Project on Human Resource Planning For

Group members :

1. PRAVIN NIKHARE 2. GEETANJALI TYAGI 3. PRIYANKA MATHUR 4. KAVITA AHIRE 5. KIRTHIKA VENKATACHALAM 6. SHRADHA TIWARI

Date: 08-09-2012

Submitted to : Leena Nandanwar

HUMAN RESOURCE PLANNING

Human resources planning is a process that identifies current and future human resources needs for an organization to achieve it goals. Human resources planning should serve as a link between human resources management and the overall strategic plan of an organization. Ageing worker populations in most western countries and growing demands for qualified workers in developing economies have underscored the importance of effective Human Resources Planning. The planning processes of most best practice organizations not only define what will be accomplished within a given timeframe, but also the numbers and types of human resources that will be needed to achieve the defined business goals (e.g., number of human resources; the required competencies; when the resources will be needed; etc.). Competency-based management supports the integration of human resources planning with business planning by allowing organizations to assess the current human resource capacity based on their competencies against the capacity needed to achieve the vision, mission and business goals of the organization. Targeted human resource strategies, plans and programs to address gaps (e.g., hiring / staffing; learning; career development; succession management; etc.) are then designed, developed and implemented to close the gaps. These strategies and programs are monitored and evaluated on a regular basis to ensure that they are moving the organizations in the desired direction, including closing employee competency gaps, and corrections are made as needed Establish a Competency Architecture and Competency Dictionary that will support Strategic Human Resource Planning. For each group to be profiled, define the roles and career streams to help identify current and future human resources needs. Determine how competencies will be integrated with the existing HR Planning process and systems (e.g., Human Resource Information Management systems; other computer-based tools, for example forecasting models).

Build or revamp HR Planning tools, templates and processes to incorporate elements as determined in Stage 1. Train managers and / or facilitate corporate HR Planning process. Continuously monitor and improve processes, tools and systems to support HR Planning

About Vtoquinol
Company Profile Industry Company type Sector : Pharmaceutical Labs : MNC : Private sector

Vtoquinol is a family-owned, independent company devoted exclusively and passionately to animal health. Like the vets, Vtoquinol puts a lot of effort into nursing animals and improving their well-being. Historically based in France Vtoquinol is first and foremost an independent, family-owned business. 10th largest veterinary pharmaceutical company in the world and the 3rd largest dedicated to animal health. Vtoquinol currently develops, produces and distributes a wide range of more than 700 medical and non-medical products in Europe, Americas and Asia-Pacific. Deeply committed to its values, it has always enjoyed a close relationship with its vet clients. Vtoquinol puts a lot of effort into nursing animals and improving their well-being. Vtoquinols growth and development strategy focuses on innovation Vtoquinols product portfolio is equally divided betweenlivestock such as cattle and pigs, companion animals such as dogs and cats and also includes most therapeutic categories. With a presence in 23 countries through its subsidiaries, its strong network of 140 distributor partners provides visibility for its products in more than 100 countries. Vtoquinol chose to fully invest in animal health and to control the key activities of its skill : R&D, Manufacturing and Marketing and Sales of medicines and nutraceuticals.

Objectives & Goals

Innovation:

Innovation management is the discipline of managing processes in innovation. It can be used to develop both product and organizational innovation. Without proper processes, it is not possible for R&D to be efficient; innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of goals and processes.
By developing new products Capitalizing on existing products.

Growth:

Vtoquinol trades throughout Europe, Americas, Africa, the Middle East and Asia Pacific. Through our subsidiaries, we have direct representation in 23 countries employing 1750 people and an established distribution network in over eighty countries. With a presence in 23 countries through its subsidiaries, its strong network of 140 distributor partners provides visibility for its products in more than 100 countries. Through expansion of the business

. Continuous improvement: A continual improvement process, also often called a continuous improvement process, is an ongoing effort to improve products, services, or processes. These efforts can seek "incremental" improvement over time or "breakthrough" improvement all at once.[1] Delivery (customer valued) processes are constantly evaluated and improved in the light of their efficiency, effectiveness and flexibility.

In all the departments of the company

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Build Customer Loyalty:

Every business owner wants to have loyal customers that love their business. But if you want loyalty, you have to give it. Commit yourself to excellence in these five key areas and your customers will reward you with their repeat business and dedication. Through value added products

Maintaining world class service standards:

Each members of the service team has a high level of personal responsibility towards the customer and the behaviors of great service personal are distinct from the skill set.

Demand Forecasting for Marketing Dept. Weighted Average Method

Forecasting human resource demand is the process of estimating the future human resource requirement of right quality and right number. Potential human resource requirement is to be estimated keeping in view the organizations plans over a given period of time.

