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    CUSTOMER SATISFACTION OF MANPOWER ( DELHI ) A Summer Training Project Report

    Submitted in partial fulfillment of the requirements for the Award of degree of

    Master of Business Administration

    2011-2013

    Submitted by- Guided By-

    PreetiMadan Mrs Anjali Sharma

    BharatiVidyapeeth University Institute of Management & Research, New

    Delhi

    An ISO 9001 : 2008 & 14001:2004 Certified Institute

    A-4, Paschim Vihar,New-Delhi,Ph:011-25286442 Fax 011- 25286442

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    Certificate of Originality

    This is to certify that the project report entitled CUSTOMER SATISFACTION

    OF MANPOWER ( DELHI ) Submitted to BharatiVidyapeeth University, Pune in partial fulfillment of the requirement for the award of the degree of MBA is an

    original work carried out by Mis.PreetiMadan under the guidance of Mrs Anjali

    Sharma . The matter embodied in this project is a genuine work done by

    PreetiMadan to the best of my knowledge and belief and has been submitted

    neither to this University nor to any other University for the fulfillment of the

    requirement of the course of study.

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    Certificate

    This is to certify that the project entitled CUSTOMER SATISFACTION OFMANPOWER (DELHI) is an academic work done by PreetiMadan submitted in the partial fulfillment of the requirement for the award of the Degreeof Course from BharatiVidyapeeth University,Pune. It has been completed underthe guidance of Mrs Anjali Sharma (Faculty Guide) and Mr.Sorabh Bali(Corporate Mentor). We are thankful to Manpower for having allowed our studentto undergo project work training. The authenticity of the project work will beexamined by the viva examiner which includes data verification, checkingduplicity of information etc.and it may be rejected due to non fulfillment of qualitystandards set by the Institue

    Dr.NitinNayak

    Director

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    ACKNOWLEDGEMENT

    I want to express my deep sense of gratitude to my project supervisor Mr. Sorabh Bali solutionconsultant of Manpower Service Pvt Ltd. for his valuable guidance, prolific discussions,

    constant supervision and timely suggestions at every stage of the project work.

    I am also grateful to all employees at Manpower Service Pvt Ltd for their help and cooperation

    during this project work.

    I also thank my friends who directly or indirectly helped me during my project work and

    everyone who cooperated in filling the questionnaire.

    PreetiMadan

    BharatiVidyapeeth University

    Institute of Management and Research

    New Delhi

    Place: Manpower Service Pvt Ltd., Gurgaon

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    PREFACE

    Manpower, one of the world leaders in innovative workforce solutions, creates and delivers high-

    impact solutions that enable clients to achieve their business goals and enhance their

    competitiveness. With over 60 years of experience, the $19 billion company creates unique time

    to value through a comprehensive suite of innovative solutions that help clients win in the

    Human Age. These solutions cover an entire range of talent-driven needs from recruitment and

    assessment, training and development, and career management, to outsourcing and workforce

    consulting.

    My project is about the performance of Manpowers Campus workforce readiness program.

    Through this program, Manpower will help our countrys young talent adapt to the corporate

    environment and improve employability skills. This will help in building a vast skill ready

    talent pool both for the country and corporate India.

    Ive started with the discussion of the company profile and t he industry profile, and where the

    company currently stands globally. I then moved on to discuss the literature and the how Ive

    proceeded to my analysis.

    Ive then presented the questionnaire and how the students have responded to the same. Ive

    them concluded by the findings and some suggestions for the program.

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    TABLE OF CONTENT

    Chapter 1- INTRODUCTION

    1.1 Industry overview

    1.2 Profile of the company

    1.3 History of the company

    1.4 Competition Information

    1.5 SWOT ANALYSIS

    1.6 Challenges of the industry

    Chapter 2- Research Methodology

    2.1 Statement of the Problem

    2.2 Objective & Scope of Study

    2.3 Managerial Usefulness of Study

    2.4 Type of Research & Research Design

    2.5 Data Collection Method

    2.6 Limitation of the study

    Chapter 3 Conceptual Discussion

    3.1 Current Issues (Challenges of the industry)

    3.2 New Development of Company & Industry

    Chapter 4 Data Analysis

    Chapter 5 Findings, Conclusion & Suggestions

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    Appendix

    Bibliography

    ANNEXURE

    Questionnaire

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    CHAPTER 1

    INTRODUCTION

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    I NDUSTRY PROFILE

    India has been globally recognized for its fast paced development. The service sector has been

    growing at a fast pace and now contributes more than 50% to the GDP. Indias recruitmentindustry has grown with the rising prominence of industries such as IT, telecom, retail, pharma,

    ITES and hospitality. These industries have shown significant growth on the back of strong

    demand from the rising Indian consumer class and the dominance of Indian companies in the

    outsourcing space.

    Propelled by the increasing demand for consultancy services, both for domestic and foreign

    firms, the consulting sector in India has been estimated to grow at an annual rate of 30 per cent,

    progressing rapidly towards becoming a Rs17,000-crore industry by 2010..

    Presently (2008), the consulting industry in India reportedly stands at Rs13,000crore.

