AT
SUBMITTED TO
a%
NEERAJ
S&ARMA
student
of
IPS
CO++EGE
O,
TEC&NO+OG! AND MANAGEMENT G-A+IOR. Hereby declare that industrial training report is the record of authentic work carried out by me from ./ j0ne to *1 j0ly 21.* towards fulfillment of requirement for the completion of MBA course as prescribed by JI-AJI UNI3ERSIT!4 G-A+IOR4 MP" It has not been submitted to any other university of institute for the award of any degree/diploma etc.
AC+#O'L %! M #T
Many people have helped and encouraged me. It is impossible to single them out & give them the credit they deserve. I am thankful to M&, MA#IS" SI#!" for providing me an opportunity to work with Property
#UNCT!"N infracon (P) ltd. for the summer training
project.
I would like to give a special thanks to my "O%, %&, ! O&! T"OMAS for the valuable support ,,which is provided by him .
PLAC ( -
#eeraMBA *rd S M
Sharma
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Sno" . 2 * 5 / 6 7 8 9 .1 Title Pa#e
INTRODUCTION O, COMPAN!
PROPERTY JUNCTION INFRACON Pvt. Ltd. is one of the services Provider in the Indian REAL ESTATE mar et! "ith its ori#ins in $%&'. (e are rea) estate service service *rovider. Pro*ert+ ,-nction thrives to *rovide a#ric-)t-re! commercia)! residentia) *ro*ert+ services to the c-stomers.
For )ast some months "e have *roves a horde of so)-tion that ma e )ife eas+ and comforta.)e. The standard service *rovided .+ *ro*ert+ ,-nction ta e care of each and ever+ dai)+ chores of c-stomers! .e it a cor*oration or an individ-a). It/s o-r mission to create o**ort-nities so *eo*)e can )ive .etter. (e consider it o-r res*onsi.i)it+ to ma e a *ositive im*act in the comm-nities "e serve. (hether it/s thro-#h the #rants "e *rovide to the tho-sands of c-stomers that share o-r mission or thro-#h the ins*irin# efforts of *ro*ert+ *rovider! "e are *assionate a.o-t the he)*in# *eo*)e to )ive .etter. As the cons-m*tion *attern of mar et chan#in# da+ .+ da+! hence chan#in# the ha.it of cons-mers! the demand of rea) estate *ro*ert+ services "hich a)so inc)-de cash on is increasin#. The *ro*ert+ ,-nction India comes as an o**ort-nit+ "hich rea) estate the *rod-ct direct)+ to the on a thro-#h a "e))0mana#ed service *rovider of 1*ro*ert+ ,-nction2.
Co-nse)in# and cons-)tanc+ 3an in# s-**ort Le#a) and technica) assistance Interiors cons-)tanc+ Re#istr+ Possession S-**ort
3esides that it a)so *romise that the *rod-ct and services "i)) .e char#ed )ess than the common mar et *rice and the 4-a)it+ is #-aranteed at *ro*ert+ ,-nction.
Real estate services are well known in !ndia and abroad. "stablished in #$%&' property (unction has been providing an )pportunity which the product directly to the home on a through a well managed real estate of *PROPERT! JUNCTION:"
!t is a highly customer centric services company providing over hundred plus services to corporations to individuals. !t is !ndia+s leading R"A, "-.A." service provider.
deve)o*ed and im*)emented so)-tions for f-)fi)) the needs of each and ever+ c-stomer. Pro*ert+ ,-nction is an Indian cor*oration that r-ns a chain of )ar#e! disco-nt services. It is the India/s )ar#est cor*orations .+ reven-e and is fo-nded .+ 7r. 8a-sh)endra Sin#h In $%&$. 3efore o*enin# *ro*ert+ ,-nction the+ are st-d+ the severa) needs and rea) estate thro-#h man+ s-rve+s and 4-estionnaires. 9e .ecome convinced Indian cons-mers "anted a ne" t+*e of services! tr-stin# his vision: the+ *-t -* his mone+ and his effort for the first Pro*ert+ J-nction Infracon Pvt. Ltd. ;"a)ior. In 7arch $%&$! *ro*ert+ ,-nction started his services in ;"a)ior "ith ever+ fe" cons-mers and fe" services. After some months Com*an+ started to #ro" "ith man+ ne" services. 3-t toda+ *ro*ert+ ,-nction has aro-nd &< )a hs c-stomers and h-ndred *)-s services to f-)fi)) the needs of cons-mers and no" ever+ month it ,oined the h-ndred ne" cons-mers. No" a da+s it is the most s-ccessf-) service *rovider com*an+ in the co-ntr+ "ith the ima#e of *rovidin# #ood 4-a)it+ of items at the roc .ottom *rice.. Therefore! it has to comm-nicate this ima#e to the cons-mer sho"in# ha**+ fami)+ .-+in# their service.
