MBA Research Project Final
MBA Research Project Final
MBA Research Project Final
CHAPTER ONE
COMPANY PROFILE
1.1 History
Thermax came into being by harnessing the power of steam, produced
by boilers. Thus the business was born in 1966. It was also the year A
S Bhathena collaborated with a Belgian company, Wanson, to
commence business operation as Wanson India Ltd., manufacturing
small boilers at a unit in Dadar, Mumbai . The company was renamed
Thermax Limited in 1980.
1.2 Founders
BU HEAD
SBU HEAD
Fig. 1
Head Operations
Head Materials
Head
Engineering
BU Head SBU Head
Head Proposals
Head Sales
Fig. 2
Raw water is first treated to remove the suspended colloidal matter. Small
suspended particles in the raw water are coagulated by using poly-electrolyte
and coagulant at higher pH. This is then passed through a tube settler where
coagulated suspended matter settles down and clearer water flows up.
Coagulated suspended matter is taken out from the hopper bottom of tube
settler in the form of a thick sludge.
Clear water is further treated in the second stage. A dual media filter is
provided for further reduction of suspended matter to a level of less than 5
ppm. This filter works in pressurised conditions. A clear water pump is
provided at the inlet of the filter to feed clarified water.
Thermax provides both custom built & standardized systems to raw water
clarification.
Water treatment
Effluent Treatment, Recycle and Zero Liquid Discharge
Sewage Treatment and Recycle
Desalination
Containerised Plants
Solid Waste Treatment
1.5 Competitors
Ion Exchange
Rochem Seperation Systems India Private Limited
Eureka Forbes
Praj Industries Limited
Kirloskar Bros
Thermax has posted a 18.3 per cent fall in YoY net profit for the
quarter ended June 30.
For the quarter under review, the company reported a consolidated net
profit of Rs 40 crore compared with Rs 48.96 crore in the same period
last year.
Total consolidated revenue for the quarter came in at Rs 892.57 crore,
down 8.65 per cent YoY from Rs 977.14 crore in the year-ago quarter.
Income from operations stood at Rs 892.57 crore, down 10.93 per cent
compared to the income of year-ago quarter of Rs 1,002.13 crore.
Thermax reported an operating profit of Rs 53.25 crore for the quarter
ended June compared with Rs 61.03 crore a year earlier.
1.7 Achievements of the company
Thermax recently won the BML Munjal Awards 2015- Business
Excellence through Learning and Development in the Private sector
(Manufacturing) category.
Thermax wins National Intellectual Property Award for 2013
Thermax MD and CEO, M.S. Unnikrishnan received the Asia
Innovator Award at the 2012 CNBC Asia Business Leaders Awards
(ABLA) in Bangkok. He is the first Indian to be presented the
Innovation Award in the 11 year history of ABLA.
Thermax'sSavli plant bagged gold award for Safety and Health
practices at the Greentech Safety Award 2012.
Chinchwad factory bagged the Safety Innovation Award 2011 from the
Institution of Engineers, Delhi, for its innovative health, safety and
environment (HSE) initiatives
Chinchwad factory won the Health, Safety and Environment (HSE)
appreciation award 2011 from CII, Western region.
CHAPTER TWO
Literature Review
2.1 Introduction:
Today the main challenge faced by the company is to find the right talent for
its organisation and to retain it. Talent Acquisition hence is given a lot of
importance. One of the important part of HR functioning is to find the right
talent for the right position in the organisation. If the appointed person is not
the proper fit for the organisation then even organisation suffers.
2.2 Objectives:
The study majorly covers the basis of selection of the candidate for the
organisation. The project also identifies the competitive pool of talent and
through them how the best one is selected. Also it tells the basis of rejection
of the candidate.
This project has also helped me understand the minor loopholes in the
organisation for recruitment and selection process.
(1).Helps to create a talent pool of potential candidates for the benefits of the
organization.
(3).It helps to increase the success rate of selection process by decreasing the
no of visits qualified or over qualified job applicants.
CHAPTER THREE
Research Methodology
7. Number of Question : 11
3.1 Introduction
Recruitment is the finding of potential candidates for the vacancies with the
organisation. Or, from another perspective, it is making meet the job seekers
and job givers with matching the requirement from both ends. Successful
human resource should identify human resource needs in the organization.
