Documente Academic
Documente Profesional
Documente Cultură
ON
OF
SUBMITTED BY
(PROF.MISS.SNEHA MORE)
TO
CHIKHALI PUNE-411062.
(2019-2020)
A
ON
OF
SUBMITTED BY
TO
CHIKHALI PUNE-411062.
2019-2020
DECLARATION
I Tejal Jaykumar Kharat hereby declared that the dissertation report entitled “HRM
Practices and Employee Satisfaction in Real Estate Business” under the guidance of
Prof.Miss. Sneha More submitted in partial fulfilment of the requirement for the award the
degree of Master of Business Administration to the university of Pune is my original work
carried out academic year 2018 - 2020and not submitted for the award of any other
degree/diploma to any other institute/organization of the university by the any other person.
Place: Pune
My first thanks to all those people who helped me during the training and completion of this
successful project report. This project draws inspiration and wisdom from the efforts and
support of many individuals.
Mere thanks will not be enough for the immense love and blessing of our Beloved parents
who gave me moral support and self-confidence.
I take this opportunity to extent my gratitude for co-operation; also special thanks to Director
of the college Dr.Sunil Dhanawadeand Prof.Miss.Sneha More useful tips provided to me
without his help the project would not have been completed.
Finally, I am thankful to all who helped me, guided me, and the all the well-wishers of the
team of their support and for being with throughout the all the well-wishers of the team of
their support and for being with throughout the journey of past two months.
Seal
Place-
Date-
3.1 Introduction
4. Organizational profile
5. Data analysis and interpretation
Human resources are the most valuable and unique assets of an organization. The
successful management of an organization's human resources is an exciting, dynamic and
challenging task, especially at a time when the world has become a global village and
economies are in a state of flux. The scarcity of talented resources and the growing
expectations of the modern day worker have further increased the complexity of the human
resource function. Even though specific human resource functions/activities are the
responsibility of the human resource department, the actual management of human
resources is the responsibility of all the managers in an organization.
It is therefore necessary for all managers to understand and give due importance to the
different human resource policies and activities in the organization. Human Resource
Management outlines the importance of HRM and its different functions in an organization.
It examines the various HR processes that are concerned with attracting, managing,
motivating and developing employees for the benefit of the organization.
1.1Executive Summary
HR is a product of the human relations movement of the early 20th Century, when
researchers began documenting ways of creating business value through the strategic
management of the workforce.[citation needed] It was initially dominated by transactional
work, such as payroll and benefits administration, but due to globalization, company
consolidation, technological advances, and further research, HR as of 2015 focuses on
strategic initiatives like mergers and acquisitions, talent management, succession
planning, industrial and labor relations, and diversity and inclusion. In the current global
work environment, most companies focus on lowering employee turnover and on retaining
the talent and knowledge held by their workforce. New hiring not only entails a high cost but
also increases the risk of a new employee not being able to adequately replace the position of
the previous employee. HR departments strive to offer benefits that will appeal to workers,
thus reducing the risk of losing employee commitment and psychological ownership.
The human resources department of a business, also known as the HR department, is
responsible for anything that has to do with the employees of the business. The same holds
true for a real estate company. The real estate agents representing the agency and the
office assistants must have a department or group of HR workers where they can get
support and advice on how to handle employee matters and address personnel issue.
The human resources department in a real estate company is responsible for recruiting,
interviewing and hiring new real estate employees and agents. Although most real estate
agents are paid on commission, they are still being represented by the real estate agency.
The employees working at the real estate office also must be recruited and hired to ensure
they meet the company’s professional standards. Each employee or agent that comes
through the real estate agency must understand the procedures and regulations that make
the agency credible and experts in the real estate industry.
Internal Operations
The human resources department also ensures that everything runs and operates as expected
internally between the employees of the real estate agency. This includes procedures for
handling harassment in the workplace, legal matters regarding sales of homes or apartments
and firing unproductive employees. The human resources department also is responsible for
creating and updating safety procedures for the real estate office, so all employees are safe
at all times.
As any other company, a real estate agency also conducts employee and agent evaluations.
Any company does not want to keep employees who are not motivated to work and are a
liability for the agency. The agents who represent the business, along with the internal
office workers, are evaluated on an annual basis by the owner of the agency with support
from the human resources department. The evaluations ensure that the workers and agents
are performing as expected to benefit the real estate agency.
