human resource development

104
PREFACE “Learning Categories you, and practicing on that learning specialize you” The importance of any academic courses would gain advantage and the acceptance of the true form, only through practical experiences. Hence it is quite necessary to put theories as into task. Someone has greatly said that practical knowledge is far better than classroom teaching. During this project I fully realized this and come to know about the present real world .The present report entitled as “Correlates of HRD climate in Indian organization’s’’ a fruitful outcome of my research done during the course of my fourth semester of MBA programmed. This research report forms an integral part of my MBA degree course at Technical Education Research Institute, P.G. College, Ghazipur. Human Resource Development is the key department of the any business. Human Resource Development is the main part behind the company’s success or failure. Personnel management is that part of management, which 1 | Page

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Page 1: human resource development

PREFACE

ldquoLearning Categories you and practicing on that learning specialize yourdquo

The importance of any academic courses would gain advantage and the acceptance of the true

form only through practical experiences Hence it is quite necessary to put theories as into

task

Someone has greatly said that practical knowledge is far better than classroom teaching

During this project I fully realized this and come to know about the present real world The

present report entitled as ldquoCorrelates of HRD climate in Indian organizationrsquosrsquorsquo a fruitful

outcome of my research done during the course of my fourth semester of MBA

programmed This research report forms an integral part of my MBA degree course at

Technical Education Research Institute PG College Ghazipur Human Resource

Development is the key department of the any business Human Resource Development is the

main part behind the companyrsquos success or failure Personnel management is that part of

management which concerned with people at work and with their relationship within an

enterprise

The Aims and Objectives of this research are to have an in-depth knowledge of the HRD

climate in India I have tried my level best to make it simple and understandable The

findings were in favor of HRD being vital for the Indian organization and they are not

diminishing in todayrsquos world but they are at the booming stage and every organization

would want to use HRD The research deals with basics of HRD and its climate affect in

organization The first chapter is dedicated to the introduction of the HRD history of HRD

and its climate functions of HRD and definition of HRD It also deals the factors affecting

the HRD This chapter gives detail about the HRD climate with reference to pharmaceutical

1 | P a g e

industries It also deals the challenges and problems come at the time of human resourse

development The second chapter deals with the Objective of the study and Importance of the

studyamp also included the Scope of the study The third chapter is a summary of the various

research methodologies used for the development of the project The methodology used for

the implementation of the assigned project is based on secondary data The whole study is

based on secondary data The fourth chapter deals the data analysis and interpretation Chapter

five deals with the findings and recommendations related to the research report The

conclusionamp Limitation of the project is provided in chapter six and this chapter also deals

with the Bibliography amp Reference of this project

Shivani Srivastava

2 | P a g e

ACKNOWLEDGEMENT

Before I thank anybody for the compilation of this work I would like to thank Almighty for

providing guidance and me all the necessary help It is grace only that I have completed this

work

An understanding of the study like this is never the outcome of the efforts of an individual

rather it bears the imprint of a number of individuals who directly helped me in completing

the present study

First amp foremost I would like to express my regard to Mr Rahul Anand Singh (HOD of

MBA) and Dr Neetu Singh the training amp placement-in-charge and the honorable

Readers of MBA Department for this constant encouragement and support I would also

like to express immense gratitude towards supervisor Dr Neetu Singh for providing the

knowledge guidance and cooperation in research report

I am also sincerely thankful to all my friends for giving me opportunity and resource to work

on the research report and giving me support whenever necessary

Shivani Srivastava

3 | P a g e

INTRODUCTION

HRD Philosophy The patterns of relationships at work reflect the HRD philosophy In some

organizations the practices and philosophy of HRD are perpetuated by the managers who are

encouraged to follow the role model of their seniors In the process of organizational

socialization they internalize the values and attitudes of their leaders The entire process is

thus institutionalized This is somewhat akin to the kind of apprenticeship prevailing in

Japanese organizations to prepare young people for positions of responsibility Human

Resource Development is the key department of the any business Human Resource

Development is the main part behind the companyrsquos success or failure Personnel

management is that part of management which concerned with people at work and with their

relationship within an enterprise he men and women who make up an enterprise and having

regard for the well being of individual amp of working groups to working groups to enable

them to make their best contribution to its success

The meaning of Human resource management labor management or staff management

means quite simply the task of dealing with human relationship within an organization

Human resource Management is a continuous process It cannot stop Personnel management

is a never-ending process It helps in achieving objectives of company This is done by proper

4 | P a g e

perform of personnel function like recruitment selection training amp development labor

activity motivation welfare etc it also helps to keep a smooth relationship between

employers amp employees If we need to find a way to develop employees in order to become

effective contributors to the goals of an organization we need to have a clear view of what an

effective contribution would look like The use of personal capacities can be very helpful in

describing the way in which an effective employee should operate and behave but there can

be no general prescription of an effective employee Effectiveness will differ with

organizational context and on whose perspective we are adopting The matter of what

finally makes an effective employee is a combination of personality natural capabilities

developed skills experience and learning The process of enhancing an employeersquos present

and future effectiveness is called development If we need to find a way to develop

employees in order to become effective contributors to the goals of an organization we need

to have a clear view of what an effective contribution would look like The use of personal

capacities can be very helpful in describing the way in which an effective employee should

operate and behave but there can be no general prescription of an effective employee

Effectiveness will differ with organizational context and on whose perspective we are

adopting The matter of what finally makes an effective employee is a combination of

personality natural capabilities developed skills experience and learning

Meaning of HR+ D+ Climate

HR means employees in organization who work to increase the profit for organization

Development it is acquisition of capabilities that are needed to do the present job or the

future expected job After analyzing Human Resource and Development we can simply

stated that HRD is the process of helping people to acquire competencies

Climate this is an overall feeling that is conveyed by the physical layout the way employees

5 | P a g e

interact and the way members of the organization conduct themselves with outsiders

ldquoOrganizational climate is a set of characteristics of an organization which are referred in the

descriptions employees make of the policies practices and conditions which exist in the

environmentrdquo An organization became dynamic and growth oriented if their people are

dynamic and pro-active Through proper selection of people and by nurturing their dynamism

and other competencies an organization can make their people dynamic and pro-active To

survive it is very essential for an organization to adopt the change in the environment and

also continuously prepare their employees to meet the challenges this will have a positive

impact On the organization what is needed to Develop Organizational Climate in

Organization Human resources climate refers to a set of measurable properties of the work

Environment that are perceived by the people who live and work in it and that influence

their motivation and behavior Human resources climate description that have been

determined to significantly impact an organizations profitability and productivity are

flexibility responsibility standards rewards clarity and team commitment At individual

employee level the concept is human resources climate which is formed by individual

perceptions are often aggregated or collected for analysis and understanding at the team or

group level or the divisional functional or overall organizational level As stated above it is

not possible to completely separate the human resources climate system from overall

organizational climate In the present study the human resources climate is considered as part

of organizational climate There are several approaches to the defining the concept of human

resources climate However there are two related difficulties in defining the human resources

climate The first difficulty is how to define climate and second is how to measure it

effectively on different levels of analysis The success of an organization is equally

determined by the skill and motivation of its members as by any other factor This fact that

memberrsquos motivation and skill is most important in success is well-known in the literature on

6 | P a g e

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 2: human resource development

industries It also deals the challenges and problems come at the time of human resourse

development The second chapter deals with the Objective of the study and Importance of the

studyamp also included the Scope of the study The third chapter is a summary of the various

research methodologies used for the development of the project The methodology used for

the implementation of the assigned project is based on secondary data The whole study is

based on secondary data The fourth chapter deals the data analysis and interpretation Chapter

five deals with the findings and recommendations related to the research report The

conclusionamp Limitation of the project is provided in chapter six and this chapter also deals

with the Bibliography amp Reference of this project

Shivani Srivastava

2 | P a g e

ACKNOWLEDGEMENT

Before I thank anybody for the compilation of this work I would like to thank Almighty for

providing guidance and me all the necessary help It is grace only that I have completed this

work

An understanding of the study like this is never the outcome of the efforts of an individual

rather it bears the imprint of a number of individuals who directly helped me in completing

the present study

First amp foremost I would like to express my regard to Mr Rahul Anand Singh (HOD of

MBA) and Dr Neetu Singh the training amp placement-in-charge and the honorable

Readers of MBA Department for this constant encouragement and support I would also

like to express immense gratitude towards supervisor Dr Neetu Singh for providing the

knowledge guidance and cooperation in research report

I am also sincerely thankful to all my friends for giving me opportunity and resource to work

on the research report and giving me support whenever necessary

Shivani Srivastava

3 | P a g e

INTRODUCTION

HRD Philosophy The patterns of relationships at work reflect the HRD philosophy In some

organizations the practices and philosophy of HRD are perpetuated by the managers who are

encouraged to follow the role model of their seniors In the process of organizational

socialization they internalize the values and attitudes of their leaders The entire process is

thus institutionalized This is somewhat akin to the kind of apprenticeship prevailing in

Japanese organizations to prepare young people for positions of responsibility Human

Resource Development is the key department of the any business Human Resource

Development is the main part behind the companyrsquos success or failure Personnel

management is that part of management which concerned with people at work and with their

relationship within an enterprise he men and women who make up an enterprise and having

regard for the well being of individual amp of working groups to working groups to enable

them to make their best contribution to its success

The meaning of Human resource management labor management or staff management

means quite simply the task of dealing with human relationship within an organization

Human resource Management is a continuous process It cannot stop Personnel management

is a never-ending process It helps in achieving objectives of company This is done by proper

4 | P a g e

perform of personnel function like recruitment selection training amp development labor

activity motivation welfare etc it also helps to keep a smooth relationship between

employers amp employees If we need to find a way to develop employees in order to become

effective contributors to the goals of an organization we need to have a clear view of what an

effective contribution would look like The use of personal capacities can be very helpful in

describing the way in which an effective employee should operate and behave but there can

be no general prescription of an effective employee Effectiveness will differ with

organizational context and on whose perspective we are adopting The matter of what

finally makes an effective employee is a combination of personality natural capabilities

developed skills experience and learning The process of enhancing an employeersquos present

and future effectiveness is called development If we need to find a way to develop

employees in order to become effective contributors to the goals of an organization we need

to have a clear view of what an effective contribution would look like The use of personal

capacities can be very helpful in describing the way in which an effective employee should

operate and behave but there can be no general prescription of an effective employee

Effectiveness will differ with organizational context and on whose perspective we are

adopting The matter of what finally makes an effective employee is a combination of

personality natural capabilities developed skills experience and learning

Meaning of HR+ D+ Climate

HR means employees in organization who work to increase the profit for organization

Development it is acquisition of capabilities that are needed to do the present job or the

future expected job After analyzing Human Resource and Development we can simply

stated that HRD is the process of helping people to acquire competencies

Climate this is an overall feeling that is conveyed by the physical layout the way employees

5 | P a g e

interact and the way members of the organization conduct themselves with outsiders

ldquoOrganizational climate is a set of characteristics of an organization which are referred in the

descriptions employees make of the policies practices and conditions which exist in the

environmentrdquo An organization became dynamic and growth oriented if their people are

dynamic and pro-active Through proper selection of people and by nurturing their dynamism

and other competencies an organization can make their people dynamic and pro-active To

survive it is very essential for an organization to adopt the change in the environment and

also continuously prepare their employees to meet the challenges this will have a positive

impact On the organization what is needed to Develop Organizational Climate in

Organization Human resources climate refers to a set of measurable properties of the work

Environment that are perceived by the people who live and work in it and that influence

their motivation and behavior Human resources climate description that have been

determined to significantly impact an organizations profitability and productivity are

flexibility responsibility standards rewards clarity and team commitment At individual

employee level the concept is human resources climate which is formed by individual

perceptions are often aggregated or collected for analysis and understanding at the team or

group level or the divisional functional or overall organizational level As stated above it is

not possible to completely separate the human resources climate system from overall

organizational climate In the present study the human resources climate is considered as part

of organizational climate There are several approaches to the defining the concept of human

resources climate However there are two related difficulties in defining the human resources

climate The first difficulty is how to define climate and second is how to measure it

effectively on different levels of analysis The success of an organization is equally

determined by the skill and motivation of its members as by any other factor This fact that

memberrsquos motivation and skill is most important in success is well-known in the literature on

6 | P a g e

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 3: human resource development

ACKNOWLEDGEMENT

Before I thank anybody for the compilation of this work I would like to thank Almighty for

providing guidance and me all the necessary help It is grace only that I have completed this

work

An understanding of the study like this is never the outcome of the efforts of an individual

rather it bears the imprint of a number of individuals who directly helped me in completing

the present study

First amp foremost I would like to express my regard to Mr Rahul Anand Singh (HOD of

