Project Report 1 (ThinkNEXT Projects)
Project Report 1 (ThinkNEXT Projects)
AT
(2015-2017)
DECLARATION
I hereby declare that the Training Report was submitted by me under the supervision and
guidance of Mrs .Rajni Wadhwa Bedi, project guide, ThinkNEX Technologies in Partial
Fulfillment of M.B.A 3th semester. I further declare that I am solely responsible for omission
and commission of errors if any.
Signature
ACKNOWLEDGEMENT
Amongst the wide panorama of people who provided me the inspiration, guidance and
encouragement, I take this opportunity to thank those who gave me indebted assistance and
constant encouragement for completing this project.
I would like to thank Mrs. Rajni Wadawa Bedi, HR Executive of ThinkNEXT Technologies
Pvt. Ltd., Mohali for his continuous help in completion of this project. She motivated me and was
available whenever her assistance was sought. She was actively involved throughout the project
and was also kind enough to tell me the strengths and weaknesses and how I could improve
myself to face the corporate world. Without her support the completion of this project would be
impossible.
I would like to extend my thanks to all the employees/staff of the ThinkNEXT Technologies Pvt.
Ltd., Mohali for their support.
I would also like to thank my college project guide Mr. Rajdeep singh, Baba Farid College of
Management and Technology, for his valuable guidance and support.
PREFACE
The project has been designed keeping in view the financial nature of the management of
small scale industries. It seeks to provide a brief and concise view of what Management is all
about and how it can be applied to small industries.
India being a developing economy it is trying hard to promote this sector by doing
effective financial analysis. In this report I have put my best efforts to analyze the data to the
highest level of accuracy and give my view to the best of my judgment.
This report includes my sincere efforts; I sincerely hope that this report proves to be
useful to its readers also.
Table of content
S.NO TOPIC NAME PAGE NO
CHAPTER- 1
INTRODUCTION
COMPANY PROFILE
ThinkNEXT Technologies has also setup its offices in USA, Delhi, Shimla and Bathinda
for its software support. ThinkNEXT has its own multiple Smart Card printing, encoding
and barcode label printing machines to provide better and effective customer support
solutions.
ThinkNEXT has also setup its own placement consultancy and is having numerous
placement partner companies to provide best possible placements in IT industry.
Think NEXT Technologies has developed for the first time in northern region cloud
computing based Cloud Campus 4.0 to facilitate knowledge and placement centric
services. It is a unique concept for effective and collaborative learning.
SERVICES
NFC
Biometrics (Fingerprint with Automated Online)
Smart Card
Barcode
RFID
SMS
Short code 56767 (Auto SMS)
Android
ions (phone)
GPS
WAP (For WAP Enabled Mobile Phones)
Multiple SMS Gateway Support
Web based Technologies (365x24x7 services)
Windows based Technologies
Mobile based Technologies
Webcam support for various operations
Parallel Internet, Intranet and Wi-Fi Support
Vision:
Technologies Pvt. Ltd. are already very flexible and scalable. Still, we always take care of specific
requirements of our clients. Our highly committed R&D team makes our software feature
rich, dynamic and future tuned everyday so that our clients always maintain the lead over
their competitors. The development of the software is being done and the purpose full
customization of the package is carried out in the ThinkNEXT lab.
Mission:
Quality Policy:
More Services:
• ThinkNEXT offers Part-Time/Full Time Job Offer for each student during training
so that students can earn while they learn. Student can bear their food,
accommodation and other expenses on.
BOARD OF DIRECTOR
Sunil Jindal
Munish Mittal
Vikas gupta
Ghansham Dass
MANAGING DIRECTOR
Sunil Jindal
MARKETING HEAD
Munish Mittal
IT Head
Mukesh Kumar
PLACEMENT
Company list-
INDUSTRIAL TRAINING
Microsoft .NET
Android
iPhone
Java
PHP/MySQL
Web Designing
Embedded Systems
AutoCAD
CCNA
MCITP
SEO
CATIA
Pro-E
Solid Works
Human Resource
Marketing
Finance
One-to-one Project and Project will be made Live and to make it Live,
ThinkNEXT will provide sub-domain and hosting worth Rs. 3000 absolutely
free to each student for web based Project. To host mobile apps, ThinkNEXT
will provide free Google Play account (For Android Mobile Apps) and Apple
iTunes Connect Account (Apple App Store) for iPhone Apps.
