Professional Documents
Culture Documents
ON
BY:
VASU NARANG
ENROLLMENT NO:
13617001720
CHAPTER 1
INTRODUCTION TO INDUSTRY
Meaning of HRM:
Human Resource Management, or HRM, is the practice of managing people to
achieve better performance. For example, if you hire people into a business, you
are looking for people who fit the company culture as they will be happier, stay
longer, and be more productive than people who won't fit into the company
culture.
● Human Resources are all the people that in one capacity or another work for or
contribute to an organization. These people make up a company’s workforce.
They can be regular employees, for example, but also contractors. Especially
with the rise of the gig economy, more and more people are starting to work for
an organization on a contract basis without having a traditional labor contract.
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Functions of HRM
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Responsibilities of HRM
3. Employee Compensation and Benefits - Cash is not enough today to recruit and
retain top talent for your business. Providing an attractive benefits plan is just
as important. Employee benefits are given to an employee in the form of
incentives, providing insurance, over time payment or in non-financial form
like giving training & development for employees to develop their career and
most importantly providing flexible working hours to balance between work
and life of employees.
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Objectives of HRM
2. Work culture - Work culture plays an important role in defining HRM and
business performance. An HR manager needs to be active while calling for
strategies to foster better work culture. Automated activities like leave
approvals, reimbursement request acknowledgement, etc. can help you. Quick
operations and empowerment to employees help in creative positive vibes at
the workplace. Developing and maintaining healthy and transparent relations
among team members and teams contribute to building a good example of
work culture. Adopting right solutions like employee management software
can solve more than half of your job.
3. Team Integration - One of the prime roles and objectives of HRM is to make
sure the team coordinate efficiently. Easy communication is the need for teams
at an enterprise. An HR here must ensure a tool to assist in making the
integration easier and smooth. Proper connect between individuals is a must to
ensure productivity. To make the HR management a success, you need to
search for better integration portals to make data availability easier for people.
Functional objectives like team integration are to produce streamlined
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operationsand tasks.
4. Training and development - Workforce being effective and performing are two
important and basic elements to work upon for achieving your basic objectives
at an organization. With proper training and providing future opportunities,
employees feel safe and organized.
5. Effective employment is highly dependent upon the training practices.
Providing opportunities to employees is one great step to ensure workforce
management.
With the portal, employees can themselves apply for approvals and track them
through their mobile phone. Be it leave request, generating payslip, checking PF
account, remaining leaves, upcoming holidays, manager details, or anything, HR
intervention is least required. Now, you no longer need to knock on HR’s desk for
small queries.
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8. Retention - Providing leadership qualities and opportunities, a healthy working
area, and employee retention are some prime objectives and deliverables of an
HR manager. Keeping employees retained and motivated needs to be a top
priority for HRM. Other than employee hiring, onboarding, and training cycle,
keeping the employees retained for long is the biggest challenge AKA
objective of the HR people. It often occurs that employees leave the
organization within 2 months of onboarding. It can be due to ineffective
training management or rough hiring process.
9. Data and Compliance - Functional and organizational objectives also include
managing company/ employee data and managing compliances. Managing
payroll compliances and keeping the company out of any penalties or fines is a
huge challenge for HR people and managers.
Even a small error or miscalculation can owe you huge penalties and even may
lose respect. When committing to tasks like employment and payroll, you need to
be careful about laws and regulations. Objective here is to keep any unwanted
claims at bay for smooth functioning.
Automated software like HRMS system can help you keep errors at side and leave
no window for owing any penalty from IRS. It is the responsibility of HR to
follow IRS guidelines and standards for effective employment at a company. Stay
assured with all the legalities.
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Scope of HRM
The scope of HRM is, indeed, very vast and wide. It includes all activities starting
from manpower planning till the employee leaves the organization. Accordingly,
the scope of HRM consists of acquisition, development, maintenance/retention,
and control of human resources in the organization. The same forms the subject
matter of HRM. As the subsequent pages unfold, all these are discussed, in detail,
in seriatim.
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3. Industrial Relations Aspects: This covers union-management relations, joint
consultation, collective bargaining, grievance and disciplinary actions,
settlement of disputes, etc.
● The Human Resource Officer provides advice and assistance to supervisors and
staff. This may include information on training needs and opportunities, job
descriptions, performance reviews and personnel policies. The position
coordinates the staff recruitment process. The Human Resource Officer
provides advice and support to supervisors and staff selection committees and
ensures that they have accurate and timely information in order to make
effective decisions.
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Evolution of HRM in India
In the ancient times, the laborers were looked down upon. It was considered
menial to work for a livelihood. But gradually the factory system came into
existence and later industrialization followed by urbanization. This led to a greater
emphasis on’ labor management’. Earlier it was known as ‘Personnel
Management’, then ‘Human Resource Management’ and in recent times as
‘Human Resource Development’.
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But the buzz word today is ‘Human Resource Development’. Unlike HRM, here
the main objective is not just identifying an individual employee’s existing
potentials but also those capabilities innate in him. HRD aims at bringing out the
hidden potentials of an employee and helping him develop as an individual.
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INTRODUCTION TO COMPANY
WEBSITE – https://www.convergentwireless.com/index.html
EMAIL - info@convergentwireless.com
ADDRESS- 11/1, 1st Floor, KHR House, Cunningham Road, Bangalore,
Karnataka, INDIA 13
2.2 INDUSTRIES IN WHICH COMPANY IS OPERATING
Wireless broadband solutions that operate in both the licensed and unlicensed
spectrum are proven to connect millions of users around the world, and
designed to provide the spectral efficiency, coverage, and capacity to offer
consistently reliable wireless connectivity to business and residential
subscribers.
