Professional Documents
Culture Documents
EXECUTIVE SUMMARY 3
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CHAPTER 4 CHALLENGES 37-41
4.1 LEARNER’S EXPERIENCE 38
4.2 THEORITICAL AND PRACTICAL ASPECTS 40
CONCLUSION 45
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EXECUTIVE SUMMARY:-
ATCS Assignment Private Limited company is accounting and corporate tax advisor
including legal matters. It was founded on 05 June 2017. It deals with various customers as
well as other companies. It is classified as non-government company and is registered as
registrar of companies, Mumbai. It also conducts various CSR activities. They not only built
good relation with employees but also with customers. Their goal is to expand the business
and give their best services to customers.
Employees are considered as an heart of the organization. Employees motivation has been a
major concern of organizations and human resource managers for many years, it has been a
key indicator of a successful and productive employee. A motivated employee generally is
more quality oriented. Every employee’s values, beliefs, background, lifestyle, perception
and attitudes are different. HR manager must understand these and he must be clear about the
ways of motivation. HR responsibility towards the employee is not only to motivate them to
perform high then their physical and mental capabilities but also to keep them satisfied.
Motivating people to perform better and thus to achieve organizational objectives has been
the greatest challenge to managers. Its HR manger’s role to give employee special tasks, to
make them feel more important. When employees feel like they are being trusted with added
responsibilities, then they are motivated to work harder and they won’t let the company
down.
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CHAPTER 1:- ORGANISATION INTRODUCTION
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CHAPTER 1 :- ORGANISATION INTRODUCTION
ATCS company is a reputed company and it has good corporate image in the market
place so it was been selected. ATCS is the smallest company in the Mumbai. It has a
strong presence in recruiting employees.
I have selected ATCS company as it is smallest company and one to one attention is
given there. So for getting an opportunity for improving and nourishing my
knowledge and skills about human resource and finance sector. I also needed the work
experience which I have got from there.
I also heard that ATCS company provides quality worth and wonderful internship
which helps to enhance the knowledge and skills.
I also researched about the company in detailed and found that it is one of the best
company which has its best HR policies and wonderful services provided there.
Motivation is the important tool which is used in ATCS company.
To learn soft skills which are needed in the workplace and in leadership position.
To learn and identify the formal and informal structure, and also to learn how to work
in a team, develop interpersonal skills, engage and motivate each other to complete a
task and resolve conflicts.
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1.2 COMPANY PROFILE :-
CIN No.-U74999MH2017PTC295764,GSTIN:-27AAPCA6610A1ZZ.
Office No.01 & 02, 1st Floor, Aniket Building, Next to Madhavshram Building, Shiv Mandir
Road, Dombivali East – 421204.
Email ID:-atcspvtltd@gmail.com
ATCS Assignments pvt. Ltd Company is a Accounting and Corporate Tax Advisor including
Legal Matters.
Following are the consultant of our company which give valuable output.
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DETAIL PROFILE OF COMPANY’S TEAM CONSISTS OF:-
Co-founder and Managing Director of ATCS Assignments & Pvt. Ltd. Mr. Abhijeet C.
Yewale is a CA-Inter, GDC & A and a master of Commerce from University of Mumbai. He
has good exposure in Financial Accounting, Project Report & Tax Audit of individuals,
Partnership firm & company, he has an experience as an auditor of co-oprative credit
societies and bank audit, Handling various Stock Audit and UIDAI (Adhar Centers Audit at
North India) assignments. He is handling the work of various government departments for
TDS return filling on timely basis Expertise knowledge in TDS Notice clearing work, filing /
Rectification of Income Tax return and core competencies in the areas of Indirect Tax i.e
GST.
Co-founder and Director of ATCS Assignments & Pvt. Ltd. Mr. Mukesh M. Sonavane is
qualified Chartered Accountant and an Associates member of ICAI and a Bachelor of
Commerce from University of Mumbai. He is serving the profession since 2011. His
expertise lies in the area of Internal audit, Government Audit, Statutory Audits, Tax Audit of
various Construction Company Chemical Company, R & D Company and Tours & Travels
Business, Textile Company-100% Export of Garments and Bank Audit, his core
Competencies have been in the areas of Indirect Tax i.e GST and also Work related to
Transfer pricing.
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ATCS Assignments PVT LTD Company is a Accounting and Corporate Tax Advisor
including Legal Matters.
