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COMPANY OVERVIEW Videocon Industries Limited is a large diversified Indian company headquartered in Mumbai.
The Videocon group's core areas of business are consumer electronics and home appliances.
They have recently diversified into areas such as DTH, power, oil exploration and telecommunication..
The group has 17 manufacturing sites in India and plants in China, Poland, Italy and Mexico .
It is third largest picture tube manufacturer in the world.
With Annual turnover of 5 billion USD, making it one of the largest consumer electronic and home appliance companies in India.
Videocon is one of the largest CPT Glass manufacturers in the world, operating in Mexico, Italy, Poland and China.
Consumer durable sector contribute 14.8% to countries economy
Favorable demographics; 64% of the population in working age category
Increasing affordability and declining prices of products
Increase in disposable incomes; which drives consumption
Availability of new products and technologies
Increasing Urbanization, nuclear families
Easy financing schemes
Increase in organized retail
Key growth drivers
Business Finance
COMPONENTS yr 2013 yr 2011 yr 2010 yr 2009 yr 2008
Gross Profit Margin(%) 12.01 14.83 14.84 14.15 17.75
Net Profit Margin(%) -0.38 4.28 5.15 4.35 9.99
Debt Equity Ratio 2.17 1.88 1.26 1.28 1.19
Direct Cost 15,208.6 10,180.3 11,572.8 7,301.5 7,363.0
Indirect Cost 1,823.93 88.37 113.08 82.3 30.59
Working Capita Required 424.35 526.62 341.54 286.78 228.73
Fixed Assests Added During The Year 12,122.2
Competencies
HR MANAGER•Communication•Analytical and Critical Thinking•Relationship-Building•Leadership•Decision making•Optimistic
FINANCE MANAGER
•Professionalism and ethics•Governance, risk and control•Stakeholder relationship management•Strategy and innovation•Leadership and management•Audit and assurance•Taxation.
MARKETING MANAGER
•Customer Engagement Strategy•Contextual intelligence •Adaptability•Inter personal skill•Negotiation power
TRAINING NEEDS AT VIDEOCON INDUSTRIES
Reasons behind Training Needs
•Arrival of new technology
•Promotion within the organization
•Needs of additional hands with increased production of product and services
•New employees need of training because of inexperience.
•Old employees need of training for refreshing
•Reduce working time, Supervision, spoil Wastage, Produce and improve production and reduce learning time
•Reduce grievances, accident rates and raising morale.
Performance Appraisal
Establishing Performance Standards (KRA)
Communicating the standards (COMPONENTS OF KRA)
Measuring the actual Performance (RATING)
Comparing the Actual with the Desired Performance (GAP ANALYSIS)
Discussing Results (REWADING, TRAINING. TRANSFER, TERMINATION)
Grievance Handling
Grievance are one of the most common problem faced by the employee of almost all the organization, thus it is one of the most common problem with which any HR need to deal with. Thus there are various ways to handle it such as :
•Conduction interview
•Questionnaire
•Open door policy
•Suggestion box
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