SYNOPSIS REPORT

Study Conducted

AT

HDFC Standard Life Insurance Co. Ltd, Bangalore

A Project Report submitted in partial fulfilment of the requirements

For the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

SUBMITTED BY: AGRADEEP MANDAL

Reg. No. 09CUCMA003

Department of Management Studies

VIVEKANANDA DEGREE COLLEGE

INSTITUTE OF MANAGEMENT STUDIES

Dr. Rajkumar Road, Rajajinagar II Stage, Bangalore-560055

1. TITLE OF THE PROJECT

Training & Development of Employees and Significance of Job Analysis in HDFC Standard Life
Insurance Co. Ltd.

2. STATEMENT OF RESEARCH PROBLEM

The game of economic competition has new rules. Firms should be fast and responsive. This
requires responding to customers' needs for quality, variety, customization, convenience and
timeliness. Meeting these new standards requires a workforce that is technically trained in all
respects. It requires people who are capable of analyzing and solving job related problems,
working cooperatively in teams and 'changing hats' and shifting from job to job as well. Training
has increased in importance in today's environment where jobs are complex and change rapidly.
Companies that pay lip-service to the need for training, by lazily setting aside a few hours a year,
will soon find themselves at the receiving end when talented employees leave in frustration and
other employees find it difficult to beat rivals with new products, sophisticated designs and
improved ways of selling. To survive and flourish in the present day corporate-jungle, companies
should invest time and money in upgrading the knowledge and skills of their employees
constantly.

3. OJECTIVES OF THE STUDY

 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.

 Functional Objectives – maintain the department’s contribution at a level suitable to the

organization’s needs.
  Societal Objectives – ensure that an organization is ethically and socially responsible to
the needs and challenges of the society.

4. METHODOLOGY OF RESEARCH

The method used of data collection is:

 Primary data

 Secondary data

PRIMARY DATA: Primary data are data’s, which are original in nature, and are collected by
the Researcher. The method used to collect the primary data was Survey Method. The survey
method included a structured questionnaire that was given to the respondent.

SECONDARY DATA: Secondary data are data, which has been collected and compiled in
advance for another needed purpose. Secondary data is an important method to know the present
problem faced by the Employees and how training helped them.

TOOLS FOR DATA COLLECTION

 Interviews with incumbents and supervisors
 Questionnaires (structured, open-ended, or both)
 Observation
 Critical incident investigations
 Gathering background information such as duty statements or classification specifications
 In job analysis conducted by HR professionals

Note: it is common to use more than one of these methods

5. SAMPLING
Random Sampling was taken into account to collect the data.

SAMPLE UNIT
The sample was considered to be the employees of HDFC Standard Life Insurance Co. Ltd.

SAMPLE SIZE
Samples sizes of total 50 direct employee of HDFC Standard Life Insurance Co. Ltd.

6. PLAN OF ANALYSIS

 Calculations have been done for interpretation such as percentages, average set.

 The data collected are organized, coded, processed and tabulated in order to create graphs
and charts to enhance presentation and make the project understandable.

7. CHAPTER SCHEME
Chapter 1: Introduction
This chapter will introduce the topic of the study and its importance. It will briefly explain the
topic of research and the various variables attached to it.

Chapter 2: Company Profile

This chapter will deal with Business details such as company name, business structure,
industry and product types.

Chapter 3: Research Methodology

This chapter will deal with the research design adopted for the study; it includes the type of
research, sampling technique, sample size, data gathering and tools to be used for hypothesis.

Chapter 4: Analysis and Interpretation

This chapter will present the analysis and interpretation of data collected.
.
Chapter 5: Findings, suggestions and recommendations
This chapter will deal with the findings that would be arrived after the study, followed by a brief
discussion about the suggestions and recommendations.

Annexure
Bibliography
And various secondary sources of information (raw data)

Place: Bangalore
Date:
Agradeep Mandal