Professional Documents
Culture Documents
PROJECT REPORT
ON
HR PRACTICES OF NEW TEG ELECTRIC WORKS
Submitted in the partial fulfillment of the degree of
SUBMITTED BY:
ABBHINAV GUPTAA
03013401721
Under the guidance of
This is to certify that Project Report titled, “HR PRACTICES OF NEW TEG
ELECTRIC WORKS” is bonafide work carried out by ABBHINAV GUPTAA
Student of BBA, Ideal Institute of Management and Technology (affiliated to GGSIP
University, Delhi) in partial fulfilment of the requirement for the award of degree of
Bachelor of Business Administration, under my guidance & direction. To the best of my
knowledge and belief the data & information presented by her in the project report has
not been submitted for the award of any other degree.
ACKNOWLEDGEMENT
I am writing this final Project for the program of Bachelor of Business Administration
(CAM) on “HR PRACTICES OF NEW TEG ELECTRIC WORKS for Ideal
Institute of Management and Technology, affiliated to Guru Gobind Singh Indraprastha
University.
It has been a great challenge but a plenty of learning and opportunities to gain a huge
amount of knowledge on the way of writing this project report. I could not have
completed my project without the constant guidance of DR. JASMANDEEP KAUR”
our faculty guide, who helped me along the way and was always prepared to give me
feedback and guidelines whenever I needed it.
[ABBHINAV GUPTAA]
[BBA GEN-5]
CONTENTS
REPORT STRUCTURE:
I Cover and Title page
TRAINING CERTIFICATE
CERTIFICATE
Acknowledgement
Table of contents
CHAPTER-1 Introduction
2.1 Objective of the study
2.2 Literature review
2.3 Research Methodology:
•RESEARCH PROBLEM
SCOPE OF STUDY
•Sample size, TECHNIQUES.SAMPLING AREAS
•Methods of data collection
BibliographY
Annexure
CHAPTER -1 INTRODUCTION
OBJECTIVE OF STUDY
LITERATURE REVIEW
Here’s an in-depth description of what the HR department does (or what they should be
doing) to meet the needs of employees. To make sure your company has an exceptional
HR department, see that it’s meeting these suggestions.
This is the most significant and primary process for formulating appropriate strategy for
the organization. This includes putting the right person in the right place according to his
skills and achievements. It starts with the recruitment and goes until the proper training
of the employee so that he becomes an asset for the company.
Therefore, effective human resource management is important for organizations and also
their employees. The most important objective of HRM is to facilitate an organization’s
employees in achieving their collective goals.
Uncertainty of future
The future of all business organizations largely remains uncertain. This is because many
social, political, technological and financial factors can affect their functioning. These factors
end up affecting HRM as well because they dictate employment.
Time-consuming
HRM generally requires managers to collect all sorts of information from employees
with respect to their functioning. Collecting all this data from all departments can be
highly time-consuming.
Expensive
In order to facilitate an organization in functioning effectively, HRM suggests solutions
like training, VRS, bonus, perks, etc. Therefore, implementing HRM solutions can be
highly expensive too.
Planning
Organizing
Directing
Controlling
(Fig 7 – Meeting)
Planning
A manager must plan ahead in order to get things done by his subordinates. It is
also important to plan in order to give the organization its goals. Also, planning
helps establish the best procedures to reach the goals. Further, some effective
managers devote a substantial part of their time to planning. With respect to the
human resource department, planning involves determining the personnel
programs that can contribute to achieving the organization’s goals. These programs
include anticipating the hiring needs of the organization, planningjob
requirements, descriptions, and determining the sources of recruitment.
Organizing
After the human resource manager establishes the objectives and develops plans
and programs to achieve them, he needs to design and develop the organization’s
structure to carry out the different operations. Developing the organization’s
structure includes:
Controlling
Controlling is all about regulating activities in accordance with the plans formulated
based on the objectives of the organization. This is the fourth function of the HRM and
completes the cycle. In this, the manager observes and subsequently compares the
results with the set standards.
Further, he corrects any deviations that might occur. Controlling is one of the important
functions of HRM as it helps him evaluate and control the performance of the
department with respect to different operative functions. It also involves appraisals, au
audit, statistics, etc.
HR trends
2020 has been a year unlike any other. COVID-19 has forever left its mark on
the way we live and work. Though at the time of publishing we’re still living
through the pandemic, we need to start preparing for a post-COVID world. In
this article, we will reflect on 10 HR trends we’re expecting in 2021 and
beyond.
Though some trends have been ongoing for a while now and have simply been
accelerated by the year’s developments, many are the inevitable result of drasticchanges
that organizations have had to go through, and in some cases, are still facing.
We’re kicking off our HR trends with a rather drastic development. One of themost
visible changes in 2020 was the global overnight shift to remote work formuch of the
workforce. Though working from home had already become an increasingly common
occurrence for knowledge workers before the start of the pandemic, there weren’t
many organizations with a decent work from home policy in place—orthat were ready
to go fully remote in a matter of days.
What’s more, the differences between countries in terms of work from home readiness
were notable. In the Netherlands, for example, it was rather common for organizations
to give their office workers the possibility to work from homea few days a week, while
in France this was much less the case.
While we don’t expect the pandemic to transform every single company that hasthe
possibility to become fully distributed to do so, we do believe that working from home
(or anywhere else, once social distance measures are lifted) will remain an important part
of how we work.
1. Rethinking HR
A logical consequence of the increase in at-home workers (apart from a spike in office
furniture sales and Zoom accounts) is the push for HR to rethink many (if not all) of its
practices. As such, the shift to remote work has an impact on several other HR trends.
