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Annexure-III
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ENROLLMENT NO :- 2250375560
EMAIL ID :- [email protected]
1. Annexure-I
2. Annexure-II
3. Annexure-III
5. Title 1
6. Introduction 2-6
8. Literature review 9 - 10
14. Bibliography 19
TITLE
SUBMITTED BY:-
NAME :- SUMIT KUMAR
ENROLLMENT NO. :- 2250375560
MOBILE NO. :- 8929220491
EMAIL ID :- [email protected]
PROGRAMME CODE :- MASTER OF COMMERCE (MCOM)
1
INTRODUCTION
Training is the method of determining if attaining need exists and, if it does, what training is
required to fill the gap. The training seeks to identify accurately the levels of the present
situation in the target surveys, interview, observation, secondary data, and/or workshop. The
gap between the present status and desired status may indicate problems that in turn can be
translated into a training need”.
The HR functioning is changing with time and with this change, the relationship between the
training function and other management activity is also changing. The training and
development activities are now equally important with that of other HR functions. Gone are
the days, when training was considered to be futile, a waste of time, resources, and money.
Nowadays, training is an investment because the departments such as marketing & sales, HR,
production, finance, etc depends on training for its survival. If training is not considered as a
priority or not seen as a vital part of the organization, then it is difficult to accept that such a
company has effectively carried out HRM. Training provides the opportunity to raise the profile
development activities in the organization.
To increase the commitment level of employees and growth in quality movement (concepts of
HRM), the senior management team is now increasing the role of training. Such concepts of
HRM require careful planning as well as a greater emphasis on employee development and
longterm education. Training is now the important tool of Human Resource Management to
control the attrition rate because it helps in motivating employees, achieving their professional
and personal goals, increasing the level of job satisfaction, etc. As a result, training is given on
a variety of skill development and covers a multitude of courses.
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Training is an important element in Human Resource Development (HRD) since it helps people
improve their knowledge, skills, and competences. In today's dynamic and competitive
business climate, organisations understand the crucial need of investing in human capital to
remain relevant and achieve long-term success. Training, as a systematic and structured
approach to learning, allows organisations to connect employee skills with organisational
goals, create continuous development, and drive organisational success.
Outside of the business, training can be pursued for personal development and self-
improvement. People engage in numerous sorts of training to improve their physical fitness,
discover new interests, develop creative skills, or learn about topics of interest. Training
enables people to stretch their limitations, challenge themselves, and experience personal
growth by learning new skills or improving their present capabilities.
Training is a critical procedure for acquiring information, improving abilities, and developing
competence in a given field. Training is essential for personal and professional development,
whether it be to improve physical ability, sharpen cognitive abilities, or gain specialised
knowledge.
Training is a cornerstone of HRD activities aimed at producing a trained and flexible workforce
capable of addressing changing business demands. Organisations use focused training
programmes to help employees learn new skills, update current knowledge, and improve their
overall performance. This investment in staff development not only develops individual
qualities, but also contributes to the organisational effectiveness and competitiveness.
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Role of HRD Professionals in Training
This is the era of cut-throat competition and with this changing scenario of business; the role
of HR professionals in training has been widened.
The HR role :
After employees have been selected for various positions in an organization, training them for
the specific tasks to which they have been assigned assumes great importance. It is true in many
organizations that before an employee is fitted into a harmonious working relationship with
other employees, he is given adequate training. Training is the act of increasing the knowledge
and skills of an employee for performing a particular job. The major outcome of training is
learning
A trainee learns new habits, refined skills, and useful knowledge during the training that helps
him improve performance. Training enables an employee to do his present job more efficiently
and prepare himself for a higher-level job. The essential features of training may be stated thus:
Newly recruited employees require training to perform their tasks effectively, Instructions,
guidance, and coaching helps them to handle jobs competently, without any wastage.