2. ThinkNEXT Edge
Think NEXT Cloud Campus advantage not only during training, even after
completion of training for life time.
Each Student will have Unique User ID and Password to Login to ThinkNEXT
Cloud
ThinkNEXT Smart Campus is a step towards not only 100% placements but also
better job offers even after placements.
Altogether, human resource management is the process of proper and maximise utilisation of
available limited skilled workforce. The core purpose of the human resource management is to
make efficient use of existing human resource in the organisation. The Best example
at present situation is, construction industry has been facing serious shortage of skilled workforce.
It is expected to triple in the next decade from the present 30 per cent, will negatively impact the
overall productivity of the sector, warn industry experts.
Every organisations' desire is to have skilled and competent people to make their organisation
more effective than their competitors. humans are very important assets for the organisation
rather than land and buildings, without employees ( humans ) no activity in the organisation can
be done. Machines are meant to to produce more goods with good quality but they should get
operated by the human only.
“Human Resource Management helps in creating better rapport between the management
and the subordinates. It helps subordinates to realize individual and organizational goals. ”
1. Human resources management is the backbone of every type of business organization. The
triumph of every organization depends upon the worth of persons it employs. Human resources
management helps in spotting the exact individual for the precise job. Suitability for the job and
quality of work go hand in hand in determining the quality of any work force.
2 .Human Resource Management helps in creating better rapport between the management and
the subordinates. It helps subordinates to realize individual and organizational goals.
3. There is wide spread unrest in industries these days. Strained worker management relations,
lack of confidence in each other and emergence of militancy in trade unions have become the
order of the day. These factors have created a gap among subordinates and managements.
4. Both sides are talking about exploitation by the other side. In the absence of cordiality in an
organization the performance of the workers is adversely affected. HRM is required to create
proper understanding among the workers and the management.
5. The subordinates are developed to meet their individual and organizational objectives. The
subordinates are convinced that various managerial actions can help them in accomplishing their
motives besides helping the organization.
6 . There is a humanization of work environment in industrialized countries like Japan, USA, UK,
etc. Globalization of economy has exposed the industry in developing countries to international
competition. An improvement in efficiency and quality of work can come only when workers
develop organizational commitments.
apply the knowledge skills, abilities and attitude needed by that organization to
acquire and apply the same. Broadly speaking training is the act of increasing the
knowledge and skill of an employee for doing a particular job.
The principal objective of training and development division is to make sure the
availability of a skilled and willing workforce to an organization. In addition to
that, there are four other objectives: Individual, organizational, functional, and
societal Individual objectives – help employees in achieving their personal goals,
which in turn, enhances the individual contribution to an organization.
Organizational objectives- assist the organization with its primary objective by
bringing individual effectiveness.
Training objective is one of the most important parts of training program. While
some people think of training objective as a waste of valuable time. The
counterargument here is that resources are always limited and the training
objectives actually lead the design of training. It provides the clear guidelines and
develops the training program in less time because objectives focus specifically
on needs. It helps in adhering to a plan.
The principal objective of training and development division is to make sure the
availability of a skilled and willing work force to an organizational. In addition to that,
there are four other objectives: Individual, Organizational, Functional, and Societal.
Individual objectives: Helps employees in achieving their personal goals, which in turn,
enhances the individual contribution to an organization.
I. On-the-Job Methods
1. Understudy
In this the employee is trained by his or her supervisor. The trainee is attached
with his or her senior and called understudy or assistant. For example, a
future manager might spend few months as assistant to the present manager.
2. Job rotation
3. Special projects
The trainees' may ask to work on special projects related with departmental
objectives. By this, the trainees will acquire the knowledge of the assigned
work and also learn how to work with others.
4. Experience
5. Committee assignment
6. Coaching
In this, the supervisor or the superior acts as a guide and instructor of the
trainee. This involves extensive demonstration and continuous critical evaluation
and correction.
