INTERNATIONAL INSTITUTE OF PLANNING AND MANAGEMENT

NEW DELHI

PROJECT REPORT
(Summer Internship)

On

Formulation of Educational Assistance Policies for Executives

At

Valvoline Cummins ltd.

(PLOT NO. 278,UDYOG VIHAR ,PAHSE 2, GURGAON)

2009-2010

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

(Master of Business Administration)

Submitted By: Project Guide:

Gauri Kumari Mr .Rajneesh Dev Sharma

Unique ID No: Sr. HR Manager

D0911SSIIPM10212G(DEL-6/DD-1341)

Formulation Of Educational Assistance Policies For Executive

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 ACKNOWLEDGEMENT

I take the opportunity to express my profound sense of gratitude and indebtedness to Mr Rajneesh Dev
Sharma (Sr.HR Manager) my project mentor. It was his guidance that has ultimately lent final shape to the
project. Right from framing objectives to the complete project report, It was a case of dedicated guidance
and membership.

Next I would like to thank Mr.Nagendra Pal (CFO, Valvoline Guragaon), Miss. Nilu Singh(Sr.HR
Manager,TCS Noida ), Mr Abhinav Kumar (Senior Executive ICICI ,Pune) , Mr. Chandan Kumar Singh
for their kind co-operation and moral boosting during the tenure of this internship.

Last but not least, I would like to thank my family members and friends for their encouragement and support
which helped me to make this project work success.

Gauri Kumari

PGP/SS-09-11

Formulation Of Educational Assistance Policies For Executive

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 EXECUTIVE SUMMARY

A recent survey, Education Assistance Plans, conducted by the International Foundation of Employee
Benefit Plans, reveals trends in organizations' education assistance policies. According to the IFEBP survey,
94% of organizations offer some type of formal or informal education assistance plan with 88% having a
formal policy and 6% having an informal policy.

Of those who offer an education assistance plan :

 74% have less than 15% of their employees participating.

 99% of respondents make education assistance benefits available to full-time salaried
employees, 86% offer benefits to full-time hourly employees, 37% offer benefits to part-time
salaried employees, 33% offer benefits to part-time hourly employees.
 93% offer education assistance to cover undergraduate-level and graduate-level course work,
69% cover online and distance- learning courses, 56% cover vocational and technical course
work.
 100% pay tuition expenses, 64% pay for books, 63% pay for fees, 21% cover supplies.
 73% of organizations reimburse expenses based on completion of the course, 69% reimburse
based on the grade received.
 57% do not require that employees pay back all or part of any monies reimbursed for education
if they leave employment. The most common time period that employees must continue working
for their organization to avoid having to pay back any monies is one year .The survey collected
information from 226 U.S. and Canadian multiemployer trust funds, corporations, public
employers and professional service firms. The results include 62 valuable education assistance
and tuition reimbursement policy sample policies and forms.

Therefore the question arises that Why Should You Develop Educational Assistance Policy? Under
the training and research done by me I got the opportunity to assist my seniors ,in valvoline Cummins ltd. at
Gurgaon to assist and hence put forward my views ,while formulating the hr policy related to educational
assistance in the organization. I came to the realize that by strengthening the educational assistance
program, you can maximize use of money that your organization contributes to employee tuition, become or
maintain your status as an employer of choice, and contribute to your organization’s competitive advantage.
Thus the main Purpose of the Educational Assistance Program Is to “assist employees in their
professional development and in advancing their careers by encouraging voluntary academic studies that

Formulation Of Educational Assistance Policies For Executive

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contribute to improved performance.”. Moreover ,Employers can meet the challenge of having a well-
educated, knowledgeable workforce by supporting continuing education, either through tuition advances or
reimbursement. These programs also can help employers attract and retain employees who are interested in
advancing their education, skills, and careers.

Thus this is one of the important tools for hr managers since Human resources is a term used to refer
to how employees are managed by organizations, or to the personnel department charged with that role and
the field has moved from a traditionally administrative function to a strategic one that allegedly recognizes
the link between talented and engaged people and organizational success. I also learnt about various other
Human Resource Management organizational functions that deals with issues related to people such as
compensation, hiring, performancemanagement ,organization Development , safety, wellness, benefits,
employee motivation, communication, administration, and training.

Henceforth , In these settings, Human Resources Development is the framework that focuses on the
organizations competencies at the first stage, training, and then developing the employee, through education,
to satisfy the organizations long-term needs and the individuals’ career goals and employee value to their
present and future employers. Human Resources Development can be defined simply as developing the most
important section of any business its human resource by, “attaining or upgrading the skills and attitudes of
employees at all levels in order to maximize the effectiveness of the enterprise”

Under the Training undertaken by me , I got the opportunity to work under a live project That is designing
the Hr policies, Under Educational assistance Policy for Working executives in organizations. I with the
help and support of various people Learnt about various companies practices and their benchmarking on the
topic .I also researched on various courses available for working Executives, apart from all this few of the
things which were a learning and an interesting experience , like designing of social activity at the
workplace like the quiz competitions , for socialization and creating a healthy learning and fun environment
at workplace .Thus overall it was a great learning activity .

INTRODUTION
Formulation Of Educational Assistance Policies For Executive
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COMPANY PROFILE

VALVOLINE CUMMINS LTD

Inc. founder Dr. John Ellis created the first motor oil and was awarded a design patent for petroleum,
distilling and refining equipment in 1866 at USA. Since then with our offices, affiliates and distributors in
every corner of the globe, you're never far from a complete line of unbeatable Valvoline products.

