HR Case Study on MAJIK ISPAT Ltd

By: U313016 Jagadisha Behura U313019 Kislaya Gopal U313021 Kumar Indrajeet U313023 Mahan Hnashraj U313025 Marathe Aditya U313025 Kishore Mohanty

The company under observation is MAJIK ISPAT Ltd engaged in manufacturing of Iron rods, elctrodes, wires and TMT bars situated in Jharkhand.

More than 500 employees Rapid growth

Increase in production Increase in employees

Forecast of labor demand

Forecast of labor supply

Forecast of labor surplus or shortage

Goal setting and strategic planning

Program implementation and evaluation

Determining demand of labor

Determining labor supply

Determining labor surplus and shortage

Predicting future staffing needs

Managerial Estimates Sales Projections Simulations Vacancy Analysis (projected turnover)

Predicting worker flows and availabilities

Succession or Replacement Charts Skills Inventories (use of HRIS) Labor Market Analysis Markov Analysis (Transition Matrix) Personnel Ratios

Level Top Management Mid Management Low Management Skilled Workers Semi skilled Workers Total

No of Employees 10 15 30 345 600 1000

Turn % 20% 20% 30% 20% 10%

Expected Vacancies 2 3 9 69 60 143

Expected to remain 8 12 21 276 540 857

AVERAGE TURNOVER PERCENTAGE = 143/1000=.0143

Capacity for Growth Preference and Interests

Membership and Achievements

Job History Education and Skills

Perso nal Data

Top Management Mid Management

Lower Management

Skilled Workers

Semi-Skilled Workers

Recruitment Process
Semi skilled workers: Walk in candidates Advertisements Agencies

Skilled workers: Application Bank Walk in candidates Advertisements Promotion

Management : Advertisements Personal contacts/ Employee Referrals Internet Promotion

OBJECTIVE

Multifaceted approach in Training and Development of employees Training Focus Areas Induction Training Skill development programmes Development in managerial competencies and leadership elements, especially for the officers On-the-job assignments, working in small groups Improving soft skills through Knowledge sharing sessions, seminars etc. Training of leading-edge knowledge and skills for building organizational capability

 Safety training, should be given utmost importance as Safety is a thrust area of focus for the Company. Every job shall be assessed for the risk involved and shall be carried out as per authorized procedures/checklist. Working with necessary protective equipment.

THANK YOU