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Assignment report On
HR POLICIES OF A COMPANY
Submitted to REVA university in the partial fulfilment of
Masters of Commerce
Submitted by:
DHANUSH(R19MC006)
RESHMA(R19MC017)
SHWETHA.S(R19MC020)
SNEHA(R19MC021)
Submitted to:
Dr. Meenakshi Verma
September 2019
Rukmini knowledge park, kattigenahalli, Yelahanka, Bangalore-560064
www.reva.in
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PREFACE
Human resource management is concerned with people element in management. Since
every organization is made up of people, acquiring their services, developing their
skills/ motivating to high level of performances and ensuring that they continue to
maintain their commitments to the organization which are essential to achieve
organizational objectives.
This report is meant to know the Human Resource Policies in the organization. The HR
Policies are a tool to achieve employee satisfaction and thus highly motivated
employees. The main objective of various HR Policies is to increase efficiency by
increasing motivation and thus fulfil organizational goals and objectives.
The objective is to provide the reader with a framework of the HR Policy Manual and
the various objectives that the different policies aim to achieve. The main focus was on
the managerial levels of employees in TRIDENT INFOSOL PVT LTD.
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ACKNOWLEDGMENT
We, students of M.com, sincerely thank to all those people who have been giving us assistance in
the making of this project report.
We express our gratitude to all teachers, who was through their vast experience and knowledge
has been able to guide us, both ably and successfully towards the completion of the project
report. We express our gratitude to Reva University, Bangalore.
We would hereby, take the opportunity by expressing our sincerest thanks to all my faculties
whose teaching gave us conceptual understanding and clarity of comprehension, which
ultimately made our job easy.
We are also grateful to HR and HR Department of Trident Infosol PVT LTD, for helping us, get
the information and an invaluable experience.
Last but not the least Credit also goes to all our friends whose encouragement kept us in good
stead. Their continuous support has given us the strength and confidence to complete the
project without any difficulty.
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DECLARATION
We being students of M.com of Reva university, Bangalore. Hereby declares that the
project report under the title “HR POLICIES OF A COMPANY” is our original work
containing authentic facts.
This piece of work is only being submitted to REVA University in the partial fulfilment
for the degree of Post-Graduation in Commerce.
Thank you
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TABLE OF CONTENT
SERIA CHAPTER PAGE No.
L No.
1. Introduction 6-9
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Trident Infosol Private Limited’s Annual General Meeting (AGM) was last held on 29
September 2018 and as per records from Ministry of Corporate Affairs (MCA), its
balance sheet was last filed on 31 March 2018.
BUSINESS OPERATION
Recognizing the technological and economic challenges faced by the customers in
today's competitive market place, they offer range of products, solutions and integration
services for various applications meeting demanding environmental conditions.
Conceptual Design & Validation
Requirement Capture
Requirement Traceability Tools
Modelling
CFD Analysis
Mathematical Computation
Analog/Mixed Signal Simulation tool chains
Reliability Analysis
Static & Dynamic Analysis
Product Design & Development
Embedded code Development & Debug
Safety Critical RTOS
Graphical Environment
OpenGL Libraries -SC & ES
RADAR Video Processing, Scan Conversion & Display Presentation
Tracking Solutions
ECDIS Solutions
Prototyping & Testing
COTS (Open System Architecture)
SBC, I/Os, Video & Graphics
Avionics & Communications Interfaces
Stand-alone (Small Form Factor)
Signal Processing
Multicore Multiprocessor Boards
FPGA, GPGPU, IF & RF Processing
Rugged -Servers, NAS
Ethernet Switch
Data Recorders & Playback
Rugged Enclosures
Backplanes
Power Supply Units
Mass Storage
Integrated System Deployment
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System & Sub System
Power Supply Units
Display Consoles
Enclosures - integrated with Rugged COTS ported with RTOS and required Drivers
DC Power Management Solutions
Power Sources
Power Distribution Systems
Up/Down Converters, Rectifiers
Rugged UPS Systems
CULTURE
Trident Infosol Pvt Ltd. has its state-of-the-art, in-house design capability and
fabrication facility located in Bangalore.
