Mba Internship Report Revised
Mba Internship Report Revised
HRM SPECILAZATION
Submitted to:
Chairman,
Department of business administration
Submitted by:
Name: _____________
Roll#:___________
Registration#:________
_
Email add: _________
Contact:
_____________
Date
of
submission:
_______________
Acknowledgment
I have taken efforts in this project. However, it would not have been
possible without the kind support and help of many individuals and
organizations. I would like to extend my sincere thanks to all of them.
I am highly indebted to FutureNow technologies for their guidance and
constant supervision as well as for providing necessary information
regarding the project & also for their support in completing the project.
I would like to express my gratitude towards my parents & member of
FutureNow technologies for their kind co-operation and encouragement
which help me in completion of this project.
I would like to express my special gratitude and thanks to industry
persons for giving me such attention and time.
My thanks and appreciations also go to my colleague in developing the
project and people who have willingly helped me out with their
abilities.
Sign_________
TABLE OF CONTENTS
Contents
1.
PREFACE..................................................................................................... 7
2.
3.
VISION........................................................................................................ 8
4.
MISSION..................................................................................................... 8
5.
Values........................................................................................................ 8
6.
Approach.................................................................................................... 9
1.1 Process and Procedure.........................................................................9
1.2 Resource:............................................................................................. 9
1.3 Project Management and Execution..................................................10
1.4 Project Management and Execution involves the following...............10
1.5 This process area also addresses the coordination of all activities
associated with the project including the following:.................................10
1.6 Verification and Validation.................................................................10
1.7 Configuration Management...............................................................11
1.8 The Configuration Management process area involves the following:
11
1.9 Maintaining the integrity of baselines................................................11
1.10
Quality Engineering........................................................................11
1.11 The Process and Product Quality Assurance process area involves
the following:............................................................................................ 11
1.12
1.13
Industries.................................................................................................. 12
2.1 Retail................................................................................................. 13
2.2 Government....................................................................................... 13
2.3 Healthcare......................................................................................... 14
2.4 Education........................................................................................... 14
3
2.5 Legal.................................................................................................. 14
2.6 Utilities.............................................................................................. 15
2.7 Banking & Insurance..........................................................................15
2.8 Textiles & Apparel(S)..........................................................................15
3
ORGANIZATIONAL STRUCTURE..................................................................19
DEPARTMENTS........................................................................................... 23
SERVICES.................................................................................................. 23
7.1 Application Development..................................................................24
7.2 ERP Applications................................................................................24
7.3 Rich Internet Applications..................................................................24
7.4 Mobile Applications............................................................................25
7.5 Service Oriented Architecture (SOA)..................................................25
7.6 Software-as-a-service (SAAS)............................................................25
7.7 Portals & Web Development..............................................................26
7.8 WebPortals......................................................................................... 26
7.9 e-Commerce Solutions.......................................................................26
7.10
7.11
7.12
7.13........................................................................................................... 28
7.14
7.15
Web Content...................................................................................28
7.16
Online Presence..............................................................................28
7.17
Web 2.0.......................................................................................... 28
7.18
Business Intelligence......................................................................28
7.19
7.20
7.21
7.22
7.23
Web Hosting................................................................................... 30
7.24
SSL Certificates.............................................................................. 30
7.25
Email Hosting................................................................................. 31
7.26
7.27
7.28
10
RESPONSBILITIES OF HR OFFICER:........................................................34
11
12
RECRUITMENT....................................................................................... 37
12.1
TYPES OF RECRUITMENT................................................................38
12.2
12.3........................................................................................................... 39
12.4........................................................................................................... 39
12.5
12.6
12.7
EXPERIENCED PROFESSIONALS......................................................41
13
14
15
16
17
Case Study............................................................................................ 50
18
Case Study............................................................................................ 50
19
Case Study............................................................................................ 52
20
Case Study............................................................................................ 52
21
Case Study............................................................................................ 53
22
Case Study............................................................................................ 54
23
CONCLUSION......................................................................................... 55
5
24
RECOMMENDATIONS.............................................................................56
25
References:........................................................................................... 56
1. PREFACE
This report reviews the Human Resource Management (HRM) of
FutureNow, the IT based solution provider company in Pakistan. We
6
give a brief history of the company and tell about the corporate human
resource of FutureNow technologies. It put light on the culturally
compatible HR strategies of the organization around the globe. It is
private limited company that has set up its collaborative offices across
the US.
This report puts light on the specific Hr strategies, policies and
practices of FutureNow that makes it racially compatible with other
solution providers.
