INDIRA SCHOOL OF BUSINESS STUDIES

REPORT ON

COMPANY PROFILE

Group No. 7 Division F SUBMITTED TO:

PROF.SHRADHA KULKARNI ASSISSTANT PROFESSOR

SUBMITTED BY:
SANDEEP KUMAR 37 CHANDAN 38

NIKHIL SANKALEJA 39 RAM KRISHNA SHARMA 41 SHEODAN SINGH 42

Essentially, a policy statement should consist of three parts, as follows: 1 A general statement of intent
This should outline in broad terms the organizations overall philosophy in relation to the management of health and safety, including reference to the broad responsibilities of both management and workforce.

2 Organization (people and their duties)

This outlines the chain of command in terms of health and safety management.

Who is responsible to whom and for what? How is the accountability fixed so as to ensure that delegated responsibilities are undertaken? How is the policy implementation monitored?

3 Arrangement (systems and procedures)

This part of the policy deals with the practical arrangements by which the policy will be effectively implemented. These include:

safety training; safe systems of work; environmental control; safe place of work; machine/area guarding; internal communication/participation; utilization of safety committee(s) and safety representatives; fire safety and prevention; medical facilities and welfare; maintenance of records; accident reporting and investigation; emergency procedures;

1)

Definition: What is a Company Policy?

A Company Policy is a documented set of basic principles and associated guidelines, formulated and enforced by the governing body or an assigned committee of an organization that direct and limit a companys decisions and actions in pursuit of its objectives.

2) Why Create Company Policies?

No matter what the size of your company, company policies can be simple to write and implement, while adding structure to the great things you are already doing. Specifically, company policies: drive strategic planning, and help set expectations and performance objectives. lead to more efficient internal operations. engage and align the values of stakeholders; and build mutual understanding of expectations and challenges. ensure accountability. create transparency. promote ethical and responsible decision-making. assess and mitigate risk.

Training need analysis : Insurance company

Very often times the appraisal process is viewed by the appraise as a negative or critical-only situation. This happens because the appraiser is ineffective or incompetent in the delivery process for various reasons including poor mentoring, poor judgment, so it is very important to give proper training about company policy of appraisal system as it have following importance: Accuracy - The only "assessment method" many companies rely on is individual managers evaluating the capabilities of their people. First, multiple ratings are obviously more accurate than a single person's view, as long as the raters are properly selected. Acceptance - The motivational component here is particularly important, because no matter how accurate. Optimum Utilization of Human Resources Training and Development helps in optimizing the utilization of human resource. Development of Human Resources Training and Development helps to provide an opportunity and broad structure for the development of human resources. Development of skills of employees Training and Development helps in increasing the job knowledge and skills of employees at each level. Team spirit Training and Development helps in inculcating the sense of team work, team spirit, and inter-team collaborations. Organization Culture Training and Development helps to develop and improve the organizational health culture and effectiveness. It helps in creating the learning culture within the organization. Individual development - This is the primary reason for, and the most common use of, 360 degree feedback.

Training objectives

In the insurance company the appraisal is based on the achievement of targets, when the employee achieve the target they get the appraisal according to the target so it is important for the organization to adopt both target based appraisal system and 360 degree appraisal system in the company so that there can be accuracy in the judgment of the employee performance for that purpose training is very important so that each and every employee can know about the working of the appraisal system and on that basis development program for the employee can be set for the development of the employee.

Design plan for training:Participant: - No of participants which they are involving in term of training Trainer: - The people who are professional trained and are planned to trained freshers. Duration: - one month Venue: - Companys training hall.

Measuring effectiveness of training:-

A large number of insurance organization are setting up there own training faculties. They are also inviting outside faculty to conduct in company courses for executives at all levels. Training is expensive if it does not serve the purpose for which it is given. The training should be able to improve the capabilities of individuals and collectively that of the organization. The organization has to identify what skills, attitudes,

behavior, knowledge .conceptual and operating capabilities are needed and which of these can be utilized in insurance company through training. Another critical area for insurance sector is deriving expected benefits from training is the measurement of training effectiveness- how well the training inputs are serving the intended purpose. Thus there are 2 kinds of training output that insurance sector need to measures. 1) The changes in mind set such as work related attitude, values, interpersonal & personal attributes. 2) The utilization of what is learnt on the job & problem solving abilities