HR Planning Karvy
HR Planning Karvy
HR Planning Karvy
SADHANA
HALL TICKET NO.:202E1E0057
BATCH: 2020-2022
COLLEGE: VAAGESWARI
INSTITUTE OF MANAGEMENT
STUDIES
1
SUMMER INTERNSHIP
A STUDY ON HR PLANNING
AT
KARVY
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CHAPTER-I
INTRODUCTION
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INTRODUCTION
“a series of activities which: first enable working people and their employing
organisations to agree about the objectives and nature of their working relationship
and, secondly, ensures that the agreement is fulfilled"
".......those decisions and actions which concern the management of employees at all
levels in the business and which are related to the implementation of strategies directed
towards creating and sustaining competitive advantage"
Introduction
Planning is very important to our everyday activities. Several definitions have been
given by different writers what planning is all about and its importance to achieving our
objectives. It is amazing that this important part of HR is mostly ignored in HR in most
organizations because those at the top do not know the value of HR planning.
Organizations that do not plan for the future have less opportunities to survive the
competition ahead. This article will discuss the importance of HR planning; the six
steps of HR planning that is : Forecasting; inventory, audit, HR Resource Plan;
Actioning of Plan; Monitoring and Control.
Definition of HR Planning
Importance of Planning
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Planning is not as easy as one might think because it requires a concerted effort to come
out with a programme that would easy your work. Commencing is complicated, but
once you start and finish it you have a smile because everything moves smoothly.
Planning is a process that have to be commenced form somewhere and completed for a
purpose. It involves gathering information that would enable managers and supervisors
make sound decisions. The information obtained is also utilized to make better actions
for achieving the objectives of the Organization. There are many factors that you have
to look into when deciding for an HR Planning programme.
The programme does not assist the Organization only, but it will also facilitate the
career planning of the employees and assist them to achieve the objectives as well. This
augment motivation and the Organization would become a good place to work. HR
Planning forms an important part of Management information system.
HR have an enormous task keeping pace with the all the changes and ensuring that the
right people are available to the Organization at the right time. It is changes to the
composition of the workforce that force managers to pay attention to HR planning. The
changes in composition of workforce not only influence the appointment of staff, but
also the methods of selection, training, compensation and motivation. It becomes very
critical when Organizations merge, plants are relocated, and activities are scaled down
due to financial problems.
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SCOPE OF THE STUDY
1) To increase productivity.
2) To improve quality.
6) Obsolescence prevention.
7) Personal growth.
RESEARCH METHODOLOGY
There is a present need for HR planning measures. So that new and changed
techniques may be taken advantage and improvements effected in new methods,
which are woefully inefficient. Training is practical and of vital necessity because,
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apart from other advantages mentioned, and increase their “Market Value”, earning
power job securi
Team Building
Time Management
It uses all the technology available and modern equipment in HR planning
programmers. In a contemporary study, it was revealed that it is more inflammable so
the workers and superiors must concentrate on the work what they are doing. At any
time if they don’t concentrate on their work it is very dangerous to the whole
industry.
OBJECTIVES OF RESEARCH
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RESEARCH INSTRUMENT:
In order to collect the data from the people in organization the research
instrument used is QUESTIONNAIRE.
1) Primary data.
2) Secondary data.
Primary data
Secondary Data
Management books
Journals
Newspapers and Internet web: www.induprojects.coms
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Sample is device for learning about masses by observing a few
individuals, that selected sample is “100”.
Non Probability Sampling (Non Random): The method do not provide every item
in the universe with a known chance of being included in the sample. The selection
process is at least particularly subjective.
1. Firstly the respondents were not available readily and the data were collected as
per the convenience of the respondents.
2. Secondly the sample of 100 respondents was given by the organization hence
appropriate sample technique was not applied for selecting the respondents.
3. Thirdly, time is also one of constraints. Duration of 45 days is not sufficient to
cover all the aspects of the study.
For the above limitation the study conducted may not give the true
representation of the entire organization.
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CHAPTER-II
COMPANY PROFILE
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COMPANY PROFILE
Background:
Karvy Consultants Limited was started in the year 1981, with the vision and enterprise
of a small group of practicing Chartered Accountants. Initially it was started with
consulting and financial accounting automation, and carved inroads into the field of
registry and share accounting by 1985. Since then, it has utilized its experience and
superlative expertise to go from strength to strength…to better its services, to provide
new ones, to innovate, diversify and in the process, evolved as one of India’s premier
integrated financial service enterprise.