Their spacious centre has sophisticated infrastructure coupled with an array of
advanced workstations, cutting edge computing and network systems, enhanced
conference halls. High-speed data communication links provide connectivity from our
work floors to clients worldwide.
With Design, Engineering, Manufacturing, Integration, Testing, Project Management,
Technical support services and Sales Teams under one roof, we provide extended
services to all our customers which enable them to focus on their capabilities.
They are capable of executing large and mission critical assignments for all kinds of
applications quickly, delivering complete solutions in an expedited time frame. Our
facilities provide an ideal and excellent environment for our skilled professionals.
They catering to new ones to become the number one embedded product
manufacturing company in India.
PARTNERS
They offer a single source for all your development needs related to software, hardware,
design services and fully integrated systems for a range of applications. We are end-to-
end solution provider catering to your complete product Development life cycle right
from concept design to final acceptance test and beyond meeting your quality needs,
duty conditions & standards, and assuring continued support. We bring affordability for
you with our cost-effective solutions, reuse of existing design for customization and
flexibility to work on limited volume production. We also support your short
development cycles with reduced risk ensuring faster time-to-market. A combination of
passion for excellence and understanding of the market ensure our sustained growth
and continuous support for our esteemed customers.
VISION
To be a major supplier of Strategic Electro Mechanical and Avionic system for Global
Military and Aerospace Industry.
To develop cutting edge and end to end solution by innovative design and
development.
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To be active partner in system level solutions for Defence, Aerospace and Industrial
applications there by adding value to all stake holders.
MISSION
To emerge as the most preferred technological partner and be a potential business
associate in the field of Strategic Electronics and Avionics for Defence and private sector
companies by providing cost effective, competitive and customized solutions for Electro
Mechanical application on an integrated approach and turnkey philosophy.
QUALITY POLICY
Continually improve the quality of our services in line with our mission objectives
and attain customer delight for our products and services.
To meet challenges of developing & supplying strategic electromechanical systems,
build up technology, analytical & manufacturing capabilities & process with required
human resources and infrastructure.
To be a company responsive to customers feedback and continually improve quality,
delivery, technology and extended product support.
QUALITY OBJECTIVES
To enhance the customer satisfaction by quality and delivery of our products.
To achieve high quality standards and timely deliveries for defect free products,
thereby enhancing business outlook.
To reduce Non-conformance at various stages by monitoring and measuring the
process.
To improve the technical expertise of our organization through periodic training.
RESEARCH AND DEVELOPMENT
At Trident Infosol, R&D is the key to survival and growth, given that a fast-paced global
environment results in ever changing customer needs and new products and processes
drain away competitiveness. From mere quality issues, Trident Infosol has now moved
into the field of customized chemicals, newer technologies, expanding applications that
satisfy customers.
They have a central R&D facility, the Trident Research &Development Centre (TRDC) at
Pune that has been approved by the Government of India., Dept. of Science &
Technology. TRDC has a sophisticated analytical laboratory and facilities for testing new
technologies and new products.
Approved by the Government of India., Dept. of Science & Technology, the centre is
primarily engaged in research and process development for new products as well as
optimization of the manufacturing processes for existing products. The pilot plant of the
company ensures solutions for extremely demanding customers.
FORMULATING POLICIES
There are five principal sources for determining the content and meaning of
policies:
1. Past practice in the organization.
2. Prevailing practice in rival companies.
3. Attitudes and philosophy of founders of the company has also its directors
and the top management.
4. Attitudes and philosophy of middle and lower management.
5. The knowledge and experience gained from handling countless personnel problems
on day to day basis.
BENEFITS OF HR POLICIES
Organizations should have personnel policies as they ensure the following benefits:
1. The work involved in formulating policies requires that the management give deep
thought to the basic needs of both the organization and the employees. The
management must examine its basic convictions as well as give full consideration to
the prevailing practices in other organizations.
2. Established policies ensure consistent treatment of all personnel throughout the
organization. Favouritism and discrimination are, thereby, minimized.