3. VISION
We are committed to developing and delivering first-class solutions
and services to local and global organizations that can help them
bridge the gap between dreams and strategy; then strategy and
execution!
4. MISSION
To endow best and user friendly IT solutions to the industry.
5. Values
6. Approach
1.1 Process and Procedure
FutureNow follows processes which were matured through decades of
project management experience. We follow CMMI (Software
Engineering Institutes Capability Maturity Model Integration registered
to Carnegie Mellon University) Level 4 processes and procedures (Not
certified) on projects which require extensive tracking and
documentation. On projects or clients who need quick results and a
more tangible and quantifiable development process; we use the Agile
methodology and Scrum.
We use life cycle processes described in the Institute of Electrical and
Electronic Engineers/Electronic Industries Association (IEEE/EIA) 12207
Series, Standard for Information Technology.
Waterfall
Incremental
Evolutionary
A choice is made as to which life cycle to follow, based upon
documented predefined selection rules which are based upon
established guidelines.
PROJECT LIFE CYCLE
Stage 1
Stage 2
Stage 3
Stage 4
Project
Studies
PreImplementatio
n
Construction
Operations
Proje
ct Scoping
Optimisa
tion
Mobilisati
on
Pre-
Feasibility
Develop
ment
Commissi
oning
Rampup
Consolid
ation
Handover
Feasi
bility
Steady
state
Demobilisation
Change
Closure
Prelim
inary
employee &
industrial
Update &
fine-tune
employee,
industrial
Implement
employee
relations
management
Decommissioning
HRM
strategy, design
&
implementation:
relations
relations (ERMP)
strategy &
& human
downstream
resources
human
management
resources
plans.
managemen
Deliver
t options.
operationalised
Model
ERMP & HRM
optional HR
plans in
outcomes to
readiness for
planners
personnel
(structures,
engagement.
costs)
employee
relations & HR
management
plans.
Site IR
IR & ER
advice
Organisati
on & job design,
personnel
coverage, shift
rosters &
logistics.
Attraction
& retention
strategy:
remuneration &
conditions,
competition
Workforce
planning:
supply/demand,
turnover &
service studies.
Performa
nce
management
Workforce
motivation
profile &
organisation
climate studies.
Deliver
benefits
administration &
payroll services
1.2 Resource:
http://www.shr.com.au/lifecycle/
and
Execution
involves
the
2 Industries
FutureNow Technologies has created a number of solutions to meet the
business needs of different industries including insurance,
telecommunication, health, government and others. We promise and
deliver end-to-end and cost-effective solutions for companies and give
them a fair chance to step ahead of their competition. Over the years
we have managed various medium and large scale projects where we
have translated strategies into accomplishments!
Each project or product is based on industry standard process
frameworks and we use rigorous methodologies and the expertise of
our team to mitigate risk and deliver cost and time-to-market benefits.
Retail
Government
Healthcare
Education
Legal
Utilities
Insurance
Telecommunication
Biotechnology
Social Media
Textiles & Apparel
14
2.1 Retail
For the retail sector we offer customized
and packaged solutions which can help
businesses reduce operational costs,
monitor resource allocation and optimize
processes. Our solution offering for the
retail sector includes the following:
Reduced operational costs
Easy access to information
Compliance
with
regulations
and
requirements.
Improved services for citizens and other
stakeholders
Transparency of data
2.2 Government
FutureNow Technologies is actively involved in assisting the Provincial
Government to create automated solutions for their core services. It
helps them by addressing business and technology challenges and
defines, design and build applications tailored to meet their specific
business requirements. These applications are easy to maintain,
flexible to facilitate enhancements and easy to deploy. IT-based
solutions and services can be beneficial for the Government Sector in
the following ways:
Operates responsibly and deliver outstanding value to clients
Maintain the highest standards of business conduct and carry out a
strong commitment to integrity and ethics
Pursue excellence by ranking high on employee and customer
satisfaction
Promote creativity and innovation within the organization
Create learning and growth opportunities for employees
Promote corporate social responsibility as a significant element of
organizational culture
Respect privacy rights of clients and employees
2.3 Healthcare
FutureNow technologies realize that the healthcare industry must use
technology based solutions to provide quality and timely patient care.
These solutions can also be helpful in meeting regulatory compliances,
15
2.4 Education
For the education sector, FutureNows has a range of solutions and
services in the area of Knowledge Management and ERP. For Content
and Knowledge management FutureNow technologies can provide
packaged solutions which can assist educational institutes in creating,
delivering and archiving unstructured data. In addition, capabilities
such as security, access control and workflow are also available for
most solution offerings.