MBA) and Dr Neetu Singh the training amp placement-in-charge and the honorable

Readers of MBA Department for this constant encouragement and support I would also

like to express immense gratitude towards supervisor Dr Neetu Singh for providing the

knowledge guidance and cooperation in research report

I am also sincerely thankful to all my friends for giving me opportunity and resource to work

on the research report and giving me support whenever necessary

Shivani Srivastava

3 | P a g e

INTRODUCTION

HRD Philosophy The patterns of relationships at work reflect the HRD philosophy In some

organizations the practices and philosophy of HRD are perpetuated by the managers who are

encouraged to follow the role model of their seniors In the process of organizational

socialization they internalize the values and attitudes of their leaders The entire process is

thus institutionalized This is somewhat akin to the kind of apprenticeship prevailing in

Japanese organizations to prepare young people for positions of responsibility Human

Resource Development is the key department of the any business Human Resource

Development is the main part behind the companyrsquos success or failure Personnel

management is that part of management which concerned with people at work and with their

relationship within an enterprise he men and women who make up an enterprise and having

regard for the well being of individual amp of working groups to working groups to enable

them to make their best contribution to its success

The meaning of Human resource management labor management or staff management

means quite simply the task of dealing with human relationship within an organization

Human resource Management is a continuous process It cannot stop Personnel management

is a never-ending process It helps in achieving objectives of company This is done by proper

4 | P a g e

perform of personnel function like recruitment selection training amp development labor

activity motivation welfare etc it also helps to keep a smooth relationship between

employers amp employees If we need to find a way to develop employees in order to become

effective contributors to the goals of an organization we need to have a clear view of what an

effective contribution would look like The use of personal capacities can be very helpful in

describing the way in which an effective employee should operate and behave but there can

be no general prescription of an effective employee Effectiveness will differ with

organizational context and on whose perspective we are adopting The matter of what

finally makes an effective employee is a combination of personality natural capabilities

developed skills experience and learning The process of enhancing an employeersquos present

and future effectiveness is called development If we need to find a way to develop

employees in order to become effective contributors to the goals of an organization we need

to have a clear view of what an effective contribution would look like The use of personal

capacities can be very helpful in describing the way in which an effective employee should

operate and behave but there can be no general prescription of an effective employee

Effectiveness will differ with organizational context and on whose perspective we are

adopting The matter of what finally makes an effective employee is a combination of

personality natural capabilities developed skills experience and learning

Meaning of HR+ D+ Climate

HR means employees in organization who work to increase the profit for organization

Development it is acquisition of capabilities that are needed to do the present job or the

future expected job After analyzing Human Resource and Development we can simply

stated that HRD is the process of helping people to acquire competencies

Climate this is an overall feeling that is conveyed by the physical layout the way employees

5 | P a g e

interact and the way members of the organization conduct themselves with outsiders

ldquoOrganizational climate is a set of characteristics of an organization which are referred in the

descriptions employees make of the policies practices and conditions which exist in the

environmentrdquo An organization became dynamic and growth oriented if their people are

dynamic and pro-active Through proper selection of people and by nurturing their dynamism

and other competencies an organization can make their people dynamic and pro-active To

survive it is very essential for an organization to adopt the change in the environment and

also continuously prepare their employees to meet the challenges this will have a positive

impact On the organization what is needed to Develop Organizational Climate in

Organization Human resources climate refers to a set of measurable properties of the work

Environment that are perceived by the people who live and work in it and that influence

their motivation and behavior Human resources climate description that have been

determined to significantly impact an organizations profitability and productivity are

flexibility responsibility standards rewards clarity and team commitment At individual

employee level the concept is human resources climate which is formed by individual

perceptions are often aggregated or collected for analysis and understanding at the team or

group level or the divisional functional or overall organizational level As stated above it is

not possible to completely separate the human resources climate system from overall

organizational climate In the present study the human resources climate is considered as part

of organizational climate There are several approaches to the defining the concept of human

resources climate However there are two related difficulties in defining the human resources

climate The first difficulty is how to define climate and second is how to measure it

effectively on different levels of analysis The success of an organization is equally

determined by the skill and motivation of its members as by any other factor This fact that

memberrsquos motivation and skill is most important in success is well-known in the literature on

6 | P a g e

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 4: human resource development

INTRODUCTION

HRD Philosophy The patterns of relationships at work reflect the HRD philosophy In some

organizations the practices and philosophy of HRD are perpetuated by the managers who are

encouraged to follow the role model of their seniors In the process of organizational

socialization they internalize the values and attitudes of their leaders The entire process is

thus institutionalized This is somewhat akin to the kind of apprenticeship prevailing in

Japanese organizations to prepare young people for positions of responsibility Human

Resource Development is the key department of the any business Human Resource

Development is the main part behind the companyrsquos success or failure Personnel

management is that part of management which concerned with people at work and with their

relationship within an enterprise he men and women who make up an enterprise and having

regard for the well being of individual amp of working groups to working groups to enable

them to make their best contribution to its success

The meaning of Human resource management labor management or staff management

means quite simply the task of dealing with human relationship within an organization

Human resource Management is a continuous process It cannot stop Personnel management

is a never-ending process It helps in achieving objectives of company This is done by proper

4 | P a g e

perform of personnel function like recruitment selection training amp development labor

activity motivation welfare etc it also helps to keep a smooth relationship between

employers amp employees If we need to find a way to develop employees in order to become

effective contributors to the goals of an organization we need to have a clear view of what an

effective contribution would look like The use of personal capacities can be very helpful in

describing the way in which an effective employee should operate and behave but there can

be no general prescription of an effective employee Effectiveness will differ with

organizational context and on whose perspective we are adopting The matter of what

finally makes an effective employee is a combination of personality natural capabilities

developed skills experience and learning The process of enhancing an employeersquos present

and future effectiveness is called development If we need to find a way to develop

employees in order to become effective contributors to the goals of an organization we need

to have a clear view of what an effective contribution would look like The use of personal

capacities can be very helpful in describing the way in which an effective employee should

operate and behave but there can be no general prescription of an effective employee

Effectiveness will differ with organizational context and on whose perspective we are

adopting The matter of what finally makes an effective employee is a combination of

personality natural capabilities developed skills experience and learning

Meaning of HR+ D+ Climate

HR means employees in organization who work to increase the profit for organization

Development it is acquisition of capabilities that are needed to do the present job or the

future expected job After analyzing Human Resource and Development we can simply

stated that HRD is the process of helping people to acquire competencies

Climate this is an overall feeling that is conveyed by the physical layout the way employees

5 | P a g e

interact and the way members of the organization conduct themselves with outsiders

ldquoOrganizational climate is a set of characteristics of an organization which are referred in the

descriptions employees make of the policies practices and conditions which exist in the

environmentrdquo An organization became dynamic and growth oriented if their people are

dynamic and pro-active Through proper selection of people and by nurturing their dynamism

and other competencies an organization can make their people dynamic and pro-active To

survive it is very essential for an organization to adopt the change in the environment and

also continuously prepare their employees to meet the challenges this will have a positive

impact On the organization what is needed to Develop Organizational Climate in

Organization Human resources climate refers to a set of measurable properties of the work

Environment that are perceived by the people who live and work in it and that influence

their motivation and behavior Human resources climate description that have been

determined to significantly impact an organizations profitability and productivity are

flexibility responsibility standards rewards clarity and team commitment At individual

employee level the concept is human resources climate which is formed by individual

perceptions are often aggregated or collected for analysis and understanding at the team or

group level or the divisional functional or overall organizational level As stated above it is

not possible to completely separate the human resources climate system from overall

organizational climate In the present study the human resources climate is considered as part

of organizational climate There are several approaches to the defining the concept of human

resources climate However there are two related difficulties in defining the human resources

climate The first difficulty is how to define climate and second is how to measure it

effectively on different levels of analysis The success of an organization is equally

determined by the skill and motivation of its members as by any other factor This fact that

memberrsquos motivation and skill is most important in success is well-known in the literature on

6 | P a g e

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 5: human resource development

perform of personnel function like recruitment selection training amp development labor

activity motivation welfare etc it also helps to keep a smooth relationship between

employers amp employees If we need to find a way to develop employees in order to become

effective contributors to the goals of an organization we need to have a clear view of what an

effective contribution would look like The use of personal capacities can be very helpful in

describing the way in which an effective employee should operate and behave but there can

be no general prescription of an effective employee Effectiveness will differ with

organizational context and on whose perspective we are adopting The matter of what

finally makes an effective employee is a combination of personality natural capabilities

developed skills experience and learning The process of enhancing an employeersquos present

and future effectiveness is called development If we need to find a way to develop

employees in order to become effective contributors to the goals of an organization we need

to have a clear view of what an effective contribution would look like The use of personal

capacities can be very helpful in describing the way in which an effective employee should

operate and behave but there can be no general prescription of an effective employee

Effectiveness will differ with organizational context and on whose perspective we are

adopting The matter of what finally makes an effective employee is a combination of

personality natural capabilities developed skills experience and learning

Meaning of HR+ D+ Climate

HR means employees in organization who work to increase the profit for organization

Development it is acquisition of capabilities that are needed to do the present job or the

future expected job After analyzing Human Resource and Development we can simply

stated that HRD is the process of helping people to acquire competencies

Climate this is an overall feeling that is conveyed by the physical layout the way employees

5 | P a g e

interact and the way members of the organization conduct themselves with outsiders

ldquoOrganizational climate is a set of characteristics of an organization which are referred in the

descriptions employees make of the policies practices and conditions which exist in the

environmentrdquo An organization became dynamic and growth oriented if their people are

dynamic and pro-active Through proper selection of people and by nurturing their dynamism

and other competencies an organization can make their people dynamic and pro-active To

survive it is very essential for an organization to adopt the change in the environment and

also continuously prepare their employees to meet the challenges this will have a positive

impact On the organization what is needed to Develop Organizational Climate in

Organization Human resources climate refers to a set of measurable properties of the work

Environment that are perceived by the people who live and work in it and that influence

their motivation and behavior Human resources climate description that have been

determined to significantly impact an organizations profitability and productivity are

flexibility responsibility standards rewards clarity and team commitment At individual

employee level the concept is human resources climate which is formed by individual

perceptions are often aggregated or collected for analysis and understanding at the team or

group level or the divisional functional or overall organizational level As stated above it is

not possible to completely separate the human resources climate system from overall

organizational climate In the present study the human resources climate is considered as part

of organizational climate There are several approaches to the defining the concept of human

resources climate However there are two related difficulties in defining the human resources

climate The first difficulty is how to define climate and second is how to measure it

effectively on different levels of analysis The success of an organization is equally

determined by the skill and motivation of its members as by any other factor This fact that

memberrsquos motivation and skill is most important in success is well-known in the literature on

6 | P a g e

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 6: human resource development

interact and the way members of the organization conduct themselves with outsiders

ldquoOrganizational climate is a set of characteristics of an organization which are referred in the

descriptions employees make of the policies practices and conditions which exist in the

environmentrdquo An organization became dynamic and growth oriented if their people are

dynamic and pro-active Through proper selection of people and by nurturing their dynamism

and other competencies an organization can make their people dynamic and pro-active To

survive it is very essential for an organization to adopt the change in the environment and

also continuously prepare their employees to meet the challenges this will have a positive

impact On the organization what is needed to Develop Organizational Climate in

Organization Human resources climate refers to a set of measurable properties of the work

Environment that are perceived by the people who live and work in it and that influence

their motivation and behavior Human resources climate description that have been

determined to significantly impact an organizations profitability and productivity are

flexibility responsibility standards rewards clarity and team commitment At individual

employee level the concept is human resources climate which is formed by individual

perceptions are often aggregated or collected for analysis and understanding at the team or

group level or the divisional functional or overall organizational level As stated above it is

not possible to completely separate the human resources climate system from overall

organizational climate In the present study the human resources climate is considered as part

of organizational climate There are several approaches to the defining the concept of human

resources climate However there are two related difficulties in defining the human resources

climate The first difficulty is how to define climate and second is how to measure it

effectively on different levels of analysis The success of an organization is equally

determined by the skill and motivation of its members as by any other factor This fact that

memberrsquos motivation and skill is most important in success is well-known in the literature on

6 | P a g e

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 7: human resource development

Management However recently focused has been changed to the way human resources

practices and activities can be used to ensure organizations successfully meet the challenges