These methods require trainees to leave their workplace and concentrate their entire time
towards the training objectives. These days off-the-job training methods have become
popular due to limitations of the on-the-job training methods such as facilities and
environment, lack of group discussion and full participation among the trainees from
different disciplines, etc. In the off-thejob methods, the development of trainees is the
primary task rest everything is secondary. Following are the main off-the-job training
methods:
These are the most traditional and even famous today, method of developing personnel.
Special courses and lectures are either designed by the company itself or by the
management/professional schools. Companies then sponsor their trainees to attend these
courses or lectures. These are the quick and most simple ways to provide knowledge to a
large group of trainees.
In this, the participants are required to pool their thoughts, ideas, viewpoints, suggestions
and recommendations. By attending conferences and seminars, trainees try to look at a
problem from different angles as the participants are normally from different fields and
sectors.
3. Selected reading
This is the self-improvement training technique. The persons acquire knowledge and
awareness by reading various trade journals and magazines. Most of the companies have
their own libraries. The employees become the members of the professional associations
to keep abreast of latest developments in their respective fields.
5. Programmed instruction/learning
This is step-by-step self-learning method where the medium may be a textbook, computer
or the internet. This is a systematic method for teaching job skills involving presenting
questions or facts, allowing the person to respond and giving the learner immediate
feedback on the accuracy of his or her answers."
6. Brainstorming
7. Role-playing
In this method, the trainees are assigned a role, which they have to play in an artificially
created situation. For example, a trainee is asked to play the role of a trade union leader
and another trainee is required to perform the role of a HR manager. This technique
results in better understanding of each other's situation by putting foot in other's shoes.
8. Vestibule schools
9. Apprenticeship training
This training approach began in the Middle Ages when those who wanted to learn trade
skill bound themselves to a master craftsman and worked under his guidance.
Apprenticeship training is a structured process by which people become skilled workers
through a combination of classroom instruction and on-the-job training.
In this technique, the trainees are provided background information on a simulated firm
and its products, and key personnel. After this, the trainees are provided with in-basket of
memos, letters, reports, requests and other documents related with the firm. The trainee
must make sense out of this mass of paperwork and prepare memos, make notes and
delegate tasks within a limited time period."
Business games involve teams of trainees. The teams discuss and analyse the problem
and arrive at decisions. Generally, issues related with inventories, sales, R&D, production
process, etc. are taken up for consideration.
This is structured approach to teach specific supervisory skill. This is based on the social
learning theory in which the trainee is provided with a specific model of behaviour and is
informed in advance of the consequences of engaging in that type of behaviour.
BABA FARID COLLEGE OF MANAGEMENT AND TECHNOLOGY, BATHINDA
Thinknext 31
Training and development
The first step in developing a training program is to identify and assess needs.
Employee training needs may already be established in the organization’s strategic,
The training needs assessments (organizational, task & individual) will identify any
gaps in your current training initiatives and employee skill sets. These gaps should be
analyzed and prioritized and turned into the organization’s training objectives. The
ultimate goal is to bridge the gap between current and desired performance through
the development of a training program. At the employee level, the training should
match the areas of improvement discovered through 360 degree evaluations.
The next step is to create a comprehensive action plan that includes learning theories,
instructional design, content, materials and any other training elements. Resources
and training delivery methods should also be detailed. While developing the program,
the level of training and participants’ learning styles need to also be considered. Many
companies pilot their initiatives and gather feedback to make adjustments before
launching the program company-wide.
The implementation phase is where the training program comes to life. Organizations
need to decide whether training will be delivered in-house or externally coordinated.
Program implementation includes the scheduling of training activities and
organization of any related resources (facilities, equipment, etc.). The training
program is then officially launched, promoted and conducted. During training,
participant progress should be monitored to ensure that the program is effective.
Training is a one of the most important parts of training program. While some people
think of training objective as a vaste of valuable time. The counterargument here is that
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Training and development
resources are always limited and training objectives actually ead the design of training. It
provides clear guidelines and develop the training program in less time because
objectives focus specifically on need. It helps in adhering to a plan. Training objectives
tell the trainee that what is expected out of him at the end of the training program.
Training program are of great significance from a number of stakeholder prepectives.
