Devesh Summer Training Report 40296788815
Devesh Summer Training Report 40296788815
Devesh Summer Training Report 40296788815
On
HUMAN RESOURCE DEVELOPMENT OF
MINDA CORPORATION LTD.
i
CERTIFICATE
ii
DECLARATION
This is to certify that I have completed the Summer Training Project titled HUMAN
RESOURCE DEVELOPMENT OF MINDA INDUSTRIES LTD. under the
guidance of Mrs. Mansha Arora in partial fulfillment of the requirement for the
award of degree of Bachelor of Commerce (Honors) at Kamal Institute of Higher
Education and Advance Technology, Delhi. This is an original piece of work and I
have not submitted it earlier elsewhere.
Devesh Kumar
40296788815
iii
ACKNOWLEDGEMENT
I wish to express my sincere gratitude to all those with whom I worked and whose
thoughts and inspection contributed towards the completion of this project.
I am overwhelmed to avail this rare opportunity to convey my profound sense of
gratitude to Mr. P.S. Baghel, [Manager- HRM] who provided me valuable guidance,
constant encouragement and strong inspiration in preparing this project report.
I also take the opportunity to express my thanks to various executives & staff
members of Minda Corporation Ltd., Noida, for providing me necessary information,
guidance and moral support during my study & enabled me to successfully complete
this project.
This project would not have started and much less completed without the
encouragement and support of my faculty guide Mrs. Mansha Arora without whose
valuable insights the project would not have seen daylight.
Finally, I would also like thank to all my dear friends for their kind cooperation,
advice and encouragement during the long and arduous task of preparing this report
and carrying out the project.
At last but not the least, I would like to acknowledge my dear family members whose
blessings, inspiration and encouragement have resulted in the successful completion
of the project.
iv
INDEX
CHAPTER CHAPTER NAME PAGE NO.
NO.
1 CHAPTER-1
INTRODUCTION & COMPANY PROFILE
1.1 Industry Profile 1
1.2 Company Profile 4
1.3 Introduction 22
1.4 Concepts of the study 23
1.5 Aim of human resource development 24
1.6 Strategies for HRD 24
1.7 Purpose of introducing & implementing HRD process 25
1.8 Function of HRD 25
2 CHAPTER-2
RESEARCH AND METHODOLOGY
2.1 Methodology 28
2.2 Type of research 29
2.3 Data Collection tool 29
-Primary Data
-Secondary Data
2.4 Objective of the study 30
2.5 Scope of the study 31
3 CHAPTER-3 33
DATA ANALYSIS AND FINDINGS
4 CHPATER-4 48
CONCLUSION AND SUGGESTION
5 BIBILIOGRAPHY 51
6 QUESTIONNAIRE 52
v
LIST OF PICTURE
SERIAL NO. PICTURE NAME PAGE NO.
1 Fuel Tank Cap 9
2 Ignition Switch Cum Steering lock 9
3 Latches & Cable 9
4 Tool Box, Helmet Lock, Seat Lock 10
5 Electronics-VLDU, Antenna, Immobilizer, 10
Card, Magnetic Module
6 Balance Sheet 20
7 Statement of P&L 21
vi
LIST OF TABLES
SERIAL NO. TABLE NAME PAGE NO.
1 Table 1 2
2 Table 2 32
3 Table 3 33
4 Table 4 34
5 Table 5 35
6 Table 6 36
7 Table 7 37
8 Table 8 38
9 Table 9 39
10 Table 10 40
11 Table 11 41
12 Table 12 42
13 Table 13 43
14 Table 14 44
15 Table 15 45
16 Table 16 46
vii
INDUSTRY PROFILE
Minda Automotive Solutions Limited (MASL) is the Group's specialist auto
component distribution and servicing Company with a countrywide distribution
network of about 350 dealers spread across A, B and C category cities covering the 2
wheeler as well as 4 wheeler business segments. The company was established in
1985 and was then known as Switch Masters Limited.
The company supplies and services the entire range of Spark Minda, Ashok Minda
Group products across the length and breadth of the country. The goodwill and
acceptance that Spark Minda, Ashok Minda Group products have in the market is a
direct result of the Group's emphasis on quality, its wide acceptance amongst almost
all OE customers in the country, and the excellent sales and service facilities provided
by the Minda Automotive Solutions Limited field force and distribution network,
acknowledged to be amongst the best in the industry.