One of the most important functions of human resources system is to create and develop

organizational culture in which supervisor-subordinate relationships teamwork and

collaboration are some of the features which help and contribute to the professional well

being motivation and pride of employees

Human resources climate consists of many aspects of culture and behaviors of seniors in the

organization and depends on the way employees the most important resources are treated in

the organization Opportunity for employee development trust in the capability of

employees open communication encouragement for experimentation and taking up

challenges and risks associated with it Helping the employees to identify their strengths and

weaknesses in turn creating a general climate of confidence and trust collaboration and

autonomy coupled with supportive human resources policies and practices If the

organizations have to create good human resources climate there are certain pre-requisites in

form of an organizational culture Once the organizations are helped to build such human

resources culture it will ultimately helps in creating a congenial and healthy human resources

climate Pareek (1999) developed an instrument to measure organizational climate As

mentioned above organizational culture is the broader framework under which

organizational climate and human resources climate is developed If the organization

understands the way to build an excellent human resources culture the same can be easily

translated in human resources climate

7 | P a g e

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 8: human resource development

According to Pareek (1999) the human resources culture should have

Following characteristics

It should be a learning culture

The culture should facilitate the identification of new competencies of people on a

continuous basis

The culture should facilitate bringing out the hidden talents and utilize the potentials

of people

It should help in developing new competencies

The culture of the organization should have in built in motivational value

Employees should take initiatives and work on their own

The culture should enable people to take initiative and experiment Initiative and

experimentations are very important for development They enable

Individuals teams and organizations to discover new potential in them

The culture should bring joy and satisfaction in work Once the employees enjoy

their work it will result in overall good work culture Relationships are important

have an enabling capability

It should improve creativity and the problem solving abilities of people

It should create team spirit and high morale

The culture should enhance the action orientation in the total organization

Members should take initiatives

According to him such a culture can be termed as OCTAPACE which is an acronym for

openness collaboration trust and trustworthiness authenticity probation autonomy

confrontation and experimentation

8 | P a g e

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 9: human resource development

a) Openness ndash is considered where people feel free to express their ideas opinions and

feelings to each other irrespective of their level designation etc The comparative openness in

the system influences the design of Human resources systems Organizations can be termed

as either completely open to completely close It is not possible to find an organization at the

two extreme ends The organizations tend to be towards one or the other end The amount of

openness of the organization will be an important factor in determining the nature of the

various dimensions of Human resources systems

b) Collaboration ndash is the culture in which people are keen to help each other They are ready

to put their interest in the background for the larger interest of the organization Team spirit

is the key and people are directed by the broad organizational objectives than the individual

interest People are willing to help each other in order to achieve the organizational goals

Organizations interests are above all and individual or departmental loyalties take the back

Seat There are no interdepartmental or inter-personal conflicts and the spirit of co-operation

and collaboration is present

c) Trust and trustworthiness it is a situation in which there is mutual trust and respect for

each other Members work in an informal atmosphere by having full faith and trust The

members are self disciplined hence there is no need for any supervisory control or

monitoring The people respect and value each other To create a culture of mutual trust it is

essential to have a culture of trust worthiness in which the members have proven themselves

to over a period of time If every members of the organization becomes trustworthy and is

reliable mutual trust gets built up automatically

9 | P a g e

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 10: human resource development

d) Authenticity ndash is the value underlying trust It is the willingness of a person to

acknowledge the feelings he she has and accept himself herself as well as other who relate

to himher as persons Authenticity is speaking the truth without any fear and keeping the

promises made It is higher than the trust or trustworthiness The members commit and meet

the commitments without giving false promises The members always commit and deliver as

per commitment

e) Proactive ndash being a proactive culture means taking initiatives and explore the alternatives

well in advance Instead of reacting to any particular situation planning is done in order to

take care of eventualities and anticipated situations This culture encourages the members to

take initiatives for new activities new processes This can be in all the areas of for overall

process efficiency Like wok processes reduction in cost quality improvement and other

areas in which improvement can be done

f) Autonomy ndash This culture of autonomy is when members enjoy a great degree for freedom

in their activities They are the decision makers in their areas Autonomy is very important to

bring out the best in areas where individuals need freedom to work the way they want to

work It is very relevant in creating academic excellence knowledge industry information

technology research and development etc

g) Confrontation ndash This term is used in relation to a culture of facing problems upfront In

this culture the problem is put in front rather than the back to escaping the problems A better

term would be confrontation exploration that implies facing a problem and working jointly

with other concerned to find its solution If an organization encourages people to recognize a

problem bring it to people concerned explore with them to understand and search possible

10 | P a g e

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 11: human resource development

ways of dealing with it Members confront the problems as areas needing improvement rather

than finding fault with anybody This culture helps in building problem solving abilities of

the organizations

h) Experimentation ndash helps in build a culture in which the members of the organization try

out new experiments on their own and take decisions with respect of conducting the

experiments The culture of experimentation manifests the risk taking aspect of the

organization This developing newer ideas and simplifies things There is an emphasis on

value creation and importance is given to innovating and trying out new ways of dealing with

problems in the organization When you have openness members can express their opinion

easily Similarly when one is provided with autonomy and collaboration happens naturally

Trust and authenticity go together Proactive and experimentation go together These four

pairs are the four foundation of human resources culture In order to understand the role of

human resources climate and its impact on the organizations some past studies on the subject

are examined below Few studies listed below use the term human resources development

climate The present study considers human resources development as a component of human

resources system hence these studies are also listed Rao and Abraham (1986) carried out

first survey by using this instrument to measure the Human resources development climate in

Indian organizations They found that the general Human resources development climate in

the organizations appears to be at an average level (54) The most important factor

contributing to this seems to be a general indifference on the part of the employees on their

own development Rajendran (1987) reported significant correlation between organizational

Climate and job satisfaction in a public sector industry in Tamil Nadu India Sharma (1987)

examined the effects of organizational climate on job satisfaction sense of participation role

stress and alienation in private sector and public sector and found that the private sector and

11 | P a g e

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 12: human resource development

the public sector varied significantly on the dominant climates and there was significant

correlation between the climate variable and role stress variables Abraham (1989) observed

that Human Resources Development climate is a powerful intervening variable in translating

Human resources development practices into profit Abraham (1989) conducted a study

which revealed the linkage between the Human resources development climate and

organizational performance in financial terms Even if the climate does not show any direct

linkages at a given point of time logically it makes sense to have a good human resources

climate for the benefit of the organization Srivastava (1994) studied a group of executives

and supervisors and reported that overall organizational climate is positively related with job

involvement and higher order needs (self esteem autonomy and self actualization) are

related with job involvement Hart Griffin et al (1996) has found that organizational climate

plays an important role and lack of proper organization climate model accounts for at least

16 single-day sick leave and 10 separation rates in one organization Venkateswaran

(1997) found that to a large extent a favorable Human resources development climate was

prevalent in a public sector undertaking in India Ali and Akhtar (1999) explored the effect of

organizational climate on job satisfaction and they reported that those who scored high on

organizational climate also differed significantly on job satisfaction scale Rose Dennis and

colleagues (2001-2004) conducted a number of studies and they found a very strong link

between Organizational Climate and employee reactions such as stress levels absenteeism

and commitment and participation Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

stimulated the learning orientation of the employees Saraswathi (2010) conducted a study on

Human resources development climate in software and manufacturing organizations The

study was aimed at assessing the extent of developmental climate prevailing in manufacturing

and software organizations in India and also comparative analysis The study revealed that

12 | P a g e

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 13: human resource development

the three variables general climate HRD mechanisms and OCTAPACE culture are better in

software organizations compared to manufacturing The findings indicate significant

difference in the development climate prevailing in software and manufacturing

organizations Lather et al (2010) conducted a study on organization culture in selected

organizations in the manufacturing sector in the NCR The objective of the study was to

compare the organizational culture of the selected companies in the manufacturing sector and

to identify and measure the perceived organizational culture and its various dimensions The

result shows that the executives and non-executives perceive the culture differently

THE FACTORS REQUIRED FOR GOOD HRD CLIMATE

TOP TO BOTTOM EFFORT

MOTIVATOR ROLE OF MANAGER AND SUPERVISOR

FAITH UPON EMPLOYEES

FREEDOM OF EXPRESSION OF FEELINGS

FEEDBACK

DISCOURAGING STEREOTYPES AND FAVORITISM

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

workers have to work with dedication They should have realization that organization is their

organization

13 | P a g e

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 14: human resource development

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeesrsquo effort too Nature of employees should be helping for management and for

its colleagues They should be always read to help to customers too

14 | P a g e

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 15: human resource development

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Components of HRD Climate

Organizational Structure

An organization s structure is actually a snapshot of a work process frozen in time so that it

can be viewed If the structure and the role is not clear people will not know what the work

process is who is responsible for what whom to go for help and decision and who can assist

in problems that may arise

15 | P a g e

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 16: human resource development

Organizational Culture

Organizational culture is the pattern of beliefs knowledge attitudes and customs that exists

within an organization Organizational culture can be supportive or unsupportive positive or

negative

HR Processes

The HR system of an organization should be comprehensive enough to take care of

employees from the time they join till the time they leave from recruitment to retirement

whole process should be according to employees

An organizationrsquos success is determined as much by the skill and motivation of

its members as by almost any other factor While this has always been true recent changes

focus attention on ways human resources The fancy word for people The human

resources department within an organization years ago known as the personnel

department manages the administrative aspects of the employees development activities

can be used to ensure organizations have what it takes to successfully meet the challenges

Human Resource Development (HRD) is a process by which the employees of an

organization are helped in a continuous planned way acquire or sharpen capabilities required

to perform various functions associated with their present or expected future roles develop

their general cap-abilities as individuals and discover and exploit their potentials for their

own andor organizational development purposes and develop an organizational culture in

which supervisor-subordinate relationships teamwork (product software tool) Teamwork

- A SASD tool from Sterling Software formerly CADRE Technologies which supports the

ShlaerMellor Object-Oriented method and the Yourdon-DeMarco Hatley-Pirbhai

16 | P a g e

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 17: human resource development

Constantine and Buhr notations and collaboration Working together on a project See

collaborative software among sub-units are strong and contribute to the professional well

being motivation and pride of employees HRD climate is characterized trv

charactermiddotized charactermiddotizmiddoting charactermiddotizmiddotes1 To describe the qualities or

peculiarities of 2 by the tendencies such as treating employees as the most important

resources perceiving that developing employees is the job of every manager believing in the

capability of employees communicating openly encouraging risk taking and

experimentation making efforts to help employees recognize their strengths and weaknesses

creating a general climate of trust collaboration and autonomy supportive personnel policies

and supportive HRD practices An optimal level of development climate is essential for

facilitating HRD activities (Rao amp Abraham 1986) The top management subscribing to these

values is a starting point Noun 1 starting point - earliest limiting pointterminus a quo

commencement get-go offset outset showtime starting time beginning start kickoff

first - the time at which something is supposed to begin they got an early start she knew

from the When a critical mass internalized these values there emerges a conducive adj

Tending to cause or bring about contributive See Synonyms at favorable climate for

HRD This positive HRD climate renders the existing systems more effective and makes the

organizations more receptive remiddotcepmiddottive () capable of receiving or of responding to a

stimulus to the introduction of relevant additional system (Athreya 1988) A healthy

HRD climate certainly bolsters the overall internal environment of the organization fosters

employee commitment

17 | P a g e

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 18: human resource development

Centre for HRD Developed a 38-item HRD climate questionnaire to survey the extent to

which development climate exists in organizations Using this instrument the first survey of

HRD climate in Indian organizations was carried out by Rao and Abraham (1986) They

found that the general HRD climate in the organizations appears to be at an average level

(54) The most important factor contributing to this seems to be a general indifference

Antoinette Marie(1755ndash1793) queen of France to whom is attributed this statement on the

solution to bread famine ldquoLet them eat cakerdquo [Fr Hist on the part of the employees on

their own development In another study Abraham (1989) observed that HRD climate is a

powerful intervening variable An intervening variable is a hypothetical concept that

attempts to explain relationships between variables and especially the relationships between

independent variables and dependent variables in translating HRD practices into profit

Venkateswaran (1997) found that to a large extent a favorable HRD climate was prevalent

in a public sector undertaking in India Srimannarayana (2001) identified below average level

of HRD climate in a software organization in India However Agarwala (2002) found that

the HRD climate was significantly more developmental in IT industry when compared to the

automobile industry the business of producing and selling self-powered vehicles including

passenger cars trucks farm equipment and other commercial vehicles Mishra amp

Bhardwaj (2002) concluded that the HRD climate in a private sector undertaking in India was

good Rodriguess (2004) study in the engineering institutes in India found the HRD climate

highly satisfactory Srimannarayana (2007) found that a moderate HRD climate was

prevailing in Dubai organizations Pillais (2008) study identified that HRD climate existing

in banks as moderate This study further found that a supportive HRD climate in banks