BANK AUDIT :
Preparation of Audit plan and ensure completion of the same within the time.
Analysis of Revenue Booking System
Participating in finalization of accounts.
Preparing all Bank audit reports including branch report.
GOVERNMENT AUDITING
OTHERS :-
Preparing Transfer Pricing Report furnished under Section 92E of the Income-tax
Act,1961.
Drafting of Statement Pursuant to Section 115JB, of income tax act,1961 relating to
companies MAT Calculation.
Preparing & Finalization of Balance Sheet for various Employee Gratuity &
Superannuation Trust.
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1.3 WORK CULTURE:-
OUR VALUES:-
HONESTY
TECHNOLOGY TRUST
VALUES
QUALITY TEAM
WORK
TRUST :- Always keep trust worthy relation with employee which will help them to
retain in organization and that will beneficial to organization.
TEAMWORK :- In the company the manager must take care about the employee
and should work together in a team in efficient and appropriate Manner.
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QUALITY :-The company’s main aim is to provide best quality to the customer,
because the company’s reputation is depend on quality of the product and services.
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1.4 ORGANISATION STRUCTURE:-
DIRECTORS
MANAGER
HEAD OF DEPARTMENT
EMPLOYEES
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1.5 TYPES OF SERVICES PROVIDED BY ORGANISATION:-
ATCS
COMPANY
SERVICES
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Online Filing of Form No.35- Appeal to Commissioner (Appeals)
Online Rectification of Income Tax Returns
Submitting online Refund Reissue Requests of Income Tax
FORMATION OF COMPANY:
Obtaining Director Identification Number (DIN) for Directors of a company.
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Filing of necessary Forms required for formation of a company and obtaining
Certificate of Incorporation.
Preparation of Memorandum of Association (MOA) & Articles of
Association (AOA).
OTHER SERVICES:
Obtaining MEME Registration
Accounts writing & Finalization of Accounts
Creation of HUF
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Obtaining PTRC & PTEC Registration Certificate
Preparation and Submission of Documents for obtaining Registration u/s 12A for
Charitable Trusts.
Preparation and Submission of Documents for obtaining Registration u/s 80G for
Charitable Trusts.
Filing of Annual Returns of Trusts with Charity Commissioner.
Outsourcing the people for the vacant place.
LEGAL SERVICES:
Development Agreement
Leave and Licence Agreement
Agreement to Sale
Release Deed
Power of Attorney
Affidavit / Declaration
Conveyance Deed
Partnership Deed
WILL
Gift Deed
Memorandum of Understanding (M.O.U.)
Deed of Settlement
Deed of Cancellation
Title and Search Report
Lease Deed
Any other Property Matters
Trust Deed
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1.6 SWOT ANALYSIS:-
STRENGTH WEAKNESS
ATCS
COMPANY
THREATS OPPORTUNITIES
STRENGTHS :-
- Professional Employee
- Well Diversified Plan
- Expertise at Partner Level in HRM Consultancy
WEAKNESS :-
OPPORTUNITY :-
THREATS :-
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CHAPTER 2:- LEARNING OBJECTIVE
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CHAPTER 2:-STATEMENT AND OBJECTIVE
2.1 LEARNING OBJECTIVE:-
To study the important factors which are needed to motivate the employees.
To study the tools and techniques of motivation.
To study the challenges faced by manager while motivating.
To study the impact of motivation on employees.
Explore why employees should be motivated.
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2.2 VISION AND MISSION
OUR VISION :-
To help the job seeker’s and provide best services and solutions to the client.
OUR MISSION :-
To develop skills of the employees and our customer satisfaction, and also provide
them superior value.
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2.3 INTRODUCTION OF MOTIVATION:-
ATTITUDE
GOALS SUCCESS
PERFORMANCE IDEA
MOTIVATION
SUPPORT SKILLS
APPRECIATION
It is true that aspects like staff recruitment, controlling, managing, leading and many more are
important for organization to be successful. Employee motivation is generally considered as a
core element for running a successful organization.
Motivation is derived from the word “Motive” which means an inner state that energies,
activates or moves and directs or channels behavior towards goals. The basic principal of
motivation is the performance of an individual depends on his or her ability.