    Among the largest concentrations of consultancy organizations is in the four metropolitan cities

    with Delhi (25.7%) having the highest number of consultancy organizations, followed by,

    Mumbai (25.5%), Chennai (12.1%) and Calcutta (9.1%).

    The recruitment industry has evolved on the back of the increase in the demand for workforce on

    the talent acquisition and the client fronts. On the talent acquisition front, the change has beensignificant, from a mere match-making function and career counseling to competency-based

    assessment hiring. On the client side, it has moved from a requirement- based fulfillment system

    to turnkey project-based hiring to hiring for value added services (VAS).

    The market for mid-level recruitment is dominated by large Indian players such as ABC

    Consultants, Manpower. Large MNCs such as Michael Page, Hunt Partners, Kelly and Korn

    Ferry have also entered this space. The segment also faces competition from small recruitment

    companies that cumulatively have a significant share in the pie.

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    Fortune U.S. and Global Rank

    Manpower is currently ranked 143 on the Fortune 500 list of America's largest companies. The

    company is ranked 432 in Fortune's 2009 Global 500 list.

    Fortune's Most Admired Companies

    In 2009, Manpower was named as one of Fortune's Most Admired companies in the staffing

    industry for the seventh year in a row b y a group of 10,000 executives, directors and

    securities analysts.

    Forbes Global 2000 Rank

    Manpower is ranked 1306th on the 2009

    Forbes Global 2000 ranking of the largest public companies in the world. Manpower

    was named a Global High Performer on this

    list in 2007, defined as fast-growing, nimble

    and well-managed companies that help set

    the benchmarks for their respective

    industries. It was named to Forbes2007

    plat inum list of Americas 400 Best

    Managed Companies for the 5th time.

    Number of Clients:-

    400,000 worldwide.

    Number of Offices :-

    4,000 worldwide in 82 countries and territories.

    Number of Staff Employees :-30,000 worldwide in 2010.

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    Number of Associates:-

    3 million placed in permanent, temporary and contract positions in 2009.

    Number of Associates on Assignment on Any Given Day :-

    More than 400,000 globally.

    Number of People Trained:-

    9 million people have received training and development services through Manpower,

    Manpower Professional, Elan and Right Management.

    Stock Market Listing :-

    Manpower is listed on the New York Stock Exchange under the ticker symbol: MAN

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    HISTORY

    Manpower Inc. (NYSE: MAN) is a world leader in the employment services industry, offeringcustomers a continuum of services to meet their needs throughout the employment and businesscycle. The company specializes in permanent, temporary, and contract recruitment; employeeassessment; training; career transition; organizational consulting; and professional financialservices. The focus of Manpower's work is on raising productivity through improved quality,efficiency, and cost-reduction, enabling customers to concentrate on their core businessactivities. In addition to the Manpower brand, the company operates under the brand names ofRight Management Consultants, Jefferson Wells, Elan, and Brook Street.

    1948: Manpower is founded in Milwaukee, Wisconsin.

    1954: The first Manpower franchise office is opened.

    1956: Manpower's first international office is established in Canada.

    1962: The company goes public on the New York Stock Exchange.

    1964: Youthpower is launched for the young people seeking jobs

    1976: Manpower is bought by Parker Pen Company.

    1985: Manpower bypasses 1,000 offices worldwide.

    1987: The company is sold to Blue Arrow Plc.

    1998: Manpower sponsors soccer's World Cup in France.

    2000: Elan Group, Ltd. is acquired by Manpower.

    2001: Jefferson Wells International, Inc. is acquired.

    2004: Right Management Consultants, Inc. is acquired .

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    Vision

    Manpower Vision is to lead in the creation and delivery of innovative workforce solutions and

    services that enable our clients to win in the changing world of work.

    Board of Directors

    Jeffrey A. Joerres - Chairman, CEO & President

    J. Thomas Bouchard - IBM

    Stephanie A. Burns - Dow Corning

    Willie D. Davis - All Pro Broadcasting

    Jack M. Greenberg - McDonalds Terry A. Hueneke

    Rozanne L. Ridgway - Baltic American Enterprise Fund and Boeing

    Dennis Stevenson - Pearson PLC

    John R. Walter - AT&T and Ashlin Management

    Edward J. Zore - Northwestern Mutual

    BRANDS

    The Manpower brand has been at the forefront of the employment services industry for

    decades. In the past, our reputation was built on the timely provision of skilled workers who

    were meticulously matched to customer requirements. Today, we do that and much, much

    more. Due to our unparalleled expertise, quality and service offering, we can help clients

    solve problems or take advantage of new opportunities in the world of work. Questions? The

    Manpower group of companies can help find the answers.

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    Manpower Professional

    Manpower Professional, a division of Manpower Inc., offers comprehensive, expert

    recruitment services backed by award winning training, assessment and selection and

    outsourcing. Our extensive resources, world-class client list, and reputation attract a diverse

    group of talented candidates, with every level of education, skills and experience ranging

    from permanent direct hire to one-day contracts. Manpower Professional helps find and

    retain top people in IT, e-commerce, accounting, finance, engineering, clinical and lab

    sciences, and other business professions.

    MANPOWER CORPORATE CLIENTS-

    Manpower have more than

    4,00,000 corporate clients. The

    greatest strength of manpower is

    the connection with corporate

    world. Manpower is assisting

    various companies in theirmanpower hiring.