3$0 %/0
&5 . ; c. p. 4 town ; country planning 5 15 municipal O;je<tives o( )ro)erty j0n<tion : .he main ob(ective of property (unction is to satisfy customer needs. <ustomers want quality' satisfaction property and reasonable price.
:eeping their understanding of consumer+s trends and creating new analytical tools. Attract more customers by giving features like installment payment ' customer booking etc.
Maintain e=cellent customer service > ?ive the customers what they want@ quality property at affordable prices on service.
PRODUCTION
PRODUCT AND SER ICES O! PROPERT" #UNCTION
Pro*ert+ ,-nction is a rea) estate com*an+. And it is an indian com*an+ and it service *rovider "hich ta e care of each and ever+ dai)+ chores of c-stomers! .e it a cor*oration or an individ-a) and com*an+ *rod-ct name mansarovar serenit+.
Co-nse)in# and cons-)tanc+ 3an in# s-**ort Le#a) and technica) assistance Interiors cons-)tanc+ Re#istr+ Possession S-**ort
Rea) estate *rovides= From a#ric-)t-re! commercia)! residentia) of Pro*ert+ J-nction India a)) of ho-se ho)d re4-irements "ith 4-a)it+ ass-rance so that its c-stomers can sta+ an eas+ and hea)th+ )ife .+ s*endin# more time "ith their fami)+.
$ANSARO AR SERENIT" :%
.he &R (0n<tionin# is changing with time and with this change' the relationship between the training function and other management activity is also changing. .he development activities are now equally important with that of other HR functions. ?one are the days' when training was considered to be futile' waste of time' resources' and money. 8ow a days' training is an investment because the departments such as' marketing ; sales' HR' production' finance' etc depends on training for its survival. !f trainin# is not considered as a priority or not seen as a vital part in the organi9ation' then it is difficult to accept that such a company has effectively carried out HRM. .raining actually provides the opportunity to raise the profile development activities in the organi9ation. .o increase the commitment level of employees and growth in quality movement 4concepts of HRM5' senior management team is now increasing the role of training. -uch concepts of HRM require careful planning as well as greater emphasis on employee development and long term education. .raining is now the important tool of &0%an Reso0r<e Mana#e%ent to control the attrition rate because it helps in motivating employees' achieving their professional and personal goals' increasing the level of (ob satisfaction' etc. As a result training is given on a variety of skill development and covers a multitude of courses.
Role o( &RD Pro(essionals in Trainin# .his is the era of cut throat competition and with this changing scenario of businessA the role of HR )ro(essionals in trainin# has been widened. HR role now is@ %. Active involvement in employee education #. Rewards for improvement in performance &. Rewards to be associated with self esteem and self worth 1. Broviding pre employment market oriented skill development education and post employment support for advanced education and training /. Cle=ible access i.e. anytime' anywhere training
C&APTER = . INTRODUCTION
TRAINING
!t is a learning process that involves the acquisition of knowledge' sharpening of skills' concepts' rules' or changing of attitudes and behaviours to enhance the performance of employees. Trainin# is a<tivity lea'in# to s>ille' ;e$avior"
!t+s not what you want in life' but it+s knowing how to reach it !t+s not where you want to go' but it+s knowing how to get there !t+s not how high you want to rise' but it+s knowing how to take off !t may not be quite the outcome you were aiming for' but it will be an outcome !t+s not what you dream of doing' but it+s having the knowledge to do it !tDs not a set of goals' but it+s more like a vision !t+s not the goal you set' but it+s what you need to achieve it
.raining is about knowing where you stand 4no matter how good or bad the current situation looks5 at present' and where you will be after some point of time. .raining is about the acquisition of knowledge' skills' and abilities 4E-A5 through professional development.