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Motivating people to perform, higher than their normal physical and mental capacities, and to
keep them satisfied is a very complex function of management. Motivation is directly
proportional to productivity. If the employees are not motivated then they won’t be
productive. Also they will start seeking the another job if they feel unmotivated. It is a
planned managerial process, which stimulates people to work to the best of their capabilities,
by providing them with motives, which are based on their unfulfilled needs. As per human
psychology, at the end employees want to feel special an unique. Employees not only need
high payment, increase in salary rate but they also need appreciation, trust from management,
a positive and healthy work environment
Motivation describes the wants or needs that direct behavior towards a goal. It is an urge to
behave or act in a way that will satisfy certain conditions, such as wishes, desires, or goals.
When the employees have abilities and desire to accomplish given task organization becomes
successful. The process which initiates, guides and maintain good-oriented behaviors is
motivation. It involves the biological, emotional, social and cognitive forces that activate
behavior. Motivation, therefore, plays a very important factor and ensures employees remain
active and contribute their best towards their organization. Furthermore, a high level of
motivation leads to a lower level of employee turnover.
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2.4 MEANING & DEFINITION:-
MEANING:-
Motivation is an important factor which encourages person to give their best performance and
help in reaching enterprises goals. A strong positive motivation will enable the increased
output of employees but a negative motivation will reduce their performance. A key element
in personnel management is motivation. Self-realization is very important thing. It is our
basic nature to nurture something and see it flourish, it is applicable to most things we do in
our day-to-day life. This is true for both social and societal spaces. Motivation plays a very
important factor in a human’s life. Whether it is about improving ourselves or our
organization’s performance. Motivated employees don’t need to be told how to get things
done, they take initiatives, are eager to take up additional responsibilities, are innovative and
go-getters. Motivated employees ensures:-
DEFINITION:-
According to Berelson and Steiner, “A motive is an inner state that energizes, activates, or
moves and directs or channels behavior goals.”
According to Dubin, “ Motivation is the complex of forces starting and keeping a person at
work in an organization”
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2.5 IMPORTANCE OF MOTIVATION IN AN ORGANISATION:-
Motivation is an integral part of the process of direction. While directing his subordinate,
a manager must create and sustain in them the desire to work for the specified objectives.
Following are some importance of motivation in an organization.
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2.6 STEPS OF MOTIVATION:-
There are six steps of motivation. The steps are as follow:-
ENGAGE IN
SEARCHING RECEIVES REASSESS
INDIVIDUAL GOAL
WAYS TO PERFORMS REWARDS OR NEEDS
NEEDS DIRECTED
SATISFY NEEDS PUNISHMENTS DEFICIENCIES
BEHAVIOUR
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PERFORMS:-Employees fight vigorously for advancement may work on major
problems facing the organization in order to gain visibility and influence with senior
managers.
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When companies have unhappy, unmotivated employees, productivity and work relationships
may suffer as a result. For this reason, companies often spend a great deal of energy trying to
find out how to motivate their employee in best way. The tools companies use to motivate
employees ultimately depend on the dynamics of their entire employee workforce. Tools for
motivating employees fall into two basic categories. The first is external or extrinsic. These
tools deal with physical or monetary rewards, such as bonuses or child care. The second
category is internal or intrinsic. These rewards meet a psychological or personality need of
employees, such as feelings of validation or pride in a job well done. Following are the tools
and techniques that are used to motivate the employees:-
A. SKILL VARIETY
A. MEMBERSHIP &
B. TASK IDENTITY
SENIORITY REWARDS
C. TASK
B. JOB STATUS BASED
SIGNIFICANCE
REWARDS
D. AUTONOMY
C. COMPETENCY BASED
E. FEEDBACK
REWARDS
D. PERFORMANCE
BASED REWARDS
i. PROFIT
SHARING
ii. TEAM
REWARDS
iii. INDIVIDUAL
REWARDS
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REWARDS:-Each and every employee expects the rewards. Every employee gets
money and other benefits in returns of his availability, competencies and behavior .
The rewards are divided into four categories
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with gifts or special bonus. Due to which team members are been
motivated and helps them to reduce cost and increase employee efficiency.
JOB DESIGN:-HR specialist’s thinks that job itself as a source of motivation. Job
Design is the process of assigning a task to a job including interdependency of these
tasks job including interdependency of those tasks with other jobs. Some jobs require
limited skills and on other hand some jobs required highly trained professionals.