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    Manpower in India (Corporate social responsibility)

    Manpowers CSR initiative in India is helping rebuild the lives of those affected by the Tsunami

    in December2004, in Tamil Nadu.

    Manpower Inc. allocated a sum of US$ 1million towards the setting upand running of two

    vocational training centers in the State of Tamil Nadu inTarangambadi and Nagapattinam.

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    Manpower Service Lines

    Manpower Staffing

    Covers mass skills, across sectors

    Permanent recruitment

    Staffing, all sectors and functions

    o Pay rolling

    o Onsite HR Management

    o Employee Assessment

    o Training Serviceso Career Development

    Delivery capability aligned to help clients ramp up quickly, nationally

    High volume sourcing model

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    Manpower Professional

    Covers specialized skills

    Industry specialization in segments like:

    o Information Technology

    o Telecom

    o IT Enabled Services

    o Financial Services

    o Manufacturing & Infrastructure

    o Healthcare

    o Consumer

    o Energy Delivery capability aligned to help clients hire specialists

    Sourcing model - headhunting and networking

    Turnkey and Greenfield projects

    Prime focus areas:-

    Revenue Generating more revenue requires us to develop strategic insights about our

    clients needs and goals, elevating and broadening our mut ually-beneficial

    relationships and measuring our contribution to our clients businesses.

    Efficiency Improving our efficiency means achieving speed, quality and effective use of

    resources throughout all our operations.

    Innovation Demonstrating our commitment to innovation requires us to continuously

    capture creativity in local markets and replicate this around the world. Our

    role is to develop and expand our capabilities, while creating services targeted

    to whats new and whats ne xt in the world of work.

    Thought

    Leadership

    Maintaining our thought leadership means continuously anticipating future

    dynamics of the market and contributing to the design of social and

    employment systems on a global basis.

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    Institutionalalliance

    Corporatealliance

    Organization

    and Culture

    Evolving our organization and culture requires attracting and retaining high

    quality people for the long term.

    It also requires creating an environment that promotes entrepreneurship,

    rewards high performance and motivates us to reach our full potential.

    MANPOWER HAVE TWO WINGS

    Manpower has corporate as well as institutional clients. I have worked under institutionalalliance and campus workforce readiness program is the part of institutional alliance.

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    How do we do it?

    We establish successful alliance between Manpower, Educational Institutes, Government and

    Market Leader Companies to develop the skills and competencies required so that we can recruit,

    select and hire students and Graduates from Universities and Educational Institutions with whom

    we have partner with .

    The way it works actually!

    Methodology

    Workshops to include role plays and case studies.

    Videos of live interviews of fresher and experienced candidates

    Placement assistance Pre and post training evolutions that measure what you know and what you have learned..

    Online Training courses (4500+)- www.manpowertdc.com. Free of cost

    24x 7 career Help desk for student

    MODULES

    Manpower

    Educationalinstitutions

    GovernmentCompanies

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    Module 1: Career Harmony (Talent Assessment Tool)

    Module 2: Classroom Training program (Enhancing Employability Skills)

    Module 3: Online Certification Courses

    Module 4: Free Placement Assistance

    Assessment Tools

    Brain Mapping

    Mock Interviews with Manpower corporate clients

    Competency Test to job positions

    Pre and Post evaluations that measures what candidate has learned.

    Manpower Advantage to Institutes

    1. Brand Visibility

    2. Cost Reduction

    3. Industrial and Corporate experience to the students

    4. MNC networking

    5. Better Placement opportunities for students

    6. Curriculum embedded course in collaboration with companies

    7. Higher conversion rate

    8. Strategic Feedback

    COMPETITORS OF MANPOWER

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    Manpower has many competitors especially in institutional alliance area .But the main

    competitors are as follows-

    ADECCO

    Adecco India, headquartered in Bangalore, is a leading end-to-end HR solutions company with a

    focus on Executive Search, Recruitment, Learning and Temporary Staffing services to client

    organizations. With a national presence in over 85 branches across India.

    The industries we provide HR Solutions to:

    Information Technology

    IT Enabled Services

    Agriculture and Agri -based Organizations

    Telecom, Media & Entertainment

    Engineering, Process & Infrastructure

    Consumer Services & Retail

    Banking, Financial Services & Insurance

    KELLY SERVICE INC

    Kelly founded the temporary staffing industry in 1946, and has maintained a leadership positionthrough the years based on a valuable premise: we invest in people. Today that focus benefits our

    customers wherever they operate around the globe - in a growing number of specialized fields.

    And well continue to meet the evolving challenges of workforce flexibility with staffing

    solutions tailored to your precise business needs, both locally and worldwide. Serving clients

    around the globe, Kelly provides employment to more than 550,000 employees annually.

    Revenue in 2011 was $5.6 billion.

    MONSTER WORLDWIDE INC

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    Monster Worldwide, Inc. (NYSE: MWW) is the parent company of Monster.com, the premier

    global online employment solution for people seeking jobs and the employers who need great

    people. We've been doing this for over ten years, and have expanded from our roots as a "job

    board" to a global provider of a full array of job seeking, career management, recruitment and

    talent management products and services. At the heart of our success and our future is

    innovation: we are changing the way people think about work, and we're helping them actively

    improve their lives and their workforce performance with new technology, tools and practices.