MASL has a three-tier distribution network, which covers over 12,000 retailers and
garages/mechanics/electricians throughout the country. Development of a parallel
distribution network largely through vehicle accessory dealers is also in the offing.
This will support products such as Locks, Wiring Harness, Instrument Panels,
Accessories, Wiper Blades. Simultaneously, MASL is also in the process of spreading
its wings outside India to address the vast and growing global replacement market for
its range of products.
Recognizing the importance of the ASEAN market the group has set up a Greenfield
manufacturing facility in Indonesia through a group company named PT Minda
ASEAN Automotive which has commenced production and exports to other ASEAN
countries. NK Minda Group works with the leading auto components specialists
globally to bring the most technologically advanced products to its customers. The
Group companies are accredited with QS 9000, ISO-14001, and TS Certification. We
are one of India's leading manufacturers of Security Systems, Wiring Harnesses,
Couplers & Terminals, Instrument Clusters, Sensors, Die Casting, Interiors, Keys &
Key Duplicating Machines, that caters to all major two, three, four wheeler & off-
road vehicle manufacturers in India & Overseas.
1
Table 1
HISTORY
1958 Group Foundation
1998 MCL, Noida (Formerly known as Minda Switch Auto Ltd)
1995 Established Minda Wire links
Minda Huf JV
2003 Formed Minda SAI Ltd.(through merger of Sylea Automotive India
Ltd. & Minda Wire links)
Acquired Sylea Automotive India Ltd.
2004 Minda Stoneridge JV
2005 Setup PTMA, Indonesia
2007 Setup Japan Engg. Office
Minda Furukawa JV
Minda Valeo JV
Minda Silca JV
Acquired KTSN in Germany
2008 Acquired Schenk Plastic Solutions in Germany
Acquired Schenk Plastic Solutions in Czech
2009 Setup Minda Vietnam Co. Ltd.
Setup Minda Automotive Solutions in Uzbekistan
Acquired ALU Automotive in Germany
2010 UzMinda LLC JV
Acquired Aksys, Plant Koengen in Germany
Acquired Tectro in Poland
2011 New Group Logo and Brand Identity 'Spark Minda'
2012 Setup representative office of Minda Stoneridge Instruments Limited in
Russian federation.
PT Minda Automotive Indonesia starts their operations.
Minda Vietnam Automotive Company Limited starts their operations.
Minda Automotive Solutions Limited starts their operations.
2013 Group Corporate Office Minda Management Services Ltd. set up in
Gurgaon.
2014 CSR integrated automotive component manufacturing unit set up at
2
Tihar Jail.
2015 Wiring Harness Assembly Unit inaugurated under Business Integrated
CSR at Yerwada Central Prison, Pune.
Spark Minda, Ashok Minda Group & Vehicle Access Systems
Technology Llc (VAST), USA enters into a Joint Venture Minda
VAST.
Minda KTSN Plastic Solutions starts a Greenfield Project in Czech
Republic.
2016 Spark Minda initiates CSR integrated lock body assembly
manufacturing unit set up at Aurangabad Central Prison.
Spark Minda Technical Centre set up in Pune.
MKTSN Plastic Solutions signs JV with Shandong Beiqi Hai Hua
Automobile Co (a BAIC Group Subsidiary) and begins operations in
China Minda China Plastic Solutions Ltd.
Spark Minda, Ashok Minda Group acquires Panalfa Autoelektrik Ltd.,
now renamed as Minda Autoelektrik Limited
2017 Spark Minda acquires EI Labs to enhance Group's expertise in
connected mobility and IoT solutions.
MKTSN Plastic Solutions inaugurates new plant in Mexico.
3
COMPANY PROFILE
Introduction about MINDA CORPORATION LTD.
The NK Minda Group is India's foremost manufacturer of a range of automotive
components and is a leading supplier to global Original Equipment Manufacturers.
The Group's product portfolio comprises of Switches, Batteries, Lighting, Horns,
Mirrors and Alternate Fuel Kits LPG.
Recognizing the importance of the ASEAN market the group has set up a Greenfield
manufacturing facility in Indonesia through a group company named PT Minda
ASEAN Automotive which has commenced production and exports to other ASEAN
countries.