Richard Hackman and GR Oldham developed Job Characteristics Model to bring the
job close to the person. Job Characteristics have five chore job:-
A. SKILL VARIETY:- The degree to which a job includes difficult activities and
involves the use of multiple skills and talents of the employee
C. TASK SIGNIFICANCE:- The degree to which the job has a substantial impact on
the likes or work of other people.
D. AUTONOMY:- The degree to which the job provides on employee with substantial
freedom, independence and discretion in scheduling the work and determining the
procedure to be used in carrying it out.
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2.8 WAYS AND TIPS TO MAKE THE MOTIVATIONAL TECHNIQUES
WORK FOR EMPLOYEES:-
Almost all employees want to do interesting work, secure a good salary and earn recognition
for their contributions. But motivating employees taken more than money and an occasional
“thank-you”. It requires a strategy tailored to each worker’s needs. Happy workers are
productive workers. Motivating your employees doesn’t take a lot of flare or even a lot of
resources. As a small business owner, you need to maximize revenue and increase
productivity, which means you need your staff to work as efficiently as possible. Following
are the ways and tips to make the motivational techniques work for every employees:-
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manageable and it feels them that they are trusted. Marianne Adoradio, a silicon
valley recruiter and career counselor said “As long as the commute is not bad, some
people would rather go in to work”.
PUT MONEY IN ITS PLACE:- Dee Dipietro , Founder and CEO of Advanced
– HR Inc….described money as a “baseline”. An employee who demands a raise
might really be unhappy because his or her suggestions are being ignored.
HELP EMPLOYEES LEARN:- Griffen said , “kida today are really under
pressure to keep adding knowledge”, “It is very important for workers to keep
learning new skills on the job.
LET THEM KNOW YOU:- If you trust and depend on employees they will fill
those shoes sooner than you think. Let them know you trust them to do the best job
possible and they will rarely disappoint you.
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team for achieving the goal with an afternoon off, or a party etc. they will see that
your goals are realistic.
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CHAPTER 3:- YOUR ROLE DURING ORGANISATION
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CHAPTER 3 :- YOUR ROLE DURING ORGANISATION
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3.2 DEPARTMENTAL VISIT:-
FINANCE DEPARTMENT:-
Finance department includes controlling the expenditures and obligations (including the
operating expenses, debt, payroll) receipting and depositing all revenues. It also manages the
investments of the company. Work carried out by the finance department:
Cost control.
Billing and credit control.
Investment appraisal.
Ensuring compliance with relevant laws.
Handling tax issues.
Safeguarding assets through internal control.
Inventory management and control.
Business advisory function.
Writing accounting policy and procedure manually.
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Budgeting and budgetary control.
Hiring accounting and finance staff.
Working capital management.
Managing cash flow and liquidity issues.
MARKETING DEPARTMENT:-
Marketing department plays a vital role in promoting the business and missions of the
organization. It is the duty of the marketing department to reach out the prospects, customer,
investors and the community. They create an overarching image that represents the company
in positive light. Work carried out by marketing department.
Identifying and fulfilling the needs of the customers.
Track recent and monitor competition.
Create and transmit brand values.
Alignment of marketing activities with organizations objectives and also other
departments of the organization.
Launching of innovative products in the market.
Communication.
Helps to improve sales process.
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3.3 MY OBSERVATION:-
HR DEPARTMENT:-
As I was working with HR person I had observed that HR plays very
important role in every organization.
HR not only hires new employees for the vacant positions but also they
provide them training and development.
HR makes their staff understand their responsibilities through some
seminars and motivational lectures.
They have proper tools and techniques of motivating employees.
They also outsource their staffs as per their skills.
They also helps their staff to increase their performance.
FINANCE DEPARTMENT:-
After visiting finance person I observed that finance is the back bone of
the company as ATCS is accounting and corporate tax advisor.
It handles all the affairs related to finance i.e auditing, income tax
matters, GST matters, TDS matters.
It also managers and records all the financial data.
MARKETING DEPARTMENT:-
After visiting marketing person I observed that they have to study market
as per that they had to take decision about product and services.
They also have to create the image of the organization through
advertisement.
They not only have to deal with internal but also external factors while
launching a product in market.