1. Trainer
2. Trainee
3. Designer
4. Evaluator
Trainer- The training objectives is also benifical to trainer because it helps the trainer to
measures the program of trainees and make the required adjustment. Also, trainer comes
in a position to establish a realtionship between objectives and particular segments of
training.
Trainee-The training objective is benifical to the trainee because it helps in reducing the
anxiety of the trainee up to some extent. Not knowing anything or going to a place which
is unknown creates anxiety that can negatively affect learning. Therefore, it is important
to keep the participent aware of the happenings< rather then keeping it surprise.
Secondly, it helps in increase in concentration, which is the crucial facter to make the
training succesful. The objectives create an image of the training program in trainee's
mind that actuallyhelps in gaining attention. Thirdly, if goals set to be challenging and
motivating, then the likehood of achieving those goals in much higher then the sitaution
in which no goal is set. Therefore, training objectives helps in increasing the probability
that the participent will be succesful training.
Designer- The traning objectives is beneficial to the training designer because if the
designer is aware what is to be achieved in the end then he'll buy the training package
according to that only. The training designer would then look for the training methods,
training equipments, and training content accordingly to achieve those objectives.
Evaluator- It becomes easy for the training evalutor to measure the progress of the
trainees because the objectives define the expected performance of trainees. Training
objectives is an important to tool to judge the performance of participants.
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, waste of time, resources, and
money. Now-a-days, 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 in the organization, then
it is difficult to accept that such a company has effectively carried out HRM. Training
actually provides the opportunity to raise the profile development activities in the
organization.
To increase the commitment level of employees and the growth in quality movement
(concepts of HRM), senior management team is now increasing the role of training. Such
concept of HRM requires carefully planning as well as greater emphasis on employee
development and long term education. Training is now the important tool of HRM to
control the attrition rate because it helps in motivating employees, achieving their
professional and personal goals.
. 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. HR role now is:
MODELS OF TRAINING
Training is a sub-system of the organizational because the departments such as,
marketing& sales, HR, production, finance, etc depends on training for its survival.
Training is a transforming process that requires some input and in turn it produces output
in the form of knowledge, skills, and attitudes (KSAs).
A system is combination of things or part that must work together to perform a particular
function. An organization is a system and is a sub -system of the organization. The
system approach views training as a sub- system of an organizational.
System approach can be used to examine board issues like objectives, functions and aim.
It establishes a logical relationship between the sequential stages in the process of
training need analysis (TNA), formulating, delivering, and evaluating. There are 4
necessary inputs i.e. technology, man material, time required in every system to produce
product and services. And every system must have some output from these inputs in
order to survive.
The output can be tangible or intangible depending upon the organization’s requirement.
A system approach to training is planned creation of training program. This approach
uses step-by-step procedure to solve the problem. Under systematic approach, training is
undertaken on planned basis. Out of his planned effort, one such basic model of five steps
is system model that is explained below.
Organization are working in open environment i.e. there are some internal and external
forces, that poses threat and opportunity, therefore, trainers need to be aware of these
forces which may impact on the content, form and conduct of the training efforts .
The internal forces are the various demand of the organization for a better learning
environment; need to be up to date with the latest technologies..
1. System model
The broad objective of the study of training policies in cooperative bank is to study
the impact of training on the overall skill development of workers. The specific
objectives of the study are:
Review of literature
Capacity development must be purpose-fit to the needs and circumstances of the specific
organization. It cannot be down according to blueprints imported from elsewhere because
capacity development involves much more than awareness of technical subjects and
general organizational principles, it needs to be imbedded in the context where it takes
place(UNDP,2006).Development organizations generally recognize that ‘capacity’
involves three levels: individual, organizational and the enabling environment (Missika,
2006, UNDP, 2006b, DFID,2002). These levels are interdependent. Therefore, training
aimed at developing organizational capacity must also take into consideration the
characteristics of the individuals targeted by training activities as well as the enabling
environment in which they function.
For Phillips (1983), it is essential to consider the sheer volume and complexity of the
learning task when deciding the type of training (on-site, classroom or distance) that well
be provided.
Research Methodology
Research in common parlance refers to a search for knowledge. One can also define
research as a scientific and systematic search for pertinent information on a specific
topic. The word research has been derived French word Researcher means to search.
