EXECUTIVE SUMMARY Consulting industry is growing rapidly in the market. The need for a potential candidate by the companies and for those potential candidates who are in search of jobs, HR consultancy firms act as a bridge. HR-One Management Consultants (P) Ltd., Indias first CRISIL Rated HR Company. Established in 1996, the company has succeeded in changing its strategy to service Clients globally as India's Premier HR Company with focus on the entire gamut of HR Services ranging from Recruitments (Talent Search), Flexi Staffing (Flexi talent), Training, HR Services, Institution Services and Assessment Centre. HR-One is a great platform to work as an intern. Learnt how an HR consultancy works and was allowed to work in most of the processes. Though this company employee 20 people, it is very organized and systematic. There is no hindrance in decision making and in learning. Everyone in the company was very friendly and helpful. This report explains in detail the scenario of Consultancy industry and the functions of the company.
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1 INTRODUCTION 1.1 INDUSTRY PROFILE It was early 2000 when India experienced a tangible transit from a manufacturing to a service-dominated nation. There was a gradual shift from Job-hunting by individuals to mass recruitment by employers. This happened due to emergence of IT and ITES. Our manpower had an edge due to which we became a global outsource destination, the factors being largest English speaking nation primarily and low cost of operations too played an important role. The impact on country economics was so high, which boosted financial sector, as there was a scope of investments and savings beyond mere reducing the income tax liability. This growth followed by increased consumerism in the country thus retail sector along with food chain businesses mushroomed. In between overall growth one major industry that emerged higher and higher with each sector growing was telecom sector and aviation. Telecom sector grows with IT, ITES, Retail and Finance because all the sectors require mass human capital, which requires higher person to person communication. 1.2 SCOPE OF HR CONSULTING INDUSTRY A PERSPECTIVE There is a sizeable requirement of manpower in India and what is the current and future scope of HR consulting Industry. Emergence of above sectors will clearly indicate huge requirement of mass human capital with special respect to young and frontline manpower. In some sectors like IT, ITES, Finance the human resource will be professionally qualified and sectors like retail, telecom and vitiation may absorb less qualified manpower based on skills and attitudes our young generation acquires. The wave on one hand will create a demand of sizeable manpower requirement though on the other hand will increase the demand and responsibility of HR consulting industry. There is an importance in refocusing on the root cause of the growth and understand the negligence before we further define the scope and prospects of HR consulting. Our growth started, with special respect to human resource demand, with an emergence of IT and ITES and that we became an outsource destination. The primary reason is that we are the largest English speaking nation in the world. However we never focused on this issue earlier because we thought we will enjoy monopoly forever, somehow we neglected CHINA factor, they being a non-English speaking country. China raced ahead on many fronts because of productivity, now they are training themselves to speak English and as per my information they are already number ORGANZATION STUDY HR-ONE CONSULTANT
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two outsource destination and are ready to Challenge Indias monopoly as far as ITES is concerned. The challenge from skill enhancement point of view is to develop skills in our Human resource, which confirm to the global thought process and attitudes and to develop Non- English speaking and rural manpower on personal grooming and development. In future HR consulting industry will be focusing on two major issues Attrition and Skill enhancement (Training and Development). Attrition control and employee retention is a key issue because of less availability of trained manpower. Organizations spend on the training of their employees only to witness Job change for better prospects by their employees. I was training at a leading technical support BPO in Noida where young engineers were on an average 6 months old in the organization and it was quite normal for them as an average Job change duration. Large companies and sectors, in most cases have annual recruitment plan of 500 to 3000 people, not because of expansion only but major issue being attrition makeup. HR industry has and will have a good scope of innovation in this area. Employee attrition is the key issue wherever mass manpower is operating. We can clearly visualize a huge scope for consultants to innovate and produce processes and methodologies for the organizations to increase employee loyalty and retention. This can be done through growth based compensation plans, performance based revenues but most effective tool will be an assessment methodology of Individuals Job expectations and responsibility to their delight. Nothing more can motivate individuals if they have a responsibility as per their strengths and not weakness and they are empowered in a suitable open communication environment and mentoring program. Mentoring and Empowerment of people as per their strengths There is a strong need to innovate on the methodologies for attrition control and realize the gap pertaining to training and development for the working human force and prepare them to the best communicators and excellent attitude carriers and be unbeaten and indispensable business executors. 1.3 INDIAN CONSULTING MARKET: THE FACTORS RESTRICTING GROWTH The Indian Consulting Industry has been experiencing resurgence in the last few years. This industry has been making rapid strides in the Indian market over the last decade and has witnessed a significant increase in the number of new entrants in this field. The solitary objective of the participants in this market has been to gain maximum market share in this ORGANZATION STUDY HR-ONE CONSULTANT
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highly consolidated and competitive environment, primarily by capitalizing on the opposite factors driving it. The Asia-Pacific (APAC) consulting industry generated revenues worth $33.5 billion approximately in the year 2008 and registered a compound annual growth rate (CAGR) of nearly 4.1 percent from 2007. The market is further expected to experience steady growth and is anticipated to generate revenues of approximately $39.2 billion by the end of 2012. Japan has dominated the APAC market by contributing the maximum revenues with a share of nearly 67.2 percent. Out of the APAC total market, Indias contribution stands at $1.81 billion approximately with a share of approximately 5.4 percent of the total APAC market size. Information Technology (IT) including e-commerce, telecommunications and so on followed by Corporate Strategy, Outsourcing Services, Human Resource Management, and Operations Management have been some of the prominent business divisions in the consulting market. The necessity of moving ahead in the competitive structure or chain and gaining optimum market share in todays highly competitive markets has made companies across verticals opt for third-party consulting and advisory services. This has made consulting an indispensable function for companies these days. The differentiating factor that each company puts forward in order to achieve competitive edge over their rivals has been one of the important factors of success for all the companies, specifically in the Indian market, and this is impossible with out the knowledge of market trends and behaviors. Moreover, the fact that this success can be achieved only by implementing the right strategies from time to time and by taking pertinent decisions considering the market scenarios they cater to have prompted companies to subscribe for the products and services offered by consulting firms. The primary reason behind this urge is because consulting firms interact or are involved with the all the market participants or industries participants on a regular basis and are very well informed about the market happenings in each of the sectors. This continuous market tracking service coupled with technical industry know-how facilitates consulting firms to help clients take the right decision at the right time as well as relieve them from the pressures like time-to-market a new product or production planning or in fact any challenges in any business divisions. In a nutshell, need for the appropriate market facts, the urge for companies to face the market trends by applying third party & unbiased thoughts, the call for a complete 360 degree view of the market that each company participate in, and ORGANZATION STUDY HR-ONE CONSULTANT