3. Continuity of action is assured even though top management personnel change. The
CEO of a company may possess very sound personnel management philosophy.
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He/she may carry the policies of the organization in his/her head, and he she may
apply them in an entirely fair manner. But what happens when he/she retires? The
tenure of office of nay manager is finite. But the organization continues. Policies
promote stability.
4. Policies serve as a standard of performance. Actual results can be compared with the
policy to determine how well the members of the organization are living up to the
professional intentions.
5. Sound policies help build employee motivation and loyalty. This is especially true
where the policies reflect established principles of fair play and justice and where
they help people grow within the organization.
6. Sound policies help resolve intrapersonal, interpersonal and intergroup conflicts.
The various procedures that form the HR Policy of the Organization are:
1. Recruitment and selection of manpower
2. Induction and Placement
3. Job Rotation
4. Performance appraisal
5. Counselling
6. Career Planning
7. Succession planning
8. Employee training and Development
9. Human Resource Information Management System
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10. Retirement Planning
11. Job Enrichment
12. Exit Interviews
A brief preview of the above-mentioned policies and the various objectives that these
policies aim to achieve are given in the subsequent explanations.
1. RECRUITMENT POLICY
In Trident Infosol, recruitment and selection of personnel is explicitly based on the
criteria of their knowledge, skills and attitudes, so as to secure super achievers and
nurture them to excel in their performance.
All fresh candidates are absorbed only after satisfactory completion of appropriate
training.
All direct recruitment is through the HR department.
Detailed selection procedures as decided from time to time are adhered to without
any compromise.
Above procedures shall undergo continuous refinement through evaluation and
feedback.
DOCUMENTATION
1. Individual personal files are maintained.
2. Computerised Personal details are maintained.
3. After separation also the personal files are maintained of ex-employees.
4. Position wise Data Banks are maintained for future reference.
5. The following formats shall be generated as a result of implementation on this
procedure.
SOURCES OF RECRUITMENT
Sources of recruitment can be classified into two categories
(i) Internal Sources
(ii) External Sources
Following tests are adopted for selection: -
1. Achievement
2. Aptitude
3. Interest
4. Personality
5. Intelligence.
6. Leaderless Group Discussion
7. Interview
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2. INDUCTION AND PLACEMENT POLICY
At Trident Infosol, new recruits imparted such induction, orientation, training and
placement so as to individuals to the task and inculcate a high sense of
organizational loyalty.
The HRD Department and the concerned heads of parent departments prepare a
well-structured Induction Program to acquaint the new recruits with the people,
organizational structure, and interface between different departments, functions
and culture of the organization.
The Induction Program is formulated to suit the position of the candidate and
necessary to be provided to him.
Process
1st day you will get a one-day pass and u will attend the orientation, your infy
launchpad documents will be verified and your id's will be started processing
Then on second day u will get your temp pass for one week valid and one temp
punch card to go in and out of DC.
One you get your default id, domain and password, u will have to login and change
your password apply for I'd card which is a smart card with a chip
For that u need a photo with plain background. Upload photo select how you want
your name to appear then apply. U will get your id card on third day probably.
You will be reviewing seminars, sessions on various things and also some unit
details and BP HR to connect for projects
There will be few introductory sessions and sessions on different topics like Design
Thinking and Creative confidence like these.
Then you can call HR on 4th or 5th day min for project allocation and interviews.
Whole Induction process takes 3–4 days then all good
Probation period is six months 180 days. Upload relevant documents whenever
required otherwise it will be extended
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Performance Appraisal grooms every individual to realize his potential in all facets
by helping to identify and achieve his personal goals within the framework of
organizational objectives.
Appraisals shall be ethical and impartial so as to recognize worthy contributions
appropriately and in time in order to maintain a high level of employee motivation
and morale.
The Performance Appraisal Systems aims at integration of individual and
organizational goals.
Infosol believes in meritocracy and has built a high-performance work culture among its
workforce. To align the employee’s performance with Infosys business goals, regular
performance driven appraisals are conducted. Infosys has three tracks for its
performance appraisal system, they are:
Track 1
The first track deals with review of performance relying on feedback and tasks on
technical/ personality competencies. Infosys is moving to a role-based structure and
competencies for each of the roles with standard expected levels of behaviours.