Research is the solution of the problem, whether created or already generated. When
research is done, some new out come, so that the problem (created or generated) to
be solved.
RESEARCH DESIGN:
Primary data
Secondary data
Questionnaire
Books
Websites
Magazine
Brochure
SAMPLING PLAN:
SAMPLE SIZE:
ThinkNEXT , MOHALI
Table no:-1
Agree 9 25.8%
Disagree 4 11.4%
Total 35 100
GRAPH No :-1
no of respondent
Strongly agree
Agree
Somewhat
agree
Disagree
TABLE NO.2
Total 35 100
GRAPH NO.2
Senior staff
Junior staff
New staff
Based on
requirement
TABLE NO: 3
BABA FARID COLLEGE OF MANAGEMENT AND TECHNOLOGY, BATHINDA
Thinknext 44
Training and development
Total 35 100
Group 3
Technical training
Management
training
Presentation skill
TABLE NO .4
Excellent 11 31.43%
Good 14 40%
Average 8 22.85%
Bad 2 5.72%
Total 35 100
GRAPH NO: 4
Excellent
Good
Average
Bad
5) The training session conducted in your organization is useful. Do you agree with
this statement?
TABLE NO: 5
Agree 10 28.57%
Disagree 4 11.43%
Toal 35 100
GRAPH NO: 5
Strongly agree
Agree
Somewhat agree
Disagree
6) Enough practice is given for us during training session? Do you agree with this
statement?
TABLE NO.6
Agree 10 28.57%
Disagree 3 8.58%
Total 35 100
GRAPH NO.6
Strongly
agree
Agree
Somewhat agree
Disagree
7) What are all the important barriers to training and development in your
organization?
TABLE NO: 7
Time 20 57.15%
Money 8 22.85%
Total 35 100
Group 7
Time
Money
Lack of
interest by staff
Non availability
of skilled trainer
8)Employees are given appraisal in order to motivate them to attend the training.
Do you agree with this statement?
TABLE NO: 8
Agree 8 22.85%
Disagree 5 14.29%
Total 35 100
Group no:8
Strongly
agree
Agree
Somewhat
agree
Disagree
9) What training and development do you need to make your career aspiration to
come true?
TABLE NO: 9
Other 1 2.85%
Total 35 100
GRAPH NO: 9
Leadership
training
External
degree study
Formal meeting
procedures
Other
TABLE NO: 10
10-20 8 22.85%
20-40 2 5.71%
More than 40 0 0
Total 35 100
GRAPH: 10
Less than 10
10-20
20-40
More than 40
11) What are the skills that the trainer should process to make the training
effective?
TABLE NO: 11
Total 35 100
GRAPH NO: 11
Interpretation : According to 35 mark fed employees 22.86% of them say that trainers
should process only technical skills,45.72% of them say that trainers look people skills
and soft skills are more important than technical skills, 14.28% of them say that trainers
look generalist makes better personal managers that specialist and 17.14% of them say
that trainers fond of talking to people.
12)To perform other jobs in your organization, what training or experience would
you required?
TABLE NO: 12
Total 35 100
GRAPH NO: 12
Safety awareness
Negotiation skills
Machine operations
Occupational health
INTERPRETATION: According to35 mark fed employees 37.15% of them say safety
awareness should be given, 34.29% of them say negotiation skills should be given,
14.28% of them say machine operations should be given, 14.28% of them say
occupational health should be given.
13) The time duration given for the training period is?
TABLE NO.13
Sufficient 12 34.29%
To be extended 6 17.15%
To be shortened 5 14.28%
Manageable 12 34.28%
Total 35 100
GRAPH NO:
Sufficient
To be extended
To be shortened
Manageable
Interpretation: According to 35 mark fed employees 34.29% of them say that the time
duration given for the training period is sufficient, 17.15%of them say that the time
duration given for the training period is to be extended, 14.28% of them say that the time
duration given for the training period is to be shortened, 34.28%of them say that the time
duration given for the training period is manageable.
14) Have you ever come across any problem during the training session conducted
in your organization?