NK Minda Group works with the leading auto components specialists globally to
bring the most technologically advanced products to its customers. The Group has
joined hands with global leaders to constantly fine-tune its offerings and has some of
the most reputed automotive component manufacturers as its joint-venture partners
such as:
Tokai Rika Co. Ltd.,
Japan Fiamm SpA, Italy
An organization is known by its people, performance and profits. Our human
resource related policies would provide each individual to perform towards own and
companys growth and success. Success is not confined only to monetary profits but
also covering quality of products, excellence of operations, growth, customer
goodwill and leadership in business. Such a success not only brings in a feeling of
belongingness but also gives self-satisfaction.
The Key Mantras that have propelled the NK Minda Group growth story are:
4
For over five decades, Spark Minda, Ashok Minda Group (erstwhile MINDA Group)
has a major presence in Global Automotive Industry and is one of the leading
manufacturers of automotive components for the OEMs. The US $539 Million Group,
with a workforce of more than 16,000 is catering to the leading Passenger Vehicle,
Commercial Vehicle, Motorcycle & Scooter, Off-road Vehicle & Tier 1
Manufacturers in India with presence in Germany, Poland, Czech Republic, Mexico,
China, Indonesia, Vietnam, Uzbekistan and Japan. We also serve to after market
segment in India through a strong dealer distributorship of about 500 dealers.
For the technological edge, we have a dedicated R&D facility and collaborations with
the pioneers and leaders of the automobile industry. For assimilating the latest
technologies, Spark Minda has entered into strategic alliances and technical
collaborations with leading international companies and acquired businesses across
globe. This has provided Spark Minda with the cutting-edge in product design and
technology to meet strict international quality standards.
The Group companies are accredited with QS 9000, ISO-14001, and TS Certification.
We are one of India's leading manufacturers of Security Systems, Wiring Harnesses,
Couplers & Terminals, Instrument Clusters, Sensors, Die Casting, Interiors, Keys &
Key Duplicating Machines, that caters to all major two, three, four wheeler & off-
road vehicle manufacturers in India & Overseas.
Vision
To be a Dynamic, Innovative and Profitable Global Automotive
Organization for emerging as the Preferred Supplier and Employer, to Create
Value for all Stakeholders.
Dynamic:
As a player the Group is sensitive to the rapidly changing business environment.
The actions of all Group Companies are and will be geared towards meeting stringent
benchmarks and norms that are required and will be required.
Innovative:
5
optimizing efficiencies. We also are committed to change management as a way of
life to enable us to meet the emerging challenges of the Industry.
Profitable:
We want to emerge in the Global arena as a leading automotive player and realize
profitability in business so as to sustain and enhance our efforts towards emerging as
a leader in the industry.
Global:
We are already global and will continue to expand to meet the global requirements
of OEMs and be a significant player globally, in our own domain. In spreading
globally we will not focus on any specific country or region but take decisions based
on our core interests in the automotive sector.
Automotive:
We will stick to being a significant player in the automotive domain and emerge as
a systems supplier. We will not deviate from our core sector but will expand to
include different components and systems that align and have synergy with our
products and technologies.
6
Create Value for all Stakeholders:
As an Organization we are sensitive towards all stakeholders including our
esteemed Clients, our Employees and their Families, our Suppliers, and the Society
within which we operate. Our core focus is on developing confidence, generating
greater thrust towards undertaking active role in building Customer Trust and
Confidence, generating Greater Returns and Trust for our Investors, undertaking
Corporate Social Responsibility for wider interests of the society and the needs of our
Suppliers, as well as, addressing the holistic Needs and Concerns of our Employees
and their Families.
Mission
'Our mission is to be an automotive System Solution provider and Build
a Brand recognized by vehicle manufacturers progressively all over the
world, as an organization providing products and systems Unparalleled
in Quality and Price.'
We are also committed to create and deliver value to our
Shareholders:
We will ensure that our enterprise grows aggressively and earns adequate returns.
Customers:
We will make customers for lifetime and always strive to exceed their expectations.
Partners:
We will develop long term relationships with our partners based on mutual benefit,
trust, support & transparency.
Employees:
We will treat our employees as family members and would provide them a safe,
healthy, stimulating and rewarding work environment.
Society:
We will always be conscious of our responsibilities towards the society at large and
undertake welfare activities for the community.
7
Values
Commitment to Stakeholders:
Demonstrate loyalty and dedication to the organization.
Passion for Excellence:
Relentlessly improving and continuously raising the bar in everything we do.
Open Communication:
Reasoning, Knowledge, Experience Sharing, confronting fearlessly for the good of
the organization.