18 | P a g e

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 19: human resource development

stimulated the learning orientation of the employees The Present Study using the

questionnaire developed by XLRI the present study was conducted in India to find out the

extent of HRD climate prevailing in the organizations in India The information was collected

from 1905 respondents In the context of marketing research a representative sample drawn

from a larger population of people from whom information is collected and used to develop

or confirm marketing strategy working in 42 organizations Among them 18 were in

manufacturing sector producing a wide variety of products such as steel automobiles

medicines electrical and electronic equipment fast moving consumer products etc

HRD encompasses the development oriented activities of the organization through employee

satisfaction For an Individual to perform productively the climate prevailing in the

organization needs to be Conducive for his development A review of literature in area of

lsquoHRD Climatersquo reveals that it has emerged as crucial factor for competitive advantage in

current business scenario Deal amp Kennedy (1982) and Peter amp Waterman (1982) suggest that

organizational culture can influence performance and commitment in an organization and a

high degree of organization performance is related to a strong culture that is a culture with

well integrated and effective set of values belief and behaviors In this context it has also

been established in Helena etal (2003) investigation to find out how the perceived

organizational climate of a work place was related to symptoms both of the organization and

the employees and how these factors varied according to socio-demographic and work-

related characteristics it was found that part of the impact of the organizational climate on

sickness absence was not caused by an increase in work-related symptoms Even

organizational climate seems to correspond not only with organizational practices and

leadership but also with the occupational health The organizational climate is used as

research tool and it attempts to reduce the workndashrelated illndashhealth and sickness absenteeism

19 | P a g e

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 20: human resource development

Also the study conducted by MSrimannarayana (2010) on human resource development

climate in manufacturing sector having aims to explore extent of HRD climate prevalent in

manufacturing organizations in India Based on the information collected from 726

employees working in 18 organizations in manufacturing sector in India this study has found

that the overall HRD climate prevailing in this sector is of moderate level only Also

Category wise analysis leads to the conclusion that OCTAPAC culture has been more

prevalent than HRD mechanisms and general HRD climate Training and performance

appraisal appear to be more mature practices rather than career planning rewards and

employee welfare At last of the study also it appeared that the organizations focus more on

business rather than people Ultimately the researcher suggested that the organizations may

introduce fair employee welfare programmes and reward systems to improve employee

satisfaction levels and subsequently to gain advantage from the satisfied workers to increase

productivity However Rohmetra (1990) conducted a study on banking sector of JampK for

determining in it the HRD climate and the attitudinal perception of 102 employees covering

senior middle and lower managerial levels as well as the clerical staff The study has shown

that there exists an intimate degree of trust and that attitudinally they are well-disposed

towards each other Bhardwaj and Mishra (2002) conducted a study with a sample of 107

senior middle and higher level managers of a private sector organization which is one of

Indiarsquos largest multi-business companies On the whole the existence of good HRD climate

in the organization was covered by the study The managers in general showed a favourable

attitude towards HRD policies and practices of the organization They were satisfied with the

developmental policies of top management as well as happy with the prevailing HRD climate

in the organization In the same line by Ishwar Dayal etal (1996) carried out a study of HRD

Climate in Indian Oil Corporation and his study found that the prevailing HRD Climate was

positive for employee for learning In this context Gani and Rainayee (1996) conducted study

20 | P a g e

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 21: human resource development

in HRD Climate in Large Public Sector Organization in Kashmir and concluded that climate

existing in the organization for employee development was picking up and it was further

observed that compared to managerial personnel workers were less genuine The

comparative study on 20 leading firms in banking industry of India conducted by

Priyadarshini and Venkatapathy (2004) was completed with the help of 200 complete

responses which were collected from 20 leading banks The study has highlighted that

employees have a strong sense of belonging and that there is sense of equality with regard to

the common facilities provided to the employees Srimannarayan M (2007) also conducted a

study in a local bank of Dubai and found that a good HRD climate was prevalent in the

organization He found out the difference in the perception of employees regarding the HRD

climate on the basis of demographic variables In the same line also Heny ford summarised

and stated the connection between job satisfaction and organisational performance He also

said that the employees get satisfaction in their work performance where as performance of

employees depends the empowerment and facilities have been available in the workplace It

has been helped a lot to the employees to get encouragement and reward for their effort In

this context also he stated that professional qualification can help to employee to provide

faster accurate and quality service to the customer and also able to take good decision

without delay So this sense of ability and competency increase the level of job satisfaction

In the same line also it has been stated by Dr Srinibash Dash and Professor J

Mohapatra(2012) in their study on HRD climate in Rourkela steel plant one of the major

steel producing public company in the country under the control of SAIL The study is aimed

at assessing the extent of developmental climate prevailing through identifying and

measuring the perceived organizational culture and its various dimensions The findings of

the study helped to identify the weaker aspects of culture in terms of values and beliefs that

prevail in the organization On the basis of these diagnoses the management can take the

21 | P a g e

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 22: human resource development

opportunity to work upon the identified weaker aspects and develop better organizational

culture RSPrsquos top management needs to take Necessary steps for developing resource plans

action plans and work environment plans needs to be taken by the top management to reduce

the perception gap between managementsrsquo belief in and support for HRD among the

employees According the researcher they also stated that Performance-potential matrix

across all grades should be prepared and posting promotions job rotation and succession

plan should be integrated with this Further the management should focus on to gain the

confidence of employees in its welfare activities through reintroduction of the schemes

which were partially or completely withdrawn gather information about employeersquos welfare

needs through a systematic survey etc On the conclusion part of the study they stated and it

clearly reveals that there is considerable scope for the development and implementation of

appropriate HRD programmes and interventions in RSP as well as various other sectors in the

country By doing this we can ensure enhancement of employee competencies dynamism

motivation and effectiveness in a systematic and planned way

HUMAN RESOURCES CLIMATE SYSTEM

An organizationrsquos success is determined by the competencies and motivation of the

employees Sincere and capable employees are the assets of any organisation Individuals can

be helped to give their full contribution according to their potentials if the organizations

provide right type of human resources climate This helps to achieve the goals of the

organization and thereby ensuring optimum utilizations of human resources Congenial

Human resources climate is extremely important for development of employees and

organizations Effective implementation of all the human resources system ultimately results

in building a congenial human resources climate which promotes growth development for

individual as well as organization Many studies conducted on motivation over the past 40

22 | P a g e

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 23: human resource development

years have shown that the human resources climate in the workplace has a significant impact

on employee behavior and organizational results Congenial and positive work atmosphere

can make a lot of difference in the way employees work This in turn affects the productivity

of the organization The human resources climate is part of the overall organizational climate

Human resources climate is considered as very important part of the overall human resources

system The study of human resources system will never be complete without studying the

human resources climate The human resources climate of any organization depends on the

overall organizational climate and organizational climate is a result of broader organizational

culture

Organizational Culture Climate and Human Resources Climate

In order to study the human resources climate as part of the overall human resources system

it is essential to look at the terms such as organizational culture and organizational climate

Organizational culture is described as all the unwritten rules practices attitudes and beliefs

that affect the way in which business is done in any organization In a way it is the behavior

displayed by the top leaders in any organization and becomes part of the unwritten policies It

does influence the behavior of employees and underpins the interactions of staff and

customers It is holistic traditionally determined constructed in a social context soft and

difficult to change Organization culture is the guiding force under which organization

climate and human resources climate are developed In other words organization culture

decides the organization climate and organization climate decides the human resources

climate Organizational climate is often defined as the recurring patterns of behavior

attitudes and feelings that characterize working life in the organization Although culture and

climate are related climate often proves easier to assess and change Organizational climate

refers to the morale and perceptions of the members of the organization and is quite

23 | P a g e

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 24: human resource development

subjective in nature It is rather sensed than something which is recognized cognitively

Organizational climate are a set of attributes which are perceived about a particular

organization and is mainly derived from the interaction of members and environments It is

the combined perception of individuals which differentiates one organization from other In

other words it is sum total of experiences one feels as a member of the organization and

senses as an outsider It is the overall impression of the organization perceived by the

members and environment in which they work

Factors that Affecting Organizationrsquos Human Resources from outside the Organization

1 Technological Innovation

Rapid technological changes and innovations are taking place all over the world As a result

of these technological changes technical personnel are increasingly required Hence

procurement of technically skilled employees is necessary to match the changing job

requirements

2 Economic Factors

Economic conditions influence financial ldquohealthrdquo of the organization Under favorable

economic conditions expansion of existing programmes and creation of new programmes are

very likely With less favorable or deteriorating conditions contraction or cancellation of

some programmes may be necessary Thus a number of economic factors affect human

resources management of an organization by influencing its operations

24 | P a g e

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 25: human resource development

3 Employeersquos Organizations

Employeersquos organizations have mustered strength that is parallel to the growth of

industrialism Labor unions seek to bargain with management over the terms and conditions

of employment for their members As a consequence most HR activities are subject to joint

decision making when employees are represented by a union

4 Labor Markets

In labor markets organizations seek employees (demand for labor) and individuals offer their

availability to organizations (supply of labor) Labor supply and demand have implications

for all activities but particularly for compensation and external staffing Moreover they are

generally not subject to organization control thereby creating potential turbulence and

uncertainty for HR management

5 Changing Demand of Employers

Organizations also undergo changes and consequently their demands for employees will also

change The technological revolution and neck-to-neck marketing competition amongst most

of the organizations demand that the existing employees adapt to the every changing work

situations and learn new skills knowledge etc to cope with the new changes

6 Legal Factors

One of the most important external factors that affect HRM is the legal environment The

management cannot manage the human resources unilaterally It is now compelled to manage

its employees according to the legislation enacted by the government at the centre and the

states The important legislation enacted in India affecting HRM is-Factories Act Trade

Unions Act Workmenrsquos Compensation Act and The Payment of Wages Act The Minimum

Wages Act Payment of Gratuity Act and The Maternity Benefit Act The government

believes that it is the custodian of industrial and economic activities and hence legislation

25 | P a g e

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 26: human resource development

7 Human Resource in the Country

The structure values and the level of education of human resources in the country influence

the HRM function of any organization The influence of manpower in the country can be

studied through

(a) Change in the structure of employment with the entry of workforce with different

backgrounds

(b) The changes that have taken place in the structure of the workforce over the years and

that have led to the emergence of new values in the organizations

(c) Increased level of formal education has led to the changes in attitude of employees The

well-educated employees always challenge and question the managementrsquos decisions and

want a voice in the companyrsquos affairs that affect their interest

Thus many environmental factors affect the performance of specific tasks of HRM Changes

in the internal and external environmental factors complicate the job both of line and

personnel managers in overseeing the contributions of human resources Considering the

complexities and the challenges in the HRM now and in near future management has to

develop sophisticated techniques and competent people to manage personnel on sound lines

HRD in Indian Organizations Current Perspectives and Future Issues

In recent years Human Resource Development (HRD) has emerged as a distinct area of

concern in organiza- tions This paper presents an overview of HRD practices in a variety of

Indian organizations and identifies areas that need attention of HRD managers and

academicians There are three distinctly identifiable approaches among Indian organizations

that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach

26 | P a g e

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 27: human resource development

and (c) Selective Approach Although in practice there are overlaps among these approaches

this classification is useful for discussing the various patterns of HRD management

Man-Centered Approach

Based on humanistic considerations HRD according to this approach is a philosophy shared

by managements that believe development of people to be their primary responsibility This

belief governs personnel welfare and other organizational policies and practices concern-

ing its employees Factors like promoting trust open communication authenticity in

interpersonal relation- ships and welfare of employees and their families are given top

priority Development of people thus be- comes an end in itself in such organizations The

assumption underlying this approach is that improving an employees capability and

developing himher is solely the responsibility of the employer and therefore should be

pursued as a programme This style of management favors personalized relation- ships It is

more likely to be found in family-managed organizations than in those managed by paid chief

executives Such organizations have progressive welfare practices for employees and their

families and a managerial orientation which can be described as paternal They follow

practices that are way beyond what is required by law with respect to matters like health

education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand

Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices

much before legislations on these matters were even framed This approach emphasizes the

salience of extrinsic job factors Management-employee relationships are generally informal

The senior management staff attends to the well-being of employees at all levels Trust and

confidence between employees and the employer is built through personalized relation- ships

This often enables managers to practice openness in their relationships The most important

27 | P a g e

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 28: human resource development

feature in such organizations is the confidence the employees have in the chief executive He

is a father figure and is respected by employees at all levels

HRD IN PHARMACEUTICAL SECTOR

Human Resources Management has been considered as very vital aspect right from

inception manpower planning induction training programme development amp promotion In

every particular area HR Department helps for increasing the productivity amp organizational

goals both in long time and short time in the changing environment either for existence or for

stability For growth the contribution of HR department is immeasurable though a

considerable work has been done in this particular area a lot more is to be done There is a

change of concept from HRM to strategic HRM Indian pharma industry is facing a

considerable change in its aims objectives parameters of growth in changing scenario on

account of globalization at the corporate level merger acquisition phases are taking made

abreast intrinsic life style health care and health consciousness and caution‟s has risen such

an unimaginable heights never before an attempt is made here to focus on issue of

development of HR practices in pharmaceutical industries While in the pursuit of this search

a reference has been given to the earlier research in the field to avoid the repetition but some

of the points have been thought in the uncommon and different ways In the air of

globalization free economy disinvestments policy privatization of public sector amp

privatization of health matter on the agenda of central government a versatile thinking amp

square approach is made in this particular project Availability of information to the public

on general data amp information available on net face to face interviews with the authorities

formal amp informal conversations even at the grass root level response to the pre-designed

