final report (1)

INTERNATIONAL INSTITUTE OF PLANNING AND MANAGEMENT

NEW DELHI

PROJECT REPORT

(Summer Internship)

On

Formulation of Educational Assistance Policies for Executives

At

Valvoline Cummins ltd.

(PLOT NO. 278,UDYOG VIHAR ,PAHSE 2, GURGAON)

2009-2010

Submitted in partial fulfillment of the requirements for award of degree of

(Master of Business Administration)

Submitted By: Project Guide:

Gauri Kumari Mr .Rajneesh Dev Sharma

Unique ID No: Sr. HR Manager

D0911SSIIPM10212G(DEL-6/DD-1341)

1 Formulation Of Educational Assistance Policies For Executive

ACKNOWLEDGEMENT

I take the opportunity to express my profound sense of gratitude and indebtedness to Mr Rajneesh Dev

Sharma (Sr.HR Manager) my project mentor. It was his guidance that has ultimately lent final shape to the

project. Right from framing objectives to the complete project report, It was a case of dedicated guidance

and membership.

Next I would like to thank Mr.Nagendra Pal (CFO, Valvoline Guragaon), Miss. Nilu Singh(Sr.HR

Manager,TCS Noida ), Mr Abhinav Kumar (Senior Executive ICICI ,Pune) , Mr. Chandan Kumar Singh

for their kind co-operation and moral boosting during the tenure of this internship.

Last but not least, I would like to thank my family members and friends for their encouragement and support

which helped me to make this project work success.

Gauri Kumari

PGP/SS-09-11


EXECUTIVE SUMMARY

A recent survey, Education Assistance Plans, conducted by the International Foundation of Employee

Benefit Plans, reveals trends in organizations' education assistance policies. According to the IFEBP survey,

94% of organizations offer some type of formal or informal education assistance plan with 88% having a

formal policy and 6% having an informal policy.

Of those who offer an education assistance plan :

74% have less than 15% of their employees participating.

99% of respondents make education assistance benefits available to full-time salaried

employees, 86% offer benefits to full-time hourly employees, 37% offer benefits to part-time

salaried employees, 33% offer benefits to part-time hourly employees.

93% offer education assistance to cover undergraduate-level and graduate-level course work,

69% cover online and distance- learning courses, 56% cover vocational and technical course

work.

100% pay tuition expenses, 64% pay for books, 63% pay for fees, 21% cover supplies.

73% of organizations reimburse expenses based on completion of the course, 69% reimburse

based on the grade received.

57% do not require that employees pay back all or part of any monies reimbursed for education

if they leave employment. The most common time period that employees must continue working

for their organization to avoid having to pay back any monies is one year .The survey collected

information from 226 U.S. and Canadian multiemployer trust funds, corporations, public

employers and professional service firms. The results include 62 valuable education assistance

and tuition reimbursement policy sample policies and forms.

Therefore the question arises that Why Should You Develop Educational Assistance Policy? Under

the training and research done by me I got the opportunity to assist my seniors ,in valvoline Cummins ltd. at

Gurgaon to assist and hence put forward my views ,while formulating the hr policy related to educational

assistance in the organization. I came to the realize that by strengthening the educational assistance

program, you can maximize use of money that your organization contributes to employee tuition, become or

maintain your status as an employer of choice, and contribute to your organization’s competitive advantage.

Thus the main Purpose of the Educational Assistance Program Is to “assist employees in their

professional development and in advancing their careers by encouraging voluntary academic studies that


contribute to improved performance.”. Moreover ,Employers can meet the challenge of having a well-

educated, knowledgeable workforce by supporting continuing education, either through tuition advances or

reimbursement. These programs also can help employers attract and retain employees who are interested in

advancing their education, skills, and careers.

Thus this is one of the important tools for hr managers since Human resources is a term used to refer

to how employees are managed by organizations, or to the personnel department charged with that role and

the field has moved from a traditionally administrative function to a strategic one that allegedly recognizes

the link between talented and engaged people and organizational success. I also learnt about various other

Human Resource Management organizational functions that deals with issues related to people such as

compensation, hiring, performancemanagement ,organization Development , safety, wellness, benefits,

employee motivation, communication, administration, and training.