    PURPLE LEAF

    We are here to solve all of your business, management, and project problems. Unlike other

    consulting firms, we do not focus on only one aspect of your business or process; this can solve

    some problems while ignoring others creating an unbalanced environment. We review theorganization or process from all sides and create solutions that both fit your business model and

    budget. This approach allows us to identify many problems that are often overlooked by our

    competitors. If you need a full time resources or someone part time to keep things on track,

    Purple Leaf has a solution that will fit your needs.

    ABCs Consultants

    ABC's roots in management consulting enable us to bring a unique approach to recruitment. Our

    focus has always been on middle and senior management talent needs. We recruit across various

    industry segments for multinational corporations as well as leading Indian business houses and in

    the past 42 years, we have helped shape the careers of over 115,000 professionals.

    Our organization network includes offices spread across 8 major Indian cities and an

    international presence in Dubai. We have over 350 consultants who bring with them over 2100

    man years of experience with leading Indian and international companies. We operate through

    domain-specialist teams spread across the country, providing customized recruitment solutionsacross 16 industry verticals.

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    SWOT

    15

    SWOT Analysis : India

    Fortune 500 co mpany

    Employees

    Spread in 82 countries

    Flexibilty

    Experience Trainers

    Brand Name and Customer Satisfaction

    Awareness among the people specially in INDIA

    Scope in INDIA ( Untapped Markets) Tough Competition from Adecco, Purple leaves,

    kelly etc

    Strengths Weaknesses

    Opportunities Threats

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    Challenges in the Industry

    As per business-week, in the context of Indian companies, the topmost challenges which are

    faced by the HR can be enumerated as:

    1. Recruitment: In todays economy, talent acquisition is the foremost business challenge that

    the HR function faces. The lack of investment in education has led to an acute shortage of

    talented professionals, who can take the onus for change in a developing economy like India. HR

    needs to have close tie-ups with professional institutes and colleges to bridge the gap between

    education and industrial requirements.

    2. Training: The recruits level of competencies and their job expectations can only be fully

    understood once they have entered the initial training program (orientation). This program

    should be followed with interpersonal and intercultural training at a later stage. Once people

    move up the ladder there is little time for training. There is a lack of leadership training on the

    operational level which is reflected on the work floor and consequently on the job satisfaction of

    the employee.

    3. Managing and Leading Change: Business environment in India is volatile. There is boom in

    terms of opportunities brought forward by globalization. However, this is also leading to many

    interventions in terms of restructuring, turn-around, mergers, downsizing, etc. Research has

    clearly shown that the success of these interventions is heavily dependent on managing the

    people-issues in the process. The rapid pace of change, coupled with information overload,

    makes thinking about the future a daunting task. How an average HR professional gets

    information on the forces of change (demographic, social, political, legal, economic,

    technological trends) and then finds the time to analyze the possible impacts that they will have

    on the organization, is an area that requires lot of deliberation.

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    4. Managing Technological Challenges: In every arena organizations are getting more and

    more technologically oriented. Preparing the work force to accept technological changes is a

    major challenge.

    5. Developing Leadership: It is quite interesting to note that there is less importance given to

    developing leadership at the organizational level. Though leadership is discussed on the basis of

    traits and certain qualities, at an organizational level it is more based on knowledge. The

    challenge is to develop individuals who have performance potential on basis of past record and

    knowledge based expertise by imparting them with the necessary "soft skills".

    6. Attrition: This remains an enormous challenge. The effects of attrition are loss of

    productivity, temporary replacement, loss of knowledge and new recruitment and training. To

    deal with this, the HRM should ensure that the job profile looked for not only matches the skills

    and competencies but also the job expectations of the candidate. An open discussion with the

    candidate during recruitment can give an insight into the expected period of his stay with the

    company. Competitive salaries, perks, bonuses, incentives, on-the-job training and a good

    working environment may be used to increase the satisfaction levels of employees.

    7. Ability to Forecast: The industry expects a qualified HR professional to bring on board the

    knowledge by virtue of which they can make visible the unseen. For instance, in a renownedFMCG company, it is imperative for HR professionals to come with an experience of a stint

    outside the realm of HR (say the sales or plant), which is crucial for better understanding of the

    business. This helps them earn the credibility of line managers and also facilitates creation of a

    synergy within the organization.

    8. Promotion of Self Learning Culture: All employees, including HR should be encouraged to

    offer ideas and challenge the current approaches to doing business. This allows optimum

    engagement of employees resulting in a greater opportunity for growth and a deeper connectionto the organization. A big component of developing a learning culture is allowing employees the

    freedom to make mistakes, to take chances, and try new roles. HR can support this culture with

    formal collaboration and idea programs, as well as implementing incentives that encourage this

    behavior.

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    9. Getting beyond the Multi Generational Hurdle: As people dont fit neatly into a

    stereotypical generational cohort, a successful HR function will have to try to develop

    procedures and practices to accommodate four or five different generations. The key to retaining

    and engaging the best and the brightest today is to treat each individual as an individual and

    build trusting relationships between supervisors and employees.