VISION

Formulation Of Educational Assistance Policies For Executive

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VALUES

MISSION

Formulation Of Educational Assistance Policies For Executive

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LOGO EVOLUTION

Formulation Of Educational Assistance Policies For Executive

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Valvoline Cummins Ltd, a 50:50 joint venture between Valvoline International Inc of the US, a division of
Ashland Inc and a US $ 12 billion player in road construction, refineries, lubricants & chemicals and
Cummins Diesel Sales & Service India Ltd (CDS&S), a global leader in diesel engines has outlined its
roadmap for leadership in the engine oil and lube s market in the country. The company would launch a suite
of products researched and formulated with expertise from Valvoline, USA and customized for engines in
India. The company is also focusing further to strengthen its distribution & marketing network to enhance its
reach in the lube market. The Company shall work towards maintaining its leadership position in the CNG
Vehicle segment through continuous work with major OE’s and expanding its product slate and distribution
as newer markets emerge for use of CNG. Valvoline Cummins Ltd is targeting sales of Rs. 250 crores for
FY 2004-05. 

In India, Valvoline Cummins Ltd, a JV between Ashland Inc., USA and Cummins Sales & Services (India)
Ltd ,a wholly owned subsidiary of Cummins India Ltd. is one of the India’s fastest growing lubricant
marketer and producer of quality branded automotive/industrial products. Products include automotive
lubricants, transmission fluids, gear oils, hydraulic lubricants, automotive filters, specialty products, greases
and cooling system products. Valvoline also offers Car Brite car care products for automotive cleaning and
maintenance. We have come a long way since we started out operations in India in 1998. We're a growing,
dynamic company having base of 54 stock points delivering products and services to 500 distributors for
bazaar trade and 2945 institutional customers. In bazaar trade we approximate that our products are available
in more 15,000 retail counters across India.

Our vision is the guiding principal that we follow to deliver our quality commitment to our customer by
producing and delivering quality products /services consistently through our state of the art blending and
filling process and thereby making their lives simpler.

PRODUCTS

 Lubricants
 Car care.
 Filters

Formulation Of Educational Assistance Policies For Executive

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Lubricants

Engine demand a lot from an engine oil - thus you should know just the right partner for your engine.
Valvoline has been developing and marketing high performance oils and services since 1886 - longer than
any other engine oil company.

The Valvoline commitment to quality and innovation is reflected from the fact that we offer a full line of
premium conventional & synthetic engine oils, gear oils, greases, industrial oils and other automotive
lubricants specially formulated for all round protection to your engine. All Valvoline oils are formulated
with advanced additive technology and premium base oils for high performance and an enhanced engine life

Car care

Valvoline’s commitment to high quality products is not confined to “below the hood” products only.In 1998,
Valvoline acquired the Eagle One industry in USA. Eagle One, founded in 1978, is a leader in the
development and manufacturing of premium automotive appearance products.

Formulation Of Educational Assistance Policies For Executive

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Today, after over a quarter of a century, Eagle One remains the leading manufacturer of high-tech
appearance products. These technically superior Car Care products require minimum effort for maximum
results.

Despite the simplicity of use, Eagle One’s advanced technology continues to ensure maximum color and
depth of shine, while providing the ultimate in protection and durability for the vehicle.
Car Brite was established in 1947 in North America. Since then, Car Brite has been innovating and
manufacturing the most comprehensive line of professional Car Reconditioning products.
Car Brite Industries was taken over by Valvoline in 2005. This heralded the coming together of two giants-
Eagle One Car Retailing products and Car Brite Reconditioning products. The customer now enjoys the
choice of a large variety of retail (DIY) and reconditioning (DIFM) products

FILTER

Valvoline America has been selling filters since last 20 years and is established player in the US filters
market. Valvoline is also selling filters in Australia. Valvolines internationally reputed range of filters has
now been launched in India. Its filters are backed by the same Quality Guarantee stamp that backs the
performance of its engine oils worldwide.

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Valvoline Cummins Ltd. has one of the largest product portfolios in the diesel engine oils and automotive
engine oil market with a market share of 3% plus. However, outside of the public sector units engaged in the
manufacture and marketing of lubes and engine oils, Valvoline Cummins is the third largest player in
Northern India. The company expects to end the current financial year with revenues in excess of Rs. 215
crore. . 

The company will launch new range of Filters; Eagle 1 Car Care Products like Ever Fresh Perfumes A
product imported in India through Eagle 1 industries USA (A Division of Valvoline, USA); Tectyl range of
rust preventives used both in the industrial and automotive segments; All Fleet Premium which has approval
for Ashok Leyland and has long oil drain interval, longer engine life and oil consumption control; Premium
Blue Environmental friendly lubricants, catering to the highest specification levels, and meant for off-
highway application like Gensets etc. and Champ 4T Premium A synthetic blend 4 stroke engine oil, meant
for premium motorbikes. 

Valvoline Cummins Limited has been growing at a CAGR of 30% plus over the last few years and has
established itself as a market leader in the CNG, DEO and Powergen segments. The company will also be
focusing on the Eagle One range of car care products as a key consumer focus driver in addition to the off-
highway and on-highway lubes market. 