RO+E O, TRAINING
Objectives Trainin& '()ectives are one of the most important parts of training program. Fhile some people think of training ob(ective as a waste of valuable time. .he counterargument here is that resources are always limited and the training ob(ectives actually lead the design of training. !t provides the clear guidelines and develops in less time because ob(ectives focus specifically on needs. !t helps in adhering to a plan.
Trainin& '()ective tell the trainee that what is e=pected out of him at the end of the training program. .raining ob(ectives are of great significance from a number of stakeholder perspectives' %. .rainer #. .rainee &. :esigner 1. "valuator Trainer = .he training ob(ective is also beneficial to trainer because it helps the trainer to measure the progress of trainees and make the required ad(ustments. Also' trainer comes in a position to establish a relationship between ob(ectives and particular segments of training.
Trainee = .he training ob(ective is beneficial to the trainee because it helps in reducing the an=iety of the trainee up to some e=tent. 8ot knowing anything or going to a place which is unknown creates an=iety that can negatively affect learning. .herefore' it is important to keep the participants aware of the happenings' rather than keeping it surprise. -econdly' it helps in increase in concentration' which is the crucial factor to make the training successful. .he ob(ectives create an image of the trainin# )ro#ra% in trainee+s mind that actually helps in gaining attention. .hirdly' if the goal is set to be challenging and motivating' then the likelihood of achieving those goals is much higher than the situation in which no goal is set. .herefore' trainin# o;je<tives helps in increasing the probability that the participants will be successful in training. Desi#ner = .he training ob(ective is beneficial to the training designer because if the designer is aware what is to be achieved in the end then he+ll buy the training package according to that only. .he training designer would then look for the training methods' training equipments' and training content accordingly to achieve those ob(ectives. Curthermore' planning always helps in dealing effectively in an une=pected situation. <onsider an e=ampleA the ob(ective of one training program is to deal effectively with customers to increase the sales. -ince the ob(ective is known' the designer will 'esi#n a trainin# )ro#ra% that will include ways to improve the interpersonal skills' such as verbal and non verbal language' dealing in une=pected situation i.e. when there is a defect in a product or when a customer is angry. .herefore' without any guidance' the training may not be designed appropriately. Eval0ator = !t becomes easy for the trainin# eval0ator to measure the progress of the trainees because the ob(ectives define the e=pected performance of trainees. .raining ob(ective is an important to tool to (udge the performance of participants.
I%)ortan<e O( Trainin#
O)ti%0% Utili?ation o( &0%an Reso0r<es = .raining and :evelopment helps in optimi9ing the utili9ation of human resource that further helps the employee to achieve the organi9ational goals as well as their individual goals.
Develo)%ent o( &0%an Reso0r<es = .raining and :evelopment helps to provide an opportunity and broad structure for the development of human resources+ technical and behavioral skills in an organi9ation. !t also helps the employees in attaining personal growth.
Develo)%ent o( s>ills o( e%)loyees = .raining and :evelopment helps in increasing the (ob knowledge and skills of employees at each level. !t helps to e=pand the hori9ons of human intellect and an overall personality of the employees.