28 | P a g e

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 29: human resource development

questionnaire has helped in this research work though there is an accessibility amp proximity to

the present principles procedures amp practices in HRM of every organization Every

organization has got its unique way of approach coupled with secrecy amp confidentiality the

limitations on accounts of this has a major hurdle in the work undertaken The survey carried

out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as

Pune District This is a representative survey of different companies having different policies

amp distinct approaches thus the conclusion inferred after research can be if immense help to

the other organization in the pharma industries for guidance reference amp comparison to cost

in future their approach to manpower planning amp HRM Human Resource Development is

concerned with people dimensions of the organization The organization objectives can be

best achieved by acquiring human resources develop them cast them for our need amp

motivate them for still better performance and ensure that they continue to maintain their

involvement commitment loyalty to the organizational The Human Resource

Development basically consists of three c‟s ie competencies commitment and culture

During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource

Development and Practice in Indian Industry Earlier to that personnel functions were used

traditionally ie to look after salary administration absenteeism new employment and

maintenance of industrial relation The employee was viewed in terms of laws and procedures

laid down by personnel management but the management realized the importance of man

above money machine and material Hence the concept of human resource development was

introduced and gained ground

Human resource management is a system a philosophy policy and practices that can

influence individuals working in an organization 1 An effective and competitive human

resource is the key strength of organizations in facing the challenges of business today HRM

is the part of an organization that is concerned with people working in an organization 2

29 | P a g e

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 30: human resource development

Successful organizations recognize the significance of human element in the organizational

success and emphasize on their development satisfaction commitment and motivation in

order to attain desired objectives 3 Sustainable development of a company depends upon

effective management of human resources The importance of human resource management

in healthcare lies in the fact that a well-managed human resource department is vital for the

delivery of efficient and quality healthcare services 1 When examining the role of human

resource management in healthcare system from a global perspective many challenges exist

either internally or externally which adversely affect the delivery of quality healthcare

services In developed countries the human resource managers have indentified the

challenges they face and have developed different strategies to overcome these challenges 5

But in developing countries like India they are still facing many challenges 6

The scope of HRM is very vast and it consists of

a Human Resource planning

b Recruitment and selection

c Training and development

d Organizational development

e Career development

f Job Design

g Performance Management System

h Compensation and Benefits

30 | P a g e

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 31: human resource development

There are as such no standard guidelines laid down by Government authorities and private

organizations Standard HR policies and practices differ from organization to organization

depending upon size type purpose classification and location of the organization These

guidelines are designed and tailored as per the need of the hour and also organization as well

as Government regulations The data groups of industries have laid down the standard

guidelines for their organizational set up They do not follow the guidelines set up by other

organizations as the other organizations follow their own guidelines This is so because these

organizations have laid down their own guidelines on the basis of their own experience

expectations and to serve their primitive purpose Hence as said earlier no standard guidelines

have been laid down and as such they differ from organization to organization In the wake

of globalization and privatization policy the organizations have to adopt innovative ways to

survive and to remain in competition It is being realized that Human factor gives

competitive advantage to the organization If human resources are treated as assets and by

carefully nurturing their creativity competence the organization can successfully accept the

challenges and encounter in a fast changing business environment all organizations with

enterprising enthusiastic competent motivated and satisfied work force will remain

successful Creation of human assets calls for formulating appraisal policies and practices in

every developmental stage viz planning acquisition nurturing developing motivating

rewarding and retaining of manpower It calls for integrated policies with a strategic

planning of the organization and also aligning with a conclusive culture and climate The

policies have been such that it develops a culture of learning encourages teamwork and result

in enhanced performance The practices should be such that the employee remains committed

to the organization and adds value to the business In the formal analysis the HR policies and

practices should have impact on bottom line of the organization Our great Earth is

dominated by human beings Human race that evolved throughout the great ages of struggle

31 | P a g e

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 32: human resource development

and development has brought about civilizations of spectacular and tremendous

developments in all the fields of human activity Scientific developments and splendid

techniques have contributed to the development and progress in agriculture industry

engineering medicine and pharmacy To meet the requirements of human beings for their

existence and qualitative living human resources have been nurtured and developed Industry

thrives not only on money machines and materials but more especially on human endeavors

Mother India has been marching along the path of progressive independence Along with

industrial and economic development health care arid quality of human life have been

emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays

ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused

by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle

for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy

and promote healthy living the research and development departments in the organizations of

pharmacy and medicine need tremendous boost in terms of trained and talented and

committed human resources This requirement which is increasing day by day necessitates

the development of human resources The parameter of progress of pharmaceutical

productivity consists of the excellence of human resources in pharmaceutical industry This

encircles readily available economically affordable with consistent standard quality without

side effect and result oriented medicines Proximity and accessibility of medicines is in tune

with existing need of the user The lives saving medicines are as important as food water air

and sunlight The govt should create a regulatory body for monitoring the affordable price

availability and quality

32 | P a g e

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 33: human resource development

Relevance of HR Development

Human resource development plays a significant role in bdquopharmacy‟ mainly because

pharmacy does merely deliver products of health-care but quality‟ of great-care Through

innovations in formulations and preparations of drugs the drug manufacturers both in the

public and private sector have been contributing significantly to the growth of pharmacy

The growth of drug manufacturing industries actually or accelerated during the 1960s even

though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta

started drug manufacturing activity in India Further the Planets Act in 1970 paved the way

for progress Human Resource talents contributed to the growth of the Indian and world

markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs

at comparatively low costs Development of human resources in the pharmaceutical industry

lead to rapid strides in drug innovation especially in large drug manufacturing companies in

India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT

industry] unscheduled working hours during long night hours [eg BPO service centers]

nuclear families craze for fast food and addiction etc leads to ill health To restrict

repercussions new drugs are to be invented The Indian Pharmaceutical Industry today

What is needed to Develop Organizational Climate in Organization

Top to Bottom effort - Organization is considered to be complete organization after

including top authority to bottom line of workers And whenever we talk about development

at organizational level effort is needed from top level to bottom level Top authority should

not have thinking in their mind that their task is to only take decisions but they should also

emphasized on proper implementation of decision by adopting various controlling technique

Bottom level workers should have loyal mind-set towards their organization Bottom level

33 | P a g e

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 34: human resource development

workers have to work with dedication They should have realization that organization is their

organization

Motivator role of Manager and Supervisor - To prepare Human Resource Development

Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the

key players Manager and Supervisors have to help the employees to develop the

competencies in the employees To help the employees at lower level they need to updated

properly and they need to share their expertise and experience with employees

Faith upon employees - In the process of developing HRD Climate employer should have

faith on its employeersquos capabilities Means whatever amount is invested that should be based

on development of employees Top management should trust the employees that after making

huge effort to develop employees employees will work for the well being of organization and

for human being also

Free expression of Feelings - Whatever Top management feels about employees they have

to express to employees and whatever employees think about top management it must be

express in other words we can say that there should not be anything hidden while

communication process Clear communication process will help to establish the HRD

Climate

Feedback - Feedback should be taken regularly to know the drawbacks in system This will

help to gain confidence in employees mind Employee will trust on management and he can

express his opinion freely which is very good for HRD Climate Feedback will help to

remove the weakness

Helpful nature of employees - Whenever we talk about 100 effort then we have to talk

about employeersquos effort too Nature of employees should be helping for management and for

34 | P a g e

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 35: human resource development

its colleagues They should be always read to help to customers too

Supportive personnel management - Personnel policies of organization should motivate

employees to contribute more from their part Top managementrsquos philosophy should be clear

towards Human Resource and its well being to encourage the employees

Encouraging and risk taking experimentation - Employees should be motivated by giving

them authority to take decision This concept is risky but gradually it will bring expertise in

employees to handle similar situation in future It will help to develop confidence in

employees mind Organization can utilize and develop employees more by assigning risky

task

Discouraging stereotypes and favoritism - Management need to avoid those practices

which lead to favoritism Management and Managers need to give equal importance Those

people who are performing good they need to appreciate and those who are not performing

well they need to be guided Any kind of partial behavior should be avoided

Team Spirit - There must be feeling of belongingness among the employees and also

willingness to work as a team

Measuring HRD Climate

Economic condition ndash An organizationrsquos economic condition influences its culture in several

ways The more prosperous an organization is the more it can afford to spend on research and

the more it can afford to risk and be adventurous

Leadership Style - An organization leadership style plays a profound role in determining

several aspects of its culture An authoritarian style may make the organizationrsquos culture

35 | P a g e

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 36: human resource development

characterized by high position structure low individual autonomy low reward orientation

low warmth and support and so on or it may be opposite like goal directed leadership

Managerial assumption about human nature - Every act on the part of the management

that involves human beings is predicated upon assumptions generalizations and hypotheses

relating to human behavior There are two theories of behavior (Theory X and Theory Y)

Managerial values and ethos - The feeling of managers about norms and values what is

good and what is poor as management practice There are few dimensions on which it can be

checked They are ndash self-awareness risk-taking participation bureaucracy equity

employeersquos security and growth

Organization size - An small organizations there are few levels of management these are

generally more amenable to democratic and participative functioning than big organizations

More open communication system in small organizations Hence these organizations have a

different type of climate than what are in big organizations

HRD mdash SOME CONCEPTS

HRD is mainly concerned with developing the skill knowledge and competencies of people

and it is people-oriented concept When we call it as a people-oriented concept the question

of people being developed in the larger or national context or in the smaller organizational

context Is it different at the macro and micro level HRD can be applied both for the

national level and organizational level But many personnel managers and organizations view

HRD as synonymous to training and development Many organizations in the country

renamed their training departments as HRD departments Surprisingly some organizations

renamed their personnel department as HRD departments Some educational institutions

started awarding degrees and diplomas in HRD even though the concept is not yet crystal

36 | P a g e

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 37: human resource development

clear HRD from organizational point of view is a process in which the employees of an

organization are helpedmotivated to acquire and develop technical managerial and

behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to

perform present and future roles by realizing highest human potential with a view to

contribute positively to the organizational group individual and social goals A comparative

analysis of these definitions shows that the third definition seems to be comprehensive and

elaborate as it deals with the developmental aspects of all the components of human

resources Further it deals with all types of skills the present and future organizational needs

and aspect of contribution to not only organizational also other goals The analysis of the

third definition further shows that there are three aspects viz

1 Employees of an organization are helped motivated

2 Acquire develop and mould various aspects of human resources and

3 Contribute to the organizational group individual and social goals

The first aspect deals with helping and motivating factors for HRD These factors may be

called acirceuro˜Enabling factors which include Organization structure organizational climate

HRD climate HRD knowledge and skills to managers human resource planning recruitment

and selection The second aspect deals with the techniques or methods which are the means to

acquire develop and mould the various human resources These techniques include

Performance appraisal Potential appraisal Career planning and Development Training

Management development Organizational development Social and Cultural programs and

Workers participation in management and quality circles The third category includes the

outcomes contribution of the HRD process to the goals of the organization group individuals

and the society

37 | P a g e

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 38: human resource development

HRD climate and communication

The communications that arise not out of formal relations between people but out of informal

or social relationship is called the grapevine or informal communication The management

has no absolute control over this type of communication as they neither created nor destroyed

it Communication need not flow through authority- responsibility relationship or channels of

organization in informal communications In informal communication there is no formal

superior subordinate relationship

The informal communication does both good and bad to the organization

The advantages of informal communication are

1 It acts as a driving force to untie the workforce in cases of common matters

2 It saves time and energy as the information flows at high speed

3 It has immediate response from the receiver

4 It provides the scope for creation of new ideas

5 It satisfies the communication needs of various employees

6 It provides scope for immediate feedback

Informal communication suffers from various drawbacks They are

a Informal communication sometimes spreads wrong information and rumors

b It distorts information

38 | P a g e

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 39: human resource development

c Grapevine provides only inadequate information

d Information provided through grapevine has no formal authority and

e It overlooks superiors

The most effective communication results when managers utilize the informal organization to

supplement the communication channels of the formal organization It should be remembered

that it is a part of the manager job to have a little control over this informal communication so

that he can take the appropriate action to minimize the adverse effect of this channel