CHAPTER 2
Literature Review & Theory
Literature Review & Theory
Human resources are the most valuable and unique assets of an organization. The successful
management of an organization's human resources is an exciting, dynamic and challenging
task, especially at a time when the world has become a global village and economies are in a
state of flux. The scarcity of talented resources and the growing expectations of the modern
day worker have further increased the complexity of the human resource function. Even
though specific human resource functions/activities are the responsibility of the human
resource department, the actual management of human resources is the responsibility of all
the managers in an organization.
It is therefore necessary for all managers to understand and give due importance to the
different human resource policies and activities in the organization. Human Resource
Management outlines the importance of HRM and its different functions in an organization. It
examines the various HR processes that are concerned with attracting, managing, motivating
and developing employees for the benefit of the organization.
Handling Compensation
The human resources department is responsible for various aspects of employee
compensation. The department typically handles employee payroll and ensures employees are
paid accurately and on time, with the correct deductions made. Human resources departments
also manage compensation programs that include pensions and other fringe benefits offered
by the employer.
Employee Benefits
The human resources department manages all aspects of employee benefits, including health
and dental insurance, long-term care or disability programs as well as employee assistance
and wellness programs. The department keeps track of employee absences and job-protected
leave, such as family medical leave. Human resources department representatives ensure
employees receive the proper disclosures regarding benefit eligibility or if benefits are no
longer available because of a layoff or termination.
Employee Relations
The human resources department handles employee relations matters within an organization.
Employee relations involves employee participation in different aspects of organizational
activities. The department maintains the relationship between employees and management by
promoting communication and fairness within the company. The department also handles
disputes between employees and management, as well as disputes between the company and
labor unions or employee rights organizations.
Legal Responsibilities
The human resources department is responsible for interpreting and enforcing employment
and labor laws such as equal employment opportunity, fair labor standards, benefits and
wages, and work hour requirements. The department also investigates harassment and
discrimination complaints and ensures company officials remain compliant with United
States Department of Labor regulations.
CHAPTER 3
Research Methodology
Research Methodology
Siddhesh Developers Pvt. Ltd. is a leading real estate company based in Pune. Established in
2006, our company has garnered a name for itself through a continuous pursuit of excellence
and a strong belief in the optimum deliverance. All the projects developed by Siddhesh are
strategic, aesthetic and resourceful. As a company we have always believed that steady
progress is the right progress. Hence, we focus on one project at a time and take it towards
perfection.
We Pursue Excellence
We Believe in Perfection
Passion is to innovate and to create structures that strike the right cord with our customers.
Our projects, be it corporate or residential are founded with an acute understanding of our
customer’s needs and with an intent to realize their dreams.
Also, Siddhesh InfoTech Pvt. Ltd is an innovative venture under the umbrella of Siddhesh
Group. It provides IT related solutions, especially provides software solutions and
digitization. The first project of Siddhesh InfoTech was with the Thane Municipal
Corporation. We provided a software solution for them to make their functioning more
efficient and transparent. The current project undertaken by Siddhesh InfoTech is for the
Municipal Corporation of Greater Mumbai (MCGM). It is a project of digitizing important
documents to make them easily available for the citizens of Mumbai and empower every
citizen through information and transparency. This project has garnered a huge importance in
the echoes of digital India across the world.
I was there in company as HR Trainee, Siddhesh Developers Pvt. Ltd. is a leading real estate
company based in Pune. Established in 2006, our company has garnered a name for itself
through a continuous pursuit of excellence and a strong belief in the optimum
deliverance. All the projects developed by Siddhesh are strategic, aesthetic and resourceful.
As a company we have always believed that steady progress is the right progress. Hence, we
focus on one project at a time and take it towards perfection.
Vision
We are here to serve the construction industry and our customers with persistence and
perfection. We not only aim at constructing class-apart projects but also to strengthen
public and community life.
2
Our team understands our customer’s needs and thrives to fulfill them by
providing optimum utilization of resources and world-class quality.
Mission
1. Retention
Many people think that the main task of Human Resources is to source and employ new
talent. However, the truth is that most HR activities revolve around retaining existing talent.
Employees are the lifeblood of every company, providing the skills and experience required
to keep productivity levels up. Your business will also have invested significant time and
money into ensuring maximum productivity wherever possible. And the key HR
responsibility is to protect this valuable asset.
