A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON AND STEELS LTD AT BELGAUM Babasabpatilfreepptmba.com Page 1 EXECUTIVE SUMMARY Topic: Multi skill development at staff level Name of the organization: Shanti Iron & Steels Need of the study: To understand the multi skills development of office staff To enhance their productivity. How organization will benefit through this Objectives of the study: Identify the different skills for each job to be possessed by the employees. Identify the common skills among the staff (employees) To identify the training needs required for the developing multi skills among employees. Methodology: Data collection method Primary Data: Information collected through Questionnaire & personal interview Secondary Data: Collected from various books on Human resources Management, Internet & Magazine. Tools & techniques: The tools & techniques used are correlation
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A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
Babasabpatilfreepptmba.com Page 1
EXECUTIVE SUMMARY
Topic: Multi skill development at staff level
Name of the organization: Shanti Iron & Steels
Need of the study:
To understand the multi skills development of office staff
To enhance their productivity.
How organization will benefit through this
Objectives of the study:
Identify the different skills for each job to be possessed by the employees.
Identify the common skills among the staff (employees)
To identify the training needs required for the developing multi skills among
employees.
Methodology:
Data collection method
Primary Data:
Information collected through Questionnaire & personal interview
Secondary Data:
Collected from various books on Human resources Management, Internet & Magazine.
Tools & techniques:
The tools & techniques used are correlation
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
Babasabpatilfreepptmba.com Page 2
Limitations:
Time constraints
Advantages of multiskilling
1. To identify the training needs of every employee.
2. To identify avenues for job rotation.
3. To identify areas for on-the-job training.
4. To assist in manpower planning/recruitment process for addition of new skills as
direct intake to the organization.
5. For maximizing utilization of manpower resources.
6. To take care of exigencies, succession planning etc.,
Constraints
1. Time consuming process.
2. Laborious data collection.
3. Involvement of shop level executives.
4. Continuous process and requires to be followed up at a regular frequency and
schedule (at least once a year).
5. Training for consistency needed for shop floor supervisors/engineers to help
towards appraising their workmen.
Management preparation
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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1. Management should be convinced thoroughly and should feel that this exercise is
necessary.
2. Management should realize that it is a time consuming process and should not be
impatient for results.
3. Batch size to be determined and batches of employees to be identified and prior
approval from the management obtained for enabling interdepartmental transfers /
rotations.
4. Both nurturing as well as vigil supervision is required in the organization.
5. Resilience to take care of errors and rejections, if any.
Flexibility should be in built in the system in such a way that the skills, which become
redundant over a period of time should be constantly identified, eliminated and substituted
with new skills required for the organization. Further coordination of HR professional shall
be valid only when he becomes a business professional whereby he/she understands and
anticipates every requirement of the organization with the changing pace of the market and
environment. Today's HR professionals should adapt and enrich themselves with technical
job knowledge that evolves in their organization. They should take to multi skilling, as
they have no other option other than this for their own existence.
SHREE CEMENT
MULTISKILL DEVELOPMENT TRAINING PROGRAMME
In 2001-02, the company started the concept of multi skilling to optimize manpower,
enhance skill sets and to facilitate cross-functional development. Unlike other
organizations who introduce multi-skilling for high fliers, the company started this concept
first for its workers.
Reason: The Company faced a problem of surplus workers. Other organizations would
have resorted to retrenching and laying off, but this is not Shree's philosophy. Shree
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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optimally utilized its surplus strength by developing worker skills in other technical
process. This helped the company build in a redundancy factor wherein at any given point
there was always a skilled set of people for any function. The company reduced overtime
through efficient manpower utilizations, organized smooth functioning of the production
cycle, increased job security leading to a greater sense of belonging and strengthened
industrial relations. As a result the company did not lose a single day's work due to strikes
or lockouts. Employees were deputed for Multiskill training of fitter trade in different
Industrial Training Centers.
Following the success of multi-skilling with workers, the company introduced this concept
with staff members. The objective was to enhance competencies and to enable managers
understand how an initiative taken by their department could affect the productivity and
performance of another department. This broadened the outlook of staff members, making
them think like business managers.
Multi-skill training is important at the village level because (1) it broadens the intellectual
horizon (2) it meets the rural job requirements better (3) people with multi-skill are better
equipped to spot opportunities and be able to exploit them (4) a single skill is generally not
adequate in the rural economy to sustain an individual.
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AND STEELS LTD AT BELGAUM
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INDUSTRY PROFILE:
HISTORY OF INDIAN IRON AND STEEL INDUSTRY :
IRON AND STEEL INDUSTRY IN INDIA
The Indian iron and steel industry is nearly a century old with Tata Iron & Steel Co
(Tata Steel) being the first integrated steel plant being set up in 1907. Post
independence the industry made a steady progress. At present India is the tenth largest
producer of steel in the world.