Today, Karvy has access to millions of Indian shareholders, besides companies,
banks, financial institutions and regulatory agencies. Over the past one and half
decades, Karvy has evolved as a veritable link between industry, finance and people. In
January 1998, Karvy became the first Depository Participant in Andhra Pradesh. An
ISO 9002 company, Karvy's commitment to quality and retail reach has made it
an integrated financial services company.
An Overview:
KARVY, is a premier integrated financial services provider, and ranked among the top
five in the country in all its business segments, services over 16 million individual
investors in various capacities, and provides investor services to over 300 corporates,
comprising the who is who of Corporate India. KARVY covers the entire spectrum of
financial services such as Stock broking, Depository Participants, Distribution of
financial products - mutual funds, bonds, fixed deposit, equities, Insurance Broking,
Commodities Broking, Personal Finance Advisory Services, Merchant Banking &
Corporate Finance, placement of equity, IPOs, among others. Karvy has a professional
management team and ranks among the best in technology, operations and research of
various industrial segments.
Today, Karvy service over 6 lakhs customer accounts spread across over 250
cities/towns in India and serves more than 75 million shareholders across 7000
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corporate clients and makes its presence felt in over 12 countries across 5 continents.
All of Karvy services are also backed by strong quality aspects, which have helped
Karvy to be certified as an ISO 9002 company by DNV.
ACHIEVEMENTS:
Karvy Consultants limited deals in Registrar and Investment Services. Karvy is one of
the early entrants registered as Depository Participant with NSDL (National Securities
Depository Limited), the first Depository in the country and then with CDSL (Central
Depository Services Limited).
Karvy stock broking is a member of National Stock Exchange (NSE), The Bombay
Stock Exchange (BSE), and The Hyderabad Stock Exchange (HSE). The services
provided are multi dimensional and multi-focused in their scope: to analyze the latest
stock market trends and to take a close looks at the various investment options and
products available in the market. Besides this, they also offer special portfolio analysis
packages.
The paradigm shift from pure selling to knowledge based selling drives the
business today. The monthly magazine, Finapolis, provides up-dated market
information on market trends, investment options, opinions etc. Thus empowering the
investor to base every financial move on rational thought and prudent analysis and
embark on the path to wealth creation.
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Karvy is recognized as a leading merchant banker in the country, Karvy is registered
with SEBI as a Category I merchant banker. This reputation was built by capitalizing on
opportunities in corporate consolidations, mergers and acquisitions and corporate
restructuring.
Karvy has a tie up with the world’s largest transfer agent, the leading Australian
company, Computer share Limited. It has attained a position of immense strength as a
provider of across-the-board transfer agency services to AMCs, Distributors and
Investors. Besides providing the entire back office processing, it also provides the link
between various Mutual Funds and the investor.
Karvy global services limited covers Banking, Financial and Insurance Services
(BFIS), Retail and Merchandising, Leisure and Entertainment, Energy and Utility and
Healthcare sectors.
Karvy comtrade limited trades in all goods and products of agricultural and mineral
origin that include lucrative commodities like gold and silver and popular items like oil,
pulses and cotton through a well-systematized trading platform.
Karvy Insurance Broking Pvt. Ltd. provides both life and non-life insurance
products to retail individuals, high net-worth clients and corporates. With Indian
markets seeing a sea change, both in terms of investment pattern and attitude of
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investors, insurance is no more seen as only a tax saving product but also as an
investment product.
Karvy Inc. is located in New York to provide various financial products and
information on Indian equities to potential foreign institutional investors (FIIs) in the
region. This entity would extensively facilitate various businesses of Karvy viz., stock
broking (Indian equities), research and investment by QIBs in Indian markets for both
secondary and primary offerings.
.Quality Policy:
To achieve and retain leadership, Karvy shall aim for complete customer satisfaction,
by combining its human and technological resources, to provide superior quality
financial services. In the process, Karvy will strive to exceed Customer's expectations.
Quality Objectives
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Strive to keep all stake-holders (shareholders, clients, investors, employees, suppliers
and regulatory authorities) proud and satisfied
CHAPTER-III
REVIEW OF LITERATURE
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Steps in HR Planning
Forecasting
HR Planning requires that we gather data on the Organizational goals objectives. One
should understand where the Organization wants to go and how it wants to get to that
point. The needs of the employees are derived from the corporate objectives of the
Organization. They stern from shorter and medium term objectives and their conversion
into action budgets (eg) establishing a new branch in New Dehli by January 2006 and
staff it with a Branch Manager (6,000 USD, Secretary 1,550 USD, and two clerical staff
800 USD per month. Therefore, the HR Plan should have a mechanism to express
planned Company strategies into planned results and budgets so that these can be
converted in terms of numbers and skills required.