Training needs are derived based on the task’s evaluations and competency feedback.
Track 2
The second track is the senior management appraisal. People in managerial roles
undergo this annually. Here the employee fills up a self-appraisal form and carries it
forward to a panel of discussion. The panel includes:
The head of the department.
The immediate supervisor of the appraise.
Senior management personals from another department.
Promotions are decided on the basis of their review.
Track 3
360-degree appraisal constitutes the third track. This has been happening over the last
3 years for all departments and practice units. Levels covered include the head of
delivery, heads of departments/practice units, all the people who report to the heads
and all others holding leadership positions in the organization.
5. COUNSELLING
Counselling sessions, which are conducted by HR Department or Professional
Counsellor or Performance Appraiser, are available to all the employees in order to fulfil
the following objectives:
To enhance employees’ competence and job satisfaction.
To prepare employees for future responsibilities.
To establish a better working relationship between the superior and subordinate.
To enable employees to cope with personal problems.
6. CAREER PLANNING POLICY
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Career Planning system in Trident Group is aimed at developing people of the right
calibre to meet present and future needs of the organization. It shall be an essential
ingredient for Succession Planning.
The mandatory factors to be considered prior to career planning shall be:
The organization’s long- and short-term plans.
Manpower skills required towards implementing these plans.
Attrition rate of people with high potential, above average and average calibre.
Recruitment through internal and external sources at all levels and its ratio as
appropriate to the organization.
The number of people recruited and trained every year.
Infosol will double the pay packages of its employees who undergo courses under the
bridge programme. Under the initiative, employees are trained in various high-level
skills and moved to different roles, which demand high skill sets.
7. SUCCESSION PLANNING POLICY
HODs and above identify successors, primary and secondary, to his position at the time
of annual appraisal. This is reviewed every year along with the annual appraisal.
8. TRAINING AND DEVELOPMENT POLICY
At Trident Group, training and development activities strive to ensure continuous
growth of organization by nurturing the strengths of the employees and providing
the environment and opportunity for every individual to realize his/her potential.
The policy aims at broadening the outlook of the individuals and bridging the gap
between actual performance and the performance necessary to deliver results.
Facilities are provided to all individuals towards self-development and all-round
growth through training.
HR Department identifies average performers and provide special training.
Safety flows from safe behaviours and attitudes. Regular training is provided to all
employees and contractors to increase their awareness and to improve their behaviours
and attitudes towards safe working practices;
9. HUMAN RESOURCE INFORMATION MANAGEMENT SYSTEM
Human Resource Information Management Systems (HRIMS) aims at:
a. Providing accurate information about employees to management for decision
making.
b. Eliminating duplication of efforts.
c. Offering quick and easy access to human resource information at random as well as
in regular report form.
The system has two layers of security. Access to the system is through keying in the
valid combination of username and password. Permission to access certain
programs is restricted to identify key personnel.
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An integrated employee database is maintained and continuously updated with
information from personnel at regular intervals regarding biographical data, work
experience, qualifications, appraisal, training and career paths.
10. RETIREMENT PLANNING
At Trident Group, retirement of all individuals is aided through planned programs by
HR Department so as to lessen the associated misgivings and anxiety.
PROVIDENT FUND POLICY
Eligibility:
All Employees
Entitlement:
Contribution from employee - 12% p.m. of basic salary
Contribution from employer - 12% p.m. of basic salary
The contribution from the company goes towards Family Pension Fund (FPF) and
Provident Fund.
The sum going toward FPF is 8.33% of the basic salary subject to a maximum of Rs.
541(maximum basic of Rs.6500).
The balance amount goes to Provident Fund. The SOP for the nomination and claims for
PF is as enclosed.
GRATUITY POLICY
Eligibility:
All employees with minimum 5 years of continuous service with the company.
Entitlement:
15 days basic salary for each completed year of service subject to maximum limit of 10
Lacs.