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    Statement of the Problem

    To analyze the perception and satisfaction level of students, of Manpower training services.

    Objectives & Scope of Study

    To study the perception of students regarding Manpower training services.

    To find out the level of satisfaction of students.

    To study the effectiveness of training program.

    Scope of the research is limited to the chosen territory given by the company i.e. Delhi.

    Managerial usefulness of study

    This study can assist the management in decision making process.

    This study gives information about the competitors in the industry to the management.

    This study gives SWOT analysis of the organization to the management.

    This study can help management to get feedback of students which help them in improving their

    training sessions accordingly.

    Type of Research & Research Design

    For the purpose of this study, we have to consider a combination of following mentioned

    types of research:

    Descriptive Research : describes data and characteristics about the population or

    phenomenon being studied. Although the data description is factual, accurate and systematic,

    the research cannot describe what caused a situation.

    Exploratory Research: Investigation into a problem or situation

    which provides insights to the researcher. The research is meant to provide details where

    a small amount of information exists

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    Sample Design

    Deliberate sampling is also known as purposive or non-probability sampling .

    This sampling method involves purposive or deliberate selection of particular units

    of the universe for constituting a sample which represents the universe. When

    population elements are selected for inclusion in the sample based on the ease of

    access, it can be called convenience sampling .

    The sample list which was provided by manpower for engineering and

    management colleges in Delhi:-

    70% COLLEGES IN THE GIVEN LIST WERE MANGEMENT

    COLLEGE AND THE REST WAS ENGINEERING.

    SAMPLE SIZE

    I have targeted 50 students from different colleges. Thetarget population influencesthe sample size. The target population represents the Delhi region.

    Management

    Engineering

    Medical

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    Limitation of the Study

    Sample is not representative of the whole population.

    Convenience sampling can lead to the under-representation or over

    representation .

    Personal biasness

    Generalization and inference making about the entire population. Since the

    sample is not representative of the population, the results of the study cannot

    speak for the entire population.

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    Chapter 3Conceptual Discussion

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    LITERATURE REVIEW:

    Students are dynamic and can be considered as consumers and product both looking from differentangles. Their satisfaction is necessary when looked from marketing eyes in the era of competition. This

    study focuses on student satisfaction (Badiyani, 2009).

    To survive in highly competitive markets, organizations need to provide goods and services that yield highly satisfied and loyal

    customers. When customers are satisfied,they are more likely to return to those who helped them, while dissatisfiedcustomers are more likely to go elsewhere. The retention of very loyal customers is a key to organizational survival (Jones and

    Sasser, 1995)

    Relationship between service quality and customer satisfaction has been extensivelystudied by researchers (Sureshchandar,

    Rajendran&Anantharaman, 2002; Jones & Suh,2000; McDougall & Levesque, 2000). Ghobadian, Speller and Jones (1997)concluded that companies with higher perceived quality goods and services will enjoy higher longterm economic benefits.The correlation between the quality of goods and services andcustomer satisfaction, has led organizations to continuously

    upgrade their quality and measure their clients satisfaction.

    Research has shown outsourcing is one such practice that seems to be successful, if implemented

    properly, in reducing costs and increasing revenue while maintaining the delivery of quality service. Ifthe educational institutes outsource the training services this help them to concentrate on their core

    work and students will get the opportunities to get the training from experts.

    (Barnard 2002).

    Even customers own involvement and participation in the service delivery affect customer satisfaction.Dueto the differences in production and provision of products and services, customers

    ev alua te qu al it y an dattributes of material goods and services in different ways. This realizationhas initiated a discussion on theneed for special tools for evaluating more diverse and less tangibleservices. Responding to the growingdemands for developing specific and reliable ways to measurecustomer satisfaction in service industries, anumber of studies have been conducted that suggested

    methodological frameworks for measuring customer satisfaction.

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    TRAINING SCENARIO IN INDIAN INDUSTRY

    With the world-wide expansion of companies and changing technologies, Indian Organizationshave realized the importance of corporate training . Training is considered as more ofretention tool than a cost.Today, hu man resour ce is now a source of competitive advantage for all organizations.Therefore, the training system in Indian Industry has been changed to create a smarterworkforce and yield the best results. With increase in competition, every company wants tooptimize the utilization of its resources to yield the maximum possible results. Training isrequired in every field be it Sales, Marketing, Human Resource, Relationship building,Logistics, Production, Engineering, etc. It is now a business effective tool and is linked with the

    business outcome.

    Benefits Of Outsourcing

    The prospective benefits of outsourcing training are well recognized. Organizations go foroutsourcing to save training costs, gain access to practical and technical proficiency, concentrate oncore competencies and offer an overall enhanced training to their employees.The key to increase in customer turnover is customer satisfaction . With rapid globalization, increasein competition, technological innovation, increase in access to information, and improve in customerservices , the customer loyalty programs have become an integral part of the organizations. Retainingexisting customers is now much more important than acquiring new customers.

    Qualities Looked For In Training Consultancies

    When an organization decides to outsource training programs, they confront with a problem ofselecting suitable con sultancy from a number of outsourcing providers.

