Saturday, April 19, 2014
Internship Report on Bismillah Fabrics Ltd 2013-2014
Executive Summary
The internship
program is arranged as a partial degree requirement by university it is to
enhance the student’s ideas and knowledge about actual professional life and
how to implement the knowledge earned into practical situations often involving
quick decision making. To improve my professional knowledge and educational
skills I performed my internship at Bismillah fabrics Ltd Faisalabad. The
company is responsible for making bed linens, duvets and curtains etc. for
national and international market. The company has several quality assurance
certificates to its name.
During my
internship program I have performed different tasks in accounting, marketing
and HR department of Bismillah fabrics. Page number 4 holds all activities I
have performed in Marketing department, similarly from page 6 I have included
all my duties performed in the HR or administration department and page 7 has
all my task activities performed in accounts department. I have noted during
the time of my internship program that several problems are faced by employees
in the organization like the training system of the organization is not
satisfactory. Employees are not involved in decisions related to their job and
the organization as a whole. Customer relationship management system is not
effective and customers’ complaints against products are not fully accomplished
by the company. The SWOT analysis performed for the company shows that the
company has some threats and weaknesses that needs improvement and how the
company can use its strengths to obtain the opportunities.
The Textile
industry in Pakistan is the largest manufacturing industry in Pakistan. It has
traditionally, after agriculture, been the only industry that has generated
huge employment for both skilled and unskilled labor. The textile industry
continues to be the second largest employment generating sector in Pakistan.
Pakistan is the 8th largest exporter of textile products in Asia. This sector
contributes 9.5% to the GDP and provides employment to about 15 million people
or roughly 30% of the 49 million workforce of the country. Pakistan is the 4th
largest producer of cotton with the third largest spinning capacity in Asia
after China and India, and contributes 5% to the global spinning capacity. At
present, there are 1,221 ginning units, 442 spinning units, 124 large spinning
units and 425 small units which produce textile products.
The Textile
Industry is dominated by Punjab. 3% of United States imports regarding clothing
and other form of textiles is covered by Pakistan. Textile exports in 1999 were
$5.2 billion and rose to become $10.5 billion by 2007. Textile exports managed
to increase at a very decent growth of 16% in 2006. In the period July 2007 –
June 2008, textile exports were US$10.62 billion. Textile exports share in
total export of Pakistan has declined from 67% in 1997 to 55% in 2008, as exports
of other textile sectors grew. The major reason of decline of textile export of
Pakistan is the Govt unhealthy policies. Sui Northern Gas Pipelines Ltd. »
(SNGPL) notified the textile mills to reduce the supply of gas for five months.
Head of All Pakistan Textile Mills Association of Enterprises Anis-ul-Haq has
expressed concern about the decision: “Now is the time to the textile industry
out of a three-year downturn. The demand for textile products is growing, and
if we are not able to fulfill our current orders, we will lose international
buyers. “Monthly loss the textile industry because of interruptions in gas
supply could reach about U.S. $ 1 billion, or 4 – $ 5 billion for the fiscal
year ending June 20 next year The archaeological surveys and studies have found
that the people of Harappan civilization knew weaving and the spinning of
cotton four thousand years ago.
a.
Nature
of the Organization
A Bismillah fabrics Limited
is a Yarn Manufacturing
unit, which produces pure cotton and Pc (Polyester + Cotton) yarn to use in
fabric and hosiery units. The product nature is industrial consumable product which
is used in clothing and garments manufacturing purpose as per demand and desire
of market.
b. Business Volume
Assets(Current + Fixed)
|
US$ 2.7 Billion
|
PKR 164.7 Billion
|
Loans
|
US$ 1.7 Billion
|
PKR 103.7 Billion
|
Deposits
|
US$ 2.3 Billion
|
PKR 140.3 Billion
|
c. PRODUCT LINE
Product
is something like goods or services which have an ability to satisfy the needs
and desires of the customers and which are offered for selling purpose in the
marketplace.
Product Line:
Produces yarn of different counts and blends
with the same brand name as “EAGLE” brand. Following are the main products
which are offered in the market with the “EAGLE” brand name.
- Bed in a Bag
- Comforters
- Sheets sets
- Duvet cover sets
- Curtains
·
Direct from quota system
·
Indirectly by human resource management
Sources of candidates (External and
internal sources)
The
candidates are driven from both internal and external sources. These may
include the internal hiring, job rotation and job enrichment. The external
sources may involve the external hiring agencies or hiring through job ad which
helps in hiring the people.
Internal source
In
this source, the Bismillah Fabrics vacancies in upper level management could be
filled, by promoting lower level to upper level. Major forms of recruiting are
under below
1.
Job posting
2.
Promotion from with in
3.
Contacts and referrals
External source
There
are some needs of the employees that the company should cover outsourced.