Employee retention is a fine balancing act between company culture, remuneration and
incentives. The HR department needs to provide each employee with the right combination of
all three to satisfy the employee without compromising company interests in the process.
They also need to keep accurate records of these combinations to ensure that the agreed
packages are being delivered to employees.
2. Recruitment
Whether to complement the existing workforce or to replace staff lost through natural
attrition, the second major challenge facing the Human Resources’ department is recruitment
of talent. Finding staff with the correct blend of skills, personality and motivation is difficult,
even when the pool of available candidates is relatively large.
Whether recruitment is handled solely by the internal HR department, or with the assistance
of a third party, it is essential that the process is managed centrally and effectively. Where
there are dozens of applications, the details of each will need to be recorded for review and
comparison. An HR software platform allows for storage of applications, CVs and contact
details for easy analysis and comparison. Depending on company data retention policies,
applications can be stored for months or years in anticipation of new roles becoming
available in that period.
As an added benefit, having the details of a selection of suitable candidates available for easy
consideration cuts future recruitment costs and shortens the time taken to plug a skills gap.
Speeding the recruitment process in this way prevents drops in productivity and morale.
3. Productivity
With the workforce headcount issues sorted, the Human Resources team must next look at
productivity levels to ensure that the business is operating efficiently. Where productivity is
low, HR needs to know whether the problem is caused by poor working practices or lack of
resources.
This determination is often made by carrying out a Time and Motion (T&M) study to define
who does what and how. This study can then be used to identify potential efficiency gains
and pave the way for future capital investment to improve productivity and conditions.
Using an integrated HR software platform, senior management and the HR team can store
and analyse the T&M data collaboratively. The HR system can also retain this data to provide
historical context for later studies to provide a benchmark and to accurately measure
improvements made.
Although the employee bears some responsibility for keeping a track of their own
professional registrations, if your business relies on their certified skills, it makes sense to
track this information for your own records. If your business has agreed to pay for exams or
registration fees, you can keep track of when these payments are due. You can also alert the
employee involved, schedule cover for absence during exams, and arrange payments to
prevent lapses. Even where training takes place in-house, recording course attendance in a
central HR system allows for at-a-glance assessment of workforce skills and regulatory
compliance. Has every member of staff received their full induction training? Has anyone
missed the annual fire alarm training and needs a refresher? Have internal promotion
candidates completed all the relevant courses for the new role? Keeping details of training
can help answer all these questions and more.
Whenever a health and safety issue arises, HR is called upon to demonstrate that the business
has done all that is expected of it. Where proof cannot be shown, the business is at risk of
legal ramifications and fines.
Once again, the way to mitigate such problems is through the use of accurate records of
courses attended, documents issued, and anything else specific to health and safety legislation
that your business does as a matter of course. If an employee attends any course aimed at
increasing their personal safety and that of the people around them, the details need to be
recorded in case of query or dispute in future.
Because course attendance and training is closely linked to general employee records, the HR
department is the best equipped to record this information. And the HR software used
throughout your business unifies health and safety data with employee records for quick and
easy retrieval and analysis.
To avoid these requests turning into a rushed census of the workforce, it makes sense to
record demographics data when a new recruit is hired. As part of the employment contract, a
simple set of tick-boxes can be added to record demographic and diversity data, which should
be stored with employee records in the HR system.
It is also important to record any workplace incidents that appear to involve any form of
discrimination. Your business can then carry out disciplinary actions based on company
policies and further demonstrate a commitment to these core principles. Your HR software
should also help quickly verify whether any staff suspected of participating in discriminatory
activities have agreed to act in accordance with company policies as part of their employment
contracts.
7. Discipline
Discipline is always one of the least popular issues to tackle in the workplace, and also the
point at which the HR department can help resolve incidents satisfactorily for employer and
employees. The disciplinary process requires plenty of evidence, and the HR department will
often need to obtain statements, records and other supporting data to resolve issues legally
and ethically, all of which is time consuming.
It is therefore important to keep accurate records of any disciplinary issue, to ensure that the
issue is dealt with properly. This includes minutes of meetings, letters between employer,
employee and trade union representatives, and any follow-up activities that need to be
undertaken. These records also provide a point of reference to ensure that all parties are
meeting their agreed obligations in the event of further disputes.