    According to three-fourth of the respondents, proficiency is the most important characteristic theylook for while selecting training outsource provider. After that two-third of the respondentsrated, "worth of a training consultancy" as an important factor. The principal reason to pursuetraining outsourcing is to reduce cost; therefore, " worth i.e. price involved" would be a key criterion.

    http://traininganddevelopment.naukrihub.com/training-and-learning-solutions.htmlhttp://traininganddevelopment.naukrihub.com/training-and-learning-solutions.htmlhttp://traininganddevelopment.naukrihub.com/training-and-learning-solutions.htmlhttp://traininganddevelopment.naukrihub.com/organization.htmlhttp://traininganddevelopment.naukrihub.com/organization.htmlhttp://traininganddevelopment.naukrihub.com/organization.htmlhttp://traininganddevelopment.naukrihub.com/organization.htmlhttp://traininganddevelopment.naukrihub.com/training-and-learning-solutions.html
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    Importance of Training Consultancies

    It helps in enhancing companys image.

    It helps in applying knowledge, developing core competencies, and reducing work load. It helps in improving the work relation. It leads to greater chances of success.

    HR consulting This segment has emerged from management consulting and is a cross-functional category that includes

    consulting firms from the big four, to the specialized HR consulting MNCs, to SME local players and even

    single-handled freelancers.

    As organizational needs become more specialized and focused on the gap between business needs and

    workforce capabilities, HR management consulting will see increasing opportunities, attracting evennewly created firms to fill this gap.

    The accepted core areas around which most HR consultancy services operate include human capital

    management; rewards and remuneration; health and benefits, including retiral strategy and

    administration; the people angle of transformation, mergers and acquisitions; feedback and

    communication, including designing and implementing surveys on employees attitudes, satisfaction and

    engagement; and data services.. This latter offering has been growing within this segment driven by the

    challenge for predictability of revenue forecasts among consulting companies, so these companies have

    been building on annuity businesses which results in data services - salary surveys, benchmarking and

    job descriptions. This offering today accounts for more than 50% revenue of large HR consulting firms,

    says Debabrat Mishra, Consultant.

    Integrated talent solutions in the consulting space are limited and developing. Traditionally most Indian

    companies did not feel the need for strategic HR inputs and kept it in-house. However, changes are

    happening at the client organizations end - M&A, globalization, changes in business model,

    unprecedented growth rate - are making more organizations engage in consulting assignments.

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    HR outsourcingOutsourcing is not really a category in itself as it emerges from the previous four categories defined

    earlier. Its growth and complexity needs separate analysis and hence requires a separate mention. Within

    outsourcing, one finds process-driven, function-specific and people-driven outsourcing offered by service

    providers.

    Process-driven outsourcing includes complete corporate function outsourcing and is not restricted to HR

    alone. These service providers will normally cluster with the HR technology segment because they

    leverage on technology for providing services.

    Function-driven outsourcing includes recruitment process outsourcing (RPO), HR administration and

    compensation & benefits outsourcing, where clients can leverage on the expertise, scale and technology

    of expert services providers for execution of these tasks.

    Finally, people-driven outsourcing includes companies that offer to replace the complete HR team within

    the organization and function as the internal HR team in the eyes of the employees. These providersmostly cater to the SME sector and their solutions are closer to providing consulting support.

    Trends in the Industry that lie ahead The dynamic nature of the HR industry makes it an industry to look out for. The challenges faced by client

    organizations and service providers will result in creative steps taken at both ends: The industry of HR will

    witness the following as we go along: :

    Phenomenal growth opportunity will see an explosion of players. This industry will see a growth of 3 to

    4% of the countrys GDP growth rate, says E. Balaji, MD & CEO, Ma FoiRandstad. As a consequence,

    the market will see growth for current players and increasing entry of new players. The traditionally non-HR providers (such as communications and branding firms entering the employer branding or employee

    communication space) and investment are expected to flow in.

    The top -end of the segment (executive search, HR consulting, leadership development) and the low-end

    of the segment (HR outsourcing, RPO and process driven services) will grow at a lowering rate.

    Companies will spend either on farming out the low-value work to partners (like increased outsourcing of

    transactional or operational work), or focus on increasing investment in high performers (using leadership

    consulting or executive coaching services). Hence all service providers will have to either capture the

    high-end or the low-end (or both) to continue growing.

    Consolidation is happening, mostly dominated by MNCs. The industry has grown over time throughconsolidations. Better technology, marketing muscle and benefits in terms of offering and outreach from

    being part of the larger player will continue to drive this trend.

    Increased focus on HR shared services and HR outsourcing. As HR moves towards a strategic role, its

    focus will shift from transactional to business partnership. There will be an increased focus in HR shared

    services and HR outsourcing as more and more organizations will look at centralizing the HR activities.

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    HR Shared Service Centre combined with single process out sourcing (in big conglomerate) e.g. payroll,

    compliances, benefits administration, or strategic HR with major processes being outsourced, are

    maturing as two alternatives, shares Deepa Mohamed.

    New career avenues for professionals. The HR industry is f ast getting recognized as an industry in its

    full right and will attract talent from other industries. Candidates from other industries within functions like

    sales, marketing and finance are eyeing this industry as an opportunity for faster growth.

