems: -

Company: - Ittiam Systems

Designation: - Sr. Finance Executive
Location: - Hubli, Karnataka
Salary: - 8 lac CTC
Job Description: -
 Through and practical knowledge of GST compliance, return filing, Scheme of entries
 Hands-on experience in Tally & MS Office
 Statutory compliance: PF, TDS
 Monitoring collections, calculations & input accounting entries
 Performing Bank Reconciliation in tally
 Understanding of accounting principles and accounting standards
 Experience of Management Information Reporting
 Prepare Monthly Cash Flows
 Monthly budget forecast
  Can handle Procure to Pay process
 Can handle sales invoicing
 TDS reconciliation
 Withholding Tax (TDS) deduction / payment / return / certificate

Job Specification: -
Qualification and Experience
We are hiring Sr. Finance Executive with below mentioned mandates:
 Experience: 1 to 2 years
 Qualification: B. Com/M. Com/MBA (Finance)
 Skills: Minimum of 2 years of experience in accounting in statutory Payments, Audit, Budget,
Transfer Pricing, GST compliance, Management reporting, Statutory payments, Management
reporting

Skills and Competencies

 TDS
 Return Filing
 Sales Invoice
 GST Compliance
 Management Reporting
 Budgeting
 Accounting Standards
 Statutory laws
 Cash flows
 Tally
 Taxation
 Finance

Recruitment & Selection Process: -

The recruitment process includes –

 Sourcing of resumes through consultants, online applications and employee reference scheme.
 Post this preliminary screening is conducted via the HR, followed by the department head interview and
tests.
 This is followed by sanctions by the appropriate authority based on merit and justification.
 Final process is of document verifications before handing over the offer letter.
Recruitment sourcing strategy:

 Personal data of candidates and data bank maintain by the HR. department.
 Campus Recruitment.
 Company’s own website.
 Placement consultants.
 Advertisement in the newspapers like Times of India, Gujarat Samachar.
 Employee reference

 The selection process of the company consists of 3 rounds. These rounds are as
follows:
• Round 1: The first round consists of 60 Multiple Choice Question. There is no negative marking. This
test would cover the following topics.
• Round 2: In this round, they asked the technical questions from Finance, Account, Accounting, Banking,
Bank reconciliation, TDS.
• Round 3: This is speed testing round i.e. How fast the candidate is on his computer while doing required
works
• Round 4: The third round is HR interview. Students who clear the technical round are eligible for this
round.
There are seven main stages to the procedure:
• Pre-advertisement
• Placing advertisements and dealing with enquiries and applicants
• Short-listing
• Interviewing and selection
• Post-selection procedures
• Induction
• Monitoring

Employer career planning

 Senior financial executive is responsible for the collection and analysis of financial information for
businesses.
 He may also be responsible for supervising associate, accounting employees.
 Employers prefer candidates with graduate degrees and professional certifications. Government
regulations may also require licensure as a Certified Public Accountant. They are required to assist
executive staff by providing essential financial reporting and guidance.
 They are expected to report costs, productivity, margins, and expenditures and offer financial
recommendations.
 Senior financial accountants may supervise a team of junior accounts, requiring
leadership, human relations and managerial skills.
Training Methods: -
 Learning through Doing
 External Training Courses supported by the organization
 External continuing professional development (CPD) supported by the organization
 In-house education and training face to face
 Knowledge Sharing
 In House education and training using technology
 Knowledge sharing and using technology

Training Calendar
WEEK Training Program Date Day
Policy & Procedure 1-May-20 Friday
WEEK - 1
2-May-20 Saturday
Grooming & Discipline
4-May-20 Monday
Career Progression 5-May-20 Tuesday
Code of Conduct Training 6-May-20 Wednesday
WEEK - 2
Sexual Harassment Sensitization Program 7-May-20 Thursday
8-May-20 Friday
SOP 9-May-20 Saturday
11-May-20 Monday
12-May-20 Tuesday
13-May-20 Wednesday
WEEK - 3
Skill Based Training 14-May-20 Thursday
15-May-20 Friday
16-May-20 Saturday
17-May-20 Monday
Need Based Training 18-May-20 Tuesday
19-May-20 Wednesday
WEEK - 4
20-May-20 Thursday
Training & Development
21-May-20 Friday
22-May-20 Saturday
Quality Training
23-May-20 Monday
24-May-20 Tuesday
Financial Training Program
25-May-20 Wednesday
WEEK - 5
Training & Awareness 26-May-20 Thursday
27-May-20 Friday
Environment & Health Safety
28-May-20 Saturday
Key Responsibilities Areas: -
 Updation of data and maintenance of accounts in Tally
 Finance & Accounting responsibility
 MIS report to Management
 Bank related activities - monthly billing for customers
 Various Tax compliances
 TDS compliances
 STP bonding report
 Supporting HR and Logistic operations
 Prepare plans of action for investment based on financial analyses

Key Performance Indicator

 Accounts Payable
 Controller Group (Accounting & Reporting)
 Treasury
 Internal Audit and Compliance
 Account Receivable
 Budgeting & Forecasting
 Payroll
 Expense Management
 Tax
 Financial Budgeting
 Revenue Process Management
 Business Operations

Performance Appraisal: -

 General Appraisal

It is an ongoing communication between the manager and the employee throughout the year. End of the
year, they will determine if the pre-set goals and objectives were met, provide feedback and set new
goals.

 360-Degree Appraisal

It allows other employees to provide feedback about their experience with a specific employee. This
feedback of peers can be reviewed by manager and considered for appraisal process.
 Technological Performance Appraisal

It assesses technical expertise/capabilities of an employee. It figures out employee throughput and

identifies how sound he/she is technically.

 Employee Self-Assessment

The employee assesses himself/herself and it is finally compared with the manager’s completed
assessment results. It is followed by discussions and if there are differences, manager speaks to the
employee about it.

 Manager Performance Appraisal

In this type, managers go through the appraisal process. It is the role of the manager that is very crucial
handling both the team and the client. Manager has to satisfy the clientele without disrupting the
(team’s) employee morale. Most often manager appraisal process involves feedback from the respective
team members and sometimes from the client as well.

 Project Evaluation Review

This is one of the best ways to identify how good an employee is at work. Rather than to wait to review
an employee end of the year, it helps evaluating employees end of each project.

 Sales Performance Appraisal

A sales person is judged by the goals he/she has set versus his/her results. Salesmen are closely held to
the financial goals of any organization. The manager and salesperson must find out ways to achieve
goals prior to which they must set realistic goals.
Individual Goals Worksheet

Name: ________________________________________ Date: __________

Position: ____________________ Company/Office: ____________________

1. Goal:

Year-end comments:

2. Goal:

Year-end comments:

3. Goal:

Year-end comments:

4. Goals:

Year-end comments:

5. Goal:

Year-end comments:
 6. Goal:

Year-end comments:

7. Goal:

Year-end comments:

I have read and understand my goals.

Employee: _____________________________________ Date: __________

CTC (Cost to Company): -
CTC: - 8 lac
Fixed Salary: - 8 lac
CTC Breakup
Approx.: -
House Rent: - 13,333 per month
Medical Insurance Premium: - 600 per month
Basic Salary: - 20,000 per month
EPF: - 1800 per month
HRA (as in pay slip): - 1,20,000 per anum
Income Tax: - 2,595 Per month
Take Home Salary: - Rs. 59,020- Rs. 60,509 per month

THANK
YOU