Elaborating on the company strategy for the next fiscal, Mr. Naveen Gupta, CEO, Valvoline Cummins
Limited said,We are uniquely positioned to leverage the expertise and technical know-how of our global
parents which would enable us to bring to India, a suite of products specially designed for the hi-end, state-
Formulation Of Educational Assistance Policies For Executive
11
of-the-art automotive and diesel engines. We are also working on further evolving our OEM relationships
with local vehicle manufacturers.

ASSOCIATION WITH SPORTS

Valvoline’s rich history in motor sports dates back more than 100 years and includes championships in
Formula One, Indy Cars, NHRA drag racing, World Rally Championship, and NASCAR racing and at such
premier events as the Indianapolis 500, Daytona 500, Le Mans and Bathurst 1000. 
The Valvoline Company made history by becoming the first consumer products company to own a
NASCAR Winston Cup team. 

Rookie of the Year candidate Scott Riggs, Valvoline America’s racing driver, was voted "Most Popular
Driver" in the NASCAR 2006 series.

Valvoline not only sponsors Riggs' team, but the company is in its fourth year as 50-percent owner of the
race team. The other half of the team is owned by MB2 Motorsports' Nelson Bowers.  After years of success
in NASCAR, Valvoline took the bold marketing step in 2001 of co-owning the team. As Riggs is fond of
saying about his sponsor/owner, "They're in the car; they're on the car; and they own the car."
Valvoline has taken its racing program to new heights, introducing different paint schemes and collectibles
to race fans, serving as the official motor oil of Daytona International Speedway.

Treading on Valvoline International racing lineage, Valvoline Cummins Ltd., tied up with JK Tyres for the
25 hour DubaiKarting Race held on the streets of Dubai on December 2004.  

The Team India studded with celebrity names like Narain Karthikeyan, Karun Chandhok (Team Captain),
Armaan Ebrahim 

Valvoline Cummins Ltd., also became the first Lubricant Company to make a soft launch of a racing team
named, “Team Valvoline”. The Team comprised, (a) Amittrajit Ghosh – National Racing Championships –
Runners Up 2004 (b) Deepak Chinappa – Asian Zone and Indian National Karting Champion 2003-04 (c)
Mr Amanpreet Ahluwalia- Indian National Rally Championship IInd position 2005. Excited about its
success in the Formula Maruti category, Valvoline also sponsored Raymond Banajee (The reigning National
Karting Champion) in the Formula LGB category.

Formulation Of Educational Assistance Policies For Executive

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The Team Valvoline drivers showing true colours of Valvoline, clinched both the Formula Maruti and
Formula LGB titles in its debut outing itself.  Team Valvoline was also nominated for “MOTORSPORT
TEAM OF THE YEAR” award for the year 2005 NDTV Profit & Car & Bike Magazine alongwith the likes
of Team MRF & Team JK Tyre. Team Valvoline again finished with two podiums this season (2006-07)
with Ajay Kini winning the National Racing Rookie Championship and Rayomand Banajee winning the
LGB Hyundai championship. 

MY PROFILE

MANAGEMENT TRAINEE

As a human resource intern my work included:

1) HR POLICY AND PLANNING

 Collect, Review and analyze reports of different organizational policy (TCS,AIRTEL,ASHLAND

INC,ORANGE SEVICES, ICIC BANK,AEREN R ) about educational assistance program.
 Participate in the development of HR policies and strategy for the same .Research on the institutes
which are options for working executives with details of courses were reviewed and studied.(IIM A,
IIM B,IIM C, IIM KOZHIKHODE,IIM L, XLRI, SYMBIOSIS, MDI, IIT DELHI )

2) Selection and Recruitment

Employee recruitment forms a major part of an organization's overall resourcing strategies which seek to
identify and secure the people needed for the organisation to survive and succeed in the short to medium-
term.

Assisted my seniors in shortlisting the suitable candidate for, Job-Title- Assistant manager reporting ,
department- Finance and accounts, location- Guragaon.

3)Assisted my senior to formulate recreational activities , like designing questionnaire for “The
Quiz , THANK GOD ITS FRIDAY!!

Formulation Of Educational Assistance Policies For Executive

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 PROJECT OBJECTIVE

I. To understand the functionality of human resource manager in an organization.

II. To identify the activities associated with human resource management.
III. To formulate, HR policies in an organization.
IV. Understanding key functions of HR :

 Recruitment and selection .

 Industrial and Employee Relations.
 Record keeping of all employees.
 Total Rewards: Employee benefits and compensation.
 Career development.
 Training and development.
 Performance Appraisal

Formulation Of Educational Assistance Policies For Executive

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 BODY OF THE REPORT

Formulating and designing of new kind of policy like the educational assistance program ,keeping in my
mind the industry practice .The importance of these policy , processes and steps involved to stategise and
formulate such policy in the organizations. The purpose of the educational assistance program is for
workforce planning and development.  It provides a tool for managers and employees to support academic
activities that directly relate to the organization's identified knowledge, skills, and behaviors (organizational
competencies), and which support the mission, vision, and values of the organization.  The educational
assistance program is not an employee benefit, right or entitlement; it is a management program for
workforce development.