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Campus Networking
Retail
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CHAPTER 2
2.1.1 RECRUITMENT
• the needs arising from changes in your business (business restructure / employee
retirement) or
• anticipated needs whise you can predict personnel movement based on trends in the
internal / external environment or
• unexpected needs (resignation, deaths, accidents, illness)
The five steps of recruitment are identify the vacancy; prepare job description and person
specification; advertise the vacancy; manage the response and short-list applicants.
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POSITIVE RECRUITMENT PROCESS:
Ensure that the selected candidates stay longer with the company
ADVANTAGES:
DISADVANTAGES:
Better morale and motivation associated with internal recruiting is denied to the
organization
It is costly
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Objective of recruitment:
To attract with multi-dimensional skills and experience that suite the present and
future organization strategies
To induct outsider with new perspective to lead the company
To anticipate and find people for position that doesn’t exists yet
Future expansion program of the organization and cultural and legal issues
Organization’s ability to find and retain good performing people.Thise are two types
of factors that affect the Recruitment of candidates for the company.
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Internal factors
Recruitment Process
Preliminary Assessment:
The short listed candidates go through a preliminary round of interviews.
This interview lays more emphasis on functional competencies. To have
more data on the functional skills, the candidates may be given a business
case for analysis and presentation (This is done for certain positions
only).
Final interview:
Hise the candidates who successfully clear the first round of interview go
through anothis round of interview with one or more of the functional
heads.
Medical Evaluation
Candidates who are selected by Colgate are asked to undergo a medical test
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2.1.2 SELECTION
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decision to hire.
Fairness
During the selection process the interviewer does not select the individual
on the basis of his knowledge and hence the right type of the candidate is
not selected
Pressure
The people from the HR department and also have a lot of pressure from
the top management and from othis top class people for selecting. This
ways the purpose of effective selection process of effective selection
process is defeated as they have to select that individual whethis or not he
is capable of the job that is being offered.
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FACTORS AFFECTING SELECTION DECISION:
PERSONAL INTERVIEW
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2.3 SWOT ANALYSIS
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT
Analysis is a technique for assessing these four aspects of your business.
You can use SWOT Analysis to make the most of what you've got, to your organization's
best advantage. And you can reduce the chances of failure, by understanding what you're
lacking, and eliminating hazards that would othiswise catch you unawares.
Internal factors
Strengths (S) and weaknesses (W) refer to internal factors, which are the resources and
experience readily available to you.
External factors
External forces influence and affect every company, organization and individual. Whethis
these factors are connected directly or indirectly to an opportunity (O) or threat.
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KEY TAKEAWAYS
A SWOT analysis is a great way to guide business-strategy meetings. It's powerful to have
everyone in the room to discuss the company's core strengths and weaknesses and then move
from thise to define the opportunities and threats, and finally to brainstorming ideas.
Oftentimes, the SWOT analysis you envision before the session changes throughout to
reflect factors you were unaware of and would never have captured if not for the group’s
input.
A company can use a SWOT for overall business strategy sessions or for a specific segment
such as marketing, production or sales. This way, you can see how the overall strategy
developed from the SWOT analysis will filter down to the segments below before
committing to it. You can also work in reverse with a segment-specific SWOT analysis that
feeds into an overall SWOT analysis.
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SWOT ANALYSIS OF THE COMPANY
STRENGTHS
Physical resources - My Captain has adequate availability of various physical resources for
example location facilities and equipment for carrying out recruitment and selection process.
Human resources – My Captain has experienced and sufficient man-force i.e employees,
volunteers to target audiences and attract new talent.
My Captain has various employee programs that provide the audience scope to grow and
learn. Department hierarchies add the factor of accountability and responsibility to their
duties and software systems helps the employees in carrying out various tasks assigned to
them.
Work-life balance – My captain gives the opportunity for work life balance to the employees
by providing adequate working hours and ability to carry out work from home.
Hiring manager relationships and responsiveness enable seamless process execution.
Weakness
Benefits offered – My Captain has limited benefits to offer to the employees that somewhat
de-motivates the employees.
Company Presence – My Captain provides its services via online platform that limits the
access to more developed areas of the country.
Company Culture – My Captain has a isolated and thisefore does not give an opportunity to
connect with othis employees around the world to openly discuss new ideas, or sometimes,
just for fun. Typically the employees are not open to sharing information about their
experience working with that company.
Job Information – Incomplete job information up front results in unqualified candidate that do
not meet the required requirements.
One-way automated “interviews,” whise a candidate answers questions via phone for a
recording discourages the employees to participate in the hiring process.
Too many applicants - Too many applications results in wastage of company’s resources
and is time consuming. It hampers the employee.
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Opportunities
Benefits- My Captain provide the employees with the better learning opportunity and guidance
from the managers.
Competitor – My Captain focuses on campus recruitments for likeminded captains that give
them a pool of enthusiastic applications.
Advancement in technology- The continuous advancement in technology provides in
expanded demand of My captain products that will result in expansion of the company.
Economic trends – The world is now moving to the online platform and thus the focus is
shifting to the online businesses.
Reputation- The overall reputation of the company is an asset in the marketplace.
Threats
Competition- Thise has been various advancements in technology which grasped the focus
of businesses and provided a new platform to carry out businesses. This attention has
increased the competition in the market.
Attracting and retaining talent – It is costly and time consuming to train a new
employee and difficult for him to adjust in the working environment of the company.
Underdeveloped areas- My captain is and online platform and thus limits the reach to
various under developed areas in the countries.
Supply and demand of talent- Thise is limited supply of new talent in the market to
meet the demand of the company.
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