Integrity & Fairness:
Fair and upright in intention and actions - always complying with conscience.
Nurture Talent, Competency & Willingness:
Create challenging opportunities and provide support for development of self and
team members. Encourage experimentation & willingness to accept challenges.
Respect & Humility:
Must be Courteous, Compassionate, Caring, Humane and Humble in all our
interpersonal dealings.
Innovation & Improvement Orientation:
Challenge status quo. Demonstrate creativity for improvement and break through.
Partnering:
Leverages Interdependence, Cooperative, Readily provides support and assistance
to others.
Responsibility:
Take ownership for the consequences of ones decisions and actions.
Cross Cultural Diversity:
Build a vibrant workforce with different ethnicity, cultural orientation with no
prejudice due to sex / caste / creed / colour and to cherish our diversity.
8
PRODUCTS OF THE COMPANY
9
Tool Box, Helmet Lock, Seat Lock:
10
of cost innovations have resulted in an increase of orders from 2-wheeler customers
whereas competency in developing BS IV compliant fuel tank caps led to increase in
business from almost all Indian & Japanese OEMs.
11
operating performance and consistent dividend pay-outs through diverse channels has
led to the enhanced trading volumes. The daily average trading volumes have also
considerably increased during the year (average trading volumes were approximately
100,000 for Jan-Mar 16 compared to approximately 350,000 for Jan-Mar 17). The
Company has been regularly interacting with investors and researchers through the
quarterly results conference calls and one-on-one meetings. During the year, the
management also attended various investor conferences in Mumbai, Singapore, Hong
Kong, US and UK hosted by reputed research firms such as IDFC, Edelweiss, Kotak
and Anand Rathi.
Investors have shown growing interest in the capabilities of Minda Corporation which
is clearly reflected through our three-fold amplified shareholder base from around
5,300 in FY2016 to around 17,500 in FY2017. Various plant visits were organized for
investors, research analysts and media during the year. In July 2016, large scale plant
visit, focused on research analysts was organized by the Company.
The Group was founded in 1958 by late Sh. S. L. Minda in Delhi and over the years,
it has grown to become one of the leading automotive component player in both
national and international arena. Since five decades, the Group has made significant
contributions in the automotive industry with highly innovative and cutting edge
technological products. It has also made a quantum leap in terms of enhancing
products through design. The Group witnessed an exponential growth and has
adopted latest technological practices followed across the globe by top manufacturers
such as the JIT, Kaizen and 5S to mention a few. These principles have helped the
Group form strategic partnerships with many global companies and widened its
footprints in terms of its presence and product portfolio. The Group is supplying
automotive components to all major Passenger Vehicle, Commercial Vehicle,
Motorcycle & Scooter, Off-Road Vehicle & Tier-I manufacturers in India and
Overseas.
12
MILESTONES OF THE YEAR
KEY CUSTOMERS
At Minda Corporation, we are harnessing innovation and technology as the leading
drivers to turn tomorrows vehicle into a safe programmed smart device, providing
automated mobility assistance while taking care of customers connectivity with the
outside world. Our upbeat innovative products will help in the creation of vehicles
with access to internet connectivity and a variety of sensors to keep connection with
the outside world, sense and react to external environmental conditions and also
interact with other vehicles to enhance connectivity with the outside world.
Our thrust lies in adopting various indigenous technologies for delivering low-cost
products along with prototyping techniques that will reduce product development
cycle, which has helped in procuring more business from the OEMs as well as Indian
manufacturers. We are steadily exploring our vision to harness the business
opportunities in regions like China, ASEAN, Europe and North America to become
the preferred choice of OEMs in the various product categories through technically
advanced, high quality and low cost product offerings.
This strategy will be divided into two parts under which primarily the market share
will be increased by increasing the business through the existing business and
secondly by tapping the potential of new OEMs.
13
EXPORT:-
Received export orders of immobilizers (peak business order value worth
approx. `48 Cr p.a. / life time order worth `250 Cr).
Received export orders of Compressor Housing, Connection & Inlet Pipe
Assy worth `160 Cr p.a. (life time value of approx. `800 Cr) for new Die
Casting plant.
Received orders of Security Systems for export to Japan and Brazil from
ASEAN business (Order value of `35 Cr p.a.)
Received Wiring Harness export orders for 2 Wheelers worth`12 Cr p.a. We
would also be focusing to enhance wiring harness exports significantly in the
future.