Once the needs are identified, the process of recruitment or acquisition
function becomes easy. It should also provide information so that unqualified
applicants can self-select themselves out of job candidacy; this is, a good
recruiting program should attract the qualified and not attract the unqualified.
“Recruitment forms the first stage in the process which continues with
selection and ceases with the placement of the candidates.” – Kempner
“However, the act of hiring a man carries with it the presumption that he will
stay with the company-that sooner or later his ability to perform his work, his
capacity for job growth, and his ability to get along in the group in which he
works will become matters of first importance.” - Joseph J. Famularo
There are various methods of recruitment but for the sake of simplicity, they
have been categorized under two broad headings.
• Internal Recruitment
• External Recruitment
Many say that recruitment begins when the job description is already in place
and the hiring managers begin the process of actually looking for candidates.
However, if we are looking at it more holistically, the process begins way
earlier than that.
Prior to the recruitment process, the organization must first identify the
vacancy and evaluate the need for that position. Will the organization suffer if
that vacancy is not filled up? Is there really a need for that open position to be
occupied by someone? If the answer is affirmative, then you can proceed to
the recruitment.
Basically, this step will allow the human resources manager, hiring manager,
and other members of management on what the new employee will be
required to do in the position that is currently open for filling up. This has to
be done in a systematic manner, which is what the job analysis is for.
Job Description:
Thermax was looking for a backfilling of the position of Sales for its
Bangalore Location. They were looking for a person who could handle all the
job responsibilities which the previous person was handling. Hence they did
not make changes in job description as such. Such was as follows:
Working with Sales Head, help create Longer term plan and fully accountable
for delivery of annual plan.
Coordinate and deliver against the annual operations plan and budget.
Provide for all sales operations staff a strong day-to-day leadership presence.
Ensure price and product delivery integrity for the assigned geography.
b. Set minimum qualifications for the employee who will do the job:
These are the basic requirements that applicants are required to have in order
to be considered for the position. These are required for the employee to be
able to accomplish the essential functions of the job. Therefore, they should be
relevant and directly relate to the identified duties and responsibilities of the
position.
The organization may also opt to include other preferred qualifications that
they are looking for, on top of the minimum or basic qualifications.
The job must belong to a salary range that is deemed commensurate to the
duties and responsibilities that come with the position. Aside from complying
with legislation (such as laws on minimum wages and other compensation
required by law), the organization should also base this on prevailing industry
rates.
For example, if the position is that of a computer programmer, then the salary
range should be within the same range that other companies within the same
industry offer.
Thermax had standard industry rates for the positions. For this position the
salary range was around 6LPA – 8LPA.
This is the stage where the organization will let it be known to everyone that
there is an open position, and that they are looking for someone to fill it up.
Before advertising, however, the organization must first know where to look
for potential candidates. They should search out the sources where the persons
that can potentially fill the job are going to be available for recruitment. That
way, they will know where to direct their advertising efforts.
Thermax - Networking
Yes, such networking was used in Thermax and one CV was shared with
reference of a colleague working with Thermax. Since this position was a
senior position attending college and career fairs was not an option. Yes but
even these are used when the hiring is for fresher.
Thermax even have their own Thermax Internship Programme (TIP) where
they hire an intern through the list of colleges which are listed with TIP and if
they like the project taken up by the interns they may even think of hiring the
same intern.
Thermax – Posting
Posted on Naukri.com
Posted on Linkedin.com
c. Company Image: Perhaps the best publicity that the company can use
to attract candidates is its own reputation in the market. If the company
is known for being a good employer – one that aids in its employees’
personal and professional growth and development – then it is a good
point for the company to capitalize on in advertising its open positions.
Thermax has a reputation and hence some candidates were getting attracted to
the position because of the company Thermax.
This is most probably the part of the recruitment process that requires the most
amount of work. This is where the applicants’ skills and personalities are
going to be tested and evaluated, to ascertain whether they are a good fit for
the job and its description.
This position was on urgent basis hence as an intern I was allotted the job of
sourcing candidates for this position. They however wanted to close the
position in a month. Hence I started calling candidates through Naukri.com
itself. The preliminary screening was done by me itself.