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the requirement to take apt decisions by companies to outpace competition are some of the factors that drive the growth of this industry. 1.4 CHALLENGES FACED BY EMERGING & BOUTIQUE CONSULTING FIRMS Acquiring the right set of talent challenges the firm in matching the clients requirements. Providing meaningful insights with optimum clarity and offering strategic advisory solutions on diverse subjects based on the analysis done are the two important aspects of consulting. These are also the two essential factors that each company looks out from the consulting firms. Even though, delivering all these factors together bind a consulting firms success, this can only be achieved by having the right set of manpower and appropriate pool of talent. Acquiring the right set of people to match every clients broad range of requirements has been one of the challenges that smaller consulting firms in the Indian market face. This challenge has resulted in a change in the trend of hiring manpower in consulting organizations of late. Previously, consulting firms were primarily looking at hiring specific industry expert or any individual market expert. Even though some firms continue to sustain this model of hiring, most of the emerging firms in the country focus at hiring individuals who are flexible and those who can analyze any market or industry at a given period of time. This trend is expected to crystallize in a few years down the line. The reason for the same is twofold. One, the firms can leverage on their mixed pool of talent and assign any projects to any one individual or more and secondly, this facilitates the firm to considerably cut costs of engaging a single market expert. This factor is even more risky for smaller and boutique consulting firms compared to the established ones, as they are much smaller in terms of their size, operations, and financial capabilities. Although, these firms offer only niche market services compared to other traditional firms, some of these boutique firms also face powerlessness to train their new employees due to the lack of proper resources, which restrains the firms growth further. Increasing rate of attrition affects the organizational growth: One other challenge that Indian consulting firms, both established as well as emerging ones face is the increasing rate of attrition. This can be associated with multiple reasons like the increasing growth opportunities in the market for consultants, attractive compensation packages, or correspondingly the cost cutting measures that companies adopt, and also on the cost- benefit ratio from the companies stand-point although the latter is applied only during acute market crisis. However, better remuneration packages on offer and better career prospects ORGANZATION STUDY HR-ONE CONSULTANT
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available are the two most common factors that consultants give importance to. Apart from these two factors, other common reasons range from dissatisfaction of their job role to the simple reason of lack of post-graduate sponsorships available within the firms they work. All together, a suitable work-life balance, greater leadership roles in front, with better remuneration and benefits are some of the common factors which consultants expect in each company and with consulting becoming more mainstream today, the rate of attrition in this industry is expected to gradually slow down in a few years down the line. The impact of this factor is comparatively low on established firms because they have the best set of experienced consultants who can act as a back-up in case of an emergency situation. However, the impact is pretty severe on smaller firms as they are small in size and operations and also due the fact the time taken for smaller firms to replace a consultant with a new one is longer compared to the bigger firms. The below table shows the common reasons for attrition and what companies should do to retain talent: Common reasons for attrition Poor Pay Better Organization Management Poor Career Development Career Development Better Opportunities Else Where Flexible Benefits Poor Project Salary/Bonus/Incentives Office Politics Extended Ownership Poor Management Profit Sharing Better Offers Support Structure Work/life Balance Better Management Leadership
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1) Maintaining long-term relationships with clients affects the long-term existence of the firm: Maintaining long-term relationships with existing clients is one other key challenge that the small and emerging consulting firms face. This is largely due to the fact that the Indian consulting market is more or less a buyers market. More than convincing the companies to sign-up proposals, factors such as cost-benefit ratios, value added services and so on play a pivotal role. Numerous market participants and increasing market entrants with a variety of project deliverables have leveraged organizations by giving them the option to choose the right consulting firm for the right price for a project. However, this factor should be perceived on a different notion when it comes to a proposal with bigger and established consulting firms who are the pioneers of this Industry and who have proven success record in delivering results. 2) Highly competitive market influence firms in gaining market share: Smaller and emerging firms also face the challenge of gaining market share. Regional consulting firms have lesser market share compared to the bigger established firms who always top the competitive chain, even in the Indian market. Likewise, global players such as Bain & Co., McKinsey & Co., Boston Consulting Group and so on dominate the market for strategy consulting with nearly three-fourth of the market share in their hands, leaving the rest to the smaller and emerging firms. On a related note, most of the above mentioned business divisions are being monopolized by the big guns there by leaving very little scope for the smaller and emerging consulting firms. However, a noticeable trend in the recent years is that the smaller and niche firms are gradually taken seriously than the bigger ones. Of late, companies have started experimenting with niche firms by working with them on smaller regional projects but at the same time partner with the trusted bigger ones for the larger and other global projects. Nevertheless choosing the right consulting firm largely depends on the bids or request for proposals (RFP) that companies put forward and the proposals they receive from these consulting firms. While attracting new clients will always be an easy task for the established consulting firms due to their proven success and credibility, this factor acts as a major barrier on emerging firms as developing and converting a relationship into a business deal is comparatively tricky for these firms owing to their poor strategic alliances, lesser corporate experience and so on. ORGANZATION STUDY HR-ONE CONSULTANT