Operational Discussion:-
1) New Die Casting Plant at Pune: - In order to support future demand
from the customers, Minda Corporation is setting up its third die casting plant.
With the addition of this new plant along with the two existing plants, the total
production capacity is expected to increase from the existing 4,600 MT p.a. to
9,600 MT p.a. by FY2019-20. The new facility would mainly focus on
Aluminium Gravity and Low Pressure Die Casting. The land development has
already been completed and civil and structural works are currently in
progress. The facility is headed for expected completion in FY 2017-18.
2) Acquisition of Panalfa Autoelektrik: - With an eye on strengthening
our presence in niche commercial vehicle segment, we acquired Panalfa
Autoelektrik in April 2016. Panalfa Autoelektrik was re-named as Minda
Autoelektrik Limited' w.e.f. 03 June 2016. With key products being Starter
Motors and Alternators, it caters to Commercial Vehicles, Agriculture
Machinery, Construction Equipment and Automotive end markets.
3) Business Integrated CSR Plant: - Collaboration with Aurangabad
Central Prison Authority for supply to Bajaj Auto In Nov. 2016, we have set
up a new automotive assembly within the jail premises dedicated to give
training in Safety, Security and Restraint System. The product being
14
manufactured is Lock Body Assembly Unit that will be used in the final
product to be made at the Companys facility in Pune.
15
EMI/EMC Related Testing
A state-of-the-art EMI/EMC test facility in SMIT has become functional since Oct
2016.
SMIT team is not only executing the testing activities but also participate in
EMI/EMC related design review and corrective measures. Another state of art service
offered by the SMIT team is related to RF/EMI-EMC simulation to build EMI/EMC
robustness early in the design cycle.
16
Opportunities, Strategy and Outlook:-
I. Opportunities: - Minda Corporation continues to expand its capabilities through
both organic and inorganic growth. The Company acquired Panalfa Autoelektrik this
year. This acquisition not only added highly complementary products to Minda
Corporations existing product portfolio but also provided access to the additional
high profile customers, particularly in the commercial vehicle segment. The Company
is now also focusing on establishing greenfield plants at Pune and Mexico. The new
plant at Mexico will cater to the needs of OEM customers in North America for
Plastic Interior products
including Glove Box, Steering Column, I-Panel Hang-on parts and others. With the
addition of the new DCD plant at Pune, the total production capacity is expected to
increase from the existing 4,600 MTPA to 9,600 MTPA by FY2019-20. The new
DCD facility would mainly focus on Aluminium Gravity and Low Pressure Die
Casting. The strategic alliance with BAIC group and entry into high growth Chinese
territory shall also provide us a platform in China to cater the leading OEMs for our
other legacy businesses and products. Minda Corporation has placed thrust on R&D
and innovative technologies by establishing Spark Minda Technical Centre (SMIT) in
Pune. The objective of SMIT is to have state of the art centralised facility for
Software & Hardware design and Electronics reliability testing. In the past, it has
formed JVs with various foreign partners
that bring global expertise in latest product and technology to the Group.
II. Business Strategy: - The Companys vision lies in becoming one of the top
automotive component suppliers in the world and is strategizing different objectives:
To pursue organic as well as inorganic growth that will help in improving the
overall profitability of Company
To form JVs with various global peers and adopt latest technologies which
will help in improving the quality
To increase penetration in international markets like China, North America
and Europe and become the preferred supplier for OEMs
To enhance the market share that will help in getting orders from new OEMs
and improving market share for existing OEMs
17
To enhance margins by adopting cost reduction techniques without hampering
the product quality
To comply with BS VI norms and explore opportunities in the new regime of
business.
III. Outlook: - The growth is driven by the initiatives of global OEMs for
manufacturing of automotive components in India and exporting them to the global
markets for their facilities. These OEMs are leveraging on the Make in India
initiative, which was initiated to encourage domestic companies to manufacture
components and market them locally and globally. The revival of the auto sales
backed by good monsoon last year and implementation of 7th pay commission will
help in pushing the sales of automobiles. The Company is emphasizing on the
changing technology and customer trends as well as adhering to the compliances and
regulations. Investment in innovations has also helped the Company in getting new
orders from various OEMs. At Minda Corporation, our endeavour is to boost
investments in R&D and technology to improve quality, increase innovation, deliver
greater customer satisfaction and explore green & smart technologies. Our cutting
edge technology centre at Pune has been established with the view of bringing in next
generation electronic and mechatronic products. The Company has adopted various
indigenous technologies, delivering low-cost products along with prototyping
techniques that will reduce product development cycle, eventually leading to the
increase in business from Indian and global OEMs.