Preliminary Screening
Fig. 3
Initial interview: The candidates who were able to pass the preliminary
screening will now undergo the initial interview. In most cases, the initial
interview is done through phone. There are those who also conduct interviews
through videos using their internet connection. Often a basic interview, this
may involve the candidates being asked questions to evaluate or assess their
basic skills and various personal characteristics that are relevant to the open
position.
Out of the 8 selected only 5 were selected and remaining 3 were rejected. This
is due to lack of technical knowledge into ETP. Even if candidates do say that
they have a certain experience with the domain required it will get clarified
with the telephonic round if they are actually into sales of ETP and if they
actually carry the years if experience of the same.
Conduct of various tests for recruitment: The hiring managers may conduct
tests on the skills of the candidates and how they use these skills and talents.
Other tests that are often employed are behavioural tests and personality
assessment tests.
Out of 5 only 2 were interviewed successfully in the process. The next round
was through skype. The other 3 I tried to contact them but didn’t pick up my
call. I drop emails but there was no response. There could be n number of
reasons and could not be specified as the scope to know them is not possible
unless the candidates convey.
Final interview: Usually depending on the number of candidates for the job,
and the preference of the hiring managers and senior management, a series of
interviews may be conducted, gradually narrowing down the list of candidates.
This may go on until the company has finally come up with a shortlist of
candidates that will undergo a final interview. Often, the final interview
requires a face-to-face meeting between the candidate and the hiring
managers, as well as other members of the organization. Top management
may even be involved during the final interview, depending on the job or
position that will be filled up.
Out of 2, 1 candidate was selected for F2F round of interview with Thermax.
He was from Nagpur hence he was called in Pune for F2F with confirming
him the reimbursement charges of 3 AC tier ticket of train. Once the candidate
arrived the Assistant HR Manager – Neha Mungale arranged the room for the
interview and approached the candidate first.
together to finally make a selection among the candidates who underwent the
final interview. During the discussion, the matters considered are:
o Qualifications of the candidates who were able to reach the last stage of the
screening process
o Results of the assessments and interviews that the final pool of candidates
were subjected to
There will be no problem if they have a unanimous decision on the candidate
that the job will be offered to. In case of varying opinions, the majority will
prevail.
If they do not arrive at a decision, there may be a need to restart the recruiting
process, until such time that they are able to reach a decision that everyone
will be satisfied with.
The last step of the previous phase involves the selection of the best candidate
out of the pool of applicants. It is now time for the organization to offer the
job to the selected applicant.
Usually, the beginning of the induction process is marked by the signing of the
employment contract, along with a welcome package given to the new
employee. The date for the first day that the employee will have to report for
work and start working in the company will be determined and communicated
to the newly hired employee.
However, it doesn’t end there. The employee will still have to undergo pre-
employment screening, which often includes background and reference
checks. When all these pre-employment information have been verified, the
employee will now be introduced to the organization.
•1. Networking
Sourcing of
Talent
•2. Posting
•3. Company Image
•1. Preliminary
Screening
Screening of •2. Initial Interview
Candidates •3. 2nd round of
Interview
•4. Final Interview
•Making the Offer
Finalization of •Acceptance of
Offer offer
Introduction &
Induction of
New Employee
Fig. 4
CHAPTER FOUR
Position: Sales
Location: Bangalore
Job Specifications:
Total Exp
8
7
6
5
4
3 Total Exp
2
1
0
1 2 3
4 5 6 7 8 9 10 11
12 13
Fig. 4
The above diagram shows us the years of experience of all the candidates who
are interested in the job and have given their information on total years of
work experience. The 1st, 2nd and 3rd candidate has around 6 years of
experience, the 4th candidate has 3 years of experience, 5th has 4 years, 6th
candidate has 4.5 years of experience, 7th has 3.5 years of experience and so
on.
3rd number candidate has sold plants such as Cooling Water Treatment, PTC,
RO, DM, and ETP and so on.
10
5
Exp into selling ETP
0
1 2 3 4
5 6 7 8
9 10 11
12 13
Fig. 5
This above bar chart shows us that each candidate has how much years of
experience into selling ETP Plants out of total years of experience. Hence it
shows that 1st candidate has all his 6 years of experience into ETP selling as
well with other plants. The 2nd candidate has around 2.5 years’ experience
into selling ETP plants with other plants as well and so on.