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3) Off shoring/Outsourcing to India acts as a challenge as well as driver: Off shoring back-end functions to India has obviously been a market driver, not only for the consulting industry but for the country as a whole. However, from a consulting firms perspective, though this factor helps expansion and globalization, some companies feel that it restrains the company development and growth in the outsourced regions primarily because of cultural differences and other barriers related to work. Professional dissimilarity, differences in attitude, adjusting to time zones, accents, and differences in a persons commitment to work have been some of the factors that American & European counterparts consider as challenges, when it comes to off shoring work to India. And these are also some of the challenges that small and emerging consulting firms in India face, due to which the company brand name and public perception is most likely to be hampered. However, this can be overcome if the firm acquires the right set of people, train them on flexibility and motivate them to work better. 4) Market as a Challenge affects routine businesses: One of the other challenging factors which impact consulting firms, smaller ones especially is the volatile market conditions they experience. Even though this factor affects both the established as well as smaller emerging firms, the former have the capability to sustain and overcome the market downfall in a better efficient way due to their long-term existence and familiarity of the market, than the latter. One such situation to be quoted is the recent sub-prime crisis which more or less created a win- win situation for both bigger and smaller firms with respect to acquiring new projects, i.e., it created a situation where in the boutique firms could possibly capitalize on the market conditions to win a project over the bigger ones, primarily because of their reduced pricing and other cost saving offerings. However, a fact is that, such situations are real good opportunities for the boutique firms to prove their capability and credibility but in general most of the companies totter in such situations. 5) Threat of Substitutes impacts new business development: Threat of substitutes is one other key challenge that smaller and boutique firms face. Although the penetration rate of new entrants entering the market has been moderate for now, companies still has a lot of options when it comes to the RFP process for projects. ORGANZATION STUDY HR-ONE CONSULTANT
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Apart from the presence of big four consulting firms, there are numerous smaller and emerging firms in India who are yet to prove their credibility and who offer services at a reduced price compared to the others. Coupled with the reduced pricing, every new entrant into this market is coming up with differentiated consulting models and methodologies for attracting new businesses, and this again acts as a threat to the other firms. Existence of numerous firms, differentiated offerings, reduced pricing and so on has impacted the smaller firms in India by hampering the customer loyalty and also by making this market, a highly price sensitive one. 1.5 CONCLUSION Although, factors like globalization, off shoring and outsourcing have made India a suitable destination for various companies, creating vast employment opportunities for the increased pool of talent, the regional smaller and emerging firms still face a lot of challenges such as the ones highlighted above. The firms catering to the Indian market alone are on a rough terrain compared to the bigger established firms who have global roots. This is primarily because global firms who are eminent and well-known have a better probability of converting proposals into projects compared to the emerging firms with in India who are yet to prove their credibility and offerings. However, the growing level of uncertainty in todays market, increasing competition, consolidation, the scope for various business in India and so on will drive the growth and is expected to make the Indian consulting industrys future, a promising one. 1.6 COMPANY PROFILE HR-One Management Consultants (P) Ltd., Indias first CRISIL Rated HR Company. Established in 1996, the company has succeeded in changing its strategy to service Clients globally as India's Premier HR Company with focus on the entire gamut of HR Services ranging from Recruitments (Talent Search), Flexi Staffing (Flexi talent), Training, HR Services, Institution Services and Assessment Centre. HR-One has succeeded in changing its strategy to service Clients globally as one of India's Premier HR Companies with focus on the entire range of HR Services namely Recruitments (Talent Search), Flexi Staffing (Flexi talent), Training, HR Consulting Services, Institutions Services and Assessment Centre. Thus, raising productivity through improved quality, efficiency and cost- effectiveness, HR-One enables Clients to concentrate on their core-business competencies. ORGANZATION STUDY HR-ONE CONSULTANT
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Expertise and leadership propelled HR-One from a small Bangalore operation called Check and Cash in 1996 to a nationally-connected enterprise within our first Eight years of business. Aggressively expanding our network is intrinsic to their strategic plans. They have full service branches operating out of 8 major geographies pan-India. Their expertise banks on 200-strong team of HR specialists drawn from the various verticals across all major industries. Consequently, they are opening our doors to more applicants and employers each year with a broader range of excellent available positions to fill and a healthier base of candidates to place in those jobs. From year to year, nearly all of their clients return to us. They are, therefore, building lasting relationships with high-quality employers. The benefit to job seekers is a confidence that the employers, with whom we do business, from Fortune 500 to entrepreneurial firms, are respectable, financially strong and growing. Employers can rely upon the company to present only solidly qualified candidates for consideration. 1.7 SERVICES 1) TALENT SEARCH Talent Search, the main line of business of HR-One is into providing Pan-India Permanent Staffing Solutions. The corporate clients of HR-One can avail of such Recruitment service, which comes with varied options to suit the client, need ranging from regular Contingency Search to diversified Search options such as - Senior Search, RPO, Ascent and Retained Search Services. With 12 years of existence, the company now provides permanent staffing solutions to various Industry verticals to cover - IT, ITES (BPO/KPO/LPO), FMCG, Consumer Durables, Banking/ Financial Services & Securities, Insurance, Retail, Engineering & Manufacturing, Hotels & Hospitality, Aviation, Pharmaceutical & Healthcare, Realty & Construction, Infrastructure. And by the day, the growth in economy is driving our business to include more and more industry verticals to our service bandwidth. HR-One provides customized Services to clients under the umbrella of TalentSearch, which comes with a guarantee of cost-effectiveness, time-schedule, quality profiles and professional service delivery.
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SOLUTIONS FOR STAFFING NEEDS At HR-One they have been building solutions and providing personnel to companies for over a decade. As a national staffing company they provide their clients with employees who know their business and job opportunities for outstanding candidates. Right Professionals = Great Companies Placing great professionals in the right positions is the key to achieving outstanding business and career development results. Operating with a network of more than 200, dedicated staffing specialists in more than 7 offices in 14 Verticals across the India, HR- One has gained the respect of job seekers and employers alike by matching the right people with the right employers. And that means great results for all concerned. Types of Talent Search Contingent search Diversity search Executive search Large scale staffing projects Permanent staffing Retained search The company stands behind the commitment to provide the most qualified, flexible and skilled talent in the industry to enhance our client's workforce productivity and Offer lifetime employment and staffing solutions. As a CLIENT HR-One provides a broad array of talented employees working to meet the commercial staffing needs. The staff members are recruited and selected for their skills, work experience and commitment to quality; their professionals are industry specialists in the fields they serve. Their decentralized operating structure means they couple the flexibility of a local staffing Company with the larger resources of a national organization.