As before, these records need to be easily stored and retrieved, along with any relevant
contract details. By using an integrated HR system that supports your process, much of the
evidence gathering is simplified, helping to reduce much of the legwork and time associated
with resolving discipline issues.
8. Outsourcing
Freelancers and contracts provide an attractive way to augment your company workforce
skills and abilities, without the need to permanently hire new staff. This is particularly
relevant to projects and contracts that require specialist knowledge, but which are unlikely to
become a routine part of your company requirements.
However, outsourced employees present new challenges when trying to ensure they meet
internal standards and requirements. Do they hold qualifications or industry body
memberships? Have they undergone standard company induction training? You may need to
know this kind of information at some point in the future, even if it does not seem particularly
relevant at the start of their contract. In the same way that you record the employment details
of permanent staff, it is essential to keep the same information about contractors, consultants
and outsourced employees. Your ideal HR system should let you maintain clearly labelled
records of temporary staff for easy retrieval in the event of a future dispute. Or even just to
make it easier to re-hire the same people in future.
9. Payroll
Responsibility for payroll falls between the remits of the accounts and HR departments, often
leading to problems with accurate payments to staff. HR maintains records about salary,
benefits, bonuses and attachments of earnings, whilst accounts are tasked with actually
making the payments. This creates a potential disconnect that can lead to the payroll being
run late or employees receiving the wrong sums in their wage packet.
To maintain morale and prevent future pay problems, your business should investigate the
potential of using a dedicated payroll solution that interfaces directly with your HR software
and account system. By uniting both departments electronically, most of the manual
headaches associated with pay can be resolved automatically. Dedicated payroll software
helps ensure staff get paid what they are entitled to, when they expect it. Your HR department
will also benefit from a reduction in queries, helping to better spread the workload throughout
the rest of the month.
Dealing with queries on pay, perks and performance management reviews on a reasonably
regular basis is routine, but also extremely time consuming, particularly where data is not
readily available. Every time a member of the HR department needs to chase down a payment
detail, or the specifics of a contract variation, they are unable to focus on any of their other
responsibilities.
A dedicated HR system keeps employment data centralised ready for easy retrieval and
significantly reducing the time taken to answer each query. More advanced system allow
“self-service” style access to some data, allowing staff to answer many of their own more
basic questions themselves.
Real estate traditionally has always had the perception of being a sector where ‘land &
buildings’ was the language required and ‘people skills’ were of no great relevance. But,
now, even big Real estate players are soon beginning to understand the importance of
effective ‘client servicing’, enhanced ‘team productivity’ and professional ‘managerial
skills’. All of this are people skills revolving around the most important asset of any
organization..’PEOPLE’.
The effectiveness of an HR department can be gauged by the fact how it contributes to the
organization as a channel of Help, as an OD interventionist and as a Controller.
There was a time when one considered HR to be just a support function, because it did not
contribute to the bottom line. However, with the boom in the economy and growth of the
knowledge economy, HR has taken on a new role. As the focus moves from traditional brick
and mortar organizations to more people oriented business like IT-ITeS, media etc.
HR has become significant in nature and magnitude of its role in an organization. The
competitive advantage of organizations has moved from machines and production to the
expertise and creativity of its people, HR has a large role to play in attracting, motivating and
finally retaining these very people.
In spite of this so called increases in power, one of the biggest fears that HR faces today,
according to experts is that of striking a balance between the employer and the employee.
Experts say that HR seems to be facing the brunt of the employer and the employees as it still
does not seem to have the authority to take a stand regarding issues dealing with the
organization. This trend is typically seen in sectors like Real-estate in India, which is still
highly promoter driven.
HR will only find success in dealing with these issues if they are given the freedom to
incorporate the necessary changes through an HR perspective. I personally believe that
comprehending an organization right from its culture, ethos, policies, practices, values, is
more important, to find a right candidate, rather than just rely on a well drafted Job
description.
With immense opportunities, organizations are chasing very limited resources especially in
terms of talent availability, spiraling compensation and benefit costs. The challenge for HR is
therefore huge in the Real estate sector,and spread across various sectors including talent
management i.e. talent acquisition, development and retention, building organizational
capability, HR effectiveness measurement and organizational effectiveness.
So the question here arises is that does HR have a say in this or all they do is bring in random
people with a few years of experience and place them in front of a line manager? While
everyone complains that HR does not really care about what kind of people are bought in,
experts have a different point of view. The feel that HR needs time to find the people with the
right skills sets to complement not just the job but also the organization.