Within the ERP domain, we have a customizable produce offering titled
Education Management System (EMS) which is an end-to-end solution
for automating an educational institutes diverse operations such as
scheduling, examinations, online learning and student and faculty
management. The system also has the capability for creating online
communities to bring parents, teachers and students on a common
interactive platform.
2.5 Legal
FutureNow Technology has served as an implementation partner on
the development of one of the first web-based document management
systems, in collaboration with FileControl Partners, a US based provider
of document management systems.
Whether you are involved in litigation requiring case document access
for a very large set of people such as class actions, multi-party or joint
defense group; or you require access to your case documents from
geographically separate locations, Knowledge and Litigation
Management System (KLMS ) is the answer to your business needs. For
the legal sector we also offer the following:
FileControl review: Offers useful time and cost saving tools for
organizing, reviewing, filtering and extracting necessary information
from huge amounts of data
FileControl Knowledge and Litigation Management System:
Web-based document management system that aims to promote a
paperless environment by introducing a system ideal for storing
business critical information in a secure and reliable document
repository.
FileControl Utilities Suit: Tools to modify review and Knowledge
16
2.6 Utilities
The utilities sector must adopt innovative practices across multiple
channels to improve the quality of service, reduce costs, enhance
customer experiences, and manage energy demand through
automating business processes.
To meet this purpose we have produced a comprehensive solution:
Utility Management Solution (UMS) that has proven to be extremely
adaptable to the utility sector business rules and processes. The rich
functionality of the system coupled with the ease of configurable
interfaces provide for a robust software application right out of the
box. UMS is comprehensive enough to be used by any size or type
utility.
This product has been developed in collaboration with Continental
Utility Solutions, Inc. one of the largest providers of utility billing and
customer information systems across the US.
17
eKarobaar
Intract
OfficeConnect
eComm
FNDocShop
EMS
REMS
3.1 eKarobaar
eKarobaar has been exclusively designed and built as a complete retail
management solution for single-store and multi-store retailers across
Pakistan. This solution provides end-to-end Retail Store Management,
Sales and Customer, Inventory and Accounts Management, using the
highly evolved industry standards, programming tools and technologies.
All this coupled with a user-friendly interface makes eKarobaar
Enterprise stand out against its competitors!
Besides automating a wide range of point of sale (POS) processes,
eKarobaar also enables managers to maintain tight control over
inventory, pricing, suppliers, customer information, and reporting.
18
3.2
Intract
3.3 OfficeConnect
IP PBX is a private branch exchange within an enterprise that switches
calls between VoIP users on local lines. FutureNows offering for an IP
PBX exchange, OfficeConnect comes as a comprehensive and costeffective solution to meet the communication needs of modern
businesses. It guarantees a noticeable reduction in operating costs and
an increase in organization wide coordination across geographic
boundaries.
3.4 eComm
For all retailers and manufacturers who think that the Internet can
open their business to millions of retailers, eComm is the ultimate
solution
Whether this is your first time building an ecommerce store or you are
an "ecommerce veteran", you'll find Futurenows eComm solution to
be both easy to use and ultra-powerful.
20
4 ORGANIZATIONAL STRUCTURE
21
23
24
6 DEPARTMENTS
Operations
Software Development
Quality Department
Multimedia Department
PMO
Business Development
FN DOCSHOP
Contact Center
IT
HR
Finance
Admin
7 SERVICES
FutureNow Technologies is a provider of cutting edge technology
solutions and services in Pakistan, Europe and North America. We
believe that innovation, commitment to quality, and effective
partnership with our clients is the foundation of success.
Over the years it has engineered solutions which are currently being
used in some of the largest fortune 100 companies around the world.
Services provided are:
25
Application Development
Portals & Web Development
Business Intelligence
Document & Knowledge Mgmt
Infrastructure Hosting Solution
Business Process Outsourcing
Design & Multimedia
Tools & Technologies
Final report of MBA
Application Development
26
28
Web Portals
Web Based Applications
eCommerce Solutions
Social Networking Solutions
Final report of MBA
7.8 WebPortals
For todays businesses corporate web portals are a proven way to
meet the requirements of employees, customers, business partners
and others who want timely access to information.