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As a CANDIDATE The candidate can rely on the company for outstanding permanent opportunities and benefits. At HR-One, they are the first choice of employment for full time staff, based on our respect and commitment to individuality, fairness, honesty and integrity. RECRUITMENT PROCESS OUTSOURCING (RPO) The growth in economy is making organizations to look at ramping-up their workforce. At the same time competition calls the organizations to focus more on their prime business functions. By outsourcing the recruitment Process the organizations are able to allow their human and capital resources to dedicate more time on core competencies and other high value consultative activities. And for this, HR-One offers tailored and measurable Recruitment Solution under Recruitment Process Outsourcing (RPO) which generates a competitive advantage for their clients by allowing a varied set of services ranging from Talent Pool Generation, Job Board Advertising, Candidate Screening & Response Management, Vacancy Monitoring, Skill-set Mapping etc., in addition to Candidate Validating & Referencing, Interview Scheduling & co-ordination and Candidate Assessment. To their esteemed clients, RPO gives them the advantage of being Process Driven, Domain Competence, Scalability, Cost-Effectiveness, Time-Bound delivery, Pan India Operations and a Single Contact Point. OVER -VIEW OF RPO SERVICES RPO covers the entire gamut of recruitment process right from talent generation to post- offer candidates management to induction logistics. A dedicated HR champion Would operate On sites or OFF sites and closely collaborate with the client, Understanding the holistic perspective of the job, including critical intangibles like culture and fitment ,Whilst working in tandem with the client. Planning and developing a comprehensive recruitment strategy, the HR Champion will walk clients through the process of establishing recruitment goals through a specialized approach which covers Vacancy monitoring, Talent & Job board Advertising ,Talent Scouting, On -Campus & Off Campus Recruitment , Pro active Data Base Management, Career Prospect Counseling, Skillset Mapping, Candidate Screening & Validation, Candidates Assessment & Response management, Candidate Validating & Referencing, CVs processing, Interview Scheduling &Coordination, Post ORGANZATION STUDY HR-ONE CONSULTANT
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Offer Candidate Management, Indication Logistics, Branding Initiatives, Talent Supply Chain Management and Vendor Management. THE ADVANTAGES OF THE RPO MODEL Process-driven Hiring System Time bound deliveries Scalability features Improved quality & statistical data Domain competency of recruiters Single point of contract Exclusive Backend team PanIndia Operation A Costeffective Recruitment Solution ASCENT Like RPO, Ascent is an innovative model of recruitment that provides a very comprehensive action plan for tracking recruitment requirements within the organization. Ascent offers multiple specialists to work on variable talent acquisition cost. The HR specialists sit at the clients office to provide on-site recruitment solutions. They man the entire logistics from requirement to sourcing, to test processes, to coordinating interviews to counsel between joining periods and mentoring post joining. The goal is to maximize cost savings to their clients whilst ensuring high quality services through our vast talent sourcing model and synergizing world class recruitment methodologies with the competitive advantages offered by HR-One. VALUE PAC India's First Search Services Focused for integrated staffing solutions for Middle Management and Critical Process Positions. They offer a complete verification service that will quickly bring to light any discrepancies in a candidate's background. This service provides with the protection needed in today's business world. The service includes complete background investigation, employment & education verification, reference check and criminal court search. In today's world, it is imperative to minimize risk.
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The various propositions include: Background Investigations Benchmarking Competency Analysis Competitive Market Place Analysis Contingent Search Criminal Background Screening Development of Position Descriptions Diversity Search Educational Verification Effective Interview Training Executive Search Large Scale Staffing Projects Medical Screening Permanent Staffing Pre-Employment/Testing Psychological Assessment Reference Checks Retained Search 2) FLEXITALENT To stay ahead in today's business environment Companies depend on highly skilled flexi and out-sourced staff to keep departments running smoothly and enhance productivity. Therefore more and more of HR-One clients are now relying on Flexitalent services to address their manpower need. The service levels range from out-sourcing entry-level to senior management positions, hiring staffing for Interim requirements to Temp-to- Permanent Staffing solution. Operating out of 8 different locations pan-India, Flexitalent has made staff Out-sourcing more meaningful by providing quality profiles, convenience and cost-effectiveness. HR- One is now growing to be a market leader in this area of function.
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Interim Staff When the clients organization has a long-term, specific project requiring a higher level of expertise, FLEXITALENT can custom recruit interim staff that offer organization senior- level management and executive experience in a wide variety of areas, including executive management, finance, human resources, and fundraising. Consultants Hiring a FLEXITALENT consultant is the most efficient, and often, the most cost-effective way to obtain the level of expertise clients organization requires. FLEXITALENT clients have benefited greatly from our experienced consultants in fundraising, grants writing, human resources, marketing and communications, special events, and finance. Temp-to-Permanent Flexitalent Temp-to-Perm program, often referred to as an on-the-job- interview, is the optimum way for organizations to appraise a prospective employee before deciding to hire permanently. It, also, gives the candidate ample opportunity . to evaluate an organization before committing to a specific job. Business Ambassadors Business Ambassadors are basically outsourced professionals who are deployed at the customers' premises to carry out pre designated tasks. They are deployed for a range of services, including door to door sales, software skills, a ccounts etc as per the customer's mandate. It is a very cost effective way of carrying out the tasks at the customer premises and the contracts can vary between 6 months to 2 yrs depending on projects or period of deployment. Business Ambassadors is our key strategic staffing solution which offers the full gamut of Recruit - Retain and Train. It is very convenient to the customer and they do not have to worry about personnel management issues. Over a quarter of our clients have successfully hired temps as permanent employees through our Temp-to-Permanent program. They provide professionals with work options including temporary, temp-to-hire & permanent placement positions through our 8 Branch offices. Their employees receive access to a broad range of benefit options and are never charged a fee for our services.