3.5Data collection method
Primary sources: Face to face interview of companies AGM or Information center.
Secondary sources:
Ø Internet
Data analysis:
For the data analysis, computer software (e.g. Microsoft word) is used, which helped to make
the analysis in a well-arranged manner for the research easier, more efficient, and more
effective.
Several drawbacks that appeared at the time of preparing the report and hindered the total
work process are as under:
It was difficult to make information based rich report in a short time period.
The selected real estate companies avoided us and did not provide enough information.
It was very difficult to identify the present situation of the real estate companies in such a
small period of time.
One of the main barriers of the report was the confidentiality of the data.
3.6Limitation of study
There are certainly some limitations of study. Only one subject field was selected for the
entire works. The subject matter was a real estate firm, which is not enough. Number of
interviewee was also limited with the company. There was a high probability that the
employees would be tuned with the management. Different types of employees were over
there as interviewees. There was a probability that different educational and family
backgrounds might affect the study. There was a limitation of time frame.
Top management was not included in the study. There was a great probability how the truth
came to light. The main limitation of the study was the question of proper mental and
physical condition of the interviewees. In spite of above-mentioned limitation there are some
strong considerations for the work or study.
In PUNE City, all the real estate companies are more or less same in nature and procedures. It
may be mirror image to take several subjects, which is huge time consuming. For this reason
a well reputed, established and client supported company namely, Area 21 Design &
Developments , Baner. was selected for the study. The number of interviewees was 40. And
this number of interviewees is considered more than enough for this type of study. As there
was an excellent combination of different employees it might expect that the outcome of the
study is true and genuine. All the interviewees were tuned to be honest and frankly to the
interviewer. Moreover, it was done in different alternative ways for genuinely.
CHAPTER NO. 4
Organizational profile
Organizational profile
Siddhesh Developers Pvt. Ltd. is a leading real estate company based in Pune. Established in
2006, our company has garnered a name for itself through a continuous pursuit of excellence
and a strong belief in the optimum deliverance. All the projects developed by Siddhesh are
strategic, aesthetic and resourceful. As a company we have always believed that steady
progress is the right progress. Hence, we focus on one project at a time and take it towards
perfection.
We Pursue Excellence
We Believe in Perfection
We Thrive for Customer Satisfaction
Our passion is to innovate and to create structures that strike the right cord with our
customers. Our projects, be it corporate or residential are founded with an acute
understanding of our customer’s needs and with an intent to realise their dreams.
Mr. Mukesh Yeole is a first generation entrepreneur and an able leader of Siddhesh
Developers Pvt. Ltd. Under his leadership, our company has scaled new heights and
emerged as a force to reckon with in the closely-knit real estate fabric of Pune.
He has been a successful businessman for over two decades. In 2006, he got his first
opportunity in the real estate sector and since then he has never looked back. His
personal attention to details, his bond of trust with the entire team and his skill of
relationship management has made him a successful businessman and Siddhesh
Developers a class-apart organisation.
A Developer with a Responsibility
Mr Mukesh Yeole’s qualities as a leader and his insights as a developer are also
extended to various organisations such as Marathi Bandhkam Vyavsaik Association
(MBVA). It is an organisation formed to unite all the prominent Marathi builders in
Pune and share advanced knowledge about the field.
He is also a member of National Real Estate Development Council (NREDC); it is a
self-regulatory apex national body under the aegis of Ministry of Housing & Urban
Poverty Alleviation. NAREDCO stands as a leading advocate for efficient and ethical
real estate practices.
Core Values
Proficiency:
We function, initiate and create with complete knowledge, expert guidance and with
situational awareness. It is in our nature to be proficient at every task.
Contemporary:
We live in the present and we work with innovative ideas and modern outlook. Our
creations are contemporary and so is our attitude.
Adaptability:
We keep ourselves updated with latest technologies and knowledge and always ready
to adapt to changing scenarios. Adaptability is a core part of who we are.
Optimum Utilization:
We believe in giving the maximum output to our customers. All our project reflect the
core value of making an optimum utilization of all the resources and advanced
technology. Optimum Utilization is our biggest strength.