18
SWOT Analysis
A SWOT analysis must first start with defining a desired end state or objective. A
SWOT analysis may be incorporated into the strategic planning model. Strategic
Planning has been the subject of much research.
19
FINANCIAL REPORT OF THE COMPANY
20
21
INTRODUCTION OF THE STUDY
HRD activities are revenue enhancer in the organization not revenue user.
HRD is responsible all overall performance of the organization by upgrading
the employees.
Training constitutes a basic concept in human resource development.
Human resource development is a series of organized activities, conducted within
a specified time and designed to produce behavioral change.
The purpose of introducing and implementing HRD strategies in an organization is to
develop employee to meet higher levels of performance in the modern fast changing
competitive world.
HRD strategies contribute to winning employees commitment, motivation and
devotion in creating a self-disciplined workforce and responsive organization.
HRD is based on the two assumptions:
i. HRD makes sense only when it contributes towards business improvement
and business excellence.
ii. HRD also strongly believe that good people and good culture make good
organizations.
HRD means building:
Competency in people, Commitment in people, Culture in the organization.
22
HRD can be defined as the branch of human resources management
function that endeavors to build competencies, commitment and a learning
culture in organizations with the purpose of bringing in competitive advantages
to achieve business excellence in all its operation.
23
It is a business lead and the learning and development strategies that are
established as a part of overall strategic HRD approach flow from business
attains its goals.
Development Steps:-
The steps required to develop a learning and development strategy are:
1. Agree on the strategy making team.
2. Clarify organization mission and vision.
3. Explore core values.
4. Identify the strategic issues facing the organization.
5. Agree on strategy and strategic plan.
24
Human Resource Development:-
Human resource development is a series of organized activities, conducted within a
specified time and designed to produce behavioral change. Human resource
development is a process in which the employees of a company are continuously
helped in a planned way to:
1. Acquire or sharpen their capabilities required to perform various functions
associated with their present and future expected roles.
2. Develop their enabling capabilities as individual, so that they are able to
discover and exploit their own inner potential for their own /or organization
development purposes.
3. Develop a company culture where superior subordinate relationships,
teamwork and collaboration among different subunits and contribute to the
company health, dynamism and pride of the employees.
FUNCTION OF HRD
1. Primary Function:-
1.1. Training and development.
1.2. Organization development.
1.3. Career development.
25
2. Secondary Function:-
2.1. Performance management system.
2.2. Organization learning.
2.3. Mentoring.
3. Other Functions:-
3.1. HR Planning
3.2. Coaching.
26
B. Career Development: - Career development in a continuous process in the career
graph of a person an ongoing process by which employee progress through a series of stages
of which is characterized by a relatively unique set of issues themes and tasks.
C. Organization Development: - Company development is an application of
behavioral science to company change. It encompasses a wide array of theories, processes,
and activities, all of which are oriented towards the goals of improving individual company. It
constitutes long range efforts to:
Improve the problem solving capacity of the company.
Foster effectiveness management of the company culture
Improve the effectiveness of work groups/teams
It is specific all concerned with the company climate, company culture i.e. norms,
values, power structure.
Worker commitment.
Inter group collaboration.
Creation of an open system of communication vertically, horizontally, and
diagonally
27
RESEARCH & METHODOLOGY
The most vital function of management in an organization is to minimize risk and
uncertainly through systematic decision making. Better decision result from the
effectively and timely utilization of right information. So for the making effective
decision, research plays an important role and provides the right information to the
management.
Research is the systematic gathering, recoding and analyzing of data about problems.
In other words we can say that research comprises defining and redefining problems,
formulating hypothesis or suggested solution; collecting, organizing and evaluation of
data; making deduction and reaching conclusion; and at least carefully testing the
conclusion to the determine whether they fit the formulating hypothesis.
28
Types of Research used in project
The type of research employed in the project work is exploratory cum
descriptive. The exploratory research is used to define the problem and discovery of
new idea while descriptive research is used for data collection and establish cause and
affect relationship.
QUESTIONNAIR DESIGN:-
While designing the questionnaire, various type of question were put in a proper
manner these were multiple choice question and few open ended question.