We offer a composite A to Z web development solutions to match your
business requirements - from market niche estimation and design to
hosting and SEO, all at a competitive price. We have developed and
delivered portal based solutions to address different business needs of
our client, such as information sharing, team collaboration, project
management and online buying and selling
34
Appraising performance
35
GSMAEHVPR/enioagsxcuhdrtvy
9 Human Resource Department-Hierarchy
36
10 RESPONSBILITIES OF HR OFFICER:
Following are the responsibilities of HR Officer:
Policy Making
Retention Program
Decentralized Organization
COMPETITIVE ADVANTAGES:
FutureNow has following competitive advantages over its competitors:
Retention Program
JOB ANALYSIS
37
Job Description
Job Specification
Job Description:
A list of jobs duties, responsibilities, reporting relationships, working
conditions, and supervisory responsibilities
Job Specification:
A list of jobs human requirements, that is, the requisite education,
skills, personality, and so on
38
11 METHODS
OF
INFORMATION
COLLECTING
JOB
ANALYSIS
Interviews
Observation
INTERVIEWS
A procedure designed to obtain information from a person through
oral responses to oral inquiries
Who Conducts Interview?
Interviews are taken by the branch HR head responsible for
recruitment and selection
Types Of Interviews Taken:
Structured interview only
Structured Sequential Interviews
Panel Interview
Criteria for Selecting Candidates:
Following is the criteria for selecting candidates in FutureNow based
on:
Communication Skills
Present Personality
39
INTERVIEW QUESTIONS
12 RECRUITMENT
The development of a pool of applicants for jobs in the organization
Sources Of Job Recruitments:
Following are the some sources of Job Recruitment in FutureNow
technologies:
By Universities
By Website
By Coaching
By Newspapers
Recruitment Process:
Following are the recruitment processes in FutureNow technologies:
1.) Assess need (strategic planning and tactical planning)
2.) Create a pool of candidates:
40
1. Internal:
Includes recruiting of already existing employees for new jobs within
the organization
2. External:
Includes bringing new blood in an organization. Recruiting people
who are new
Interviews
Decisions made through head office
No help from recruiting agencies
43
Executive Recruitments:
FutureNow technology, Executive recruitments are done by CEO.
Recruitment of Internees:
FutureNow technology, recruitment of Internees is on
> Walk-ins
44
45
13 Pay
plans
technologies
and
incentives
at
FutureNow
Pay Plans:
Pay plans FutureNow technologies are establish on the basis of job
ratings. All jobs are ranked from top to bottom, on the bases of
compensable factor. Employee with higher rank gets highest pay and
incentives.
Compensation Plans for Employees:
In FutureNow technologies, compensation plan for employees includes:
Basic Salary
Bonuses
Medical Facilities
Allowances
Incentive Plans:
In FutureNow technologies incentive are provided to
46
Annual Bonuses
Educational Plans
Social Events
Customized Services
Financial Benefits:
The financial benefits provided by FutureNow technologies to its
employees are
Severance Pay
Severance Pay is given according to
1. Policy
2. Give Full & Final Settlement
3. Half Salary As A Complementary (Optional)
Insurance Benefits:
FutureNow technologies give insurance benefits on
Workers Compensation
47
Other Benefits:
Other benefits provided by FutureNow technologies to its employees
are
Pregnancy Compensation
Faster Promotion
Refreshment Packages
Communication Benefits
Retirement Benefits:
FutureNow technologies give retirement benefits on the basis of
Age
Pension Plans
Services Benefits:
48
Counseling Services -
Employee Transportation
49
Unsafe conditions
Final report of MBA
Unsafe acts
Human resources or, as some would call it, human capital, is becoming
the most important asset for most organizations in the world. As the
New Economy pervades in the worlds communities and organizations,
it becomes necessary to study and pay close attention to the impact of
Globalization and Technology in shaping todays strategy for managing
culturally diverse human resources.
Globalization has resulted in significant implications for HR functions as
they attempt to develop global HR strategies and design programs and
51
17 Case Study
ParxMD
ParxMD is the system that provides simplified drug prescription
process. Having so many different formulary and drug prior
authorization conditions, it becomes hard for medical practitioners to
prescribe drugs for patients carrying different insurance plans. It
54
18 Case Study
FileControl
One of our earliest clients, FileControl specializes in providing hosted
and self hosted Active Knowledge and Litigation Management Solutions
that help businesses attain efficiency and significantly cut costs.
Among the pioneers of Document and Knowledge Management,
FileControl provides enterprise-wide scalable solutions.
FileControls products are being used across a wide array of industry
sectors such as digital libraries, hospitals, universities, HR consultancy
firms, storage repositories, and law firms.
18.1.1.1.1 The Solution
FileControl partnered with FutureNow to develop FileControls
Knowledge and Litigation Management System, one of the first web55
FileControl review: Offers useful time and cost saving tools for
organizing, reviewing, filtering and extracting necessary information
from huge amounts of data
FileControl Knowledge and Litigation Management
System: Web-based document management system that aims to
promote a paperless environment by introducing a system ideal for
storing business critical information in a secure and reliable document
repository.