Overall, HR plays a multifaceted role in training, from identifying learning needs to evaluating
training outcomes and fostering a culture of continuous learning and development within the
organization. By strategically managing training programs, HR contributes to the growth and
success of both individuals and the organization as a whole
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Training is needed to serve the following purposes:
3. Employees learn best through practical situations and mistakes, not spoon-feeding.
"Learning by doing" is the best way to train employees, and they remember the learnings
longer. HR professionals encourage employees to participate in training programs and online
courses to improve their skills in their respective domains.
5. Job rotation is an HR practice where employees move between jobs to gain a better
understanding of the organization's functions, build rapport, and facilitate cooperation, offering
flexibility during transfers or promotions.
Training of personnel consists in providing them with the necessary facilities and opportunities
to acquire knowledge develop skills and cultivate attitudes and behavior for the efficient and
effective discharge of their duties and responsibilities. Administrative skills can be grouped
into technical skills, human skills, and conceptual skills. Training should enable people to
perform their present duties effectively and at the same time prepare them to shoulder higher
responsibilities in the future. The ultimate objective of personnel training is the improvement
in the effectiveness of achievement of organizational objectives.
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HR VISION, MISSION & OBJECTIVES:
HR Vision "To attain organizational excellence by developing and inspiring the true potential
of company's human capital and providing growth opportunities, well being and enrichment.
An HR vision focused on training outlines the strategic direction and aspirations of the Human
Resources function specifically regarding learning and development initiatives within the
organization. Here's an example of an HR vision statement centered on training”.
HR Objectives:
• To build and upgrade competencies through virtual learning, opportunities for growth,
and providing challenges in the job.
• To foster a climate of creativity, innovation, and enthusiasm.
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RATIONALE OF STUDY
The purpose of training is to maintain and improve the effectiveness and efficiency of
individuals within the organization. This can only have a sustained effect if it influences the
actions and practices of offline managers to serve better both - the Self-interest of employees
(Personal return both tangible and intangible) and the Needs of the organization (Profit returns
Both Short and longrange). All training and development within the company is based on the
firm credence that: Employees need growth and self-fulfillment, which can be compatible with
the goals of the organization for the benefit of both.
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5) Improved Organisational Performance: A well-trained staff enhances overall
organisational effectiveness and performance. Training programmes can fill specific
skill gaps, develop job-related competencies, and foster a culture of continuous
learning, resulting in increased operational efficiency and profitability.
The rationale for studying training as a tool of Human Resource Development (HRD) is
multifaceted and essential for both individuals and organizations are as follows.
Keeping in view the above facts and considerations, there is a need to undertake a study which
could examine the "Need of Training within the organization. Today, the demands of the current
industrial status and technological advancement necessitate that varied means are tapped into
to achieve the ultimate goal better Training is essential for job success. It can lead to higher
production, fewer mistakes, greater job satisfaction, and lower turnover. These benefits accrue
to both the trainee and the organization.
Overall, studying training as a tool of HRD is essential for understanding how organizations
can develop and leverage their human capital to achieve strategic objectives, drive
performance, and sustain competitive advantage in a dynamic business environment
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LITERATURE REVIEW
The literature review is a fast, economic way for researchers to develop a better understanding
of a problem and to discover hypothesis in the work of other. A large volume of published and
unpublished data is used to study. Some tools like personal interviews and questionnaires will
be used which would help to generate an idea about the effectiveness of the study.
Proper care needs to be followed while designing the questions for personal interviews and for
the questionnaire so that it would become easy for a layman to understand and answer properly.
A review of the literature on training as a tool for human resource development (HRD) includes
a range of research, theories, and empirical data that examine the efficiency, significance, and
optimal methods of organisational training programmes. Here is a quick summary of the main
ideas and conclusions from the body of current research.