Pro'0<tivity = .raining and :evelopment helps in increasing the productivity of the employees that helps the or#ani?ation further to achieve its long term goal. Tea% s)irit = .raining and :evelopment helps in inculcating the sense of team work' team spirit' and inter team collaborations. !t helps in inculcating the 9eal to learn within the employees. Or#ani?ation C0lt0re = .raining and :evelopment helps to develop and improve the organi9ational health culture and effectiveness. !t helps in creating the learning culture within the organi9ation. Or#ani?ation Cli%ate = .raining and :evelopment helps building the positive
perception and feeling about the organi9ation. .he employees get these feelings from leaders' subordinates' and peers. @0ality = .raining and :evelopment helps in improving upon the quality of work and work life. &ealt$y wor> environ%ent = Trainin# an' Develo)%enthelps in creating the healthy working environment. !t helps to build good employee' relationship so that individual goals
&ealt$ an' Sa(ety = .raining and :evelopment helps in improving the health and safety of the organi9ation thus preventing obsolescence. Morale > .raining and :evelopment helps in improving the morale of the work force. !mage > .raining and :evelopment helps in creating a better corporate image. Brofitability > .raining and :evelopment leads to improved profitability and more positive attitudes towards profit orientation. .raining and :evelopment aids in organi9ational development i.e. )rgani9ation gets more effective decision making and problem solving. !t helps in understanding and carrying out organi9ational policies .raining and :evelopment helps in developing leadership skills' motivation' loyalty' better attitudes' and other aspects that successful workers and managers usually display.
Mo'els o( Trainin#
.raining is a sub system of the organi9ation because the departments such as' marketing ; sales' HR' production' finance' etc depends on training for its survival. Trainin# is a transforming process that requires some input and in turn it produces output in the form of knowledge' skills' and attitudes 4E-As5. T&E TRAINING S!STEM A -ystem is a combination of things or parts that must work together to perform a particular function. An organi9ation is a system and training is a sub system of the organi9ation. .he -ystem Approach views training as a sub system of an organi9ation. Syste% A))roa<$ can be used to e=amine broad issues like ob(ectives' functions' and aim. !t establishes a logical relationship between the sequential stages in the process of training need analysis 4.8A5' formulating' delivering' and evaluating. .here are 1 necessary inputs i.e. technology' man' material' time required in every system to produce products or services. And every system must have some output from these inputs in order to survive. .he output can be tangible or intangible depending upon the organi9ation+s requirement. A system approach to training is planned creation of training program. .his approach uses step by step procedures to solve the problems. Gnder systematic approach' training is undertaken on planned basis. )ut of this planned effort' one such basic model of five steps is system model that is e=plained below. Or#ani?ation are working in open environment i.e. there are some internal and e=ternal forces' that poses threats and opportunities' therefore' trainers need to be aware of these forces which may impact on the content' form' and conduct of the training efforts. .he
internal forces are the various demands of the organi9ation for a better learning environmentA need to be up to date with the latest technologies.
he syste% %o'el consists of five phases and should be repeated on a regular basis to make further improvements. .he training should achieve the purpose of helping employee to perform their work to required standards. .he steps involved in -ystem Model of training are as follows@ %. Analy?e an' i'enti(y thetrainin# needs i.e. to analy9e the department' (ob' employees requirement' who needs training' what do they need to learn' estimating training cost' etc .he ne=t step is to develop a performance measure on the basis of which actual performance would be evaluated. #. Desi#n an' )rovi'e trainin# to meet identified needs. .his step requires developing ob(ectives of training' identifying &. Develo) .his phase requires listing the activities in the trainin# )ro#ra% that will assist the participants to learn' selecting delivery method' e=amining the training material' validating information to be imparted to make sure it accomplishes all the goals ; ob(ectives. 1. I%)le%entin# is the hardest part of the system because one wrong step can lead to the failure of whole training program.
/. Eval0atin# each phase so as to make sure it has achieved its aim in terms of subsequent work performance. Making necessary amendments to any of the previous stage in order to remedy or improve failure practices.
*" DE3E+OPMENT = .his phase translates design decisions into training material. !t consists of developing course material for the trainer including handouts' workbooks' visual aids' demonstration props' etc' course material for the trainee including handouts of summary. 5" EDECUTION = .his phase focuses on logistical arrangements' such as arranging speakers' equipments' benches' podium' food facilities' cooling' lighting' parking' and other training accessories. /" E3A+UATION = .he purpose of this phase is to make sure that the training program has achieved its aim in terms of subsequent work performance. .his phase consists of identifying strengths and weaknesses and making necessary amendments to any of the previous stage in order to remedy or improve failure practices. .he ISD m'del is a continuous process that lasts throughout the trainin# )ro#ra%. !t also highlights that feedback is an important phase throughout the entire training program. !n this model' the output of one phase is an input to the ne=t phase.