Henceforth , In these settings, Human Resources Development is the framework that focuses on the

organizations competencies at the first stage, training, and then developing the employee, through education,

to satisfy the organizations long-term needs and the individuals’ career goals and employee value to their

present and future employers. Human Resources Development can be defined simply as developing the most

important section of any business its human resource by, “attaining or upgrading the skills and attitudes of

employees at all levels in order to maximize the effectiveness of the enterprise”

Under the Training undertaken by me , I got the opportunity to work under a live project That is designing

the Hr policies, Under Educational assistance Policy for Working executives in organizations. I with the

help and support of various people Learnt about various companies practices and their benchmarking on the

topic .I also researched on various courses available for working Executives, apart from all this few of the

things which were a learning and an interesting experience , like designing of social activity at the

workplace like the quiz competitions , for socialization and creating a healthy learning and fun environment

at workplace .Thus overall it was a great learning activity .

INTRODUTION


COMPANY PROFILE

VALVOLINE CUMMINS LTD

Inc. founder Dr. John Ellis created the first motor oil and was awarded a design patent for petroleum,

distilling and refining equipment in 1866 at USA. Since then with our offices, affiliates and distributors in

every corner of the globe, you're never far from a complete line of unbeatable Valvoline products.

VISION


VALUES

MISSION


LOGO EVOLUTION


Valvoline Cummins Ltd, a 50:50 joint venture between Valvoline International Inc of the US, a division of

Ashland Inc and a US $ 12 billion player in road construction, refineries, lubricants & chemicals and

Cummins Diesel Sales & Service India Ltd (CDS&S), a global leader in diesel engines has outlined its

roadmap for leadership in the engine oil and lube s market in the country. The company would launch a suite

of products researched and formulated with expertise from Valvoline, USA and customized for engines in

India. The company is also focusing further to strengthen its distribution & marketing network to enhance its

reach in the lube market. The Company shall work towards maintaining its leadership position in the CNG

Vehicle segment through continuous work with major OE’s and expanding its product slate and distribution

as newer markets emerge for use of CNG. Valvoline Cummins Ltd is targeting sales of Rs. 250 crores for

FY 2004-05.

In India, Valvoline Cummins Ltd, a JV between Ashland Inc., USA and Cummins Sales & Services (India)

Ltd ,a wholly owned subsidiary of Cummins India Ltd. is one of the India’s fastest growing lubricant

marketer and producer of quality branded automotive/industrial products. Products include automotive

lubricants, transmission fluids, gear oils, hydraulic lubricants, automotive filters, specialty products, greases

and cooling system products. Valvoline also offers Car Brite car care products for automotive cleaning and

maintenance. We have come a long way since we started out operations in India in 1998. We're a growing,

dynamic company having base of 54 stock points delivering products and services to 500 distributors for

bazaar trade and 2945 institutional customers. In bazaar trade we approximate that our products are available

in more 15,000 retail counters across India.

Our vision is the guiding principal that we follow to deliver our quality commitment to our customer by

producing and delivering quality products /services consistently through our state of the art blending and

filling process and thereby making their lives simpler.

PRODUCTS

Lubricants

Car care.

Filters


http://www.carbrite.com/

http://www.cumminsindia.com/

http://www.cummins.com/

http://www.ashland.com/

Lubricants

Engine demand a lot from an engine oil - thus you should know just the right partner for your engine.

Valvoline has been developing and marketing high performance oils and services since 1886 - longer than

any other engine oil company.

The Valvoline commitment to quality and innovation is reflected from the fact that we offer a full line of

premium conventional & synthetic engine oils, gear oils, greases, industrial oils and other automotive

lubricants specially formulated for all round protection to your engine. All Valvoline oils are formulated

with advanced additive technology and premium base oils for high performance and an enhanced engine life

Car care

Valvoline’s commitment to high quality products is not confined to “below the hood” products only.In 1998,

Valvoline acquired the Eagle One industry in USA. Eagle One, founded in 1978, is a leader in the

development and manufacturing of premium automotive appearance products.