Proper sequencing of the question was done after each question proper space was
provided. In the questionnaire, subject was not required to mention their identity in
order to ensure true response.
29
OBJECTIVE OF THE STUDY
The objectives of the study are:-
30
SCOPE OF THE STUDY
The scopes of the study are:-
1. Enhancing organization capabilities:
HRD practices for enhancing quality consciousness among
employees, Continuous improvement in performance of employees.
2. Integrating human resource into business:
Promoting individual growth and development of employees,
Increase in the level of commitment of employee.
3. Achieving corporate excellence:
HRD programs to facilitate group communication in the company,
Achieving organization effectiveness in terms of performance and
communication.
4. To improve the current situation of the HRD activities in the
organization.
5. To suggest the methods by which changes can be brought in current
program.
31
ANALYSIS OF DATA
After collecting of data it was tabulated and represented in a graphical manner in and
was analyzed in order to draw conclusion.
SAMPLE SIZE:-
I adopted a detailed procedure for preparing the project report on critically analyzing
Minda Corporation Limited. This includes tackling situations while gathering the
relevant information. A list of the names of the executives to be contacted was
prepared various places from where the data could be available were noted down. To
support the findings & give meaning to the project report a list of various sources
were planned out.
Data was collected through Secondary sources such as Magazines; Performas and
Reports of the Company.
Analysis of the Questionnaires to be done to get the final findings and
recommendations.
SAMPLING:-
Table 2
32
DATA ANALYSIS & INTERPRETATION
Table 3
Response Employee
Strongly Agree 5
Agree 11
Average 31
Disagree 3
Total 50
35
30
25 Strongly Agree
20 Agree
15 Average
Disagree
10
0
1st Qtr
Interpretation: - Out of 50 respondents more than half of them say that training as a
part of org. development strategy in the organization and according to rest respondent
HRD activity is not a part of ODA.
33
2) Is HRD helps in Enhancement of Skills & Knowledge through
Training?
Table 4
Response Employee
To great extent 12
To some extent 31
Not much 7
Total 50
35
30
25
20 To grest extent
15 To some extent
Not Much
10
0
No. of response
34
3) Does HRD leads to Training effectiveness?
Table 5
Response Employee
To great extent 6
To some extent 37
Not much 7
Total 50
40
35
30
25
To great extent
20
To some extent
15
Not much
10
5
0
No. of response
35
4) Does existing Performance Appraisal System leads to
satisfaction in employees?
Table 6
Response Employee
Very Good 6
Good 13
Satisfactory 17
Average 10
Poor 4
Total 50
18
16
14
Very Good
12
10 Good
8 Satisfaction
6 Average
4 Poor
2
0
No. of Response
36
5) Does HRD helps in growth of an individual?
Table 7
Response Employee
Yes 11
No 39
Total 50
40
35
30
25
20 Yes
No
15
10
5
0
No. of Response
37
6) Does HRD involve employees in organization change activity
as well as briefing sessions?
Table 8
Response Employee
To great extent 9
To some extent 35
Not much 6
Total 50
35
30
25
20 To great extent
15 To some extent
Not much
10
5
0
No. of Response
Interpretation: - All though HRD activities are given adequate importance in the
organization. But up to some extent employees response that there are involvement of
employees in OCA & briefing sessions.
38
7) How do you rate your present PMS?
Table 9
Response Employee
Very good 35
Good 9
Average 6
Total 50
35
30
25
20 Very good
15 Good
Average
10
5
0
No. of Response
Interpretation: - Out of 50 respondent, more than half of them rate their PMS as
very good and rest of them as good and average.
39
8) Do you think the existing PMS need change?
Table 10
Response Employee
Yes 11
No 39
Total 50
40
35
30
25
20 Yes
No
15
10
5
0
No. of Response
40
9) Is the Company providing enough opportunity to grow as an
individual?
Table 11
Response Employee
Yes 37
No 13
Total 50
40
35
30
25
20
Yes No
15
10
5
0
No. of Response
41
10) What percentage of employee is covered under career
development?
Table 12
Response Employee
To great extent 37
To some extent 6
Not much 7
Total 50
40
35
30
25
To great extent
20
To some extent
15
Not much
10
5
0
No. of response
42
11) Is senior mgt. & HR deptt. Concerned about the
individual development?
Table 13
Response Employee
Yes 39
No 11
Total 50
40
35
30
25
20
Yes No
15
10
5
0
No. of response
43
12) Is individual employee involved in org. change activity?