Transitional Model
Transiti'nal m'delfocuses on the organi9ation as a whole. .he outer loop describes the vision' mission and values of the organi9ation on the basis of whichtrainin# %o'el i.e. inner loop is e=ecuted. 3ision = focuses on the milestones that the organi9ation would like to achieve after the defined point of time.
A vision statement tells that where the organi9ation sees itself few years down the line. A vision may include setting a role mode' or bringing some internal transformation' or may be promising to meet some other deadlines. Mission = e=plain the reason of organi9ational e=istence. !t identifies the position in the community. .he reason of developing a mission statement is to motivate' inspire' and inform the employees regarding the organi9ation. .he mission statement tells about the identity that how the organi9ation would like to be viewed by the customers' employees' and all other stakeholders. 3al0es = is the translation of vision an' %ission into communicable ideals. !t reflects the deeply held values of the organi9ation and is independent of current industry environment. Cor e=ample' values may include social responsibility' e=cellent customer service' etc.
.he mission' vision' and values precede the ob(ective in the inner loop. .his model considers the organi9ation as a whole. .he ob(ective is formulated keeping these three things in mind and then the trainin# %o'el is further implemented.
MET&ODS O, TRAINING
.here are various %et$o's o( trainin#' which can be divided in to <o#nitive an' ;e$avioral %et$o's. .rainers need to understand the pros and cons of each method' also its impact on trainees keeping their background and skills in mind before giving training. Co#nitive %et$o's are more of giving theoretical training to the trainees. .he various methods under <ognitive approach provide the rules for how to do something' written or verbal information' demonstrate relationships among concepts' etc. .hese methods are associated with changes in knowledge and attitude by stimulating learning.
+ECTURES DEMONSTRATIONS DISCUSSIONS COMPUTER BASED TRAINING BCBTC INTE++EGENT TUTORIA+ S!STEMBITSC PROGRAMMED INSTRUCTION BPIC 3IRTUA+ REA+IT!
,ess e=pensive
<an be reached large number of people at once Enowledge building e=ercise ,ess effective because lectures require long periods of trainee inactivity
Helps the focusing their attention on critical aspects of the task .ells the trainees what you will be doing so they understand what you will be showing them
.he difference between the lecture method and the demonstration method is the level of involvement of the trainee. !n the lecture method' the more the trainee is involved' the more learning will occur. .he financial costs that occur in the 'e%onstration %et$o' are as follows@
<ost of training facility for the program <ost of materials that facilitate training Cood' travel' lodging for the trainees and the trainers <ompensation of time spent in training to trainers and trainees
<ost related to creating content' material <ost related to the organi9ation of the training
After completing the demonstration the trainer provide feedback' both positive and or negative' give the trainee the opportunity to do the task and describe what he is doing and why.
improving recall.
According to a recent survey' about 3/0 of the organi9ations are providing training to employees through !ntranet or !nternet. Internet is not the %et$o' o( trainin#' but has become the technique of delivering training. .he growth of ele<troni< te<$nolo#y has created alternative training delivery systems.
<B. does not require face to face interaction with a human trainer. .his method is so varied in its applications that it is difficult to describe in concise terms.
ne=t level of information i.e. if the trainee gives the correct answerA one branch moves the trainee forward to the new information. And if the trainee gives the wrong answer then different branch is activated' taking the trainee back to the review relevant information in more elaborate manner. .his method allows the trainees to go through the content according to the individual speed' and capability. .hose trainees' who respond better' move through the content rapidly. Brogrammed !nstruction also comes in
!n programmed instruction' trainees receive information in substantial amount and then tested on their retention of information. !f the trainees are not able to retain the information' they are referred back to the original information. !f the trainees retain the information' they are referred to the ne=t log of information that is to be learned.
Trainin# Pro<ess
." I'enti(yin# Trainin# Nee's .raining need is a difference between standard performance and actual performance.Hence' it tries to bridge the gap between standard performance and actual performance. .he gap clearly underlines the need for training of employees. Hence' under this phase' the gap is identified in order to assess the training needs.