Organizational climate is very important in the context of communication Organizational

climate is the summary perception which people have about an organization It is thus a

global expression of what the organization is Organizational climate refers to a system of

shared meaning held by members that distinguishes the organization from other

organizations

The characteristics of organizational climate are

1 Individual Initiative The degree of responsibility freedom and independence that

individuals have

2 Risk Tolerance The degree to which employees are encouraged to be aggressive

innovative and risk-seeking

3 Direction The degree to which the organization creates clear objectives and

performance expectations

4 Integration The degree to which units within the organization are encouraged to

operate in a coordinated manner

5 Management Support The degree to which managers provide clear communication

assistance and support to their subordinates

39 | P a g e

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 40: human resource development

6 Control The number of rules and regulations and the amount of direct supervision

that is used to oversee and control employee behavior

7 Identity The degree to which members identify with the organization as a whole

rather than with their particular workgroup or field of professional expertise

8 Reward System The degree to which reward allocations are based on employee

performance

9 Conflict Tolerance The degree to which employees are encouraged to air conflicts

and criticisms

10 Communication Patterns The degree to which organizational communications are

restricted to the formal hierarchy of authority

Communicating with the Employees

Both formal as well as informal communication channels are used to communicate with the

employees In addition to following written communication oral and nonverbal

communication should be relied upon In addition to downward communication to

communicate rules procedures and programs of the organization to employees employees

should also be encouraged to communicate to their superiors In order to make use of team

work all channels of communication or star communication pattern should be encouraged

Interpersonal communication should be encouraged with a view to develop interpersonal

relations Employees should also be encouraged to develop effective and active listening

skills

WHAT CONTRIBUTES TO HRD CLIMATE

The following factors may be considered as contributing to HRD climate

40 | P a g e

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 41: human resource development

1) Top Management Style and Philosophy A developmental style a belief in the capability

of people participative approach openness and receptivity to suggestions from the

subordinates are some of the dimensions that contribute to the creation of a positive HRD

climate

2) Personnel Policies Personnel policies that show high concern for employees that

emphasis equity and objectivity in appraisals policies that emphasis sufficient resource

allocation for welfare and developmental activities policies that emphasis a collaborative

attitude and trust among the people go a long way in creating the HRD climate

3) HRD Instruments and Systems A number of HRD instruments have been found to

generate a good HRD climate Particularly open systems of appraisal with emphasis of

counseling career development systems informal training mechanisms potential

development systems etc contribute to HRD climate

4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are

likely to generate a positive HRD climate

5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of

HRD and personnel people plays a very critical role in generating the HRD climate If the

personal behavior of any of these agents is not supportive the HRD climate is likely to be

vitiated

6) Commitment or Line Managers The commitment of line managers to the development

of their subordinates is a very important determiner of HRD climate If line managers are

willing to spend a part of their time for their subordinates it is likely to have a positive

impact

41 | P a g e

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 42: human resource development

OBJECTIVE OF THE STUDY

The following are the objectives of the research project report

42 | P a g e

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 43: human resource development

1 To examine the variables affecting the HRD climate in pharmaceutical sectors

2 To study the variables those are significantly correlated

3 To examine the various variables which can have bearing on the HRD climate

in an organization

4 To examine the various variables which need to be improved for better HRD

climate in an organization

Importance of the study

The importance of a project report is following

43 | P a g e

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 44: human resource development

The study will help to know that what additional features amp what facilities should be

to increase

The procedure of human resource development in pharmaceutical sector

It helps in identify reason behind problems

The importance of project study is that it is helpful to make good knowledge about the

human resource management and human resource development

It is important to know challenges amp prospects in view of future with unique

suggestionsamp HRD facilities that will be preferred by the industries

Environmental factors of HR are prime influencing elements of change in HR

strategy

It gives HR professionals time to anticipate opportunities in HR area and time to

Plan optional responses to these opportunities

It helps HR professionals to develop an early warning system to prevent threats

Emerging out from HR scenario or to develop strategies which can turn a threat

It forms a basis of aligning the organization strengths to the changes in the

environment

It enables the entry of the latest nationalinternational HR developments

Scope of the study

44 | P a g e

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 45: human resource development

The project report covers the human resource development and variables For better

understanding various strategies with different situations and actions have been given its also

includes the challenges and prospects for the human resource development in industries

India Here the researcher collected the recent year data the study extends the knowledge of

human resource development in India Here the mainly consider about pharmaceutical

industries to completing the research project report

To prepare Human Resource Development Climate Manager and Supervisorrsquos

responsibilities are more or we can say that they are the key players Manager and

Supervisors have to help the employees to develop the competencies in the employees To

help the employees at lower level they need to updated properly and they need to share their

expertise and experience with employees

Research Methodology

45 | P a g e

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 46: human resource development

Research as ldquoA systematic investigation including- research development testing and

evaluation designed to develop or contribute to generalizable knowledge Activities which

meet this definition constitute research for purposes of this policy whether or not they are

conducted or supported under a program which is considered research for other purposes For

example some demonstration and service programs may include research activitiesrdquo

Introduction

According to Cassel C amp Symon G (2004) all research involves data collection

and analysis whether through observation reading measurement asking question or a

combination of these or other strategies The collection of the data and for research may

however vary considerably in its characteristics In simple words research can be primary or

secondary In primary research the collection of data is specifically for study at hand It can

be obtained by communicating directly or indirectly with the subject or directly by the

investigator Qualitative research and quantitative research are included in the direct

communication techniques For the purpose of this research a combination of primary and

secondary data has been used and under primary although largely quantitative data was

collected room for qualitative data was made available whenever thought necessary

Methods of Collection of Data

Flower (1985) opines the choice of collection of data mode-mail personal interview

group administration or telephone is directly related to the sample frame research topic

characteristics of sample and the resources available it has implication of rates of response

question form and survey costs As mentioned earlier that there are two main researches

which are primary and secondary research

Primary Research

Primary research is conducting original research to obtain a variety of social indicators that

can help to determine the risk of community and protective factors identify community

46 | P a g e

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 47: human resource development

resources and determine community readiness for prevention efforts For instance primary

research can involve researching community laws and surveys to determine norms gaps

attitudes or social services Some methods of conducting primary research are as follows

1048707 Questionnaires

1048707 Experimentation

1048707 Observation

1048707 Documentary Sources

Secondary Research

Secondary research as ldquodata which already exist in some form having been collected for a

different purpose perhaps even by a different organization and which might be useful in

solving a current problemrdquo Although secondary research less expensive than primary

research it is not always accurate useful as specific custom-made research There are

various sources available to the marketer and the following list is by no means conclusive

1048707 Census data

1048707 Public records

1048707 Business libraries

1048707 Trade directories

1048707 Trade Associations

1048707 Websites

1048707 Omnibus surveys

1048707 Published company accounts

1048707 previously gathered marketing research

1048707 Informal contracts

1048707 National International governments

1048707 Professional institutes and organizations

47 | P a g e

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 48: human resource development

1048707 National and local press Industry magazines

Types of Secondary data include

There are basically two types of research ofresearch methods qualitative and

quantitative Silverman (2000) opines that the danger in the title however is it seems to

assume a fixed preference or pre-defined evaluation of what is good (ie qualitative) and bad

(ie quantitative) research

Research Process

ldquoThe research process is the step-by-step procedure of developing ones research mdash

and research paper However one can seldom progress in step-by-step fashion as such It is

often necessary to revise an initial research plan The research process involves identifying

locating assessing analyzing and then developing and expressing your ideas These are the

same skills that will be needed in the post-university real world when you produce reports

proposals or other research for your employer All of these activities will be based on

primary and secondary sources from which recommendations or plans are formulatedrdquo There

is no fixed number of stages to be followed since it varies from research to research At the

same time every research process does in reality follow a common trend in its completion

This includes formulating and clarifying a topic reviewing the literature choosing a strategy

collecting the data analyzing the data collected and finally writing up

Research Design

Naresh K Malhotra (2004) opines that research design is a blueprint or framework for

conducting the research project It is in simple words a plan for study that guides the

48 | P a g e

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 49: human resource development

collection and analysis of data It in fact is the central part of any activity involving any

work of research It serves as a guide to the investigation methods the instruments in

research used nature of data with the sampling frame and plan One of its key features should

be to hold the parts and phases of the enquiry together It should be comprehensive in its

coverage of the work ie it should allow for logic tight-ness precision and effective use of

resources A research design lays the foundation for conducting the project A good research

design will ensure that the research plan is conducted efficiently and effectively

Sampling

Pharmaceutical sectors are chosen for understanding the human resource development

benefits and its factors in Indian industries

Nature and Type of Pharmaceutical Industry

Table- 1

49 | P a g e

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 50: human resource development

Chart- 1

58

17

25

Direct manufactureThird PartyLoan License

Analysis-In the above graph it is showed that nature of pharmaceutical industry are direct

manufacturer are 7 third party 2 and loan license are 3

Interpretation- The above figure shows that the nature and type of Direct Manufacturer

are more than third party and loan license companies

Which is the factor that enforces employees to work with

pharmaceutical industry

50 | P a g e

Direct

manufacturer

Third Party Loan License

7 2 3

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 51: human resource development

Table- 2

Dimensions Impact on stress level Non-impact on

stress level

Job Security 279 456

Social 221 529

Fiscal Equity 338 353

Skill Variety 250 412

Autonomy 176 512

Advancement 418 403

Recognition 338 441

Task Identity 338 559

Feed Back 206 397

Chart- 2

51 | P a g e

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 52: human resource development

Job Securit

ySo

cial

Fisc

al Equity

Skill

Variety

Autonomy

Advancement

Recogn

ition

Task Id

entity

Feed Back

0

10

20

30

40

50

60

456

529

353

412

512

403441

559

397

Impact on stress levelNon-impact on stress level

Analysis-

The above table shows various factors that enforce the employees to

work in a pharmaceutical industry

Interpretation-

From the analysis we came to know that the financial security and

technology soundness is very much necessary for any industry

What are the market shares of pharmaceutical industry

Chart- 3

52 | P a g e

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 53: human resource development

05 1 15 2 25 3 35 4 450

102030405060708090

100

shree prakash pharmaceutical

Lupin

ranbaxy

Analysis-

The above chart shows the market share of the pharmaceutical industry with other industry

Interpretation-

From the analysis we came to know that the market share of pharmaceutical industry is quite

good

No of Employees in Place

Table- 3

53 | P a g e

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 54: human resource development

gender Managerial supervisory

Male 14 6

Female 16 24

worker No Contractual staff

No

skilled 2400 male 1200

unskilled

3000 female 1800

Chart- 3

Male Female0

5

10

15

20

25

1416

6

24

Managerialsupervisory

skilled unskilled0

50010001500200025003000

No

No

male female0

500

1000

1500

2000

No

No

Analysis-

54 | P a g e

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 55: human resource development

The above chart shows that in pharmaceutical mainly 14 male and 16 female work

managerial work and skilled 2400 and unskilled 3000worker in which maximum 1200 male

and 1800 female on contractual basis

Interpretation-

From the analysis researcher comes to know that maximum female handle the managerial and

supervisory works and the unskilled worker is mare than skilled worker

Method of estimating manpower requirements

Table-4

Sr No Method No of companies using this method

1 Work study sampling

9

2 3000Planned productivity estimation

1

55 | P a g e

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 56: human resource development

3Statistical

Methods (Like regression correlation

etc)

1

4 Super annuation -

cum replacement

charts

1

Chart- 4

1 2 3 40

1

2

3

4

5

6

7

8

99

1 1 1

2

Sr NoMethodNo of companies us-ing this method

Analysis

The above chart shows that in pharmaceutical co used method Work study sampling 9

companies 3000Planned productivity estimation used by 1 company Statistical Methods

(Like regression correlation etc) used by 1 company Super annuation cum replacement

charts used by 1 company

Interpretation From the analysis researcher comes to know that maximum

companies used the method of Work study sampling out of 10 companies

56 | P a g e

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 57: human resource development

Findings

In every project report it is considered to be an important part to find and analyze all the facts

and figures been produced by the research work It helps in drawing out final conclusions and

reaching at a final result or to find the solution of the problem for which the research is being

done In the winter project the research is been carried out on the HRD climate of Indian

Industries their layout implementation policies rules and regulations that are been carried

out in an organization The research is done to analyze that whether the HRD structure is

fulfilling the demands of the employees or any need or change is been required in their

schedule or not For that purpose a small questionnaire session is been conducted in order to