In today's rapidly changing business environment, organizations have to respond quickly to requirements for
people. Hence, it is important to have a well-defined recruitment policy in place, which can be executed
effectively to get the best fits for the vacant positions. Selecting the wrong candidate or rejecting the right
candidate could turn out to be costly mistakes for the organization. Selection is one area where the
interference of external factors is minimal. Hence the HR department can use its discretion in framing its
selection policy and using various selection tools for the best result.The recruitment is the process of
searching for employment and stimulating them to apply for jobs in the organization whereas selection
involves the series of steps by which the candidates are screened for choosing the most suitable persons for
vacant posts.Thus HR policies for selection and recruitment were undertstood with the companies policies.

Understanding the value and administration for designing such policy under these parameters…….

 What is your organization’s vision for an educational assistance program and how will your policy
achieve that vision?
 What do your leaders want the educational assistance program to accomplish?
 Who will be eligible to participate?

 How should your organization structure financial assistance, i.e., will employees receive
reimbursement before or after course completion?
 How will you administer and manage the program, i.e., centrally or locally, in-house or outsourced?

Formulation Of Educational Assistance Policies For Executive

15
  Will your organization offer financial support of external educational or career advice, in order to
ensure efficient planning for and use of educational assistance funds?
 What kinds of professional expertise will your organization need to deliver and manage the
educational assistance program? How will you develop or contract for such expertise?
 What financial resources can your organization dedicate to this program?
 How will your educational assistance program support the broad array of educational options
currently available to employees, e.g., distance learning, credit by examination, prior learning
assessment, and so forth?
 How will you promote your educational assistance program to your employees.

FINDINGS/RESEARCH

Details of Educational Assistance Policies of Few organizations

( ASHLAND , CUMMINS ,IBM , ORANGE SERVICES ,AIRTEL)

Contents ASHLAND Cummins IBM Orange Bharti Airtel

Business
Services

Objective It will benefit the Learning and Help Employees The IN LINE WITH
OUR
organization. development to become more Human COMMITMENT
effective , meet Resource TOWARDS THE
Improve developmental s (HR) CONTINUED
employees job needs and also to Training DEVELOPMENT
performance . OF OUR
continue to work Centre of EMPLOYEES
in IBM. Excellenc AND TO
e (TCoE) PROVIDE THE
group is NECESSARY
IMPETUS
responsib TOWARDS
le for ACHIEVING THE
ensuring ORGANIZATION'
and S 2010 VISION
OF BEING THE
executing MOST ADMIRED
technical BRAND IN THE
and soft COUNTRY AND
skills A COMPANY
WHICH IS
training TARGETED BY
company- TOP TALENT
wide. We
work
closely

Formulation Of Educational Assistance Policies For Executive

16
 with
business
units,
Human
Resource
s (HR)
and other
Orange
Business
Services
and FT
groups in
developin
g and
delivering
appropria
te training
programs
.

Eligibility Full time Only for All full time All All permanent
employees.Emplo employees for all employees of Employees employees.
yees with at least Cummins entities IBM. .
six months of in India
continuous
service with the
company.

Part time
employees
averaging 24
hours per week.

Approval Policy may vary Relevant to Policy effective base  Continuing

Education
Criteria between divisions current job. from the 20 th training Policy(CEP) Higher
and departments feb,2008. on a education to
depending on Documented in “blended employees desirous
their needs, IDP. The assistance approach of pursuing further
shall be given to education while
budgetary ”  – e-
Consistent being in the
constraints. employees who learning, employment of
performance. apply for the instructor- Bharti Airtel
It is approved courses after led and
through an Absence of any joining the remote The employee
approved discipline or code services of the instructor- should fullfill
educational issue in last two company. led and the basic criteria
provider. years. leverage of eligibility in
technolog the executive
Availability of courses nad
y for
Budget at the should have
training.
BU/Entity. approval from
The his/her manager
employee
has to
apply on
the
intranet
portal
“STEP”
which is
further
approved

Formulation Of Educational Assistance Policies For Executive

17
 by
manager
and HR.

Reimbursem Upon successful 75% fee Approved part 100% full time
ent completion ,on reimbursement time courses reimburse executive MBA
time company with a fixed max which cost upto ment on fully
will reimburse limit which would rs.30,000, all the reimbursed. The
100% of the be course specific. company will Cisco certification
expenses directly reimburse 75% certificatio courses are also
related to course. of admission n. Orange fully
charges. has joint reimbursed. The
Additional For courses less partnershi candidate
reimbursable fees than a year , Maximum limit p with should agree to
include: reimbursement for Cisco for serve the
upon successful reimbursement Technical company for
First time completion.For is capped to Training. next 1 year after
enrolment courses over a RS.50,000. completion of
year , 50% Six Sigma the course.
Application fees reimbursement and ITIL
will be at each training is
Registration fees year, while inhouse
remaining 25% training
Other directly upon successful funded by
related Course course completion Orange
cost . and is
Vendor
based
training

courses of Post graduate ITI/diploma/degre Part Cisco Full time/Part

study qualification. e/masters//phd in time/correspond certificatio time MBA,
engineering or ence courses, n, Cisco
A graduate related field diploma, post Microsoft certification,
Diploma graduate certificatio ITIL, six sigma
MBA in a field diplomas, n, Sun
An undergraduate relevant to the graduate degrees Certificati
degree organization. MBA programs on, ITIL
related to six Sigma,
An associate Other relevant employee’s etc
Diploma professional present or future depending
qualifications in career in th on the
Completion of Finance/ company. No need of the
business, Accounts/law. full time employee
correspondence or
courses. and
vocational courses
benefit of
Preparation for a the
professional company
certification
examination e.g.
CPA