Today, after over a quarter of a century, Eagle One remains the leading manufacturer of high-tech

appearance products. These technically superior Car Care products require minimum effort for maximum

results.

Despite the simplicity of use, Eagle One’s advanced technology continues to ensure maximum color and

depth of shine, while providing the ultimate in protection and durability for the vehicle.

Car Brite was established in 1947 in North America. Since then, Car Brite has been innovating and

manufacturing the most comprehensive line of professional Car Reconditioning products.

Car Brite Industries was taken over by Valvoline in 2005. This heralded the coming together of two giants-

Eagle One Car Retailing products and Car Brite Reconditioning products. The customer now enjoys the

choice of a large variety of retail (DIY) and reconditioning (DIFM) products

FILTER

Valvoline America has been selling filters since last 20 years and is established player in the US filters

market. Valvoline is also selling filters in Australia. Valvolines internationally reputed range of filters has

now been launched in India. Its filters are backed by the same Quality Guarantee stamp that backs the

performance of its engine oils worldwide.


Valvoline Cummins Ltd. has one of the largest product portfolios in the diesel engine oils and automotive

engine oil market with a market share of 3% plus. However, outside of the public sector units engaged in the

manufacture and marketing of lubes and engine oils, Valvoline Cummins is the third largest player in

Northern India. The company expects to end the current financial year with revenues in excess of Rs. 215

crore. .

The company will launch new range of Filters; Eagle 1 Car Care Products like Ever Fresh Perfumes A

product imported in India through Eagle 1 industries USA (A Division of Valvoline, USA); Tectyl range of

rust preventives used both in the industrial and automotive segments; All Fleet Premium which has approval

for Ashok Leyland and has long oil drain interval, longer engine life and oil consumption control; Premium

Blue Environmental friendly lubricants, catering to the highest specification levels, and meant for off-

highway application like Gensets etc. and Champ 4T Premium A synthetic blend 4 stroke engine oil, meant

for premium motorbikes.

Valvoline Cummins Limited has been growing at a CAGR of 30% plus over the last few years and has

established itself as a market leader in the CNG, DEO and Powergen segments. The company will also be

focusing on the Eagle One range of car care products as a key consumer focus driver in addition to the off-

highway and on-highway lubes market.

Elaborating on the company strategy for the next fiscal, Mr. Naveen Gupta, CEO, Valvoline Cummins

Limited said,We are uniquely positioned to leverage the expertise and technical know-how of our global

parents which would enable us to bring to India, a suite of products specially designed for the hi-end, state-


of-the-art automotive and diesel engines. We are also working on further evolving our OEM relationships

with local vehicle manufacturers.

ASSOCIATION WITH SPORTS

Valvoline’s rich history in motor sports dates back more than 100 years and includes championships in

Formula One, Indy Cars, NHRA drag racing, World Rally Championship, and NASCAR racing and at such

premier events as the Indianapolis 500, Daytona 500, Le Mans and Bathurst 1000.

The Valvoline Company made history by becoming the first consumer products company to own a

NASCAR Winston Cup team.

Rookie of the Year candidate Scott Riggs, Valvoline America’s racing driver, was voted "Most Popular

Driver" in the NASCAR 2006 series.

Valvoline not only sponsors Riggs' team, but the company is in its fourth year as 50-percent owner of the

race team. The other half of the team is owned by MB2 Motorsports' Nelson Bowers. After years of success

in NASCAR, Valvoline took the bold marketing step in 2001 of co-owning the team. As Riggs is fond of

saying about his sponsor/owner, "They're in the car; they're on the car; and they own the car."

Valvoline has taken its racing program to new heights, introducing different paint schemes and collectibles

to race fans, serving as the official motor oil of Daytona International Speedway.

Treading on Valvoline International racing lineage, Valvoline Cummins Ltd., tied up with JK Tyres for the

25 hour DubaiKarting Race held on the streets of Dubai on December 2004.