    It has been established that internal HR functions need the assistance of the service providers to be

    successful in their growth journey and remain relevant to their businesses. The novel and emerging

    needs of HR professionals is the raison detre of the HR indus try. The industry is still at a maturing stage

    in India, and many service offerings are very new and will require more time to mature. Both client

    organizations and service providers will see a lot of churn in the coming years, sometimes competing for

    talent, sometimes arguing over fees charged, and sometimes even over their engagement objectives and

    working models. However, it is like a marriage. Both sides need each other to grow and be successful.

    Increasing conversations between both sides will help the m to know each others needs and thereforegrow the industry as a whole. Perhaps the solution lies with the creation of a HR industry body that will

    focus on training, certification and quality benchmarks, of this large and fast growing industry

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    Chapter 4

    Data Analysis

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    Methods and Techniques of Data Analysis

    As we know that Data Analysis is a very important aspect for studying a scenario as it will help us to

    properly display the major pros. and cons. of the object that we are working upon. Over here I would like

    to display you the results of the feedback form of the session that was conducted to know the areas where

    we need to pay emphasis upon. The training included the various aspects that the students, colleges and

    corporate would like to look forward to.

    The analysis is being divided into 3 parts:

    1) Students

    2) Colleges

    3) Corporate

    Well be targeting Students primarily.

    The feedback of the students was related to the session that they sat through and were told about the

    various attributes that the students need to have to with stand the corporate and will help them survive

    over there. The current students will go ahead to become leaders for tomorrow but they do not have all thecharacteristics embedded in them from the starting and they need to be thoroughly polished before they

    face the real world scenario. For the same along with the studies which will help them with the theoretical

    standards, they need to imbibe more attributes which will be helpful in the terms their stability in the real

    world. We presented the following questionnaire to 50 students from different colleges and recorded their

    feedbacks.

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    Questionnaire

    1. Have you ever undergone the training session?

    a. Yes b. No

    INTERPRETATION -

    58%

    42%

    Attended Not attended

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    2. Do you think the data given to you in form of notes and practical examples are good and will

    help you in the future in corporate? (Rate on the scale of 5 with 1 being the least)

    1 2 3 4 5

    SUMMARY OUTPUT

    Regression Statistics

    Multiple R 0.797395

    R Square 0.635839

    Adjusted R

    Square 0.628253

    Standard

    Error

    0.9

    2582

    Observation

    s 50

    ANOVA

    df SS MS F Significan

    7%

    13%

    20%

    27%

    33%

    1 2 3 4 5

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    ce F

    Regression 1 71.83714

    71.8371

    4 83.81 4.2E-12

    Residual 48 41.14286

    0.85714

    3

    Total 49 112.98

    Coefficien

    ts

    Standard

    Error t Stat

    P-

    value

    Lower

    95%

    Upper

    95%

    Lower

    95.0%

    Upper

    95.0%

    Intercept 1.571429 0.202031

    7.77817

    5

    4.77E

    -10 1.165219

    1.97763

    8

    1.16521

    9

    1.97763

    8

    X Variable 1 2.428571 0.265279 9.15478

    4.2E-

    12 1.895192

    2.96195

    1

    1.89519

    2

    2.96195

    1

    INTERPRETATION -Regressing the variables in the question 2 on question 1, we find that the

    t-value of the dependent variable is significant. Also the coefficient is positive. Hence it has been

    shown that on attending the session, people observe an enhancement for their future help, which

    is significant as shown by the t-test.

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    3. Was the faculty able to solve your queries throughout the session? (Rate on the scale of 5 with 1

    being the least)

    1 2 3 4 5

    INTERPRETATION - Majority of the students were satisfied with the faculty as they were

    answerable to their queries.

    4. What do you think, is the improvement status in your skills and attitude and future prospects.?

    (Rate on the scale of 5 with 1 being the least)

    1 2 3 4 5

    7%

    13%

    20%

    27%

    33%

    1 2 3 4 5

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    SUMMARY OUTPUT

    Regression Statistics

    Multiple R 0.925503

    R Square 0.856555

    Adjusted R

    Square 0.853567

    Standard

    Error 0.615382

    Observation

    s 50

    ANOVA

    Df SS MS F

    Significan

    ce F

    Regression 1 108.5427

    108.542

    7

    286.623

    2 7.11E-22

    Residual 48 18.17734

    0.37869

    5

    Total 49 126.72

    7%

    13%

    20%

    27%

    33%

    1 2 3 4 5

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    Coefficien

    ts

    Standard

    Error t Stat P-value

    Lower

    95%

    Upper

    95%

    Lower

    95.0%

    Upper

    95.0%

    Intercept 1.428571 0.134287

    10.6381

    7

    3.21E-

    14 1.158569

    1.69857

    4

    1.15856

    9

    1.69857

    4

    X Variable

    1 2.985222 0.176328

    16.9299

    5

    7.11E-

    22 2.630691

    3.33975

    3

    2.63069

    1

    3.33975

    3

    INTERPRETATION -On regressing the variables in the question 4 on question 1, we find that

    the t-value of the dependent variable is significant. Also the coefficient is positive. Hence it has

    been shown that on attending the session, people see an increase in the skills and attitude for

    future prospects, which is significant as shown by the t-test .