4. How much % of ETP is sold in the year 2016 compare to other
plants?
Fig. 6
The above diagram shows that if candidates have sold ETP recently. Since the
recruitment was in the done in the month of June 2017 we took the data of
sales of ETP of the immediate previous year i.e. Year 2016. It shows that 1st
and 2nd candidate has done 50% of sales of ETP plants and so on.
asked. This diagram shows that which places ETP were sold by the candidates
and their serial numbers are mentioned in the row below.
The above diagram tells us that the sales target of each candidate per year. The
annual sales target for all 13 candidates is as above. The 1st candidate had a
target of Rs. 25 Cr per year. The 2nd candidate had target of 1.8 crores and
so on.
Fig. 7
The current CTC of candidates is shown in the above bar diagram. As the
diagram shows that the salary of the 1st candidate ranges between 4-5 LPA
and so on.
These questions also help to decide if we would like to take the profile of the
candidate further or not. For e.g. Candidate no. 12 his notice period is for
3months and could be extended to 1 more month. The position is on urgent
basis would it be really possible to hire the candidate on time? Hence such
questions are also important for basis of preliminary interview.
CHAPTER FIVE
5.1 Findings:
1. The requirement in Thermax is mostly for employees with experience
and less for freshers.
2. The response for selection of candidates from Management is takes
time this result into loosing of some potential candidates. The
candidate in that time may apply somewhere else.
3. It was seen that the profile which Thermax was looking for had
selected most of the candidates of its competitors company. The
required candidates from Competitors Company were more relevant
than others.
4. Candidates lie during preliminary screening but fails in technical
round. If the recruiter itself had the technical knowledge needed for
the position then the process of recruitment and selection could be
much faster.
5.2 Recommendations:
1. The response time on selection of candidate could be done a bit faster
so that the company may not lose some other potential candidates.
2. Delay in HR processes due to slow working of HRIS software could be
reduced by taking the measures to increase the efficiency of the software.
3. Costs bared by the company by paying amount of fees to various
recruitment consultancies could be reduced if the company have an own
small team only dedicated for Talent Acquisition.
CHAPTER SIX
Conclusion:
1. The objective of my project is served. The project has helped me
understand the recruitment and selection process at the company.
2. This data analysis of the project has helped me understand that how
recruitment is an important process of the company.
3. It helps us understands that on what basis the selection and rejection of
the candidate takes place.
4. Some basic parameters such as salary, notice period can be basis of
preliminary rejection.
5. The recruiter can be more proficient in his work if he/she is aware of
the business functions in the organisation.
6. The project has helped me understand that there is a difference
between the recruitment and talent acquisition. Recruitment is not the
whole of talent acquisition but it’s the part of the same.
Learning’s At Thermax
The expenses and costs bear by the organisation for the trainings are used to
certainly audit by the team in the company. Some training which should be
compulsorily provided to employees under law for e.g. OHSAS training
related to safety are also necessary for audit purposes as well.
Analysed where the trainings are most in two ways i.e. department wise and
grade wise. Also discussed with mentor where the trainings could be focussed
more i.e. for which department and which grades. Department wise
segregation was not so useful because the strength department wise is very
less to conduct training. It could be done grade wise (position wise) and which
grades to be concentrated more on.
4. The notice period not served will be recovered back from the
employee’s salary.
Learning’s:
Proposals are making cost estimation of the plant related to waste
water projects.
The candidate should have more knowledge about ETP proposals.
ETP means effluent Treatment Plants
ETP is the design process used for treating industrial water for its reuse
or treating the same for safe disposal to the environment.
Observations
Organisation Behaviour:
A company should have a right working environment so that an employee
could work efficiently in his/her particular domain. The work environment in
Thermax is mix in nature. Since I already mentioned that in Thermax
Environment House mostly there are 3 divisions i.e. Enviro, WWS and
Chemical.
I worked with HR for WWS division. Each division have their own HR and
HR Head of all three divisions is one. The company had given the mentors to
be independent on the profile of the intern. There is no set profile for every
intern. Hence this also gives an intern to be flexible enough at work. My
mentor is very helpful when it comes to sharing some knowledge but approach
to employees was restricted.