Years 2008 2009 2010 2011 2012 2013

No of employees(xi) 120 165 215 233 275 ?

Wi 1 2 3 4 5

(xi.wi) 120 330 645 932 1375

xi.wi=3402
Mean=xi.wi/N = 3402/5 =680.4 = 680 appox. Expected (2013)= 680/6 =113.
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So , demand forecast for employees in 2013 is 113

SURVIVAL RATIO: for year 2011-2012

NO. OF EMPLOYEES REMAINED NO. OF EMPLOYEES ENGAGED IN THE BEGINNING OF THE YEAR 100

18 100 42-18

(233-215) (275-233)

= 18 100 24 = 75%

Therefore survival ratio for the year2011-2012 of Vetoquinol is 75%.

Sources of Supply

1. TIE-UPS WITH CONSULTANCY:

Vetoquinol India Animal Health Pvt Ltd has its tie ups with the following Rich Consultancy. Veterinarins Consultants.

consultancies.

2. PROMOTIONS: Vetoquinol India Animal Health Pvt Ltd gives 30% increase on the basic salary of the employee with designation depending upon the situation.

3. INTERNAL RECRUITMENT :

This refers to the filling of job vacancies from within the business- where existing employees are selected rather than employing someone from outside. A business might decide that it already has the right people with the right skills to do the job, particularly if its training and developing programme has been effective. Vetoquinol India Animal Health Pvt Ltd gives 30% from the salary of the recruited employee to the employee who has given its reference.

4. JOB PORTALS :

Vetoquinol India Animal Health Pvt Ltd also recruits through various job portals.(EG; monster,naukri.com, times job.com etc.)

HR STRATEGIES

HR strategies are carefully linked to the vision mission and overall business strategy of the company.

Employee education plan:

Vetoquinol India Animal Health Pvt Ltd provides 50% of the course fee to the 10 employees on their performance basis.

Delegation of authority
Grants authority to carry out specific functions. Issued by chief elected official, chief executive officer, or agency administrator in writing or verbally. Delegation of authority is also giving the authority to the subordinate to do something which the executives do not have time to do

Training of existing employees (work shops)

Training and Development are important for business and are particularly critical for small organizations. Experienced, component people contribute to the productivity and profitability of the company. Remaining competitive depends in large measure on ensuring that your workforce is
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trained and up to date with ever changing skills and knowledge, especially in todays global economy in which keeping up with the new methods is important.

SUGGESTION/IMPLEMENTATION

ESOPs An employee stock ownership plan (ESOP) is a defined contribution plan that provides a company's workers with an ownership interest in the company. In an ESOP, companies provide their employees with stock ownership, typically at no cost to the employees. Shares are given to employees and are held in the ESOP trust until the employee retires or leaves the company, or earlier diversification opportunities arise.

Benefits for the existing employees Vetoquinol India Animal Health Pvt Ltd provides various benefits to its employees. One of the them is if an employee stays for 6 months = INR) (if he stays for an 18 months = holiday package)

Credit finance for 2-wheeler purchase:

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Vetoquinol India Animal Health Pvt Ltd gives 1000 rs per month for 36 months i.e. (3yrs), if an employee purchase 2 wheeler for office purpose and also looks after the maintenance charges for 3 yrs.

CHANGES IN BUDGETING

Promotion : Promotion is an advancement of an employees rank or position in an organizational hierarchy system

MANAGER-

Per month=45000 Basic=30% of 45000=13500 Increase in salary = 30% of 13500=4050 for per month Therefore; 48600 for per year

SALE EXECUTIVE: Per month=25000 Basic=30% of 25000=7500 Increase in salary = 30% of 7500=2250 for per month Therefore; 27000 for per year
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Internal recruitment: This refers to the filling of job vacancies from within the business- where existing employees are selected rather than employing someone from outside 18% of the appointed employees basic salary for 12 mnths. For eg: 18% of 7500=1350

Cost of Training : Vetoquinol India Animal Health Pvt Ltd incurs following cost on training 1000 per day for 1 new employee. 500 per day for existing employee.

New employees: 301000=30000 Existing employees: 10500=5000

Cost incurred in recruitment through consultancy: Vetoquinol India Animal Health Pvt Ltd incurs following cost on external recruitment. 30 % of the monthly salary till 12 months
For eg: Sales Executive

30% of 7500 =2250 i.e. 27000 for a year

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Employee Education Program: Vetoquinol India Animal Health Pvt Ltd expenditure on employees education program is as follow 50 % of the course fee will be paid by the organization For eg : PGDM in Welingkar institute of management. 50% of 1, 27,000=63500.

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