Professional Documents
Culture Documents
Table of Content
Index
Page
Acknowledgment
Company Overview
Compensation Management
Compensation
Rewarding system
Salary
Probation
Recommendations
10
List of Abbreviations
10
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Acknowledgment
My heartfelt gratitude goes out to our module Instructor Ms. Pavithra wikramasuriya for
providing with relevant information and guiding us throughout the module.
My sincere thanks go to
Mr. Ranjith Head of the Department of Human Resource Division Of Powernet (Pvt) Ltd for the
support and the guidance provided to make this project a success.
Company Overview
Powernet (Pvt) Ltd is poised for Information Technology challenge of the new world, from
design to implementation, maintenance. This one stop solution approach is what distinguishes us
as a leader in the infrastructure cabling market.
Powernet (Pvt) Ltd is a 100% Sri Lankan company based in Colombo with business focus to
cover the entire country with an annual turnover of around 65 Million. As an established
organization with a permanent staff of 90 and contractual staff of 50 at our disposal, we forge
ahead with dynamic plans to broaden our market presence. We aim to give our customers more
products and provide the easiest and most integrated access to our broad based cabling solutions.
Just as we are dynamically pursuing our ambition, your needs will always be looked after as we
embrace this new optimism and grow together as one.
As a developing country Sri Lanka today is focused on an IT enabled community to strike
shoulders with the rest of the world. To support this endeavor we deliver a wide range of
Products and Services to benefit the customer requirements.
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Assistant to
HR
Manager
Assistant to
HR
Manager
HR Helper
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Job Analysis
Specification of
people/task
requirements of jobs
Human Resource
Specification
Specification of Human
Resources Requirements
Recruitment
A Pool of qualified
candidates
Initial Screening
A Smaller Pool of
qualified candidates
Selection
New Employees
Orientation
Understanding of
Company /
Departmental Policies,
Procedures and benefits
Placement
Optimal match of
employee talents with
Organizational needs
Training
Competence to perform
present or future job
requirements
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Application
Original Resume
Copies of academic certificates
Birth certificated copy
Four number of photographs (passport size)
National Identity card copy
Interview evaluation form and test result
Two references with complete name, address, designation and contact number.
Compensation Management
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Compensation
At a broad level, and organizational reward system includes anything and employee values and
desires that an employer is able and willing to offer in exchange for employee contribution. More
specifically, the reward system includes both financial and nonfinancial Rewards. Financial
rewards include direct payments (e.g. salary) plus indirect payments in the form of employee
benefits. Compensation program also manage in the time office. Salaries are paid to the daily
wages, contract and permanent employees according to their designation. Salaries and plus
benefits also provide to the employees.
Reward System
Financial
1. Direct payments
2. Bonus
3. Overtime
Non-financial
1.
2.
3.
4.
5.
Petrol + Maintenance
Protection Program
Accommodation
Utilities bills
Vehicles
Salary
Salary of all the workers permanent and temporary (Daily Wages) is prepared in time office with
the help of attendance register. Salary of permanent employee is prepared at the last of month
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and the salary of daily wages workers twice a month. The increment is made when a worker
complete one year in service. Following deductions are made for preparation of salary. The
increment is made when a worker complete one year in-service. Following deductions are made
for preparation of salary.
Probation Period
In Powernet (Pvt) Ltd the probation period of new employees three to six months in the
probation period employee works routine wise. There is no leave granted during the probation
period. In the probation period employee efficiency and effectiveness has been check the
permanent recruitment depends on the efficiency and effectiveness of the employee. The
probation period is necessary for the newly hire employee it is the basis for permanent employee
if the probation period of the employee is satisfactory the employee will be hire permanently if
the probation is not satisfactory level then the employee will be dismiss. During the probation
period the salary will be given to the selected candidate the salary will be start from the first
month
4. HRM Department of Powernet (Pvt) Ltd is not working professionally. Only two to three
persons are handling all the work.
Recommendations
1. In Powernet (Pvt) Ltd Human Resource Department must expand the strength of its
2.
3.
4.
5.
6.
employees.
Assess current Human Resource standards & generate human resources inventory.
Assess future Human Resources needs by organizations strategies & future programs.
To know development & training needs of employees.
Anticipate direction for future performance
Formal training conduct with the planning/efforts of Department.
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7. Perform all the functions of Human Resource Department more efficiently and effectively.
List of Abbreviations
HRM
PVT
Private
Ltd
Limited
IT
Information Technology
MD
Managing Director
Thank you .
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