Eligible Acollege or Statutory British

insititute university universities,Govt. council for
accredited by the Technical communic
department of /Educational ation
education, Boards ,etc based
employment and trainings,
workplace Pearson
relations(DEEWR Vue for
) OR state based Cisco
Department of based

Formulation Of Educational Assistance Policies For Executive

18
 Education. certificatio
n, SUN
and
Microsoft
Labs for
Sun and
microsoft
trainings,
etc

Approved leave Leave for exams Leave employees are

for for actual and preparation rewarded granted full time
Leave examination. No for exams to the to the study leave
study leave in the extent of employee during full time
days leading upto privilege leave , of executive MBA
examination. not exceed 1 examinatio with stipend.
month at a time. n and Examination
course leave approved
classes. from HR on go
Employees ahead from line
are also manager
rewarded
over time
during
inhouse
training

Short courses- (Undergraduate Satisfactory Uploading 100%

competent (c) courses - grade c completion of the completion of
Definition of or higher courses. certificatio course.
successful Certificate level n number
completion courses pass Graduate courses and degree
(p)/Competent (c) –grade b or details on
higher)- global the Orange
Diploma and practice Intranet”S
above Pass (p) TEP”
First class or
equivalent of the
same -India

Documentati Prior to course No reimbursement Approval from Approval No

on registration , if above criteria is manager and from reimbursement
employee has to not met. upline manager manager without the
submit an prior to the and upline certificate and
educational employee manager approval of the
assistance enrolling into prior to the institute
application form course. employee providing the
(LDEA001)and enrolling degree or
repayment Documents into certificate
agreement confirming course.
(LDEA002) satisfactory
course Document
completion, and s
fees paid. confirming
Itemised Receipt satisfactor
from the y course
educational completio
institute showing n, and fees
the tution fees. paid.

Grade report from

institute.

Formulation Of Educational Assistance Policies For Executive

19
Employment Employee will Employment Not available 6 months MBA full time :
commitment repay 100% of commitment, bond after the 3 years bond
s any all amounts as period of training. with Bharti
educational minimum 2 years The Airtell on
assistance in the or equivalent to training completion of
event employment the course that are the course
is terminated whichever is held
within 1 year after higher , the period abroad, 1 Cisco
the completion of will be calculated year bond certification : 1
an approved after successful is to be year bond with
course. completion of the signed by Bharti Airtel on
course. the completion of
Employee will pat employee. the course
50%if
employment is
terminated after 1
year but prior to
two years.

Effect of Company may If bond is not Employee If bond is not

termination withhold any and honoured, recover has to pay honoured,
of all amounts to as per recovery back the recover as per
reimbursem secure clause (full pro reimburse recovery clause
ent repayment . rated d amount (full pro rated
@10%interest if he or @10%interest
rate) she rate)
violates
the Bond

Important Course does not NA NA NA NA

assure continued
Conditions services with the
company.

Formulation Of Educational Assistance Policies For Executive

20
 PROVISIONS TATA CONSULTANCY SERVICVES

All confirmed employees may avail of:

-full time programs ,that is ,programs that require leave and or/monetary assistance (for the
program)

-Part time programs, that is ,programs that may require flexi timings and /or monetary assistance.

 For full time time /part time degree programs

 Monetary assistance for degree program will include full or partial program/tuition
fees and examination fees to a maximum of US $5000
 Leave for educational/study purposes
 It is the responsibility of the employee to secure admission for the chosen program of
study
 All requests need to be recommended by the immediate supervisor and approved by
the Delivery centre/ Geography head at their discretion .This includes approval for
flexi hours.
 This facility will be available ona first come first serve basis to employees with a
consistent performance recod ,that is ,an annual performance rating of 3 and above
for previous 2 years .current and future business needs will also be a consideration for
approval.

Formulation Of Educational Assistance Policies For Executive

21
  Employees availing of monetary assistance will be required to sign an agreement to
serve TCSL for a mandatory period as follows

FINANCIAL ASSISTANCE MANDATORY SERVICES

Up to US $2000 /- or equivalent 6 months on completion of the program

From US$2001 to US$5000/-or equivalent 2 years on completion of the program

 Financial assistance post – approval of the application will be disbursed on

submission of the admission invite or proof of admission on to the course
 Successful completion of the course will imply that employee has been issued a
passing certificate or marksheet recording that the employee has passed the education
program for that academic year/session and is eligible to receive a degree.
 Employee availing of monetary assistance and not completed the mandatory service
period or not completing the program successfully for reasons other than resignation
or termination, will be required to repay the entire monetary assistance to TCSL.all
recoveries will be made from salary in a staggered manner decided by Head of
Compensation.
 In case of resignation or termination ,the employee must repayTCS immediately
.TCSL reserves the right to recover the same from the full and final settlement dues
and any shortfall must be repaid to TCSL by the employee
 Re –fitment on return to service after successful completion of the program will be
based on the compensation and promotion policy of TCS at the time of return and
will not be automatic.
 Any infrastructure required for the purpose of education(under this policy) may be
provided at the discretion of ad with the written approval from TCS.
 Annual maximum branch wise limits.