Awards & Recognition
Siddhesh Developers Pvt. Ltd. received an award for ‘Aesthetic Excellence’ at the ‘H&R
Johnson Artists in Concrete Awards Asia 2012’ (AICA Awards). This award was given for
our first ever commercial project Siddh Icon. The AICA awards are given at the PAN-Asia
level and are highly regarded in the real estate sector.
Jalashivar Yojana
We have sponsored the project of rainwater harvesting under the Jalshivar Yojana at
Pingori village in Junnar Taluka, Pune District. This initiative will enable the villagers
of Pingori to face the drought situation better in the near future. We intend to keep
working in this field as ‘water crisis’ is the major challenge before us.
CHAPTER NO. 5
Data analysis and interpretation
Data analysis and interpretation
In conducting this study-work, interviewing method will be used for data collection, while a
checklist would enable to record direct observation. A combination of structured and
unstructured interview schedules would help to generate information for this study. Along
with interviewing techniques Focus Group Discussion technique will also be used to
approach the various issues to assess and to generalize information within a very short period
of time. The following Table gives a preliminary description of type of data needed, sources
of data and instruments to be used for collecting data.
Work Plan
The proposed work plan is presented in next table. The plan shows detail tasks, their inter-
relationship and time requirement to complete the task.
Data Collection and Analysis
In the light of variables, data collection tools and techniques discussed above, a general
format will be prepared for gathering data, related to effectiveness of the study work, a
special format will be devised for assessment of all required information.
CHAPTER NO.6
Finding, suggestion and conclusion
6.1Finding
• In short time Vision 21 Design & Developments Ltd. is going to be a group of companies.
• Out of total 60 employees, 40 persons were selected for the purpose of study.
• Employees are found devoted to the company with very minor negativity.
• Employees have full and whole-hearted respect and support for the management.
• Employees seem to be satisfied with the company with very minor negativity.
• Employees are found very much aware of company’s image and goodwill.
• Employees are department based. Very minor scope of transfer in other departments.
• Top management tries to be informed about all the employees through department
heads regularly.
• Employees highly appreciate tea, lunch and other facilities, provided by the
management.
• Employees are found to believe that management would help them when it is
needed.
repeatedly.
• This management never becomes hot and angry instantly. It finds the reality.
educational and family background, different designations, different salaries and of course of
different ages.
• More than 71% employees (43 persons) are not happy with the salary.
• More than 98% employees (59 persons) are happy with the work environment
• 100 % employees are very much optimistic regarding the bright future of the
company.
• 100% employees think management as real and fit and dynamic and logical.
company.
• 100% employees believe them secured both in financially and in support from
• 100% employees believe they are in the best real estate company of the country.
• 100% employees believe their colleagues are better than him / her.
Training is a learning process through which people get skills, concepts, attitudes and knowledge to
aid in the achievement of goals. There are many objective works behind the training and development.
In Vision 21 Design & Developments Ltd. there is a huge opportunity to get the training and nice
accommodation is established for the training process. The schedule of training and performance is
excellent. Assistant General 25 Manager, Human Resources look after the whole process where the
training and development needed. Some of the objectives for conducting training and development are
given below:
• Change of attitude.
• Personal growth.
• Ensuring loyalty.
• To increase productivity.
• To improve quality.
• Behavior change.
The human resources department of a business, also known as the HR department, is
responsible for anything that has to do with the employees of the business. The same holds
true for a real estate company. The real estate agents representing the agency and the
office assistants must have a department or group of HR workers where they can get
support and advice on how to handle employee matters and address personnel issue.
The human resources department in a real estate company is responsible for recruiting,
interviewing and hiring new real estate employees and agents. Although most real estate
agents are paid on commission, they are still being represented by the real estate agency.
The employees working at the real estate office also must be recruited and hired to ensure
they meet the company’s professional standards. Each employee or agent that comes
through the real estate agency must understand the procedures and regulations that make
the agency credible and experts in the real estate industry.
Internal Operations
The human resources department also ensures that everything runs and operates as expected
internally between the employees of the real estate agency. This includes procedures for
handling harassment in the workplace, legal matters regarding sales of homes or apartments
and firing unproductive employees. The human resources department also is responsible for
creating and updating safety procedures for the real estate office, so all employees are safe
at all times.
Even though real estate agents often work on the commission payments from the real estate
sales made, they must follow specific sales procedures to uphold the standards and
credibility of the real estate agency. It is the responsibility of the human resources
department to teach the agents about these procedures and ensure that they are being
followed and respected in each sale. This can include informing buyers about the
procedures, about lending options and about leasing the property, if the house does not sell
as desired.