Activities like recruiting and onboarding are forever changed. These activities, as well as
performance management and even firing decisions, have relied on in-person
conversations. HR needs to reinvent current practices to effectively deal with these
situations in a digital world.
which manifest in two ways: First, if your HR department still uses paperwork, it
should be digitized. Second, if any of your HR work is repetitive, it should beautomated.
Both digitization and automation ensure that the HR professional maximizes efficiency.
Consider, for example, a supermarket chain that keeps paper records of its employee
records. Imagine, in an industry that experiences such high turnover,how much time an
HR professional wastes at both ends of an employee’s lifecycle simply hunting through
paperwork! And imagine the frustration and headaches that a lost contract—one single
piece of paper—could cause.
Making the necessary transition to effortless shared services leads to a
betteremployee experience and increased customization.
The shift we’ve seen this year in the way many of us work inevitably leads
toemployees creating their own optimal work environment. They arrange their work
space at home as they see fit, they might work outside traditional officehours if that
suits them better, and while some people may feel the need to check in with their
colleagues for a Zoom coffee each day, others may preferdoing so once a week.
When it comes to the actual work employees do, it seems natural that they’ll want to
make some (small) adjustments there, too. This is where a concept suchas job crafting
comes in.
Job crafting is aimed at improving people’s jobs for the benefit of both
theemployee and the organization. It’s a technique that enables employees to
improve their job in five different ways; in terms of tasks, skills, purpose,
relations, and wellbeing.
3. Acing analytics
Analytics is one of those oft-repeated topics we’ve seen on HR trends lists over the last
few years. Although people analytics is gaining a solid foothold in manyorganizations,
the impact of their findings is often still lacking. We have three recommendations for
organizations looking to ace analytics.
4. Measure data that matters. Although HR tracks a lot of data, often there is a
gap in the areas that add the most value. A key concern for CEOs is leadership;
HR tracks very little data in that regard. Other examples include training &
development and performance management. Tracking value- adding data
relatedto key problem areas of the organization will create more return.
5. Redesigning systems. The fact that we collect little data on key topics, is
indicative of a lack of strategic integration of our HR systems. We need to
havesystems in place for those areas that help drive the business. This can be a software-
based point-solutions or can be inquired about through regular surveys. If that is the
case, they should be managed by a strategic HR survey management unit.
6. HRBP capabilities.
The single point of failure in organizations is not the people analytics team, it’s the
HRBP who struggles to leverage data and peopleanalytics insights to make change
happen. HRBPs should be taught to read, understand, and communicate data as
information for this to be solved. By gathering and assessing data in this way, HR will
be able to ace analytics and it will have its own place between the different HR Centers
of Excellence.
RESEARCH METHODOLOGY
In order to contract the report, I have collected necessary information from two
sources
Primary Sources of Information
Secondary Sources of Information
Recruitment
It is a positive process of posting job openings and attracting
prospective employees to apply for their desired job openings in an
organization so that the eligible candidate can be selected.
Selection
Selection is quite a necessary process in HRM. It involves eliminating
the unsuitable candidates through the process of tests or interviews and
identifying the suitable ones, which are the best fit for the positions.
Hiring
This entails to the process of officially offering the job to the ideal
candidate and giving them the date of joining.
Performance management
There should be proper management of the work done and the future
goals. Performance management refers to appraising the performance
of the employees and enhancing it. For such a management, it is
necessary to encourage the employees so as to raise their confidence
levels. This can be done by providing them with fair rewards so that
they work in their optimum productivity levels.
Employee Relations
There should be a sound relation between the employee and the
organization. There are various factors which motivate as well as
demotivate the employees to stick with the organization. These factors
include working environment, labor law and relations, compensation,
etc. The employers must ensure all these factors to build employee
relationships that in turn garner better employee retention.
M/s New Teg Electric Works having its registered office and works at D-8 A RIICO
Industrial area phase -1 was established by Mr. Shanti. Lal baid in the year
2002,having experience in the transformer industry for more than 30years. From a
modest start in a small shed, the unit has grown into one of the established Brand,
leading and quality conscious units , manufacturing kinds of electrical transformer
including power & distribution transformers.
OUR SERVICES
OUR PRODUCTS
DISTRIBUTION TRANSFORMERS
Distribution transformers are vital components in electrical power distribution systems. They
serve the crucial function of stepping down high-voltage electricity from the transmission
grid to lower voltage levels suitable for consumption by households, commercial buildings,
and industrial facilities. These transformers are typically located near the point of end-use to
minimize voltage drop and improve efficiency. Distribution transformers come in various
sizes and capacities to accommodate different load requirements. They consist of a core made
of laminated steel to minimize energy losses and winding coils that facilitate voltage
transformation. Some distribution transformers also feature built-in protective devices for
overcurrent and overvoltage conditions. These transformers play a vital role in ensuring
reliable and efficient power distribution to meet the energy needs of communities and support
economic activities. Regular maintenance and monitoring are essential to prolong their
lifespan and prevent disruptions in the power supply.
POWER TRANSFORMERS
OTHER FIRMS
MADHU ELECTRICALS
M/s Madhu Electrical having its registered office and works at D-8 A RIICO
Industrial area phase -1 was established by Mr. Shanti. Lal baid in the year
2012, having experience in the transformer industry for more than 30years.
From a modest start in a small shed, the unit has grown into one of the
established Brand, leading and quality conscious units, Repairing kinds of
electrical transformer including power & distribution transformers.