FileControl
Utilities
Suit:
Tools
to
modify
review and Knowledge and Litigation Management System user
interfaces and boost performance.
FileControl Remote Scan Client: Helps the client to scan,
import, and index documents into the Knowledge and Litigation
Management System
FileControl Virtual Deal Room: Helps the client to manage
and share information among different groups.
18.1.1.1.1.1
Tools and Technologies:
FutureNow Technologies used following tools and technologies to
provide this perfect solution:
56
19 Case Study
Duff & Phelps
Duff & Phelps provides its customers with financial advisory and
investment banking services. Duff & Phelps is currently listed as NYSE
since 2007. Its head quarter is in New York City and offices are in North
America, Europe, and Asia. It was founded in 1932 to provide utility
industry with investment research services. Then, over the decades it
evolved into a diversified financial services firm. Since 2004, Duff &
Phelps has expanded and developed its core services. Currently, they
are implementation partners with FutureNow Technologies & File
Control. Principally, they provide trusted advice in the following areas:
Valuation
Transactions
Financial restructuring
Dispute
Taxation
19.1.1.1.1 Challenge
Duff & Phelps existing solution is unable to fulfill their need for
scalability and robustness. They would like to replace it with a new
solution that can offer excellent reporting capabilities and ample
flexibility and help them achieve their business goals.
19.1.1.1.2 The Solution
Duff & Phelps provided FutureNow Technologies with their
requirements. We are now in the process of developing a more mature
system to meet their business needs in an effective manner.
19.1.1.1.2.1
Tools and Technologies:
FutureNow Technologies used following tools and technologies to
provide this effective solution:
57
20 Case Study
Continental Utility Solution, Inc.
Continental Utility Solution, Inc. is a US-based software house and one
of our strategy and implementation partners who is dedicated to
providing innovative enterprise solutions to utility companies, local
governments and sub metering companies. Experience and
commitment to service have made CUSI one of the nations largest
providers of utility billing and customer information systems.
20.1.1.1.1 The Solution
Millions of utility bills are generated each month in North America
using CUSI solutions. To develop comprehensive utility management
software, CUSIs specific need was a development partner, which could
understand its need for excellence and not compromise upon quality in
any way. After much scrutiny, CUSI selected FutureNow Technologies
because of its established record of delivering upon quality.
We have had the opportunity to partner with CUSI for the development
of following product:
Utility Management Solution (UMS): UMS.net has proven to be
extremely adaptable to the utility market sector business rules and
processes. The rich functionality of UMS.net coupled with the ease of
configurable interfaces provide for a robust software application right
out of the box. Billing applications, small or large, single service or
multiple service provider - UMS.net is comprehensive enough to be
used by any size or type utility. Powered by MS SQL Server, this
application can also help utility companies to gain greater insight from
their business information and achieve faster results in order to gain
competitive advantage.
20.1.1.1.1.1
Tools and Technologies:
FutureNow Technologies used following tools and technologies to
provide this perfect solution:
21 Case Study
CareMed
58
21.1.1.1.2.1
Tools and Technologies:
FutureNow Technologies used following tools and technologies to
provide this perfect solution:
22 Case Study
Punjab Examination Commission
Punjab Examination Commission is an autonomous body set up by the
Government of the Punjab to administer assessment-only examinations
for grade 5 and grade 8. Punjab Examination Commission is focused on
assessing learning outcomes of these students. These assessments
enable students to score better in their promotion examinations
59
23 CONCLUSION
HRM managers at FutureNow technologies are performing a great job
as far it is concerned
Motivating them and looking after them. Along with the other
managers and employees
HRM managers are also doing a great job in achieving company goals
and objectives. There is a very calm and friendly atmosphere at
FutureNow technologies because of the HRM department and their
policies for keeping their employees happy, productive and efficient.
24 RECOMMENDATIONS
It is observed that the employees were overburdened so they have to
stay at branch till late at night. In this way their efficiency is affected
and hiring more employees can reduce their work.
1. The employees should be signed jobs for specific period and than
they should shifted to other department so that they gain
knowledge of other jobs.
2. FutureNow technologies should properly advertise and
Communicate to public about the services provided by it, so that
more customers will be attracted.
3. The FutureNow technologies management should give more
incentives and pay scale of officers should be revised &
improved.
4. System and operations should be more defined and organized.
5. IT draw backs should be improved.
6. Administration drawbacks should be improved by the strict
control of general issues.
7. Expenditures must be control, which are very high.
25 References:
FututureNow technologies
61
www.fnint.com
62