A COMPERHENSIVE PROJECT ON BEST HR PRACTICES AT TECH MAHINDRA Submitted To: (Chaudhari Technical Institute, MBA) IN PARTICULAR FULFILLMENT OF THE REQUIREMENT OF THE AWARDS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION IN GUJRAT TECHNOLOGICAL UNIVERSITY UNDER THE GUIDANCE OF Faculty Guide: Miss. Bhumika Raval (Assistant Professor) Submitted by: Khyati Patel (127080592015) Neelam Patel (127080592031)
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A
COMPERHENSIVE PROJECT
ON
BEST HR PRACTICES AT TECH MAHINDRA
Submitted To:
(Chaudhari Technical Institute, MBA)
IN PARTICULAR FULFILLMENT OF THE
REQUIREMENT OF THE AWARDS FOR THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION
IN
GUJRAT TECHNOLOGICAL UNIVERSITY
UNDER THE GUIDANCE OF
Faculty Guide:
Miss. Bhumika Raval
(Assistant Professor)
Submitted by:
Khyati Patel (127080592015)
Neelam Patel (127080592031)
MBA SEMESTER-III
(Chaudhari Technical Institute)
MBA PROGRAMME Affiliated to Gujarat Technology University, Ahemadabad
The grand project will help us to understand practical aspects of business management in a better way, as part of M.B.A program.
Research regarding Best HR Practices At Tech Mahindra Company related with IT Industry.
To be student of MBA is a matter of pride because we are in a field, which helps to develop from a normal human being into a disciplined, and dedicated professional .one has to be a good learner to sharpen knowledge in the particular field to achieve and attain the desired goals and heights.
We had learned a lot during the grand project on Best Hr Practices at Tech Mahindra Company and we hope this will be helpful to find out the awareness of customers.
ACKNOWLEGDEMENT
It is our pleasure to place on record my sincere gratitude towards our guide Assist. Prof. Bhumika Raval.
Who spent her precious time providing continuous ideas and expert guidance to our Project Work.
We are also thankful to our Director MR. Amit Patel to give us such opportunity.
It was her direction and encouragement at every moment and step that motivated us to accomplish the research work confidently and successfully.
We are also thankful to our Venerable Gujarat Technology University which encouragement, moral support and provide the valuable guidance, which has been a source of inspiration to me.
We are indebted to our respected parents because of whose blessing we have been able to carry out this work successfully.
EXECUTIVE SUMMARY
It gives us the great pleasure to present this Project report on BEST HR PRACTICES.
The main objective of the project was to study and to get knowledge about BEST HR PRACTICES at company.
We can get the Work knowledge about the HR Practices in the company.
One of the major developments in the HR Practices in IT Industry over the last years has been grow our knowledge.
Literature Review
Human Resource is the most important asset for any organization and it is the source of achieving
competitive advantage. Managing human resources is very challenging as compared to managing
technology or capital and for its effective management, organization requires effective HRM system.
HRM system should be backed up by sound HRM practices.
HRM practices refer to organizational activities directed at managing the pool of human resources and
ensuring that the resources are employed towards the fulfillment of organizational goals. This paper has
been designed to review the existing literature available on HRM Practices. The purpose of this paper is
to develop an understanding of HRM Practices and to examine the unique HRM practices implemented
by different companies.
After reviewing the existing literature on HRM practices, we have found that HRM practices get
affected by external and internal factors and directly or indirectly affect other variables such as
employee’s attitude, employee employer relations, financial performance, employee productivity etc.
and ultimately contribute to overall corporate performance. On the basis of the literature reviewed, a
normative framework has been developed showing how HRM practices leads to overall corporate
performance.
The review of the literature on HRM practices have shown that to effectively manage the human
resources the organizations have to implement innovative HRM practices.
The organizations which implements such practices with dedication, remains ahead of their competitors
because such practices affects other variables such as competitive advantage, job satisfaction, financial
performance, employee turnover, service quality, employee commitment etc. in a positive manner and
leads to overall corporate performance.
While designing and implementing such practices, one important thing is to be kept in mind that the
HRM practices should be analyzed from time to time and it should be updated accordingly. Line
managers should be involved in designing HRM practices and survey should be conducted among
employees to know their opinion about HRM practices. This will help the organization to take
corrective actions at the right time.
Objectives
Human Resource Management (HRM) is a planned approach to managing people effectively for
performance.
It aims to establish a more open, flexible and caring management style so that staff will be motivated,
developed and managed in a way that they can give of their best to support departments missions.
Good HRM practices are instrumental in helping achieve departmental objectives and enhance
productivity. For the purpose of sharing experience and providing reference in launching HRM
initiatives, we have gathered in this booklet some good examples introduced by departments.
To study and understand the Human Resource Practices at IT Industry in Tech Mahindra.
To understand the Recruitment, selection and hiring policies at the company.
To understand how the different HR Practices and Policies Works at Company in practical.
Introduction About The Tech Mahindra
Tech Mahindra Limited is an Indian multinational provider of information technology (IT), networking
technology solutions and business support services (BPO) to the telecommunications industry.[3] Tech
Mahindra is a part of the Mahindra Group conglomerate. It is headquartered at Mumbai, India.
Tech Mahindra is ranked #5 in India's software services firms and overall #111 in Fortune India 500 list
for 2012.
Its executive management team consists of,
Anand Mahindra (Chairman),
Vineet Nayyar(Vice Chairman),
C. P. Gurnani (CEO and MD),
Manoj Chugh (Global Head sales),
Sujit Baksi (President – Corporate Affairs & Business Services Group),
Milind Kulkarni (Chief Financial Officer),
L. Ravichandran (President - IT Services),
Amitava Roy (Chief Operating Officer) and
Sujitha Karnad (Senior Vice President - HR & QMG for IT Services).
Tech Mahindra, on June 25, 2013 announced the completion of Mahindra Satyam’s merger with itself.
Post-merger, the new entity will become the fifth largest IT Company in the country with revenues of
$2.7 billion.
Milind Kulkarni would be the CFO of the combined entity which would have a team of 83,000
professionals, servicing 540 customers across 49 countries.