57 | P a g e

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 58: human resource development

find out the employeesrsquo views regarding the current HRD Climate implemented in their

organization

In Pharma manufacturing companies policy regarding ratio of skilled employees

supervisor and managerial staff is 6021 hence above graph and table justifies the no

of employees ratio is adequate

Most of the companies pointed out that manpower requirement were determined on

the basis of work study However the work study generally relates to production

orientation Hence a square approach covering the other aspects such as productivity

relation application of statistical methods and replacement on account of promotion

transfers resignation super annuation and punitive action is also needed to be

covered

Amongst all the companies it was observed that they give 100 importance to subject

knowledge ampwork experience for the selection while PHYSICAL abilities amp

psychological attitudes were also carefully scrutinized during the selection process

Probation period for skilled amp unskilled workmen is 6 months whereas for officers it

is 12 months Ideal HR policy reflects the same thing Because the workmenrsquos skill

could be checked actually while working on machine For officers it is actually work

performed by himher hence it is 1 year

Those maximum companies used the method of Work study sampling out of 10

companies

Maximum female handle the managerial and supervisory works and the unskilled

worker is mare than skilled worker

The market share of pharmaceutical industry is quite good

58 | P a g e

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 59: human resource development

Recommendations

After completion of the research work the researcher came to some conclusions which could

help in development amp improvement of trading process This is helpful in future development

of the derivative trading The following points come in the suggestion parts which came after

the analysis and conclusion of the research-

Further Research in this area after a span of yearsrsquo time would be worthwhile to do

because the human resource developments are not stable

A research based on pharmaceutical sectors and new company may be come in future

59 | P a g e

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 60: human resource development

Since human resource development depends on company on a large scale and they are

of a very fluctuating nature further research on exchange rate would be prudent

At the same time research on the interest rate would be sensible because as human

resource have a fluctuating nature variables depends upon the manpower of any country for

its progress and on the whole interest rate are co-related with the human resource

management

In the pharmaceuticals market more scripts are required in the human resource

development segment

To have a consistent method of HRD for losses and gains from the HRM a proper

framework to HRD for needs to be developed

Harmonization of regulations is required

60 | P a g e

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 61: human resource development

Conclusion

Although an earlier study on the subject has been made there is still a large and wide scope

for scientific study over the HR policies and practices in the pharmaceutical industries

Pharmaceutical industries play a major role in the annual turnover of Indian economy If the

working of these pharmaceutical industries is not smooth and well organized then there is a

possibility that these organizations may collapse resulting in bottlenecks of career of the

employees working in these industries Also it will affect the well being of the consumers

since pharmaceutical industries are directly related to the public health

Over the HR policies amp practices was done however the study did not stretch up to the

pharmaceutical industries Due to globalization liberalization and liberal polices of Indian

Govt the small middle as well as the large scale Pharmaceutical companies are on the way

61 | P a g e

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 62: human resource development

of expansion amalgamation joint ventures enriching present market with penetration and

concentration therein Hence there is a growing need for skilled and scientific study of

Human Resource Management in these Pharmaceutical companies Privatization

introduction of new technology latest machinery are all responsible for the expansion of the

companies however the HRM study focuses on the utilization of manpower which is the need

of the Day Proper utilization of manpower helps in the growth expansion and success of the

company and study of HRM policies and practices deals with this utilization of manpower

and hence the need of the Day

Human resource development plays a very important role in the up-bringing of an

organization it plays a major role in the any industry

Today with the help of human resource development the Indian market has recently

rocketed up to become Asiarsquos fourth largest exchange traded derivatives market

In terms of growth of derivative markets and a variety of derivatives users the Indian

market has exceeded or equaled many other Indian markets

The variety of instruments in human resource development instruments available for

developing

Corporations private sectors institutions state-owned and smaller companies are

gradually getting into the act

62 | P a g e

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 63: human resource development

Limitation

The time available to conduct the study is little it being a wide topic has a limited

time

Limited resources are available to collect the information about the human resource

development

Pharmaceutical market is so much volatile and it is difficult to forecast anything about

it whether you trade online or offline

Some of the aspects may not be covered in my study its gives knowledge about

human resource development small prospects and its challenges

In a rapidly changing industry analysis on one day or in one segment can change very

quickly The environmental changes are vital to be considered in order to assimilate

63 | P a g e

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 64: human resource development

the findings

The foremost limitation is regarding the sources of information The information

contained has been obtained from sources believed to be reliable and in good faith

but which may not be verified independently

The limitation is that some of the calculations are based on certain assumptions

considered appropriate

Using several statistical tools derives the estimates Hence the findings obviously

carry all the limitations of the statistical tools used

Same sets of data from different sources are different Since not all the data are

available from a single source an attempt has been made to standardize the data

wherever required which is essential to maintain uniformity throughout the project

The aggregate figures for various parameters are subject to exclusion or inclusion of

various constituent variables While sincere efforts are made to ensure the absence of

mismatch the extent to which this can be done is limited

64 | P a g e

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 65: human resource development

Bibliography amp References

Books Referred -

A Srikanth and AnupMenon (2003) ndash Index Futures - the Scope of Arbitrage

Alan C Shapiro (2000) Prentice- Hall ndash lsquoMultinational Financial Managementrsquo

Bansal M Bansal N (2003) - Derivatives amp Financial Innovations Bombay Stock

Exchange

Bharti V (1999)Pathak Pearson Education ndash lsquoIndian Financial Systemrsquo

Blaxter (1997) ndash How to Research

David Silverman (2000) ndash Do Qualitative research

Dr NarendraJhadav (2000) ndash Indian Banking

Donald S Tull and Del I Hawkins (1993)- Marketing Research

E Sirisha (2001) ndash Stock Market Derivatives Role of Indices ( 2ndEdition)

65 | P a g e

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 66: human resource development

Flower (1985) ndash How to collect Data

G R K Murty (2000) ndash Indian Derivatives Market Issues at Stake

Hathaway (1995) ndash Qualitative VS Qualitative research analysis

Hull J (1995) ndash Introduction to Futures and Options Market (1st Edition)

J Marlowe (2000) ndash Hedging Currency Risk and Options and Futures

Journals Referred-

Dhingra G (2010) lsquoAn understanding of financial derivatives of financial

derivativesrsquo The Chartered Accountant March

Kandathil C(2009) lsquoIndian Derivatives Markets ndash Structural Issuesrsquo Chartered

Financial Analyst December

Gulati S (2011)lsquoCurreny Optionsrsquo Chartered Financial Analyst November

Sisodiya AS(2008)lsquoCredit Derivatives Is Indian Banking Sector Readyrsquo Chartered

Financial Analyst July

Website Referred- Web1 Derivative Definition (Online) (Cited on 27thApril 2013) Available from

ltwwwcperformancecomglossaryhtmgt

Web 2 Definition of Forward Contract (Online) (Cited on 29thApril 2006) Available

from ltwwwersusdagovBriefingRiskManagementglossaryhtmgt

66 | P a g e

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact
Page 67: human resource development

Web 2 Definition of Forward Contract (Online) (Cited on 30thApril 2006) Available