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3) HR-SERVICES In growing global economy, human resources functions are becoming increasingly complex and resource-intensive. For an outsourcing solution to help a company cut costs and manage human resources, a partner is required who understands how to add value to the company. As a response to this need, HR-One provides HR consulting solutions mainly focusing on SME companies, which have a need for such services. HR-One assures its clients to rely on its HR Services ranging from Selection to Separation, to include Induction procedures, Performance Appraisal, Payroll administration, Grievance handling, Policy making, Surveys, Brand-building, Administration & Documentation activities, Exit Interviews etc., HR-One assists any or all stages of such process out- sourcing and hiring process in a way that is efficient, effective, aligned with business goals and legally defensible to deliver a competitive edge. In growing global economy, human resources functions are becoming increasingly complex and resource-intensive. For an outsourcing solution to help a company cut costs and manage human resources, a partner is required who understands how to add value to the company. HR-One can assist with any or all stages of the sourcing and hiring process in a way that is efficient, effective, aligned with business goals and legally defensible to deliver a competitive edge REACH OUT Reach Out is a unique voice based consumer awareness program that encompasses a concept to sales model through online customer communication to target customer groups and sustains customer interest. It works as a cost effective alternate branding tool. Customers here are not only the businesses but also the candidates. Test Process Management: Test Process Management is an end to end Test Process Management Services which helps major Corporate with large ramp up plans to Administer Test and other necessary Process to increase their intake of Professionals. Largely administered off campus and sometimes on campus depending on customer mandate and level of exclusivity.
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Induction Procedures They coordinate for all Induction Procedures for all clients new joinees and these are handled by their HR Specialists. Performance Appraisal They handle 360-degree appraisals for their clients with strict confidentiality and professionalism. Salary Administration In this ever changing taxes and regulations environment. The company helps to isolate the client from these worries and handled the salary and other disbursements for the clients' employees. Grievance Handling Employee counseling is the most important and is directly proportional to the Employee Retention. Their well-experienced HR Consultants empathize with individuals to ensure the quality and the attrition level is kept at minimal. Statutory requirements The Admin and Support staffs have experience in the major corporate in handling statutory requirements. Admin and Support Staff have been weathered by the interactions they have had after having interactions with the bureaucrats and the local administration, which has led to a friction less operation with the government departments. Office Administration & Documentation They have well-trained and experienced Admin and Support staff, who would implement the customized systems and procedure for administration and documentation. They could take a given assignment at a very short notice, do the implementation and maintain from there on. Welfare Activities They organize welfare activities for the clients in tandem with the given Industry's needs.
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Retention Policy They evolve Retention Policy in close collaboration with the client to give the HR Edge for the Retention of Staff. Surveys The company handle Surveys for their clients with specific reference to Competition, Market, People / Talent, Business Process Reengineering. Brand Building Through HR They excise the best customized models for HR Practices, which directly and indirectly brand build the client's HR. Exit interviews the company handles Exit Interviews, which close the circle of HR, cycle in our client end. The Exit Interviews are aimed at feedback, friction less transitions, brand building and creating an atmosphere to the person leaving to join back the client in the future. 4) TRAINING The Training division of HR-One offers Soft-Skills and Need Based Sales Training that will help a client hiring Training services to cope with the demands of today's competitive environment. The Training areas generally include Leadership Training, Mentoring and Attitude Change, Managing Change and Diversity, Stress & Time Management etc., Effective Employee Training means increased productivity; increased productivity means more effective organization. HR-One through its Training services assures its clients of a good work environment of business-trained professionals who are self-motivated and good team players who work for the interest of the organization. Invest in Training clients Company's employees through HR-Ones professional Training Programs and prepare an efficient set of work-force for greater responsibilities. 5) ASSESSMENT CENTRE The Assessment centre division of HR-One offers Employee Capability Assessment and Test Process support. ORGANZATION STUDY HR-ONE CONSULTANT
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Acquiring of skill: The process of teaching or learning a skill or job Soft Skills Need Based Training Effective employee Need Based Training means increased productivity. Increased productivity means a more effective organization. Need Based Training Division offers Soft Skills and Sales Need Based Training that will help the clients company cope with the demands of today's competitive environment. HR-One Need Based Training Programs provides the employees with a variety of learning options, all focused on improving performance in the workplace. HR-one Trainers bring the latest business techniques and principles into the classroom and On the Field in an engaging, interactive setting that will motivate the employees to learn and advance on the job. We deliver instruction on site at the clients facility or at HR-ones campus, or on the Field on a flexible schedule. HR-One can customize the course content to meet the client company-specific needs. And, every employee is awarded a certificate upon completion of the Need Based Training courses. Customer Service Leadership - Rules of Engagement High Performance Attitude Mentoring Customer Service High Performance Teams Other Soft Skill Employee Need Based Training Programs Team leader Need Based Training Managing change Diversity/harassment Problem solving Project management Servant leadership Stress management ORGANZATION STUDY HR-ONE CONSULTANT
