Analyzing training needs Analyzing training needs

of employees of employees of corporate office of corporate office

of Vardhman Textiles of Vardhman Textiles Ltd.Ltd.

Presented by:Neha Sahi

Largest industry when it comes to employment

Contributes about 34% of total exports

India is the second largest producer of cotton yarns and fifth in production of synthetic fibres and yarns.

Segments of Textile Industry

Processes used in Textile Industry

Leading Textile mills

Set up: 1965Steel:1973Sewing thread:1982 Fabric weaving:1990Acrylic fibre: 1999

Rooted in Values, Creating World Class

Textiles.

Vardhman aims to be world class textile organization producing diverse range of products for the global textile market. Vardhman seeks to achieve customer delight through excellence in manufacturing and customer service based on creative combination of state-of-the-art technology and human resources. Vardhman is committed to be responsible corporate citizen.

Largest exporter of cotton yarns.

Largest range of textile products.

Second largest producer of sewing thread in the country.

First in Indian textile industry to get ISO certification in yarns and sewing thread.

State Number of

units

Punjab 8

Himachal

Pradesh

9

Madhya Pradesh 5

Gujarat 1

Tamil Nadu 1

YarnFabric Sewing threadAcrylic fibre Steel

MISExportsFinanceMarketingHRTaxation EDP & ITProjects & Planning

2007-08 2008-09 2009-10

Current assets (Rs. Lac)

153628.45 161172.29 203654.93

Current liabilities (Rs. Lac)

26204.85 24142.11 26702.47

Current ratio 5.86 6.67 7.62

2007-08 2008-09 2009-10

Quick assets (Rs. Lac)

66592.12 99162.24 92909

Current liabilities (Rs. Lac)

26204.85 24142.11 26702.47

Quick ratio 2.54 4.1 3.47

2007-08 2008-09 2009-10

Debt (Rs. Lac)

239123.43 394594.29 262079.79

Shareholders’ fund (Rs. Lac)

117213.90 127275.03 145584.96

Debt-Equity ratio

2.04 1.95 1.8

Training refers to the process of imparting specific skills.

Development refers to the learning opportunities designed to help employees grow

ObservationInterviewsQuestionnairesJob DescriptionsThe Difficulty AnalysisAppraisal Reviews

Managerial skill developmentQuality improvementComputer skillsTeam building and synergyTraining for new recruitsFunctional programmesCSR programme

To find training requirement spheres for employees at various levels of corporate office of Vardhman Textiles Ltd.

To identify dimensions of training needs according to various departments of corporate office of Vardhman Textiles Ltd.

To know the gap between the expected and actual training program for employees of corporate office of Vardhman Textiles Ltd.

To know the satisfaction level of employees regarding training programs of corporate office of Vardhman Textiles Ltd.

Research design: Descriptive

Sampling oTarget populationoSampling unitoSample sizeoSampling technique: stratified and convenience

Data collection: primary and secondary

LimitationsoReluctance of senior post employees to fill questionnaires

oLukewarm response of employeesoConstrain from organization’s sideoGeneralization of result

Chart 4.1Necessity of training(N=100)

Chart 4.2 Requirement Chart 4.2 Requirement of training per year by of training per year by

employees (N=100)employees (N=100)

Chart 4.3 Training Chart 4.3 Training provided to employees provided to employees

per year (N=100)per year (N=100)

Chart4.4 Gap in expected & actual number of training programs provided. (N=100)

Chart 4.5Selection of correct training program by head of department. (N=100)

Department First preferenceSecond preference

Accounts Job related skillsCross functional training

CommercialCross functional training

Personality development

EDP & IT Job related skills Personality development

Export Job related skills Managerial skills

FinanceCross functional training

Job related skills

HRCross functional training

Managerial skills

Internal Audit Job related skills Managerial skills

Department First preferenceSecond

preference

Law Job related skillsPersonality development

MarketingPersonality development

Managerial skills

MIS Job related skills Managerial skillsProjects and Planning

Job related skillsCross functional training

Raw material Job related skills Managerial skillsSecretarial Job related skills Managerial skills

Taxation Job related skillsPersonality development

Level in organization

First preference

Second preference

Staff levelJob related skills

IT skills

Officer levelJob related skills

Personality development

Executive level

Cross functional training

Managerial skills

Manager levelPersonality development

Managerial skills

All employees require trainingGap exists in actual and expected training system

Selection of candidate is not always right

Satisfaction level of employees is near neutral or little bit satisfied

Increase the number of training programs.

Nomination of employee should not only be dependent on head of department.

Using mix of theoretical and practical training techniques.

Increasing quality of training program.New training areas should be added to

schedule.