Indian Institute of Management, Trichy Managing Organizations Term 1 – Project 1 – Final Report Project Topic: To understand the structure, process and culture of a real life organization Organization: Grant Thornton India LLP Batch: PGP 2016-18 Section - A Team members Name Roll Number Ankit Ujjwal 1601009 Archit Bisht 1601010 Dwaipayan Chakraborty 1601017 Dhananjay Mehendale 1601025 Reshma Rayadurgam 1601039 Vinay M. 1601053 Table of Contents Serial Number Topic covered Page Number 1 About Grant Thornton India 3 2 Organizational Design 3 3 Organizational Environment 4 4 Organizational Strategy 5 5 Organizational Structure 6 6 Organizational Culture (including primary data survey) 9 7 Analysis and Critique 12 About Grant Thornton in India …show more content…
They have an experienced and dedicated team with knowledge across industries and a critical understanding of commercial and emotional issues involved through the sales process. Functional Level Strategy: Grand Thornton has developed a strategy to differentiate themselves from the Big Four. The group describes themselves as ‘Advisers to the independently minded’ and pride themselves in being responsive and flexible. This serves as their source of recruitment strength. Employees who want to work independently with free mind seek the opportunity to join Grand Thornton. Over the past 3-4 years, the company has heavily invested in talent management practices to retain and develop its valuable employees. The company has designed a centralized National Training Centre which monitors progress of each employee and holds data on their performance. Their objective is as follows: • Redefine competencies • Improve management processes • Improve local staff development • Introduce career management processes for those who have gone through development
Company has evolved to handle joint ventures, but not all of them turn into successes.
Training for employees on key areas are the foundation for well-prepared workforce and will lead to a stable structured organization. The main objective of this type of training is to help to illustrate the importance of training and why achieving the proposed goals is so important for the success not only of the employee but of the entire company.
Training and Development is imperative to the organization’s progress. Training helps addressing employee weaknesses and builds a reliable and skilled workforce. This will improve the employees’ performance and boost their self confidence, and innovation. By acquiring the needed knowledge and skills, employees can perform more efficiently and increase the overall productivity of the organization.
Talent management tend to be critical, however most of the organizations end up flounder in the case of effectively leveraging a state of the art technology solution. The basis of the difficulties comes from the business benefits that have sharply diminished in the event of failure by the organization to take advantage of talent solutions that have integrated completely with the core human resource system of records as well as with one another, (Bill Millar, 2007). Due to this, organization will always fail to have a decided competitive advantage on the part of
This paper is going to describe OCBC’s unique approach to talent management and development. Compare OCBC’s approach to talent management and development to other organizations you are familiar with (e.g., current or past employers, a family business). Explain how OCBC’s approach to talent management and employee development been a primary contributing factor to the firm’s success. Evaluate the extent to which OCBC’s approach to talent management and development fits other organizations or industries, including some limitations if applied elsewhere without modification.
Knowledgeable and well trained employees are needed in every organization. It is important employees are able to perform all the tasks needed in order to reach the organizations needs and achieve the set goals. As times change, employees may stay behind in skills or may even lack training when it comes to new systems, technology or other procedures that the company may need in order to better performance. That is when the importance of training is more evident. An organization has a large responsibility for their success which is why training, development, and career development is
Training is an important facet of developing and managing human resources at any organization. Training should improve not only organizational efficiency and employee productivity but it must also improve employee skills and make employees feel valued. At Clapton Commercial Construction (“CCC”) Company’s Arizona location, it is important for the company to hire and retain good employees. To that end training and development should be essential and consistently provided to employees at all levels of the organization. Training program should be designed so that it is tailored to the particular function the employees perform in the company, and also so that the company as a whole works as a
I believe the strengths I would bring as an intern at WellStar would be communication, flexibility, and willingness to learn.
“In order to develop required human resource competencies, organizational leaders need to align the selection, training, development, and removal of employees with the behavioral requirements of the desired change” (Spector, 2010, p. 102). Having a focus on training can be an important part of helping employees understand how their competitive environment is changing. Along with the importance of changing their behaviors.
Located towards the north of the Vale of York is Northallerton, a market town surrounded by a mix of hilly terrain and rich agricultural flatlands. As the administrative hub for the local District of Hambleton, jobs in Northallerton centre on the public sector, with notable support from the commerce, agriculture and light industries. The town's 17,000 residents enjoy easy access to the picturesque North York Moors and Pennines, where opportunities for relaxing walks, mountain biking and a range of other fun leisure activities are never far away. Properties in Northallerton sell for a similar average price to local Thirsk, at around £200,000 according to rightmove.co.uk.
The most intriguing idea that come into my view of talent management is an achievement, put into practice of talent management to review staff meeting. For discussion in relation to talented staffs and building their knowledge, expertise and possibility introducing to other managers in separate sections of the business. As well as the potential to utilize make growth of inside talent is magnified for equally the business and the talented workers.
A strategic management program is imperative for any successful business in today’s company environment. Organizations are willing to spend not only time, but also invest millions of dollars in the talent management programs because of the obvious benefits the programs create such as employment engagement, customer satisfaction, absenteeism, turnover, employee loyalty, and union avoidance. Talent management programs consists of many critical components that when organized properly foster a setting of continuous growth and success. These components of an effective program include: 1. Onboarding 2. Training and development 3. Performance management 4. Employee engagement 5. Succession planning 6. Mentorship 7.Work Life/Balance 8. Offboarding. Organizations must ensure that they have the human resources capabilities readily available to meet the current and future requirements of an ever changing demand. Therefore, having a strong talent management program is critical and incorporating each of these components will ensure that the talent management program is successful.
Talent acquisition, retention and development is becoming into the range as one of the most critical elements of Human Resource Management. For years, companies have struggled to capture market share through economization and downsizing, while growth had seemed to take a backseat. New technology and tools are now available to address attracting, developing and retaining talent.
Most organizations do not follow-up on the benefits of training as regards staff performance. As a result of this they don’t take training and development as an important factor in organizational growth and survival. Most manages do not know how to assess the return on investment in training, nor are they equipped with the necessary management tools to monitor the decision making process of such investment. It has been discovered that training and development budget is the first cut when the organization is faced with difficulties because most of them are of the opinion that investment in the area of training and development is not linked to the bottom line of the business. Globalization and rapid technological development has changed the conditions for companies and increased competition in the world markets. The quality of a company’s human resources is the key driver for sustained top-level performance. It has become crucial to continually invest in human resource development in order to guarantee success in the global market. As earlier said, managers engage in minimal training thereby not giving quality training to their employees, this in turn affects the overall outcome of the training and the performance of the staff. Most organizations that have a competitive image see more reasons to train their workers than those who are on the lower rung of the ladder of recognition, but training and development is still needed to create a niche. In the light of the above,
The North Face was founded in 1966. In 2000, after facing serious financial and distribution problems,