As any other company, a real estate agency also conducts employee and agent evaluations.
Any company does not want to keep employees who are not motivated to work and are a
liability for the agency. The agents who represent the business, along with the internal
office workers, are evaluated on an annual basis by the owner of the agency with support
from the human resources department. The evaluations ensure that the workers and agents
are performing as expected to benefit the real estate agency.
6.4 Contribution to host organisation
Mr. Mukesh Yeole is a first generation entrepreneur and an able leader of Siddhesh
Developers Pvt. Ltd. Under his leadership, our company has scaled new heights and emerged
as a force to reckon with in the closely-knit real estate fabric of Pune.
He has been a successful businessman for over two decades. In 2006, he got his first
opportunity in the real estate sector and since then he has never looked back. His personal
attention to details, his bond of trust with the entire team and his skill of relationship
management has made him a successful businessman and Siddhesh Developers a class-apart
organization.
organization. The key factors of the condition were salary, work-environment, dealings
and some hidden matters or issues related to employees and management of the
organization.
The study discloses that employees want competitive salary, pleasant work environment,
good management with top management’s support & inter-action, scope of presenting own
views, cooperative colleagues, future safety, company in right path, regular merit based
promotion, increment & bonuses, expansion of company, increasing of goodwill of the
company, management’s support and services, management’s values for the employees and
management’s sharing in personal or social occasions. On the other hand management wants
good human being as employees who want to learn always. Management wants employees to
be efficient, polite, obedient, loyal, truthful, devoted to work, honest, sincere and satisfied.
The research says finally that, employees are dissatisfied with low salary and want to switch
over for bad work environment and satisfied with high salary with better work environment.
But employees of this organization still getting average salary but very much happy and
highly satisfied due to only having better work-environment. This is the bottom line of the
entire study work.
Human Resource Management focuses on matching the needs of the business with the needs
and development of employees. Tarmac depends on its people because their skills contribute
to achieving its business objectives.
Within Tarmac, every employee has a valuable role to play. The emphasis is on helping
individuals to work together. Workforce planning is part of this strategic process, which
looks at the long-term needs across the organisation.
Personal development plans enable every individual to grow both professionally and
personally within the business. They also help Tarmac to create a distinct and important
competitive advantage through selecting and developing highly motivated and skilled staff
who are able to perform at high levels.
BIBLIOGRAPHY
Embose Thomas J. (2001). Supervision (Managerial Skill for a New Era). New York:
Macmillan.
Newstrom, John W. and Davis, Keith (2007). Organizational Behavior. Columbus: McGraw-
Hill-Irwin
Sullivan, William R. (2007). Entrepreneur (Human Recourses For Small Business) New
York : Wiley
Shawn, S. and Rebecca M. (2006). The HR Answer Book. New York: American Management
Association
Website Link
http://www.siddheshdevelopers.com/our-projects/current/orville-business-port.html
Local Web
HR Website
https://mhrd.gov.in
annexure
LIST OF ANNEXURES
2. Questionnaire Employee
Annexure 1:
QUESTIONAIRE:
Address: _______________________________________________
No of Managers : ________________________________
Supervisors : ________________________________
No of Shifts : _______________________________________
2) _______________________ 3) __________________________
4) ________________________ 5) ___________________________
6) ________________________ 7) ___________________________
16. What has been the change in the budget since previous year: % required.
□ Internally □ Externally
□ Yes □ No
20. If yes, is there a tie-up with universities or external agencies? ( Please mention the names)
________________________________________________
QUESTIONAIRE – EMPLOYEE
Information required here is only for research purpose. Please try to fill all the information
appropriately, select the suitable alternative wherever applicable and provide details if necessary.
Designation : ______________________________
Department_________________
Age :
5. Qualifications: Under graduate Graduate or diploma in hotel mgmt Post Graduate Others
__________________________-
and follow up effective training programmes. They will also learn how to
design training of any length for groups of varying sizes, learning styles and
experience. One can focus on delivery skills (effective body language and
voice projection) and also teach classic techniques about handling difficult
Trainers are not just trained on training delivery skills but also the entire
about Systematic approach towards training. Then they will be able to relate
the efforts put in by them and trainees and foresee the impact that training