Inventory
After knowing what human resources are required in the Organization, the next step is
to take stock of the current employees in the Organization. The HR inventory should
not only relate to data concerning numbers, ages, and locations, but also an analysis of
individuals and skills. Skills inventory provides valid information on professional and
technical skills and other qualifications provided in the firm. It reveals what skills are
immediately available when compared to the forecasted HR requirements.
Audit
We do not live in a static World and our HR resources can transform dramatically. HR
inventory calls for collection of data, the HR audit requires systematic examination and
analysis of this data. The Audit looks at what had occured in the past and at present in
terms of labor turn over, age and sex groupings, training costs and absence. Based on
this information, one can then be able to predict what will happen to HR in the future
in the Organization.
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HR Resource Plan
Here we look at career Planning and HR plans. People are the greatest asserts in any
Organization. The Organization is at liberty to develop its staff at full pace in the way
ideally suited to their individual capacities.
The main reason is that the Organization’s objectives should be aligned as near as
possible, or matched, in order to give optimum scope for the developing potential of its
employees. Therefore, career planning may also be referred to as HR Planning or
succession planning.
a) Are we making use of the available talent we have in the Organization, and
have we an enough provision for the future?
b) Are employees satisfied with our care of their growth in terms of advancing
their career?
Auctioning of Plan
2) There must be acceptance and backing from top management for the planning.
3) There must be knowledge of the available resources (i.e) financial, physical and
human (Management and technical).
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Once in action, the HR Plans become corporate plans. Having been made and concurred
with top management, the plans become a part of the company’s long-range plan.
Failure to achieve the HR Plans due to cost, or lack of knowledge, may be a serious
constraints on the long-range plan. Below is an illustration of how HR Plan is linked to
corporate Plan.
Human resource planning is the process of analyzing and identifying the needs for and
availability of human resources so that the organization can reach its objectives. Both
employee retention and attracting new talent make HR planning a core competency to
creating your organization’s successful future. By linking HR planning to your
company’s strategic goals, you and your HR team ensure your organization’s
competitive advantage.
In order to create a successful HR plan, you first need to ask, “What are the purposes of
human resource planning?” There are four tasks that a HR plan will accomplish:
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3. Make sure you’re up-to-date on your labor market, e.g. the talent that is
available to you now and in the future (forecasting workforce supply).
4. Help you create or modify HR policies, procedures and practices to align the
Best Practices
The planning processes of most best practice organizations not only define what will be
accomplished within a given timeframe, but also the numbers and types of human
resources that will be needed to achieve the defined business goals (e.g., number of
human resources; the required competencies; when the resources will be needed; etc.).
These strategies and programs are monitored and evaluated on a regular basis to ensure
that they are moving the organizations in the desired direction, including closing
employee competency gaps, and corrections are made as needed. This Strategic HR
Planning and evaluation cycle is depicted in the diagram below.
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CHAPTER-IV
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1) Do you feel that training programmers are necessary for employees?
NO OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
2 NO 0 0
% OF RESPONDENTS
120
100
80
60
40
20
0
1 2
YES NO
Interpretation:
From the above analysis we can say that 100% employees feel that the
training programmers are necessary for employees. The 0% employees feel that training
programmers are not necessary for employees.
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2)Training &development programmers affect employees in getting promotion. Do you
agree?
S.N NO. OF % OF
O OPTIONS RESPONDENTS RESPONDENTS
2 DISAGREE 0 0
% OF RESPONDENTS
120
100
80
60
100
40
20
0 0
1 2
Agree Disagree
Interpretation:
About 100% of the employees agreed that the training and development
programmers affect employees in getting promotion and 0% of the employees
disagreed that the training and development programmers affect employees in getting
promotion.
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3) Are you satisfied with present HRM Planning following in your
organization?
NO OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
1 YES 56 56
2 NO 44 44
% OF RESPONDENTS
No
44%
Yes
56%
Interpretation:
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4) Are you satisfied with working conditions in your organization?
NO OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
1 YES 80 80
2 NO 20 20
% OF RESPONDENTS
20%
Yes
No
80%
Interpretation:
From the above analysis 80% of the employees are satisfied with working
conditions in this organization. Rest 20% of the employees are satisfied with Working
conditions in this organization.
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5) Did Organization give sufficient freedom to express your views and
suggestions?
NO OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
2 NO 0 0
% OF RESPONDENTS
100%
90%
80%
70%
60%
50% 100
40%
30%
20%
10%
0% 0
1 2
Yes No
Interpretation: All the employees are satisfactory in the expiration of their views and
suggestions
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6) Does your management give you recognition for good results?