The firm’s HR practices will immediately influence the employees’ skills which will
add to the organization. Furthermore, they will foster employees’ development to get
involved and committed to the business (MacDuffie, 1995; Wright et al., 1998). Training and
development are necessary for any firm, and they are an organizational subsystem derived
from two independent yet interrelated words that work together to increase the individual’s
global productivity (Salas et al., 2012).
Previous studies find that the most popular term for “training and development” is
“lifelong learning.” It takes into account how individuals continue learning (Field, 2008),
develop competencies (Shandler, 2000), add value, are intelligent and experienced (Jarvis,
2012), fit, adjust to changes (Nolfi & Parisi, 1996), improve as they grow, and, in sum,
accommodate with the stream (Sartori et al., 2018).
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they need training, and when to do it; only training can be introduced appropriately (Kum et
al., 2014). Hence, training becomes a joint action between an expert and an employee leading
to the efficient transfer of information, know-how, skills, and attitudes, consequently
allowing an efficient output from the employee on the job. Training activities are focused on
and evaluated against an individual’s recent work (Lerner, 2018).
As a result, Training and development programs will convince the employees that their
managers care, and they will be pleased, reassured, and committed to further enhancing
organizations in achieving organizational goals and objectives. They will be able to develop
and succeed in varying environments, technology, and fierce rivalry (Khan et al., 2016)
CONCLUSION
Training is a cornerstone of human resource development, with multiple advantages for both
individuals and organisations. Organisations may use training as a strategic tool to increase
employee capacities, drive organisational performance, and promote a culture of continuous
improvement by understanding the theoretical underpinnings, resolving problems, and
adopting best practices. However, it is critical to understand that good training necessitates
continuous review, modification, and investment to suit changing organisational demands and
market trends.
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OBJECTIVES OF THE STUDY
The objectives of the study on training as a tool for Human Resource Development (HRD)
include obtaining a greater understanding of the different facets of training programmes in
organisations. The following are typical goals for research projects involving training as an
HRD tool:
workforce.
of Studying training as a tool for HRD has a variety of goals, including advancing
SCOPE
This project will be designed in such a way to make an easy understanding among a layman
regarding training as a tool of Human Resource Management. This Project will be useful to
study the various training needs and to know the job knowledge, skill at work.
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RESEARCH METHODOLOGY
Statement of objectives
In this study, a systematic approach will be followed to find the different ways of solving the
problem. To define a problem, determining the nature of research adopted at this research is
important. The nature of research adopted in this study is exploratory as well as descriptive in
nature.
Exploratory Research
It is preliminary research, whose objective is to provide insights and understandings.
Exploratory research might involve a literature search or conducting focus group Interviews.
The exploration of new phenomena in this way may help for better understanding, may test the
feasibility of a more extensive study, or determine the best methods to be used in a subsequent
study. For these reasons, exploratory research is broad in focus and rarely provides definite
answers to specific research issues.
Organizational climate
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SOURCES OF DATA
PRIMARY DATA: Primary data is the data observed or collected from firsthand
experience. Primary data is important for all areas of research because it is accurate information
about the results of an experiment or observation.
1. Personal Interview: A personal interview with staff members of the company will
be organized regarding their convergence towards training needs and benefits under
training to accomplish their goal within the company and marketplace.
2. Questionnaire: A questionnaire would be designed that could help in Fulfilling the
objective of the study to the maximum The questionnaire will be designed in such a
way so that it could solve the issues, like what are the terms and conditions followed
by the company earlier and what are the policies they are following now to make
themselves competent. The Questionnaire would consist of 10-12 objective-type
questions which become easy for the bank staff to answer.
SECONDARY DATA: Secondary data is the data that has been already collected and
readily available from other sources. Such data are cheaper more quickly obtainable than the
primary data and also may be available when primary data cannot be obtained at all.
Following are some of the sources of secondary data:
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RESEARCH INSTRUMENTS
Survey: Survey will be done with a view to studying the training method and tools and
areas of improvement.