After the identification of training needs' the must crucial task is to determine the ob(ectives of training. Hence' the primary purpose of training should focus to bridge the gap between standard performance and actual performance. .his can be done through setting training ob(ectives. .hus' basic ob(ective of training is to bring proper match between man and the (ob.
*" Sele<t A))ro)riate Met$o's .raining methods are desired means of attaining training ob(ectives. After the determination of training needs and specification of ob(ectives' an appropriate training method is to be identified and selected to achieve the stated ob(ectives. .here are number of training methods available but their suitability is (udged as per the need of organi9ational training needs.
5" I%)le%ent Pro#ra%s After the selection of an appropriate method' the actual functioning takes place. Gnder this step' the prepared plans and programs are implemented to get the desired output. Gnder it' employees are trained to develop for better performance of organi9ational activities
/" Eval0ate Pro#ra% !t consists of an evaluation of various aspects of training in order to know whether the training program was effective. !n other words' it refers to the training utility in terms of effect of training on employesD performance.
6" ,ee';a<> Cinally' a feedback mechanism is created in order to identify the weak areas in the training program and improve the same in future. Cor this purpose' information relating to class room' food' lodging etc. are obtained from participants. .he obtained information' then' tabulated' evaluated' and analy9ed in order to mark weak areas of training programs and for future improvements.
ROLE PLAYING
)ne of the most effective training methods is role playing. 8ot (ust for sales or customer service training' this technique is an e=cellent way to achieve a number of benefits for employees' management and support people. Role playing is not (ust Ipracticing working with an imaginary customer out loud.I Role playing allows a group of employees to act out work scenarios. !t opens communications' and for the amount of time when it puts a player Don the spot'D it also gives a great deal of confidence and develops camaraderie among those participating in 4doing5 the role play situations. Cor instance' you might train salespeople by having two people act out a DsalesD scenario. )ne acts as the salesperson' the other acts as the customer. .his allows salespeople to practice their sales techniques. A trainer and/or other trainees may watch the role play and critique it afterwards. Role playing can be used in every department by management and employees to practice business situations. Role playing is the systematic building of correct habits while learning the acceptable system and the best way to communicate your ideas to the customer. Role playing should be done in a low stress environment' which makes it easier to learn. .he trainer can critique the role play situation and corrections can be made immediately by more rehearsal. Assimilation of the training material and implementation of a key element of the system can occur quickly in business. Role playing should be performed where the (ob will take place. .his means at the work desk' on the phone' at the checkout counter' delivery or warehouse area. .his setting should provide all necessary notes or equipment the employee may have' and should be performed with the person playing the part of the customer. Role Playin# is an EE<ellent EEer<ise ,or:
Ana)+>in# *ro.)ems Jo. intervie" to see ho" comforta.)+ the+ comm-nicate Im*rove se))in# .+ a**)+in# vario-s se))in# so)-tions 6eve)o*in# team"or ! coo*eration! and creative *ro.)em0so)vin# E?ercise for im*rovin# )istenin# s i))s
JOB ROTATION
Job Rotation is a management approach where employees are shifted between two or more assignments or (obs at regular intervals of time in order to e=pose them to all verticals of an organi9ation. !t is a pre planned approach with an ob(ective to test the employee skills and competencies in order to place him or her at the right place. !n addition to it' it reduces the monotony of the (ob and gives them a wider e=perience and helps them gain more insights. Job rotation is a well planned practice to reduce the boredom of doing same type of (ob everyday and e=plore the hidden potential of an employee. .he process serves the purpose of both the management and the employees. !t helps management in discovering the talent of employees and determining what he or she is best at. )n the other hand' it gives an individual a chance to e=plore his or her own interests and gain e=perience in different fields or operations.
SUGGESTION
+IMITATIONS
CONC+USION
BIB+IOGRAP&!
BOO+S(
*avid +. *ecen,o-#tephen .. /obins 0%11'2 .ersonal and 3uman /esource Management +. Monappa 0%11'2, .ersonal Management +llan .epper 0$4442 + 3andbook on !raining and *evelopment
' BSIT S(
www. www.wikipedia.org www.naukrihub-training and development.com