Formulation Of Educational Assistance Policies For Executive

22
Research about various courses for working executives.

Institute-IIM Calcutta

Course Name & Duration-PGPX (Post Graduate Programme for Executives )1 Year

Approx Fee-8 Lakh , Eligibility-Graduate, Minimum 5 years experience

Selection Process-GMAT Scores, Res./ Non Residential-Residential

Institute-IIM Calcutta

Course Name & Duration-19 Programme for Executives - 1 Year

Approx Fee-varies ,Eligibility-Varies

Selection Process-Varies ,Res./ Non Residential-Residential

Institute-IIM Bangalore

Course Name & Duration-Advanced Financial Risk Management Program

Formulation Of Educational Assistance Policies For Executive

23
 Approx Fee-1.6 Lakh ,Eligibility-Graduate, Minimum 2 years experience

Selection Process-CV and Interview ,Res./ Non Residential-Non Residential

Course Name & Duration-Executive General Management Programme Duration 7 to 8 Months

Approx Fee1.8 Lakh ,Eligibility-Graduate, Minimum 5 years experience

Selection Process -CV and Interview

Res./ Non Residential-Non Resident

Institute-IIM Lucknow

Course Name & Duration-Post Graduate MBA Programme (Part Time) - 3 Years

Approx Fee-1.5 Lakh ,Eligibility-Graduate (50%), Minimum 2 years experience

Selection Process-Written test, GD and interview

Res./ Non Residential-Non Residential

IIM Distance Learning: Establishing partnerships with IIM Kozhikode; IIM Bangalore; IIM Calcutta,
DiRECWAY Global Education has provided access to institutions with a strong history of quality
education facilitating IIM Distance Learning. DiRECWAY Global Education is the premier broadband
satellite based education and training service for consumers, small businesses and enterprise markets from
Hughes Escorts Communications Limited (HECL). DiRECWAY Global Education platform seeks to
define the next generation of Education, i.e., real time Interactive Onsite Learning (IOL) helping in
providing IIM Distance Learning Courses to working people.

Formulation Of Educational Assistance Policies For Executive

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Under the IIM Distance Learning, the courses offered are:

IIM Kozhikode: In May 2002, IIM Kozhikode became the first Management Institute In India to offer
aManagement Programme (Executive Management Education Programme - eMEP) over the Hughes
DirecWay platform. Over 500 professionals have taken up the 10-month programme.

Courses offered are: 

eMEP (PGCPM): Post-Graduate Certificate Programme In Management.
eMEP (PGCSM): Post-Graduate Certificate in Sales and Marketing.

With the aim of helping practicing executives, who are not in a position to join its long duration residential
education programmes, the Institute provides an opportunity through the Interactive Distance Learning
Mode.

In the year 2001, IIMK conceived a new model of management education for working executives. eMEP
programme marked the beginning of IIMK�s Interactive Distance Learning (IDL) activities and IIMK
pioneered management education through a synchronous interactive learning mode in the Asia Pacific
region.

IIM Calcutta: The Indian Institute Of Management Calcutta (IIMC) was established as the first national
institute for post-graduate studies and research in management by the Government of India in November
1961.

Courses offered are:

EPBM: A One-Year Executive Programme in Business Management.
PDSS: A one-year Programme for Development of Strategic Skills (PDSS).
PDSE: A one-year Programme for Development of Successful Entrepreneurs (PDSE).
PLAM: Programme for Leading and Managing (PLAM).

IIM Bangalore: The IIM Bangalore was established in 1973. Its world-class infrastructure provides the
foundation for its programmes of teaching, research, consulting and other professional services. 

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Courses offered are:
Executive General Management Programme (EGMP) for working executives.
Certificate Course on Finance for non Finance Executives.
Modular Programme on Practical Management of Indirect Taxation for Working Executives.

Institute-XLRI Jamshedpur-Course Name & Duration-Graduate Management Programme – 1 Year

Approx Fee-2.25 Lakh

Eligibility-Graduate and Minimum 3 years experience

Selection Process -XAT Test & interview

Res./ Non Residential-Residential

Institute-XLRI Jamshedpur- Course Name & Duration-Executive Post Graduate Programme– 3

Years

Approx Fee-3.05 Lakh ,Eligibility-Graduate and Minimum 3 years experience

Selection Process-XAT Test & interview, Res./ Non Residential-Residential

Institute- XLRI Jamshedpur

Course Name & Duration-Executive Fellowship Programme in Management– 4 Years

Approx Fee-0.90 Lakh, Eligibility-MBA, Managerial / Supervisory experience Minimum 3 years experience

Selection Process-Personal Interview,Res./ Non Residential-Residential / Non Residential

Institute-XLRI Jamshedpur 

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Course Name & Duration-Satellite Programme in Management – 14 Months

Approx Fee-1.8 Lakh

Eligibility-MBA, Managerial / Supervisory experience Minimum 3 years experience

Selection Process-Interview

Res./ Non Residential-Non Residential

XLRI, Jamshedpur and HughesNet Global Education, a division of Hughes Communications India
Ltd., have launched two programmes in Retail Management, and Sales and Marketing Management.
The company will deliver the 12-month PG certificate courses in Retail Management and in Sales and
Marketing Management via the HughesNet Global Education Interactive Onsite Learning platform
across 300 centres in 90 cities. The programmes are for graduates and working professionals. Each
programme will be delivered on the HughesNet Global Education Interactive Onsite Learning (IOL)
platform. The programmes will also involve 5-7 days of learning at the XLRI campus. The last date to
apply is in the month ofAugust.