TABLE NO: 14
Yes 17 48.57%
NO 18 51.43%
Total 35 100
GRAPH NO: 14
1
2
3
15) Are you satisfied with the classroom method adopted by your organization to train
the employees?
Table no:- 15
Options No of respondents Percentage
Strongly agree 10 42.86%
Agree 15 28.58%
Strongly
agree
Agree
Somewhat
agree
Disagree
Findings
3. The employees are really motivated by the management. The employees are satisfied
with the present incentive plan of the company.
4. Most of the workers agreed that the company is eager in recognizing and
acknowledging their work.
5. The study reveals that there is a good relationship exists among employees.
6. Majority of the employees agreed that there job security to their present job.
7. The company is providing good safety measures for ensuring the employees safety.
8. The incentives and other benefits will influence the performance of the employees.
9. Training programmers helps the employees to improve their skills and knowledge
Conclusion
The study concludes that, the training and development procedure in ThinkNEXT
TECHNOLOGIES PVT. LTD is highly effective. The study on training and development
highlighted so many factors which will help to motivate the employees to take part in the
training and development programmes. The study was conducted among 35 employees
and collected information through structured questionnaire. The study helped to findings
which were related to training and development programs which are provided in the
organization.
The performance appraisal activities really play a major role in motivating the employees
of the organization. It is a major factor that makes an employee feels good in his work
and results in his satisfaction too. The organization can still concentrate on specific areas
which are evolved from this study in order to make the training and developments
programs more effective. Only if the employees are properly trained - they work well and
only if they work well the organization is going to benefit out it. Steps should be taken to
improve the training and development programs procedure in the future. The suggestions
of this report may help in this direction.
The data was collected through questionnaire. The responds from the respondents may
not be accurate.
The sample taken for the study was only 50 and the results drawn may not be
accurate.
Since the organization has strict control, it acts as another barrier for getting data.
Another difficulty was very limited time-span of the project.
Lack of experience of Researcher.
Recommendation
Training policy enumerated above has been formulated keeping in perspective the goal of
establishing the training organizational of mark fed as a system driven organization rather
people driven organization. While it is important to have such a structure and practices
that enables mark fed to become learning organizational but at the same time it is equally
important that such structure must be in place for the entire organization of mark fed.
Suggestions
BIBLIOGRAPHY
BOOKS
Personnel management-C.B.mamoria
INTERNET
WEBSITES:
www.google.co
m
www.citehr.com
www.slideshare.
com
ANNEXURE
a) Strongly agree
b) Agree
c) Somewhat agree
d) Disagree
Q.2) To whom the training is given more in your organization?
a) Senior staff
b) Junior staff
c) New staff
d) Based on recruitment
Q.3) What type of training is being imported for new recruitments in your organization?
a) Technical training
b) Management training
c) Presentation skill
a) Excellent
b) Good
c) Average
d) Bad
Q.5 ) The training session conducted in your organization is useful. Do you agree with
this statement?
a) Strongly agree
b) Agree
c) Somewhat agree
d) Disagree
Q.6 ) Enough practice is given for us during training session? Do you agree with this
statement?
a) Strongly agree
b) Agree
c) Somewhat agree
d) Disagree
Q.7) What are all the important barriers to training and development in your
organization?
a) Time
b) Money
Q.8) Employees are given appraisal in order to motivate them to attend the training. Do
you agree with this statement?
a) Strongly agree
b) Agree
c) Somewhat agree
d) Disagree
Q.9 ) What training and development do you need to make your career aspiration to come
true?
a) Leadership training
d) Other
a) Less than 10
b) 10-20
c) 20-40
d) More than 40
Q.11) What are the skills that the trainer should process to make the training effective?
b) People skills or soft skills are more important than technical skills
Q.12 ) To perform other jobs in your organization, what training or experience would you
required?
a) Safety awareness
b) Negotiation skills
c) Machine operations
d) Occupational health
Q.13) The time duration given for the training period is?
a) Sufficient
b) To be extended
c) To be shorted
d) Manageable
Q.14) Have you ever come across any problem during the training session conducted in
your organization?
a) Yes
b) No
Q.15) Are you satisfied with the classroom method adopted by your organization to train
the employees?
a) Strongly agree
b) Agree
c) Somewhat agree
d) disagree