Pak Elektron to Hr

8/4/2019 Pak Elektron to Hr

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P A K E L E K T R O N L I M I T E D

LEARNINGS DURING INTERNSHIP:


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During my internship I worked in FINANCE & ACCOUNTS departments. In finance department I

analyzed financial position of company, sales, earning per share, profit, liabilities and assets of the company.

Further in

Finance department I worked in different sections of finance department.Logistics section:

This section is relevant to the material.

Here I came to know the procedure and tasks of the material section.

daily check on production

controlling the production plan for the future

control on orders in hand

What is the documentation in this section and working of the work?Corporate finance:

Corporate finance section is the main part of the finance department.

Leasing

Guarantee

Loan

Here learned about the leasing, machinery leasing and vehicle leasing etc.

Worked about bank guarantee, why it need to get the banks guarantee?

What is the process of guarantee?

Budgeting:

The learning in this section was to prepare the budget for all the different sections and the

departmentsAllocation of budgets for different departments.3

COMSATS Institute of Information Technology, Lahore


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Treasury:


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The learning in this section was based on the different tasks of the section.

This section directly relates to the cash and cash affairs

Inflow and outflow of cash was the basic work of this section..

Collection

Payments

This section deals with

Bank deali

ng

Fund payments/collection

Updating banks

Foreign payments

Export transactions

Pre-shipment:

The learning in this section was the different steps of the work

Tender

Bidding

Acceptance

Purchase order

Inspection

Learned about the work, how to perform etc.

Flow of work in the finance department.Accounts department:


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In


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accounts department we worked in different section of the

Costing

Inventory

Payable

Payrolls

Taxes

In this department we worked on

Payment and collection of funds

Prepare voters

Invoices

How to control inventory

How to calculate salaries, bonuses, and funds?

Allocation of expenses, reimbursement of expenses to employees.

AREAS OF IMPROVEMENTS:It was a great experience to work in PEL. I got there experience for my professional field.Here I found every thing so impressive, mannered, regular, and learning.

In my observation in this so mannered company still need some improvements which can increase the

productivity, goodwill and the loyalty of employees. The increase in theses field will result the worth of

organization.

When I analyzed the annual report of the company I came to know the low financial

position, lot of loans which causes the low growth of the company and low profitmargin.More the area where it needs to improve that is


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Company is in over trading condition

Here need to improve the gradually decreasing share price.

Financial charges must decrease.

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Administration improvements:

There is no differentiation between the employees through their post, designation etc.

Here must be identity in sitting of E1, E2, and E3.

Here need to improve the training system of internees.

Improvements required in their training system, sitting places in department and their

duration in the companyThe

timings of duty of internees should less then the employees.

Internees must be given a lecture about the working in any specific section.

Mess also requires improvement in quality as well as quantity.

SUGGESTIONS TO IMPROVE PROCESSES/ PRODUCT

AND CULTUREPAK ELEKTRON LTD is company which has a standard in the companies of Pakistan. PEL

has disciplined and ethical groups of employees.

There is a better portfolio of the company. Have I disciplined and mannered way of working.

But in some areas need to improve some things which are beneficial to the company.Process:

Organization portrays the scene of centralized culture.In organization is lack of employee empowerment. There should be direct communication between

manager and the employee who doing some work.

Huge documentation is used in organization.Culture:6


Pak Elektron Ltd. (Pel). Internship Report to

Hr Dept. 03

accounts department we worked in different section of the

Costing

Inventory

Payable

Payrolls

Taxes


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In this department we worked on

Payment and collection of funds

Prepare voters

Invoices

How to control inventory

How to calculate salaries, bonuses, and funds?

Allocation of expenses, reimbursement of expenses to employees.

AREAS OF IMPROVEMENTS:It was a great experience to work in PEL. I got there experience for my professional field.

Here I found every thing so impressive, mannered, regular, and learning.

In my observation in this so mannered company still need some improvements which can increase the

productivity, goodwill and the loyalty of employees. The increase in theses field will result the worth of

organization.

When I analyzed the annual report of the company I came to know the low financial

position, lot of loans which causes the low growth of the company and low profit

margin.

More the area where it needs to improve that is

Company is in over trading condition

Here need to improve the gradually decreasing share price.

Financial charges must decrease.

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Administration improvements:

There is no differentiation between the employees through their post, designation etc.

Here must be identity in sitting of E1, E2, and E3.

Here need to improve the training system of internees.

Improvements required in their training system, sitting places in department and their

duration in the company

The


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timings of duty of internees should less then the employees.

Internees must be given a lecture about the working in any specific section.

Mess also requires improvement in quality as well as quantity.

SUGGESTIONS TO IMPROVE PROCESSES/ PRODUCT

AND CULTURE

PAK ELEKTRON LTD is company which has a standard in the companies of Pakistan. PELhas disciplined and ethical groups of employees.

There is a better portfolio of the company. Have I disciplined and mannered way of working.But in some areas need to improve some things which are beneficial to the company.Process:

Organization portrays the scene of centralized culture.

In organization is lack of employee empowerment. There should be direct communication between

manager and the employee who doing some work.

Huge documentation is used in organization.Culture:6



Lack of female staff shows the gender discrimination in organization.

Female internees must be given a separate room for prayer.

There should be the valuable identity of the company in performing the social responsibilities like

charity, helping poor students.

PEL should be known as environmental friendly organization.Product:

Company should have a visible competitive edge on competitors about products and services.

Quality of products needs more improvements

The shape and the designing of the products should attractive.

Low cost products as compared to competitors must be prepared.

There is much lack of advertisement of POWER DIVISION products.

There should be given the packages in different appliances products.

EVALUATION OF INTERNSHIP PROGRAM

Internship is based on two steps first study and then practical work.

Study: which internee done before he comes in organization


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Practical work: the basic aim of internee to join the organization

Practical work involves

Overview of work

Documentation of work

Practical work

Internship at PEL:

Here in internship at PEL it was based just on7


TABLE OF CONTENT

LEARNINGS DURING INTERNSHIP:........................................................................... 3 AREAS OF

IMPROVEMENTS:..................................................................................... 5 SUGGESTIONS TO IMPROVE PROCESSES/ PRODUCT

AND CULTURE........ ................. .... 6 LINK BETWEEN QUALIFICATION AND INTERNSHIP PROGRAM................................. . . . .

. 8 PEL AS A FUTURE EMPLOYER................................................................................. 10

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Pak Elektron to Hr