These
include, filling entry-level jobs, acquiring skills that have no current
obtaining employees and employees with different backgrounds to bring new
ideas. These source might be include
- Competitors
- Community colleges
- Colleges and universities
- Self-employed workers
- Newspapers
- Broachers
- Contacts
- Newsletters and Articles
The Selection process
Selection Test
All
regular and contract candidates for the range I, II and III must undergo a
screening test organized by HRD / TDC. Those who get 6 0% or above the points
(considering two brands of grace) will go to the next step in the process of
hiring.
Selection Go through:
·
Written
test
·
Psychometric
testing
·
Selection
interview
·
Panel
interview
·
Medical
examination of the new joiners
·
Issue
of offer letter
·
Verification
of antecedents
·
Probationary
period & confirmation of service
Training need assessment
The
objectives of the training activities have to be aware of employee’s latest
knowledge and professional skills in all areas of banking, and to reinforce the
passion for the highest quality of customer service at all levels.
Following
sources are also helpful for training and assessment HR department
ü
New technology
ü
Customer complains
ü
Interview with managers
ü
Customer satisfaction survey
ü
Employee complaint
ü
Company records
ü
Observation etc.
ü
Self-assessments
Employee
development
For the development of an employee of an
Annual Training Plan will be distributed by Human Resources in December the two
Centers for Training and Development, taking into account the needs of
different departments of the Bismillah Fabrics identified through the annual
evaluation form and feedback from the Audit Division. The plan lists all the workshops,
courses and seminars offered during the next year.
Minimal
training for all that is required for all Bank employees to attend at least two
days of training in a calendar year. Departments are to submit their
nominations for the courses in advance (as prescribed by the training in
question and DevelopmentCenter). The employees are encouraged to take
initiative and get nominated by their supervisors for training courses relevant
to their needs
Factor in the performance management
there are certain aspects on which the Bismillah Fabrics has a special care,
these are
·
Professional Knowledge
·
Improving corporate culture
·
Decision making ability
·
Ability to visualize and plan
·
Ability to act in emergent situation
·
Ability to implement decisions
·
Ability to guide and create team work
·
Communication skills
·
Customer relationship
·
Acquaintance with technological
improvement
Setting performance standards and
expectations
Performance
Standards provide the employee with specific performance expectations for each
major destination. Are observable behaviors and actions that explain how the
work will be done in addition to the results expected for satisfactory job
performance? They tell the employee what good work looks like. The purpose of
the performance standard is to communicate expectations. Bismillah Fabrics to
set performance standards, keeping the following points in intelligence
- What does a good job look like?
- How many or how much is needed?
- How long should it take?
- When are the results needed?
- How accurate or how good is acceptable?
- Are there budget considerations?
- Are there safety considerations?
How performance reports are
written
Employee
performances are written in the following table after a meeting at which it
applies Manager and Operations Manager in the discussion is done in the
performance of employees.
Employee Compensation and
benefits
Employee compensation is provided on the
basis of pay rolls, job securities and credit funds.
Benefits also involve the insurance policies and mutual funds of married
people. These also involve the social security’s, family and medical
allowances. Health insurances, pension plans and disability insurance.
Other benefits to its
Workers
- Advance against Salary
- Accommodation facility
- Furniture facility
- Fuel allowance
- Mobile phone Facility
- Car facility to its executive officer
- Car repair and maintenance facility
- Provident Fund
- Reward on according to performance
- Staff insurance
- Health facility
Organizational Career
Management
Employee Job Changes
Job changes in the classified service
shall be in accordance with Bismillah Fabrics service rules and regulations.
Any person appointed or promoted must be certified as qualified in accordance
with and subject to the rules of public administration and regulations. The
State Personnel Director will manage the certification of all appointments and
promotions.
Job changes with the organization
It has been
identified according to organization rules and regulation; job also might be
change with the organization when any worker achieved a chance of promotion in
any other company, he or she will leave the present company but according to
Bismillah Fabrics terms and condition, If any worker could meet the Bismillah
Fabrics rules, he or she are allow to changes their jobs.
Promotion
Bismillah
Fabrics has some terms and condition for employee promotion, promotion to low
grade to high grades; it is depend on some vital factors
1.
Bismillah Fabrics cover policy of promoting certain
number of workers in specified salary ranges to maintain a balance between
numbers of employees in several ranges
2.
Requirements arising from operational units for senior
staff according to their operational needs, depending on their current
assignment.
Transfer
Periodic
rotation of staff between different assignments is used by the Bismillah
Fabrics as a means of expanding areas of specialization of the staff concerned.
This is also done to ensure a smooth transition from one job to another in case
a staff member leaves the job or is transferred to another job or location.
Demotion
Bismillah
Fabrics is forced to demote employees when they downsize or reorganize. This is
frequently with mergers, when staff suddenly becomes redundant due to the
nature of the merger. In this case, the organization may want to retain the
employee because he or she is valuable, but the bank must move the employee to
another department. In most cases, the company tries to keep the move
temporary, and it will often endeavor to keep the rate of pay the same as well.
Author: Mohammad
Mohammad is the founder of STC Network which offers Web Services and Online Business Solutions to clients around the globe. Read More →
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