Table 14
Response Employee
Yes 5
No 11
Total 50
12
10
6
Yes No
0
No. of response
Interpretation: - Out of 50 respondents more than half of them say that every
individual is not involved in organization changed activity.
44
13) Does Hr deptt. Conduct satisfactory brief sessions for
ODA & change activity?
Table 15
Response Employee
Yes 37
No 13
Total 50
40
35
30
25
20
Yes No
15
10
5
0
No. of response
45
14) Is ODA preparing the org. to meet orgs vision &
mission?
Table 16
Response Employee
Yes 48
No 2
Total 50
50
45
40
35
30
25
Yes No
20
15
10
5
0
No. of Response
46
FINDINGS OF THE STUDY
Following are the key findings from the existing HRD Activities:
47
CONCLUSION
Human Resource Development Activity is an important part of every
organization. Through HRD, organization can help employees in adjusting and
accommodating themselves to the organizations & market competitive environment.
The present study has been undertaken with the objective of analyzing and evaluating
the HRD Strategies of MINDA INDUSTRIES LTD. After carefully study and survey
about the policy and procedure adopted to improve organization strategies and
observing the HRD activities conducted at Minda, it can be said that the policy is of
very limited applicability. These policies need improvement, revision and extension to
all employees of the company at each level.
A complete and effective HRD activity and its proper implementation are very
essential. A regular periodical feedback and evaluation is necessary so that it can be
made more effective and well planned.
48
SUGGSTIONS
The related literature is reviewed to find how the HRD activity should take place.
Then the information obtained from the company regarding HRD activity at Minda is
evaluated through primary and secondary data and is able to find the weakness and
grey area of the policy. Finally based on the finding following suggestion are put forth
for further improving the HRD activities:-
Organization should make development plans not only for seniors but for juniors
as well lower level employee as well. A proper procedure should be implemented for
evaluation of training & analysis of training needs. So that effectiveness of training
can be increased. Employees should be given external training as well to update their
skills & knowledge.
The existing training analysis format should be changed. Existing PMS is satisfactory
but to increase its effectiveness. It should be linked with job description & job
enrichment. So that a clear picture of individual performance can be obtained &
training needs analysis can be done to good extent. Individual should be given full
involvement in all org. change activities. So that org. change can be implemented
successfully & effectively.
HR deptt. & seniors mgt. should provide proper briefing sessions before
implementing the changes. So that the changes are implemented effectively &
efficiently. All employees should be considered under CDP. This will not only
develop individual but also will reduce exit of employees.
The existing ODA need more concern to be given by HR deptt. & seniors mgt to
make them successfully implemented.
49
LIMITATIONS OF THE STUDY
Primary data collected through observation is prone to human errors.
Observation done only at a specified time period. May be employee are biased
at response.
Sometimes respondent hesitate to provide proper information as lack of faith
on outsider persists.
Questionnaire may be incomplete. Many employee interviewed did not give
proper feedback.
Many of the time employees refuse to fill the questioner as they think it to be
time consuming.
50
BIBLIOGRAPHY
BOOKS:-
Human Resource Management C.B. Gupta.
Strategic Human Resource Development Shagun Ahuja.
JOURNALS & MAGAZINES:-
Minda Times.
INTERNET WEBSITE:-
https://www.minda.co.in
https://www.mindaswtiches.org
51
Employee Survey Questionnaire
Dear Sir/Madam
I am B.Com (H) 3rd year student in Kamal Institute of Higher Education & Advance
Technology, I.P. University, New Delhi. I am conducting a survey on HRD
Activities which is a part of my B.Com (Honors) program. All the information
provided by you will be kept secret & will be used exclusive for academic purpose.
HRD activities are an important process which seeks to review and improve over time
and with experience. We would very much appreciate your comment on your HRD
activities, so that we can move further toward meeting the need of new strategies in
future.
Name: . Age:
Job Title: ...
Department: ....
Experience: .
52
Q.4. Does existing Performance Appraisal System leads to satisfaction in
employees?
a) Yes
b) No
53
Q.10. What percentage of employee is covered under career
development?
a) To great extent
b) To some extent
c) Not much
Q.13. Does Hr deptt. Conduct satisfactory brief sessions for ODA &
change activity?
a) Yes
b) No
Q.14. Is ODA preparing the org. to meet orgs vision & mission?
a) Yes
b) No
54