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CHAPTER 4:- LEARNER’S EXPERIENCE
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CHAPTER 4. CHALLENGES
As internship was an opportunity for me to test drive a career without making any serious
commitments. It provided me an opportunity to grow and learn before I fully enter into
corporate world. Here are the things that I gained from an internship:-
Internship helped me to identify my strength and weakness and also the areas I needed
to improved.
It not only taught me how to work but also it raised my confidence level and built a
stronger positive attitude.
I also learned how to balance my personal and professional life.
I learned to be more professional to my work and to work in a team without focusing
entirely on myself.
I also developed my problem solving skill as internship introduces me to real work
life problems.
As I was introduced to the actual environment I learned work ethics.
Internship not only made me responsible to my work but also taught me to make my
own decisions and do my things on my own.
I also learned that hard work is important in organization but with it you must know
how to work smartly in an organization. As smart work not only saves your time but
also make you different from others.
I also got some basic idea of working of finance and marketing department.
As I used to work in HR department, I got the knowledge about HR department how
its works and motivates the employees. I also got to know how HR is important for
organization to acquire its objectives.
I not only learned some ways and tips to motivate employee but also some tools and
techniques of motivational.
I had also developed my presentation skills by giving presentation in motivational
lectures.
I had learned to utilize and manage my time properly by prioritizing my tasks.
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I also improved my communication and interacting skills.
I also studied some services of organization.
My internship was a grateful experience. It filled the gap between my theoretical
knowledge and real life practices. I had improved myself then before i.e I had learned
from my mistakes and will never repeat that mistakes again. I thoroughly enjoyed the
internship period in ATCS assignments PVT. LTD. I had successfully completed my
internship with lots of new knowledge and experiences
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4.2 THEORITICAL AND PRACTICAL ASPECTS:-
For me internship is my first brush with the real world. Till now what I have learned in the
books that I had implemented really. While doing internship I faced many challenges as:-
MINE FIRST DAY REACTION:- As it was the day of joining, I was well
dressed in formals as my best professional attire, because first impression matters to
me. I was excited but at the same time I was feeling nervous too. As it was my first
day in real corporate world.
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HOW TO BEHAVE IN CORPORATE WORLD:- It was a challenge for me
to maintain professionalism. As I was habitual of friendly and informal culture in
college so sometime I was confused in causal and professionalism.
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SUGGESTIONS FOR ORGANISATION
THE
CONSTANTLY
CHANGING
WORKFORCE
THE
INVISIBLE
EMPLOYEE
MOTIVES
A DIFFICULT
ECONOMIC
SITUATIONS
CHANGING
JOB
DESCRIPTION
WORKPLACE
CONFLICTS
NO ONE-TO-ONE
ATTENTION
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THE CONSTANTLY CHANGING WORKFORCE :- An organization
cannot keep the same employees forever, people come and go as per their satisfaction.
Each individual employee has their own set of beliefs and needs and you can rarely
find two of them who are alike. Therefore managers have a hard time understanding
how different their employees are.
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NO ONE-ON-ONE ATTENTION:- Sometimes manager fails to give one-on-
one attention due to:
A. No regular performance evaluation
B. Irregular one-on-one management meeting
C. Lack of personal goal setting.
D. The absence of regular feedback.
Resolve this problem by regular scheduling brief private appointments with staff to touch
base on both work and professional development issues.
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CONCLUSION:-
Employee motivation is very important for a successful organization, so the company should
focus on it in order to stay competitive in the market and avoid some problems such as
employee high turnover that will affect the business. Thus, effective motivational techniques
should be practiced at the workplace. The company must able to understand better ways to
motivate employees and the importance of employee motivation at work place. Due to which
the job satisfaction of employees will increase and then they will get motivation at
workplace. Motivator factors such as achievement, recognition, responsibilities and
advancement play an important role in motivating employees at the work place. For the
growth of employees proper training programs must be provided to them. Employees feel
valued when the company provides training program to strengthen their skills, they will be
motivated to put their efforts in attaining organizational goals. The work itself can also
motivate employees to work. Thus, employer should make the work interesting and let them
enjoy at the workplace in order to motivate them. An motivated employee can give you more
productivity and will help you to make your organization successful.
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BIBLOGRAPHY:-
WEBLOGRAPHY:-
https://www.zaubacorp.com/company/ATCS-ASSIGNMENT-PRIVATE-LIMITED
https://blog.smarp.com
https://inside.6q.io/employee-motivation-important/
https://www.yourarticlelibrary.com/human-resources/
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