from lthttpwikipediaorgwikiForward_contractgt

Web 3 Definition of Futures Contract (Online) (Cited on 1thMay2006) Available

from lthttpenwikipediaorgwikiFutures_contractgt

Web 4 Definition of Futures Contract (Online) (Cited on 2thJuly 2006) Available

from lthttpwwwinvestorwordscom2136futures_contracthtmlgt

NSE amp BSE home page

67 | P a g e

  • Factors that Affecting Organizationrsquos Human Resources from outside the Organization
    • 1 Technological Innovation
    • 2 Economic Factors
    • 3 Employeersquos Organizations
    • 4 Labor Markets
    • 5 Changing Demand of Employers
    • 6 Legal Factors
    • 7 Human Resource in the Country
      • In recent years Human Resource Development (HRD) has emerged as a distinct area of concern in organiza- tions This paper presents an overview of HRD practices in a variety of Indian organizations and identifies areas that need attention of HRD managers and academicians There are three distinctly identifiable approaches among Indian organizations that have formal HRD programmes (a) Man-Centered Approach (b) Recipro- cal Approach and (c) Selective Approach Although in practice there are overlaps among these approaches this classification is useful for discussing the various patterns of HRD management
      • Man-Centered Approach
      • Based on humanistic considerations HRD according to this approach is a philosophy shared by managements that believe development of people to be their primary responsibility This belief governs personnel welfare and other organizational policies and practices concern- ing its employees Factors like promoting trust open communication authenticity in interpersonal relation- ships and welfare of employees and their families are given top priority Development of people thus be- comes an end in itself in such organizations The assumption underlying this approach is that improving an employees capability and developing himher is solely the responsibility of the employer and therefore should be pursued as a programme This style of management favors personalized relation- ships It is more likely to be found in family-managed organizations than in those managed by paid chief executives Such organizations have progressive welfare practices for employees and their families and a managerial orientation which can be described as paternal They follow practices that are way beyond what is required by law with respect to matters like health education housing retirement benefits and canteen facilities J N Tata Shri Ram Walchand Hirachand T V Sundaram lyengar and a few other industrialists started welfare practices much before legislations on these matters were even framed This approach emphasizes the salience of extrinsic job factors Management-employee relationships are generally informal The senior management staff attends to the well-being of employees at all levels Trust and confidence between employees and the employer is built through personalized relation- ships This often enables managers to practice openness in their relationships The most important feature in such organizations is the confidence the employees have in the chief executive He is a father figure and is respected by employees at all levels
      • HRD IN PHARMACEUTICAL SECTOR
      • Human Resources Management has been considered as very vital aspect right from inception manpower planning induction training programme development amp promotion In every particular area HR Department helps for increasing the productivity amp organizational goals both in long time and short time in the changing environment either for existence or for stability For growth the contribution of HR department is immeasurable though a considerable work has been done in this particular area a lot more is to be done There is a change of concept from HRM to strategic HRM Indian pharma industry is facing a considerable change in its aims objectives parameters of growth in changing scenario on account of globalization at the corporate level merger acquisition phases are taking made abreast intrinsic life style health care and health consciousness and caution‟s has risen such an unimaginable heights never before an attempt is made here to focus on issue of development of HR practices in pharmaceutical industries While in the pursuit of this search a reference has been given to the earlier research in the field to avoid the repetition but some of the points have been thought in the uncommon and different ways In the air of globalization free economy disinvestments policy privatization of public sector amp privatization of health matter on the agenda of central government a versatile thinking amp square approach is made in this particular project Availability of information to the public on general data amp information available on net face to face interviews with the authorities formal amp informal conversations even at the grass root level response to the pre-designed questionnaire has helped in this research work though there is an accessibility amp proximity to the present principles procedures amp practices in HRM of every organization Every organization has got its unique way of approach coupled with secrecy amp confidentiality the limitations on accounts of this has a major hurdle in the work undertaken The survey carried out is for 12 pharma companies in the vicinity of Pimpri Chinchwad Industrial Belt as well as Pune District This is a representative survey of different companies having different policies amp distinct approaches thus the conclusion inferred after research can be if immense help to the other organization in the pharma industries for guidance reference amp comparison to cost in future their approach to manpower planning amp HRM Human Resource Development is concerned with people dimensions of the organization The organization objectives can be best achieved by acquiring human resources develop them cast them for our need amp motivate them for still better performance and ensure that they continue to maintain their involvement commitment loyalty to the organizational The Human Resource Development basically consists of three c‟s ie competencies commitment and culture During 1980 it was Larsen and Turbo Ltd who introduced the concept of Human Resource Development and Practice in Indian Industry Earlier to that personnel functions were used traditionally ie to look after salary administration absenteeism new employment and maintenance of industrial relation The employee was viewed in terms of laws and procedures laid down by personnel management but the management realized the importance of man above money machine and material Hence the concept of human resource development was introduced and gained ground
      • Human resource management is a system a philosophy policy and practices that can influence individuals working in an organization 1 An effective and competitive human resource is the key strength of organizations in facing the challenges of business today HRM is the part of an organization that is concerned with people working in an organization 2 Successful organizations recognize the significance of human element in the organizational success and emphasize on their development satisfaction commitment and motivation in order to attain desired objectives 3 Sustainable development of a company depends upon effective management of human resources The importance of human resource management in healthcare lies in the fact that a well-managed human resource department is vital for the delivery of efficient and quality healthcare services 1 When examining the role of human resource management in healthcare system from a global perspective many challenges exist either internally or externally which adversely affect the delivery of quality healthcare services In developed countries the human resource managers have indentified the challenges they face and have developed different strategies to overcome these challenges 5
      • But in developing countries like India they are still facing many challenges 6
      • The scope of HRM is very vast and it consists of
      • a Human Resource planning
      • b Recruitment and selection
      • c Training and development
      • d Organizational development
      • e Career development
      • f Job Design
      • g Performance Management System
      • h Compensation and Benefits
      • There are as such no standard guidelines laid down by Government authorities and private organizations Standard HR policies and practices differ from organization to organization depending upon size type purpose classification and location of the organization These guidelines are designed and tailored as per the need of the hour and also organization as well as Government regulations The data groups of industries have laid down the standard guidelines for their organizational set up They do not follow the guidelines set up by other organizations as the other organizations follow their own guidelines This is so because these organizations have laid down their own guidelines on the basis of their own experience expectations and to serve their primitive purpose Hence as said earlier no standard guidelines have been laid down and as such they differ from organization to organization In the wake of globalization and privatization policy the organizations have to adopt innovative ways to survive and to remain in competition It is being realized that Human factor gives competitive advantage to the organization If human resources are treated as assets and by carefully nurturing their creativity competence the organization can successfully accept the challenges and encounter in a fast changing business environment all organizations with enterprising enthusiastic competent motivated and satisfied work force will remain successful Creation of human assets calls for formulating appraisal policies and practices in every developmental stage viz planning acquisition nurturing developing motivating rewarding and retaining of manpower It calls for integrated policies with a strategic planning of the organization and also aligning with a conclusive culture and climate The policies have been such that it develops a culture of learning encourages teamwork and result in enhanced performance The practices should be such that the employee remains committed to the organization and adds value to the business In the formal analysis the HR policies and practices should have impact on bottom line of the organization Our great Earth is dominated by human beings Human race that evolved throughout the great ages of struggle and development has brought about civilizations of spectacular and tremendous developments in all the fields of human activity Scientific developments and splendid techniques have contributed to the development and progress in agriculture industry engineering medicine and pharmacy To meet the requirements of human beings for their existence and qualitative living human resources have been nurtured and developed Industry thrives not only on money machines and materials but more especially on human endeavors Mother India has been marching along the path of progressive independence Along with industrial and economic development health care arid quality of human life have been emphasized as a ldquomustrdquo for the promotion of human welfare Pharmaceutical industry plays ldquoa key-role in promoting quality in health-care Human ailments physical mental are caused by the exigencies and circumstances of urbanized life-styles Cut throat competition struggle for survival in rat race nonmoving jobs addition oily spicy and to enhance life-expectancy and promote healthy living the research and development departments in the organizations of pharmacy and medicine need tremendous boost in terms of trained and talented and committed human resources This requirement which is increasing day by day necessitates the development of human resources The parameter of progress of pharmaceutical productivity consists of the excellence of human resources in pharmaceutical industry This encircles readily available economically affordable with consistent standard quality without side effect and result oriented medicines Proximity and accessibility of medicines is in tune with existing need of the user The lives saving medicines are as important as food water air and sunlight The govt should create a regulatory body for monitoring the affordable price availability and quality
      • Relevance of HR Development
      • Human resource development plays a significant role in bdquopharmacy‟ mainly because pharmacy does merely deliver products of health-care but quality‟ of great-care Through innovations in formulations and preparations of drugs the drug manufacturers both in the public and private sector have been contributing significantly to the growth of pharmacy The growth of drug manufacturing industries actually or accelerated during the 1960s even though way back in 1930 the Bengal Chemicals and Pharmaceutical works in Calcutta started drug manufacturing activity in India Further the Planets Act in 1970 paved the way for progress Human Resource talents contributed to the growth of the Indian and world markets with their expertise in reverse-eI1gineering new procedures for manufacturing drugs at comparatively low costs Development of human resources in the pharmaceutical industry lead to rapid strides in drug innovation especially in large drug manufacturing companies in India Noticeable changes in the life style spectacular pay hike in certain sectors [eg IT industry] unscheduled working hours during long night hours [eg BPO service centers] nuclear families craze for fast food and addiction etc leads to ill health To restrict repercussions new drugs are to be invented The Indian Pharmaceutical Industry today
      • What is needed to Develop Organizational Climate in Organization
      • Top to Bottom effort - Organization is considered to be complete organization after including top authority to bottom line of workers And whenever we talk about development at organizational level effort is needed from top level to bottom level Top authority should not have thinking in their mind that their task is to only take decisions but they should also emphasized on proper implementation of decision by adopting various controlling technique Bottom level workers should have loyal mind-set towards their organization Bottom level workers have to work with dedication They should have realization that organization is their organization
      • Motivator role of Manager and Supervisor - To prepare Human Resource Development Climate Manager and Supervisorrsquos responsibilities are more or we can say that they are the key players Manager and Supervisors have to help the employees to develop the competencies in the employees To help the employees at lower level they need to updated properly and they need to share their expertise and experience with employees
      • Faith upon employees - In the process of developing HRD Climate employer should have faith on its employeersquos capabilities Means whatever amount is invested that should be based on development of employees Top management should trust the employees that after making huge effort to develop employees employees will work for the well being of organization and for human being also
      • Free expression of Feelings - Whatever Top management feels about employees they have to express to employees and whatever employees think about top management it must be express in other words we can say that there should not be anything hidden while communication process Clear communication process will help to establish the HRD Climate
      • Feedback - Feedback should be taken regularly to know the drawbacks in system This will help to gain confidence in employees mind Employee will trust on management and he can express his opinion freely which is very good for HRD Climate Feedback will help to remove the weakness
      • Helpful nature of employees - Whenever we talk about 100 effort then we have to talk about employeersquos effort too Nature of employees should be helping for management and for its colleagues They should be always read to help to customers too
      • Supportive personnel management - Personnel policies of organization should motivate employees to contribute more from their part Top managementrsquos philosophy should be clear towards Human Resource and its well being to encourage the employees
      • Encouraging and risk taking experimentation - Employees should be motivated by giving them authority to take decision This concept is risky but gradually it will bring expertise in employees to handle similar situation in future It will help to develop confidence in employees mind Organization can utilize and develop employees more by assigning risky task
      • Discouraging stereotypes and favoritism - Management need to avoid those practices which lead to favoritism Management and Managers need to give equal importance Those people who are performing good they need to appreciate and those who are not performing well they need to be guided Any kind of partial behavior should be avoided
      • Team Spirit - There must be feeling of belongingness among the employees and also willingness to work as a team
      • Measuring HRD Climate
      • Economic condition ndash An organizationrsquos economic condition influences its culture in several ways The more prosperous an organization is the more it can afford to spend on research and the more it can afford to risk and be adventurous
      • Leadership Style - An organization leadership style plays a profound role in determining several aspects of its culture An authoritarian style may make the organizationrsquos culture characterized by high position structure low individual autonomy low reward orientation low warmth and support and so on or it may be opposite like goal directed leadership
      • Managerial assumption about human nature - Every act on the part of the management that involves human beings is predicated upon assumptions generalizations and hypotheses relating to human behavior There are two theories of behavior (Theory X and Theory Y)
      • Managerial values and ethos - The feeling of managers about norms and values what is good and what is poor as management practice There are few dimensions on which it can be checked They are ndash self-awareness risk-taking participation bureaucracy equity employeersquos security and growth
      • Organization size - An small organizations there are few levels of management these are generally more amenable to democratic and participative functioning than big organizations More open communication system in small organizations Hence these organizations have a different type of climate than what are in big organizations
      • HRD mdash SOME CONCEPTS
      • HRD is mainly concerned with developing the skill knowledge and competencies of people and it is people-oriented concept When we call it as a people-oriented concept the question of people being developed in the larger or national context or in the smaller organizational context Is it different at the macro and micro level HRD can be applied both for the national level and organizational level But many personnel managers and organizations view HRD as synonymous to training and development Many organizations in the country renamed their training departments as HRD departments Surprisingly some organizations renamed their personnel department as HRD departments Some educational institutions started awarding degrees and diplomas in HRD even though the concept is not yet crystal clear HRD from organizational point of view is a process in which the employees of an organization are helpedmotivated to acquire and develop technical managerial and behavioral knowledge skills and abilities and mould the values beliefs attitude necessary to perform present and future roles by realizing highest human potential with a view to contribute positively to the organizational group individual and social goals A comparative analysis of these definitions shows that the third definition seems to be comprehensive and elaborate as it deals with the developmental aspects of all the components of human resources Further it deals with all types of skills the present and future organizational needs and aspect of contribution to not only organizational also other goals The analysis of the third definition further shows that there are three aspects viz
      • 1 Employees of an organization are helped motivated
      • 2 Acquire develop and mould various aspects of human resources and
      • 3 Contribute to the organizational group individual and social goals
      • The first aspect deals with helping and motivating factors for HRD These factors may be called acirceuro˜Enabling factors which include Organization structure organizational climate HRD climate HRD knowledge and skills to managers human resource planning recruitment and selection The second aspect deals with the techniques or methods which are the means to acquire develop and mould the various human resources These techniques include Performance appraisal Potential appraisal Career planning and Development Training Management development Organizational development Social and Cultural programs and Workers participation in management and quality circles The third category includes the outcomes contribution of the HRD process to the goals of the organization group individuals and the society
      • HRD climate and communication
      • The communications that arise not out of formal relations between people but out of informal or social relationship is called the grapevine or informal communication The management has no absolute control over this type of communication as they neither created nor destroyed it Communication need not flow through authority- responsibility relationship or channels of organization in informal communications In informal communication there is no formal superior subordinate relationship
      • The informal communication does both good and bad to the organization The advantages of informal communication are
      • 1 It acts as a driving force to untie the workforce in cases of common matters
      • 2 It saves time and energy as the information flows at high speed
      • 3 It has immediate response from the receiver
      • 4 It provides the scope for creation of new ideas
      • 5 It satisfies the communication needs of various employees
      • 6 It provides scope for immediate feedback
      • Informal communication suffers from various drawbacks They are
      • a Informal communication sometimes spreads wrong information and rumors
      • b It distorts information
      • c Grapevine provides only inadequate information
      • d Information provided through grapevine has no formal authority and
      • e It overlooks superiors
      • The most effective communication results when managers utilize the informal organization to supplement the communication channels of the formal organization It should be remembered that it is a part of the manager job to have a little control over this informal communication so that he can take the appropriate action to minimize the adverse effect of this channel Organizational climate is very important in the context of communication Organizational climate is the summary perception which people have about an organization It is thus a global expression of what the organization is Organizational climate refers to a system of shared meaning held by members that distinguishes the organization from other organizations
      • The characteristics of organizational climate are
      • 1 Individual Initiative The degree of responsibility freedom and independence that individuals have
      • 2 Risk Tolerance The degree to which employees are encouraged to be aggressive innovative and risk-seeking
      • 3 Direction The degree to which the organization creates clear objectives and performance expectations
      • 4 Integration The degree to which units within the organization are encouraged to operate in a coordinated manner
      • 5 Management Support The degree to which managers provide clear communication assistance and support to their subordinates
      • 6 Control The number of rules and regulations and the amount of direct supervision that is used to oversee and control employee behavior
      • 7 Identity The degree to which members identify with the organization as a whole rather than with their particular workgroup or field of professional expertise
      • 8 Reward System The degree to which reward allocations are based on employee performance
      • 9 Conflict Tolerance The degree to which employees are encouraged to air conflicts and criticisms
      • 10 Communication Patterns The degree to which organizational communications are restricted to the formal hierarchy of authority
      • Communicating with the Employees
      • Both formal as well as informal communication channels are used to communicate with the employees In addition to following written communication oral and nonverbal communication should be relied upon In addition to downward communication to communicate rules procedures and programs of the organization to employees employees should also be encouraged to communicate to their superiors In order to make use of team work all channels of communication or star communication pattern should be encouraged Interpersonal communication should be encouraged with a view to develop interpersonal relations Employees should also be encouraged to develop effective and active listening skills
      • WHAT CONTRIBUTES TO HRD CLIMATE
      • The following factors may be considered as contributing to HRD climate
      • 1) Top Management Style and Philosophy A developmental style a belief in the capability of people participative approach openness and receptivity to suggestions from the subordinates are some of the dimensions that contribute to the creation of a positive HRD climate
      • 2) Personnel Policies Personnel policies that show high concern for employees that emphasis equity and objectivity in appraisals policies that emphasis sufficient resource allocation for welfare and developmental activities policies that emphasis a collaborative attitude and trust among the people go a long way in creating the HRD climate
      • 3) HRD Instruments and Systems A number of HRD instruments have been found to generate a good HRD climate Particularly open systems of appraisal with emphasis of counseling career development systems informal training mechanisms potential development systems etc contribute to HRD climate
      • 4) Self-renewal Mechanisms Organizations that have built in self-renewal mechanisms are likely to generate a positive HRD climate
      • 5) Attitudes of Personnel and URD Staff A helpful and supportive attitude on the part of HRD and personnel people plays a very critical role in generating the HRD climate If the personal behavior of any of these agents is not supportive the HRD climate is likely to be vitiated
      • 6) Commitment or Line Managers The commitment of line managers to the development of their subordinates is a very important determiner of HRD climate If line managers are willing to spend a part of their time for their subordinates it is likely to have a positive impact