In India, a major part of steel is consumed in engineering applications, followed by
automobiles and construction. The growth of steel, as is well known, is dependent upon
the growth of the economy, industrial production and infrastructure sectors. Over the
last few years the performance of the Indian steel industry has been adversely affected
due to overcapacity, cheap imports, economic slowdown, declining global steel prices
and also anti dumping duty imposed by USA on Indian exports. Most major steel
companies, with the exception of Tata Steel, have thus been reporting losses.
However, the initial indications are that 2002 would be a better year as far as
demand is concerned. Of late there has been some revival in the automobile sector. The
demand for two-wheelers, passenger cars and HCV segment are witnessing a recovery.
This recovery in the automobile sector is expected to benefit the steel industry. The
government is also talking about pump priming the economy. Any step up in
government expenditure on infrastructure projects is also likely to benefit the steel
sector
Steel Ministry, at present, has 12 public sector undertakings (PSUs) including the
Steel Authority of India Limited (SAIL), National Mineral Development Corporation
(NMDC), Kudramukh Iron Ore Company Limited (KIOCL), Rastriya Ispat Nigam
Limited (RINL), Metallurgical and Engineering Consultants India Limited (MECON).
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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CHANGES
Until the 1990s, the iron and steel sector was by and large the exclusive preserve of
only the public sector, the sole exception being TISCO.The economic policy announced
in 1991 was a significant mile stone which brought out a sea change in Indian iron and
steel industry. In the post –liberalization era, the structure of the steel industry
underwent a sea change with the advent of major steel producers in the private sector
with the world class technologies and capacities .Many all India financial institutions
came forward to support the private initiatives and by sanctioning financial assistance,
19 steel projects involving an investment of about Rs .30,000 crore to create an
additional capacity of 13 million tones(mt.)per annum .Today India is the 10th
largest
steel producers in the world producing 27.82 million tones of finished steel a year. The
industry represents nearly Rs9, 000 crore capital and directly provides employments to
over 0.5 million people. The world‟s largest producer of steel is China (107mt.)
followed by Japan (104mt.) and USA (97Mt.)
PRODUCTION
The health of the iron & steel industry is linked with the economic condition of
the nation. The general slow down of the economy & some other factors like dumping
from the CIS & South East Asian countries in the last two years, have adversely
affected the Indian steel industry. However, with the expected growth rate of the
economy, led by large\scale investment in infrastructure & housing sectors, the iron &
steel sector has shown growth. The production of finished steel has gone up by 12%
during 1999-2000 compared to 1998-1999 while that of pig iron increased by 5% and
sponge iron by 2% .
EXPORTS
The export performance of the Indian steel industries was very good during 1999-
2000. Exports of finished steel increased by almost 51% to 2.6 million tones while
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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exports of pig iron increased to 2.9 million tones. International prices have started
firming up, and this wood insure the continued presence of Indian steel in the global
markets exports are also expected to take of the increased supply of some finished steel
products especially from the new producers in the country. Domestic steel prices have
also firmed up in line with the international markets. This is expected to improve the
bottom line of the major steel producers in the country. In the first quarter of the 2000-
2001, the steel sector has kept up its tempo of production and exports of the last quarter
of 1999-2000.
PER CAPITA INCOME CONSUMTION
India‟s presents per capita consumption of crude steel is Only 24 kgs .which is very
low compared to the developed and developing countries, 422 kg. In USA, 417 kg .in
Germany. 109kg in Russia and 87kg. In china. Our consumption is less than 1/5th
of the
world average I e 121kg. Govt of India has taken a no of steps to boot up the per capita
consumption of steel in country.
MINISTRY’S INITIATIVES
Due to slow down in steel industry in the world. Many steel companies in India
incurred loss of Rs 1574 crore. Government recently has approved a financial and
business restructuring package for SALE Involving a massive waiver of Rs 381 crore
from government of India. The other measures in the package include provision of
government guarantee for Rs. 3000 crore to be raised by SAIL for its VRS scheme and
to meet its repayment obligations on past loans. SAIL has been asked in the package to
initiate process of divestment in some non-core assets protecting jobs of its existing
employees. With the government initiative, the mining lease for the Kudramukh Iron
ore project has been renewed for a year and steps are being taken to get 20 years lease.
The government also approved a second capital restructuring package for RINL in May
1998 converting Rs. 133.47 crore in preferential capital. The company has also prepared
a turn-around plan to get out of its financial difficulties.