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Time management Soft Skills Need Based Training - Invest in Clients Company's Sales Professional Soft skills Need Based Training programs instruct people on how to interact with each other in the workplace. Companies work best when people work together smoothly as a team. While some people may have innate social skills, most of us learn these skills through practice. Soft skills Need Based Training includes a wide variety of courses and can reach any Need Based Training audience. Here are just a few possible examples: Some new employees starting their first job may need to learn acceptable workplace behaviors Employees who work with customers may need customer service Need Based Training Trainers may desire to improve their Need Based Training delivery skills Executives may seek leadership Need Based Training to help them plan their corporate strategy. Additionally, soft skills Need Based Training programs can also teach workplace fairness policies, such as those that cover sexual harassment or workplace discrimination. Prepare People for Greater Responsibility Some soft skills Need Based Training courses may prepare people to serve in new workplace roles or assume new responsibilities. When people interact with each other, they often assume different social roles. Soft skills Need Based Training courses prepare people to interact in any of the following relational situations: Peer to peer Subordinate to supervisor Supervisor to subordinate Worker to client/customer When people practice social skills through skills Need Based Training, they will carry themselves with professional confidence. Sales Need Based Training to get clients sales team on target. Experience high performance with in-house and results orientated sales Need Base Training. Learn how sales Need Based Training can increase clients sales today. Learn the secret of how top performing sales professionals use the sales skills for success. Step up to a new level - in today's marketplace being good is not good enough, being excellent is not enough that's why we train outstanding sales professionals also. Sales Need Based Training with high impact that brings the results to clients sales team, we at ORGANZATION STUDY HR-ONE CONSULTANT
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HR-One we believe that selling is learned through the experience gained by practicing the art and science of selling, our philosophy is to use actual case studies of clients customers and to transfer the lessons learned in the classroom to the field where sales are made and won. With over 30 Need Based Training years of experience of the Team in selling, telephone sales and sales management. Telesales skills that is bringing about significant results in Call Centre sales Need Based Training. HR-One Need Based Training will build sales skills and attitudes in clients sales team that will ensure success 5) INSTITUTION SERVICES The Institution services group focuses on services for various Educational Institutions to make students Industry-fit and bridge the Fresher-Industry divide. The services are basically focused at Tier-1 & Tier-2 B-Schools, Management Institutes & Engineering Colleges which have stiff competition not only in getting the right pick of students on to their campuses but getting them placed in the job market. The students expectation vis--vis their caliber also is becoming a majors factors of concern among the Education Institutes. The Institution Services Group services the Institutions in reaching new horizons in Projects, Internship Programs, Final Placements, Placement Training Programs, Faculty Improvement, Industrial Interactions, Industrial Projects, Student Interpersonal Skills Improvement, Campus Recruitment Solutions, Brand Building activities and the like. 1.8CLIENTS Informatio Technology Honeywell Philips Sasken Satyam GE Intelligroup BAAN Systems Mphasis BFL Onmobile Netkarft Virtusa Mindtree Jubilant Biosys Vmoksha TCS Igate SAP Ramco Systems Infinite Lucid Software Sify SRA System TNB International Wipro Ltd I-Flex Solutions Ltd Aquatech Systems Pvt Ltd ORGANZATION STUDY HR-ONE CONSULTANT
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Mach India Pvt Ltd HCL Technologies FairIsaac CG Coreel Siemens Meritos Valtech India Services IT Enabled Services Progeon Transworks Immaculate Interaction CNI India Slash Support Air2web Cellar Stone Sutherland AXA 24/7 Customer Service ICICI OneSource Telecom Reliance Airtel Hutch Idea Cellular Tata Tele Services Spice Telecom Banks HDFC Bank Ltd Kotak Mahindra Bank HSBC Standard Chartered Centurion ICICI ING Vysya Bank Financial Services India Bulls Insurance Metlife Kotak Mahindra Max Newyork Life AVIVA ICICI Prulife Tata AIG Life ING Vysya Life Birla Sunlife Bajaj Allianz General Retail West Side Barista Coffee Fabmall Food World Tanshiq Shopper Stop Caf Coffee Day Globus ITC Life Style Odyssy Manufacturing ABB Ford India Volvo Suzlon Wind Energy Finolex Ltd Thermax Ltd Dukes Toyota Schneider Electric India Ltd Escort Ltd Garments and apparels Bata India Ltd Nike (Seirra International) Madura Garments Coats India Gokuldas Images Lacoste Arvind Mills ORGANZATION STUDY HR-ONE CONSULTANT
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Consumer Goods - FMCG HLL Britannia BPL CavinKare Coke Colgate Dabur India Eveready Industries Fritolays GE Lightings General Mills Godrej Henkel Spic ITC L'oreal Lotte Marico Mattels Toys Ltd Nestle Parle Pepsi Perfetti Pidilite Procter and Gamble Wipro Consumer Care Wrigleys United Beverages McDowell & Company Ltd Birla 3M Ltd Reckitt Benkinser Ltd Asian Paints Consumer Goods - FMCD Titan Blow Plast BPL Canon Electrolux Finolex LG Electronics MIRC Novar Philps Samsung Sony
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2. STRUCTURE OF THE ORGANISATION 2.1 ORGANISATIONAL STRUCTURE
2.2 DUTIES AND RESPONSIBILITIES OF DEPARTMENTAL HEAD Duties and responsibilities of a CEO To lead, in conjunction with the development of the Companys strategy; To lead and oversee the implementation of the Companys long and short term plans in accordance with its strategy To ensure the Company is appropriately organized and staffed and to have the authority to hire and terminate staff as necessary to enable it to achieve the approved strategy To ensure that expenditures of the Company are within the authorized annual budget of the Company To assess the principal risks of the Company and to ensure that these risks are being monitored and managed To ensure effective internal controls and management information systems are in place To ensure that the Company has appropriate systems to enable it to conduct its activities both lawfully and ethically CEO HR MANAGER HR RECRUITER HR EXECUTIVE BUISNESS DEVELOPER BUSINESS MANAGER ORGANZATION STUDY HR-ONE CONSULTANT
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To ensure that the Company maintains high standards of corporate citizenship and social responsibility wherever it does business u To communicate effectively with shareholders, employees, Government authorities, other stakeholders and the public To keep abreast of all material undertakings and activities of the Company and all material external factors affecting the Company and to ensure that processes and systems are in place to ensure that the CEO and management of the Company are adequately informed To ensure the integrity of all public disclosure by the Company To abide by specific internally established control systems and authorities, to lead by personal example and encourage all employees to conduct their activities in accordance with all applicable laws and the Companys standards and policies, including its environmental, safety and health policies. Duties and responsibilities of BUSINESS DEVELOPER Business developers are responsible for locating new business opportunities in new markets and with new companies. They are then responsible for finding ways to exploit these new markets and bring in revenue. Business developers engage in strategic analysis, marketing, sales and product development. They are responsible for determining the potential profit that the company can garner from a given market and must compare this to the costs that the company might incur. Business development overlaps heavily with marketing and sales. Therefore, those who have hands-on experience or educational experience in sales or marketing might be able to find work as business developers. Many business developers only have a bachelor's degree. Some businesses that do not have a business developer sometimes have their salespeople handle business development. They must remain highly informed on what is going on in the industry that their business is a part of, including what the competitors are doing. The business developer must then have a sober understanding of what his own company is capable of and how his own company can measure up to competitors. The business developer must also be very creative and innovative.