Institute-FACULTY OF MANAGEMENT STUDIES (FMS) UNIVERSITY OF DELHI

Course Name & Duration-MBA (Part-Time) – 3 Years

Approx Fee-Rs 10,000 p.a.

Eligibility-Graduate, Minimum 3 years experience – Employer Sponsorship Required

Selection Process-Written Test and interview

Res./ Non Residential-Non Residential

Institute-Symbiosis Institute of Management-Course Name & Duration-Executive MBA – 2 ½ Years

Approx Fee-Rs 45,000 P.A., Rs. 75,000/- for sponsored candidates

Formulation Of Educational Assistance Policies For Executive

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 Eligibility-Graduate with 5 years experience

Selection Process-Written Test and Interview

Res./ Non Residential-Non Residential

SYMBIOSIS

Part-Time Programmes

The programmes have been developed keeping in mind the specific needs of the working professional. They
offer the professional the flexibility of timing as well as the rigorous course structure of a full time course

 Postgraduate Diploma in Marketing Management

 Postgraduate Diploma in Advertising and Communication Management
 Postgraduate Diploma in Human Resource Management
 Postgraduate Diploma in Finance, Banking and Financial Services
 Postgraduate Diploma in Operations Management

POSTGRADUATE DIPLOMA IN INSURANCE MANAGEMENT

ELIGIBILITY FOR ADMISSION

A Graduate from any Statutory University or any other recognized Foreign University
Selection Procedure: The selection of the students shall be on the basis of Entrance Test to be held on
31st May, 2009 (10.30a.m to 12.00 noon)
Entrance Examination: The paper will consist of Verbal Ability. There will be 100 questions to solved in 90
minutes
Intake: 40 seats each course.
Course Duration: The duration of the course is one year with two semesters.
Course Fees: Rs.30,000 to be paid in two installments.
Examination Fees: Rs.1,500 Per Semester.

MDI

GURGAON

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There is also an option for the executives or working people to get enrolled in courses in Kolkata.
Macmillan India offers online courses in collaboration with important educational institutes in India like
IIM, Kolkata, MDI, Gurgaon and IIT. The courses offered by the institution are:

Corporate Finance 
Duration: 3 months 
Certified by IIM, Kolkata

Finance for non finance executives

Duration: 3 months 
Certified by IIT Delhi, Dept. of Management Studies

International Finance
Duration: 2 months
Certified by IIT Delhi, Dept. of Management Studies

Supply Chain Management

Duration: 2month
Certified by IIT Delhi, Dept. of Management Studies

Customer Relationship Management

Duration: 2 Months 
Certified by MDI, Gurgaon

Online executive development programme IIT Delhi – Macmillan india collaboration 

(a)Finance for non finance executives

Duration: 3 months, Fee: Rs.6742

Course: The course is designed to introduce participants from non-financial background to basic financial
and accounting concepts. It includes extensive coverage of concepts such as financial statements, ratio
Formulation Of Educational Assistance Policies For Executive
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analysis, break-even analysis, cost concepts, decision-making, capital budgeting and an introduction to the
forex markets thereby providing the participants with an insight into financial management.

Eligibility: Managers / executives from junior to senior levels in non-financial functions in the private and
public sector from any manufacturing or service industry

(b) International Finance

Duration:2 months

Fee: Rs. 6742

Course: The course aims to provide participants a broad exposure to the different dimensions of financial
management in the international context with an emphasis on exchange markets, exchange rate, currency
derivatives, exchange risk management and international investment decisions. The course seeks to enhance
skills of the participants by providing comprehensive insights, case studies and online interaction.

Eligibility: Finance Managers / executives from industries such as manufacturing, Information Technology,
services, FMCG, PSUs, who are involved in decisions related to international finance. 

(c)Supply chain Management

Duration:2months

Fee:Rs. 6742

Course: The course is designed to equip the participants with concepts, tools and techniques of Supply
Chain Management (SCM) so that they may understand the strategy, operation and IT-enablement of the
supply chain they manage. It also aims at developing the decision-making capability in the SCM area. 

Eligibility: Executives working in logistics, courier, transport and various other industries. Supply chain
professionals including those engaged in Information Technology, research and development, and systems
development projects with supply chain applications. 

2.NIIT IMPERIA 

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(a)Management Development program

Six –sigma:Green belt Training

NIIT Imperia’s Green Belt training is among the most challenging and robust curricula offered. Our goal is
not to just train Green Belts, but to develop the very best Green Belts in the world. With that goal in mind,
we require both traditional work on a Six Sigma project concurrent to training, and expects students to take
exams and subject themselves to a challenging experience.

Fees: Rs. 15,000/-- plus applicable taxes (currently service tax of 12.36%). Fee to be paid at the time of
registering for the program. The above fee is inclusive of all academic charges, study material and working
lunch at NIIT Imperia centres. All fees are non-refundable.

Eligibility: Individuals carrying out Six Sigma Projects in their Operational area or as Team Members with a
Black Belt.

Duration: 5 Days

(b)Leadership  and team building IMT Ghaziabad

Leadership and team building are the two prominent issues which are the need of the hour and thus are
knotted as an integral focus of this programme. This 5 day programme will help participants to develop their
leadership potential and skills alongside skills in team building

Duration:5 days

Fees:  Rs. 15,000/-- plus applicable taxes (currently service tax of 12.36%).

Eligibility: Middle and senior level managers belonging to public and private sector organizations, services
sector, and public utilities will find this program extremely useful. Managers from organizations and
corporations with high emphasis on people/group driven activities will benefit from this program.