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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The government has been making all out efforts to help the domestic steel industry to
overcome their problems. To boost the demand and consumption of steel, an Institution
for Steel Development and Growth (INSDAG) has been set up involving the leading
steel producers in the country. The Development Commissioner for Iron and Steel had
launched a national campaign for increasing the demand for steel in the non-traditional
sectors, particulars in the construction, rural and agro-based industrial sectors. Other
areas include reduction in power and railway tariffs, reduction in input costs,
strengthening of antidumping mechanism, setting up a steel exporter‟s forum and
empower committee for research and development.
SET TO FACE GLOBALITION
The Indian Iron and Steel Industry have scared new heights in the post-independent
India to become the tenth largest producer of steel in the world. Its now a century old.
Beginning from Tata Iron and Steel Company (1907), Mysore Iron Steel Company
(1923) and Steel Corporation of Bengal (1932), it has traveled a long way to become a
symbol of National; pride. At the time of Independent, the country came during the
private sector. The first big push to this industry came during the First Three Five Year
Plans.
TOWARDS LIBERALIZATION
The Indian iron and steel sector was the first core sector to be deregulated in 1991. The
dereservation of capacity was followed by decontrol of price and distribution. The
lowering of tariff rates and lifting of quantitative restrictions were steps towards further
liberation. The post liberalization era witnessed the emergence of private sector.
Financial institutions cleared 19 projects of 13 million tons with an investment of Rs.
26000 crore. The nineties witnessed the largest expansion of capacity and out put of
steel sector. The production of steel increased from 14.34 million in 1991-92 to over 27
million tons in 1999-2000. In the current year also, the finished steel production has
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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shown considerable growth. Global integration, however, has not been an unmitigated
blessing for the Indian iron and steel industry. After the fast paced growth of post
liberalization years, the harsher realities of a market centric open economy showed its
face.
INCREASING R & D
Research and development is the key to increase productivity and ensure quality, cost
effectiveness, safety and environment friendly atmosphere in the steel plants. The
Ministry had been pursuing the industry to make more investments in this area. As per
the decision of the government, R&D activities are being supplemented by the steel
Ministry by providing financial assistance from Steel Development Fund (SDF). The
Ministry has set up an institute for Steel Development & Growth (INSDAG) and a
National Campaign Committee under the Joint Plant Committee for the promotion of
steel. Recently, the Ministry has decided to set up an apex organization “The National
Steel Institute” for the promotion of research, Training and Consultancy in the Steel
Sector.
The Indian iron and steel industry, however, has a potential for achieving a high
growth rate. Inspite of the slow down in the global and domestic economies, it achieved
a growth rate of 14% in 1999-2000. The Ninth Plan projection in the steel industry
stands at 38 million tons which includes about 32 million tons of domestic demand and
6 million tons of export. The iron and steel industry contributes about Rs. 8,000 crore to
the national exchequer in the form of excise and custom duties apart from earning
foreign exchange of approximately Rs. 3,000 crore through exports.
The vision 2020 document of the Ministry envisages trebling the steel demand,
producing world class steel, adopting environment friendly clean technologies and
exploring new areas for export. The Ministry has decided to bring out a National Steel
Policy in consultation with all steel industries. It will, indeed, be a road- map for the
progress of the steel sector in the new millennium in the context of second generation
reforms and globalization.
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COMPANY PROFILE
Shanti Iron and Steel is a partnership concern established in the year 1974 With
The Initial working capital of Rs:10 lakhs. Shanti Iron and Steel has emerged over a span
of 30 years. It has the people with the expert team of highly trained & experienced with the
expert team of highly trained & experienced professional managers & technologies.
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON
AND STEELS LTD AT BELGAUM
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The main manufacturing activity is machine-casting components for automobiles,
textile and allied engineering needs and ductile iron castings from 1 kg to 600 kg per
piece.
It has foundry with machine shop comprising 4 cupolas and 1 induction furnace machine
shop comprising of convention machines with Plano Millar, Grinder, 3 CNC Machine, 1
HMC machines,1 VMC machine and conventional machine shop.
COMPANY : "Shanti Iron & Steel".
ESTABLISHED: 1st July 1974.
BUSINESS:
Manufacturers of 'Ready to Assemble' graded
Grey Iron.
An ISO 9001:2000 company.
CONSTITUTION: Partnership Firm.
PARTNERS:
Mr. Kantilal V. Porwal - Commercial affairs
Mr. Shantilal V. Porwal - Technical affairs
Mr. Santosh K. Porwal - Marketing
SALES
TURNOVER:
2005-06
Rs. 16.64 Crore.
ANNUAL
PRODUCTION: 2800 MT.
A PROJECT REPORT ON MULTI SKILL DEVELOPMENT AT SHANTI IRON