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Duties and Responsibilities of ACCOUNT MANAGER The Accounting Manager is responsible for all areas relating to financial reporting. This position will be responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. The Accounting Manager supervises five staff accountants and is responsible for managing the team to ensure that work is properly allocated and completed in a timely and accurate manner. This position addresses tight deadlines and a multitude of accounting activities including general ledger preparation, financial reporting, year end audit preparation and the support of budget and forecast activities. The Accounting Manager will have contact with senior-level Attorneys and the firms Executive Director and Controller which requires strong interpersonal communication skills both written and verbal. RESPONSIBILITIES & DUTIES Obtain and maintain a thorough understanding of the financial reporting and general ledger structure. Ensure an accurate and timely monthly, quarterly and year end close. Ensure the timely reporting of all monthly financial information. Assist the Controller in the daily banking requirements. Ensure the accurate and timely processing of positive pay transactions. Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner. Supports budget and forecasting activities. Collaborates with the other finance department managers to support overall department goals and objectives. Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy. Advises staff regarding the handling of non-routine reporting transactions. Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding financial results, special reporting requests and the like. Work with the Controller to ensure a clean and timely year end audit. Supervise the general ledger group to ensure all financial reporting deadlines are met. ORGANZATION STUDY HR-ONE CONSULTANT
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Assist in development and implementation of new procedures and features to enhance the workflow of the department. Provide training to new and existing staff as needed. Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc. Work with each direct report to establish goals and objectives for each year and monitor and advise on the progress to enhance the professional development of staff. Support Controller with special projects and workflow process improvements. Duties and responsibilities of HR MANAGER: A human resources manager, or HR manager, is someone who recruits, interviews and assists a company's employees. HR managers are actually only in charge of their own departments, but are extremely valuable nonetheless, as they try to find people who are good matches for their company's various positions. Interviewing HR managers begin the process of finding employees by combing through cover letters and resumes. Sometimes, supervisors in other departments will perform that task, but even in those instances they will pass along an applicant's info the HR manager. Many HR managers will then call a candidate for an interview, perhaps conducting several as they seek the right fit for their company. During the interview, HR managers ask general questions to try to get a read on an applicant's personality, and how the applicant would react in certain situations. Double-Checking Following the interview process, an HR manager will call a candidate's references, and perhaps run a criminal and financial background check. HR managers also tend to call the candidate's former employers--whether the candidate has the former employer listed as a reference is typically irrelevant. Assuming all of this clears, the HR manager and manager of the department that has an opening will confer and decide on whom to hire. ORGANZATION STUDY HR-ONE CONSULTANT
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Making an Offer Sometime during the interview process, an HR manager will explain to candidates the history of the company, what the available job entails, how much it pays, and what type of health care and retirement packages are available. After choosing a candidate, an HR manager will call the applicant and offer the job. HR managers need to be prepared for the candidate to request more in the way of wages, then get back to the candidate and perhaps make a higher offer. Sometimes, HR managers need to hire candidates who may not be their first choice, simply because some candidates are willing to take the job for less money. Other Duties On top of hiring employees, HR managers typically need to manage their own staffs, who handle things such as employee training, payroll and the writing and distributing of employee handbooks. HR managers also arrange severance packages for those who are fired or laid off. Duties and responsibilities HR RECRUITER The HR Recruiter is a key role in the recruitment and staffing process. The recruiter is fully responsible for the outcomes of the recruitment process in the organization. The key results areas of the job positions are: timeliness of hiring, quality of delivered candidates and reasonable costs of the hiring process. Additionally, the HR Recruiter should be engaged in the company wide projects focused on HR Marketing. Several levels of the HR Recruiter job position usually exist. The recruiter can be the entry level job position in Human Resources. The recruiter has the possibility to recognize the entire organization by meeting managers and helping them hire a new employee. On the other hand, the recruiter can be extremely skilled and job interviewing can be just a small proportion of the working time. The rest can be spent on different projects and process improvements. Key Responsibilities of HR Recruiter Reaching the defined targets for hiring of different job families (time, costs, quality) ORGANZATION STUDY HR-ONE CONSULTANT
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Full execution of the recruitment process (including job posting, phone interviewing, job interviewing, regular communication with candidates and managers) including the recruitment administration Administers job interviewing schedules for all job vacancies (and keeps promises done to job applicants) Manages posting of job vacancies at the best performing recruitment channels (responsiveness, quality and costs) Develops pool of internal and external talents Explores the new recruitment channels and gives recommendations to the Recruitment Manager Execution of the recruitment social media communication, ruled by approved Marketing and HR Marketing principles Monitors the job market and prepares analyses and summaries of the main job market movements Reports the progress on assigned job vacancies on the regular basis, communicates early warnings and provide the regular feedback about the performance of the recruitment process Required Skills Communication Skills Interviewing Skills (job interviewing certificate) Basic Analytical Skills Attention to Details Administration Skills
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3. FUNCTIONAL DEPARTMENT Since the company has only 20 employees, the functions of other departments such as Marketing Department, Purchase Department and System Department is taken care by the following departments only. This is a consultancy company hence there is no need of a Production Department. HUMAN RESOURCE DEPARTMENT There are 20 employees in the organization including the CEO. There are 10 HR recruiters and many interns will be working whenever permitted. CEO HR MANAGER BUSINESS DEVELOPER HR RECRUITERS ACCOUNTS MANAGER SECURITY The HR manager takes in charge of all the HR activities i.e. making awareness of the policies and regulations followed in the company. The compensation and benefit function is taken care by the Accounts department. Training provided is an On-the Job training where the newly recruited candidates will be guided by the HR manager himself. Recruitment Process When I was working there as an intern, there was an internal requirement for an HR recruiter. The following were the steps that were followed and till few process I was allowed to perform by myself. So I was asked to search for ads posted for HR jobs in Quikers.com and selected only those ads which were 6month fresh and located in Bangalore since we needed the requirement for the Bangalore branch. ORGANZATION STUDY HR-ONE CONSULTANT
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Once the filter is done, I called those candidates and enquired them about their interest in this job and if the answer is yes then I would ask them to come for an interview in the next week and fix the time. And this process is known as Sourcing. Out of 20lead calls made only 10 or 12 will turn up. The reason for this poor turn up is myriad. After the candidates arrive they will be asked to wait in the lobby and if the HR manager himself is free he will conduct the interview otherwise any other senior HR recruiter conducts the interview. If the candidate clears that round of interview then he/she will be sent to the CEOs cabin for the final round of interview. In the final round if the candidate clears then he/she will be asked to join the work form the following day. ACCOUNTs DEPARTMENT The function of an accounting department is to look after the finances of a company. This can be anything from paying bills to making sure that the employees that work for the company. The main accounting department functions are; Making payments. Making sure that the company pays all bills, on time and also at the least cost possible. If there is a discount for paying quickly, the accounts department will usually pay the bills as soon as possible so that the company spends as little money as they possibly can. They are responsible for all outgoing payments and making sure that what they are paying is correct. Payroll The accounts department has to ensure that the employees are all paid correctly and on time. They also have to make sure that all of the employees are paying the right amount of tax and that they have not made any mistakes with tax brackets and government payments on behalf of the employees.