Content:

 • Team and team building process.  

• Identification of, and ways to, work through personal obstacles 

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• Trust building. 
• Communication and Assertiveness 
• Confrontation. 
• Effective and ineffective groups.  
• Managing relationships and conflicts in teams. 
• Team leadership and building team culture 
• Effective leadership and subordinacy. 
• Building effective teams. 
• Organizational success through personal effectiveness and teamwork. 
• Leading change in organisations.  
• Understanding and managing resistance to change . 
• Lessons from successful ‘Leaders’.  
• Various competencies and skills for managing task and people.  
• Visionary and inspirational leadership. 
• Interpersonal style and effectiveness

Certification

Candidates completing the Program will receive certificate of participation from IMT Ghaziabad.

3. Senior Management Programme: IIM Culcutta: Executive Management Programme 2008 - NIIT 

Senior Management Program - IIM Calcutta: Executive Management Programs- Enrollment January 2008

This is a one year program and has been designed specifically to equip senior executives with quantitative
tools and qualitative perspective so that they can make strategic decisions. The program is divided into two
modules–  the Introductory Module and the Advanced Module. The Introductory Module focuses on the
essentials of functional skills of management. The Advanced Module shifts focus to strategic thinking,
decision making, leadership styles, and managing business globally.

Who is eligible to attend?

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The Program has been designed keeping in mind Senior and Middle-level managers with more than ten
years of work experience. The Program will be most useful for managers newly taking on (or likely to take
on) senior management responsibilities, and for senior functional managers moving to general management
roles. Practising senior managers who wish to update themselves on recent management thoughts will also
find this program relevant.

 
Eligibility Criteria and Selection Process: 
Working managers with an experience profile of ten years or more, who are graduates (10+2+3 or
equivalent) in any discipline with 50% marks. Students would be selected on the basis of their performance
in the Program Aptitude Test to be conducted by NIIT Imperia, together with assessment of background and
motivation based on the application form submitted. 

Common Application and Selection Process: There is a Common Application and Selection Process for
students applying for any number of Programs. All candidates need to complete the Common Application
Form (CAF) as the first step in the admission process. 
Fees and Payment Schedule 
Program Fees: Rs 1,94,000/- 
The fees above are inclusive of all academic charges, including initial services, examinations, text-books
and study material. An additional amount of Rs 1500/day is payable towards boarding & lodging during the
intensive workshop at IIM Calcutta. All fees are non-refundable.Payments are to be made to NIIT Imperia,
by cash, cheque, demand draft, credit/debit card,ECS or EFT. A deferred payment facility exists with the
following schedule: 
On Registration Rs 59,000/- 
On 1st of Mar'08 -Rs 45,000/- 
On 1st of May'08 -Rs 45,000/- 
On 1st of July'08 - Rs 45,000/-  
A Customized Education Loan scheme has been worked by NIIT Imperia with Leading Banks in order to
enable students to pursue these programs. The scheme is innovatively designed to enable working
executives to spread out the repayment. 

4.IIM KOZHIKHODE 

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Executive education Program in strategic management. 
 

  PProgramme Structure and Curriculum

Spread over one year, it covers fundamental, competency related and integrative courses, structured to be
delivered in about 225 hours. The 13 courses offered are meant to impart management knowledge and skills
to the participants covering the latest concepts and techniques in the specific functional area of business.
Faculty from IIMK and distinguished visiting faculty from other reputed academic institutions and industry
will handle these courses. 

The curriculum of eEPSM is given in the table below:

1. Fundamental courses: These courses provide the participants with the basic concepts underlying the
strategic management process.
2. Competency courses: These courses impart the skills and competencies that are needed to pursue
strategic activities of the organization
3. Integrative courses: These are capstone courses that try to integrate the learning in the programme

 Fundamental courses

o Strategic Management (SM)

o Strategy Implementation (SI)
o Business Environment (BE)
o International Business (IB)
o Corporate Governance (CG)
o Competency courses
 Integrative courses
o Mergers, Acquisitions & Strategic Alliances (MASA)
o Management of Technology & Innovation (MTI)
o Managing Change & Transformation (MCT)
o Management of Service Business (MSB)
 The Programme will be delivered in 2 key components: 36 hours of classroom learning through In-
campus Modules and 189 hours of classroom learning through Interactive Distance Learning
o Models & Frameworks of Strategic Analysis (MFSA)
o Competitive Intelligence (CI)

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 o Management Control Systems (MCS)
o Entrepreneurship & New Ventures (ENV)

  FEE: The Programme Fees for eEPSM Rs. 1,07,000/-

Additional Charges for books/reading material, Learning Management Support, Library and
computer facility at IIMK Campus, etc.). Rs 17,000/-The fees do not include the expenses of travel
and stay in Kozhikode for the compulsory modules conducted at the IIMK campus in Kozhikode for
one week each during the each term.

             Duration : 1 year

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 BIBLIOGRAPHY:

Websites:

WWW.VALVOLINECUMMINS.COM

http://www.iimahd.ernet.in/contactus.htm

http://www.iimb.ernet.in/

http://symbiosis.ac.in/

http://www.xlri.ac.in/

www.ifebp.org 

Magazines:

1.Human Factor

2.HRM Review(ICFAI)

Books:

1 Human resource management Gary Dessler

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 Conclusions

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