Historical data collection: The data of the company will be collected on a historical
basis. With a view to studying the terms and conditions or policies opted by the company,
historical data will be studied so that the new policies can be studies properly.
Sampling: Sampling is the process of selecting units (e.g., people, organizations) from a
population of interest so that by studying the sample we may fairly generalize our results
back to the population from which they were chosen. It is that part of statistical practice
concerned with the selection of a subset of individual observations within a population of
individuals intended to yield some knowledge about the population of concern, especially for
the purposes of making predictions based on statistical inference. Sampling is an important
aspect of data collection.
Sampling is a commonly used term to describe the process of obtaining information about an
entire population by examining only a part of it. The result obtained by sampling is objective
and defensible. It is not subject to questions of bias.
Statistical sampling can be more accurate than an examination of every item in a large
population. It may save time and money. Data may be combined and evaluated, even though
obtained by different users
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Sampling Unit: An individual
During my analysis, I found that there are four types of training needs included at the time of
annual performance appraisal in Vardhman group to their employees so that they can execute
their role in a better way.
1. Behavioral
2. Quality improvement
3. Computer skills
4. Technical skills
1. Bar Diagrams
2. Pie charts
Charts are really useful tools for every research to show the result in a well clear, easy, and
simple way. Because I used bar diagrams/charts in the project for showing data in a systematic
way, so it need not be necessary for any observer to read all the theoretical detail, simple on
seeing the charts anybody could know that what is being said. Technological tools are:
1. MS Excel
2. MS Word
The above application software of Microsoft helped me a lot in making projects more
interactive and productive. Microsoft Excel has a great role in my project, it created my
situation of "you sit and get." I provided it simply all the detail of the data and in return, it has
given me all the relevant information. And at last Microsoft Word did help me with the
documentation of the project in a presentable form.
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IMPLICATION OF THE STUDY
The present study will be helpful to an individual as well as the organization as under:
A) Employee workmen who are required training: This study will be conducted to
know the training needs for a worker, who can work effectively. HR Department every time is
in search of a person who has the maximum skills required for the job. After selecting the right
person, the main aim of the HR Department is to make that person a perfect workman. For this,
they provide the training to them. One of the contents of this study is to analyze how different
people utilize their skills with improved skills.
B) Company: This study will give assistance to the company regarding the identification
of training needs and revisions in existing training facilities. This study will be helpful in
understanding the need for shelter for an individual vis-a-vis is training provided by the
company. A company will be able to analyze that what type of employee do they have in their
profile and what type of training can be provided to them.
Thus, training can contribute to higher production, fewer mistakes, greater job satisfaction, and
lower labor turnover. Also, it can enable employees to cope with organizational, social, and
technological change. Effective training is an invaluable investment in the human resources of
an organization.
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LIMITATIONS OF THE STUDY
The Questionnaire will be only objective-type questions which will be designed to make the
survey easy for staff. But this cannot reveal the true observation as people need to answer in
yes or no only.
2. Professional Attitude:
The company staff could show a Professional attitude at the time of the survey. They may not
reveal all the information with the help of which this study can more useful.
3. Other:
Often, sources are not interested to provide the actual data which is very important for correct
estimation.
Many of the employees have to work in the rigs so it was not possible to know their view.
Due to workload and survey done by the lots of trainees from different institutes scope of
interaction with the employees was less.
The study will suffer from the personal biasness of people on whom the survey will be
conducted. Some of them may have answered the Questionnaire by getting influence from their
friends or colleagues, some of them do not want to be unfair with anyone so give a fair answer
to each and every question.
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TENTATIVE SCHEME OF CHAPTER
1. Introduction
3. Organization Profile
4. Theoretical concept
5. Research Methodology
8. Bibliography
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BIBLIOGRAPHY
1) www.google.co.in
2) www.wikipedia.org
3) www.managementstudguide.com
4) www.ehow.com
5) www.egyankosh.ac.in
6) bing copilot
11) Linkedin
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