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Receiving payments. The accounting department must also receive payments and make sure that these are all processed correctly. These will all be payments for the services or products the company has provided and they must ensure that they have paid all relevant tax. There will also be an element of chasing up payments and making sure that all of the payments are received when they should be. Budgets. They are also responsible for giving budgets and estimates of what they feel the company should be spending. These may be split by department or function and they must also predict budget figures for years to come so that the company knows what it should be spending and more importantly, charging to customers. The Accounts Department handles the Compensation and benefit function. When I was working there as an intern, I helped the Accounts assistant manager is maintain the records at the time of Auditing. They have to make sure the receipt and vouchers support all the entries made. There should be proof. They file all the transactions to avoid chaos. There are only two employees in the Accounts department. BUSINESS DEVELOPING DEPARTMENT There is only one employee who handles this department. The main functions of that employee are: Drive strategic development; spearhead development of marketing and sales. Develop and retain clientele. Marketing resorts, which are owned by the CEO. She has in depth knowledge about the industry and the companys competitors. Communication skills are excellent.
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4. PORTERS FIVE FORCE 1 Threat of New entrants The barriers to entry are very low. To register an HR consultancy is same as registering a company; hence the regulations involved are less complicated. The functions of an HR consultancy also are simple as well as challenging. As the result, there are many HR consultancies popping up in every nook and corner. Result: Relatively weak threat of new entrants
2 Bargaining power of Buyers Clients are many and companies with the requirement of a well established position have more bargaining power, whereas companies with low profile get a low bargaining power. Since there are many HR consultancies in the market, this company tries and retains its loyal customers and attracts new clients. Result: the bargaining power of the buyers is strong.
3 Bargaining power of suppliers Job portals are the main suppliers of the company. The company pays a certain amount to these job portals to maintain an account in their portals which acts as a main source of potential candidates. These job portals like Naukri.com, Monster.com are very famous job portals where many potential candidates upload their resumes. Due to recession many individuals upload their resumes in these job portals and await for a response from various consultancies and companies, hence the bargaining power of suppliers are very strong. Result: the bargaining power of suppliers is very strong
4 Threat of substitute products and services Substitutes for this company are the companies who recruit directly and Employment agencies. ORGANZATION STUDY HR-ONE CONSULTANT
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Some of these employment agencies charge the candidates once they are recruited which this company does not follow. HR-One charges the companies and not the candidates. Result: threat of substitutes is low. 5 Rivalry among existing competitors Due to low barriers for entry in this industry, there are many consultancies cropping up in every nook and corner which increases the threat of new entrants. There are many other HR consultancies which are well reputed in the market which have better network than HR-One. In the current economic crisis, there is minimal profitability and only companies with large cash reserves and excellent networking are likely to survive.
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6. SWOT ANALYSIS SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. It is a popular analysis technique used in planning, problem-solving and decision-making across an assortment of business functions and activities. Strengths: They are able to respond very quickly as they have no red tape, no need for higher management approval, etc. They are able to give really good customer care, as the current small amount of work means they have plenty of time to devote to customers Their lead consultant has strong reputation within the market Weaknesses: HR-One Company has no market presence or reputation The company is vulnerable to vital staff being sick, leaving, etc. Opportunities: Their business sector is expanding, with many future opportunities for success Their local council wants to encourage local businesses with work where possible i.e. encourage work from home. Threats: The growing competition in this industry poses as a major threat to the company. Finding potential candidates to fill in clients requirement is tough these days.
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7. EXPERIENCE REVIEW Mr. Henry, HR manager of the company was in charge of all the interns in the company. He only assigns work to the interns and interns are answerable to him. As an intern 1 st day I was asked to get well versed with the policies of the company. Know its functions, their associations and its history. After going through the information about the company. I was given a clients requirement. I was asked to screen resumes in Monster.com and report the potential candidates to the manager. I was given the username and password to access into their Monster.com account through which I was asked to screen many resumes in accordance to the clients requirements, which is the 1 st work performed by an HR recruiter. I worked on excel sheet and created a database of job ads published in Ascent, a supplement of Times of India. As the next step, there was an internal requirement of an HR recruiter in the company hence I was asked to select potential candidates in Quikr.com and make cold calls and enquire about their interest in the job and if they are then I enquired further about their professional background and fix an interview for those candidates.
Since I worked as an intern and was allowed to share a part of their work, there are no findings and suggestions for this company.
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7. CONCLUSION HR-One Management consultant has provided me a great platform to learn about all the activities that take place in a HR consultancy. The HR manger in this company has helped me a lot, with patience taught me how to work and trusted me and assigned work. End to End work of an HR recruiter was taught to me and was allowed to do most of the work except interviewing the candidates. This internship program has given me a great insight into the corporate world and helped me understand many theoretical topics learnt in HR. It was a great experience and very helpful.