    Now regressing question 4 on question 3, 2 and 1.

    SUMMARY OUTPUT

    Regression Statistics

    Multiple R 0.92609

    R Square 0.857642

    Adjusted R Square 0.848358Standard Error 0.626232

    Observations 50

    ANOVA

    df SS MS F

    Significance

    F

    Regression 3 108.6804 36.22679 92.37618 1.72E-19

    Residual 46 18.03963 0.392166

    Total 49 126.72

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    Regression Statistics

    Multiple R 0.86786

    R Square 0.753182

    Adjusted R

    Square 0.74804

    Standard

    Error 0.769919

    Observation

    s 50

    ANOVA

    df SS MS F

    Significan

    ce F

    Regression 1 86.8268 86.8268

    146.475

    1 3.43E-16

    Residual 48 28.4532

    0.59277

    5

    Total 49 115.28

    Coefficien

    ts

    Standard

    Error t Stat P-value

    Lower

    95%

    Upper

    95%

    Lower

    95.0%

    Upper

    95.0%

    Intercept 1.571429 0.16801

    9.35318

    1

    2.16E-

    12 1.233622

    1.90923

    5

    1.23362

    2

    1.90923

    5

    X Variable

    1 2.669951 0.220608

    12.1026

    9

    3.43E-

    16 2.226389

    3.11351

    3

    2.22638

    9

    3.11351

    3

    INTERPRETATION -On regressing the variables in the question 5 on question 1, we find that

    the t-value of the dependent variable is significant. Also the coefficient is positive. Hence it has

    been shown that on attending the session, people find that the session bridges the gap between

    industry and academics, which is significant as shown by the t-test.

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    6. How would you like to rate the trainer? (Rate on the scale of 5 with 1 being the least)

    1 2 3 4 5

    7. Was the duration of the session convenient for you?

    1. Yes b) No

    7%

    13%

    20%

    27%

    33%

    1 2 3 4 5

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    8. Was the session different from what you have attended by the college faculty?

    a) Yes, definitely b) No c) Cant say

    10%

    90%

    No yes

    54%

    16%

    30%

    Yes No Cant say

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    Overall Performance of Manpower

    18%

    26%56%

    Average Good Excellent

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    Chapter 5

    Findings ,Conclusion &

    Suggestions

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    CONCLUSION &FINDINGS

    From the whole study we came to know about the following various aspect that are an integral

    part of the company.

    The course offered by the Manpower is of importance as this course will enable students

    to be corporate fit and face any issues that come up in their corporate life.

    The training becomes more important as it is certified by Manpower, which itself is a

    fortune 500 company.

    The training program actually adds to the brand value of the college, where it s held.

    We came to know that it is indeed true not education but employability skills is the

    greatest need and safeguard of building good career.

    The training program is effective in enhancing the employability skill among the

    students.

    The training program help the students in knowing the importance for time management

    and improved their communication skill.

    More than 50 % of student wanted Manpower to come again.

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    SUGGESTIONS

    1. The cost of the program can be reduced, to add to the competitive edge.

    2. Youth and women can be targeted more, because that section has got much of the

    potential and is mostly untapped till date.

    3. The program can be introduced in schools, at the higher secondary level.

    4. Apart from targeting the metropolitans, they can focus on the interiors of the nation.

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    BIBLIOGRAPHY

    During the course of writing this project report, we referred to following sources for information and

    numerical data to assist the completion of the project.

    Website

    www. Manpower.com

    www.manpowergroup.com

    Brochure, Newspapers, & Magazines

    Business World

    Economic Times

    Business week

    Brochure- campus workforce readiness program

    -Break the crisis &complacency cycle

    http://www.manpowergroup.com/http://www.manpowergroup.com/
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    ANNEXURE

    Questionnaire

    1. Have you ever undergone the session?

    a. Yes b. No

    2. Do you think the data given to you in form of notes and practical examples are good and will

    help you in the future in corporate? (Rate on the scale of 5 with 1 being the least)

    1 2 3 4 5

    3. Was the faculty able to solve your queries throughout the session? (Rate on the scale of 5 with 1

    being the least)

    1 2 3 4 5

    4. What do you think, is the improvement status in your skills and attitude and future prospects.?

    (Rate on the scale of 5 with 1 being the least)

    1 2 3 4 5

    5. Do you think that the session bridges the gap between industry and academica? (Rate on thescale of 5 with 1 being the least)

    1 2 3 4 5

    6. How would you like to rate the trainer? (Rate on the scale of 5 with 1 being the least)

    1 2 3 4 5

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    7. Was the duration of the session convenient for you?

    1. Yes b) No

    8. Was the session different from what you have attended by the college faculty?

    b) Yes, definitely b) No c) Cant say

    9. Will you refer it to other students?

    c) Yes, definitely b) Not at all c) Cant say

    10. Did you learn the importance of time management and communication skills?

    b) Yes, definitely b) Not at all c) Cant say

    11. Was it worth your money?

    d) Yes, definitely b) Not at all c) Cant say

    12. Would you like come again for the session again in the future?

    b) Yes, definitely b) No c) May be