11. JOB ENRICHMENT
Trident Group follows a people cantered approach to job enrichment with a view to
enhance the performance of the employee, leading to higher job satisfaction.
UNIFORM & LEVERAGE
Uniform is compulsory for all the employees of Trident Infosol. The executives are
provided with three pairs for every two years and workmen are given two pairs a year.
For the purpose of safety in the Company they are also being provided with safety
shoes. Operation and maintenance staff are given two pairs of safety shoes per year
whereas the lady employees are provided with one pair of sandals every year. In
addition to this a pair of raincoats is provided for every four years.
MEDICLAIM
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Mediclaim is a policy in which the company runs the hospitals for all the employees of
Trident Infosol and provides free medical facilities.
To meet the unforeseen relating to hospitalization employees the employees are
covered under this policy.
This policy is applicable to all the executives for self, spouse, dependent parents and
dependent children. Trainees will be covered under Mediclaim Policy for self only.
HOUSING
Eligibility:
All employees are eligible for the accommodation in company quarters in the colonies at
the locations.
House Rent Policy:
House rent will be recovered from the employees staying un the company provided
quarters at Unit locations or Head Office.
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3. Privilege Leave
4. Superannuation Scheme
5. Medical Reimbursement & Hospitalization
6. Dental Policy
7. Group Accident Insurance Scheme
CONCLUSION
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Study shows that
1. The Policy of the company provides facilities for all round growth of individuals by
training in-house and outside the organization, reorientation, lateral mobility and self-
development through self-motivation.
2. The Policy grooms every individual to realize his potential in all facets while
contributing to attain higher organizational and personal goals.
3. The Policy builds teams and foster team-work as the primary instrument in all
activities.
4. The Policy implements equitable, scientific and objective system of rewards,
incentives and control.
5. The Policy recognizes worth contributions in time and appropriately, so as to
maintain a high level of employee motivation and morale.
6. The employees agree on the part of their performance that they know what is
expected from them.
7. The employees understand how their work goals relate to company’s goals.
8. Company inspires the employees to do their best work every day.
9. The employees are not satisfied with the communication and decision- making
process as it leaks the information related to organization.
10.The employees do not receive the appropriate recognition and rewards for their
contributions and accomplishments.
11.The employees feel that they are not paid fairly for the contributions they make to
company’s success.
SUGGESTIONS &RECOMMENDATIONS
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1. The Performance Appraisal of employee is evaluated on the basis of 360-degree
feedback or 180-degree feedback.
2. The Organization should focus on mentor system intend to help employees in their
career progression.
3. The Organization should conduct Psychometric tests for employees.
4. The Training should be mandatory for all level of employees.
5. The Departments should develop constructive attitude towards each other.
6. The company should give the appropriate recognition for the contributions and
accomplishments made by employees. A flexible reward system should be adopted by
organization to improve employee motivation.
7. A more transparent and full proof communication system developed in the
organization.
8. Replacing the lacuna in the current system.
9. Wages and salary administration process should have a more scientific approach
laying stress on equal wages for equal work done.
ANNEXURES
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Questions to be asked to the HR manager regarding HR policies.
1. What according to you is more important for the promotion of an individual
performance or the potential?
2. Does your company’s staff have ESI (employee state insurance) or Mediclaim group
insurance?
3. Rewards and Recognition is very important for an employee. How does your
company recognize and reward the employee’s outstanding work?
4. Can you explain in short; the Recruitment policy followed by your company to attract
and hire talented candidates?
5. Recruitment and selection process is very important process. It consists of different
types of tests, interviews, and other methods. But what are the factors which determine
these tests, interviews and the difficulty of the same?
6. Use of the internet during working hours and using company’s internet for personal
work (social media) is the biggest concern for HR managers in today’s time. How do you
tackle these situations if you find out one of your employees is misusing the internet?
7. What are the Prohibited activities while using company’s internet?
8. How does your company deal with the internal whistle blowing?
9. Is there any uniform policy or dress code in your company?
10. What would be the biggest advantages of job rotation?
11. What are the tools used for performance appraisal in your company?
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