S NO OF % OF
.NO OPTIONS RESPONDENTS RESPONDENTS
1 YES 80 80
2 NO 20 20
% OF RESPONDENTS
20%
No
Yes
80%
Interpretation:
From the above analysis we can say that 80% of the employees respond that their
management gives recognition for their good results. And 205 of the employees
respond that their management not gives recognition for their good results.
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7) Duration of training & Development programmed is sufficient?
S. NO OF % OF
NO OPTIONS RESPONDENTS RESPONDENTS
1 YES 20 20
2 NO 80 80
% OF RESPONDENTS
90
80
70
60
50
40 80
30
20
10 20
0
1 2
Yes No
Interpretation:
From the above analysis we can say that 80% of the employees
are
not sufficient for duration of the programmed. And 20% of the employees are
sufficient
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8) Do you think that incentives are needed for attending training
programmers?
NO OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
2 NO 0 0
% OF RESPONDENTS
120
100
80
60
100
40
20
0 0
1 2
Yes No
Interpretation:
From the above analysis we can say that 100% of the employees feel
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9) Duration of the Strategy of individual employee programmed is:
S.N NO.OF % OF
O OPTIONS RESPONDENTS RESPONDENTS
SHORT
1 TERM 40 40
2 MEDIUM 60 60
3 LONG TERM 0 0
% OF RESPONDENTS
long term
0%
short term
40%
Medium
60%
Interpretation:
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10) Do you have promotional policies in organization?
NO OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
2 NO 0 0
% OF RESPONDENTS
No
0%
100%
Yes
Interpretation:
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11) Will you have an opportunity to apply your newly acquired knowledge
and skills?
S.N NO. OF % OF
O OPTIONS RESPONDENTS RESPONDENTS
1 TO SMALL EXTENT 20 20
2 TO FULL EXTENT 56 56
3 TO GREAT EXTENT 24 24
% OF RESPONDENTS
60
50
40
30 56
20
10 20 24
0
1 2 3
Small Full Great
Interpretation:
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12) What is the overall impression of the Organization?
NO.OF % OF
S.NO OPTIONS RESPONDENTS RESPONDENTS
1 EXCELLENT 0 0
2 GOOD 60 60
3 SATISFACTORY 40 40
4 POOR 0 0
% OF RESPONDENTS
0% 4
0% 1
40% 1
3 2
2 3
60% 4
Interpretation:
About 60% of the employees opinion is Good on the overall impression of the
organization. 30% of the employees were Satisfactory and 0% of the employees were
Excellent and Poor on the overall impression of the organization
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CHAPTER-V
FINDINGS
SUGGESSIONS
CONCLUSIONS
BIBLIOGRAPHY
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CONCLUSIONS
FINDING
The HRM Planning program may be arranged so that each of the employees under
goes it at least once in a year.
The training sessions should be handled by both the internal and external faculty
so that it provides more comfort and also the knowledge of the external
environment.
The modern methods of HRM planning should be used so as to have a competitive
edge in the market place.
The organization should also have high emphasis on the accuracy of performance in
the program.
Training should be given to all groups at all levels to improve the efficiency on the
whole.
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The HRM planning conducted should be need training programs for improvement
of the skills and the knowledge.
All the employees should be provided a minimum and basic technical knowledge
SUGGESTIONS
The conclusions so far drawn from the study tempts to offer the following suggestions
for making the organization ready for empowerment. The conclusions drawn above
convince anybody to identify the following areas to chart out training programs for the
executives to make them completely ready for empowerment
1. A general training program covering the importance of and need for employee
empowerment in the light of global competition is to be designed in brainstorming
session involving internal and external experts.
2. The present study identifies the following areas in which training is to be
undertaken.
A training program may be undertaken for Executives in general and to Senior
Executives in particular to convince and make them accept the empowerment
concept.
Executives working in technical areas to be trained effectively in the areas of their
role and interpersonal dependence and relations to make empowerment more
fruitful.
A training program may be undertaken about "Shared Leadership" which brings
high morale and high productivity and makes the empowerment a success.
3. The subordinate staff who is going to be empowered must be ready to take up this
responsibility. A study is to be conducted among the subordinate staff to find out
their readiness to discharge the new roles under this empowerment program. This
helps in identifying the training areas, to make the subordinate staff completely
ready for undertaking empowerment.
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BIBLIOGRAPHY
www.karvy.com
www.hrindia.com
www.hrstrategy.in
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QUESTIONNAIRE
8. Do you think that incentives are needed for attending training programmers?
A. YES B. NO
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13) Any suggestions
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