The Team India studded with celebrity names like Narain Karthikeyan, Karun Chandhok (Team Captain),

Armaan Ebrahim

Valvoline Cummins Ltd., also became the first Lubricant Company to make a soft launch of a racing team

named, “Team Valvoline”. The Team comprised, (a) Amittrajit Ghosh – National Racing Championships –

Runners Up 2004 (b) Deepak Chinappa – Asian Zone and Indian National Karting Champion 2003-04 (c)

Mr Amanpreet Ahluwalia- Indian National Rally Championship IInd position 2005. Excited about its

success in the Formula Maruti category, Valvoline also sponsored Raymond Banajee (The reigning National

Karting Champion) in the Formula LGB category.


The Team Valvoline drivers showing true colours of Valvoline, clinched both the Formula Maruti and

Formula LGB titles in its debut outing itself. Team Valvoline was also nominated for “MOTORSPORT

TEAM OF THE YEAR” award for the year 2005 NDTV Profit & Car & Bike Magazine alongwith the likes

of Team MRF & Team JK Tyre. Team Valvoline again finished with two podiums this season (2006-07)

with Ajay Kini winning the National Racing Rookie Championship and Rayomand Banajee winning the

LGB Hyundai championship.

MY PROFILE

MANAGEMENT TRAINEE

As a human resource intern my work included:

1) HR POLICY AND PLANNING

Collect, Review and analyze reports of different organizational policy (TCS,AIRTEL,ASHLAND

INC,ORANGE SEVICES, ICIC BANK,AEREN R ) about educational assistance program.

Participate in the development of HR policies and strategy for the same .Research on the institutes

which are options for working executives with details of courses were reviewed and studied.(IIM A,

IIM B,IIM C, IIM KOZHIKHODE,IIM L, XLRI, SYMBIOSIS, MDI, IIT DELHI )

2) Selection and Recruitment

Employee recruitment forms a major part of an organization's overall resourcing strategies which seek to

identify and secure the people needed for the organisation to survive and succeed in the short to medium-

term.

Assisted my seniors in shortlisting the suitable candidate for, Job-Title- Assistant manager reporting ,

department- Finance and accounts, location- Guragaon.

3)Assisted my senior to formulate recreational activities , like designing questionnaire for “The

Quiz , THANK GOD ITS FRIDAY!!


PROJECT OBJECTIVE

I. To understand the functionality of human resource manager in an organization.

II. To identify the activities associated with human resource management.

III. To formulate, HR policies in an organization.

IV. Understanding key functions of HR :

Recruitment and selection .

Industrial and Employee Relations.

Record keeping of all employees.

Total Rewards: Employee benefits and compensation.

Career development.

Training and development.

Performance Appraisal


BODY OF THE REPORT

Formulating and designing of new kind of policy like the educational assistance program ,keeping in my

mind the industry practice .The importance of these policy , processes and steps involved to stategise and

formulate such policy in the organizations. The purpose of the educational assistance program is for

workforce planning and development. It provides a tool for managers and employees to support academic

activities that directly relate to the organization's identified knowledge, skills, and behaviors (organizational

competencies), and which support the mission, vision, and values of the organization. The educational

assistance program is not an employee benefit, right or entitlement; it is a management program for

workforce development.

In today's rapidly changing business environment, organizations have to respond quickly to requirements for

people. Hence, it is important to have a well-defined recruitment policy in place, which can be executed

effectively to get the best fits for the vacant positions. Selecting the wrong candidate or rejecting the right

candidate could turn out to be costly mistakes for the organization. Selection is one area where the

interference of external factors is minimal. Hence the HR department can use its discretion in framing its

selection policy and using various selection tools for the best result.The recruitment is the process of

searching for employment and stimulating them to apply for jobs in the organization whereas selection

involves the series of steps by which the candidates are screened for choosing the most suitable persons for

vacant posts.Thus HR policies for selection and recruitment were undertstood with the companies policies.

Understanding the value and administration for designing such policy under these parameters…….

What is your organization’s vision for an educational assistance program and how will your policy

achieve that vision?

What do your leaders want the educational assistance program to accomplish?

Who will be eligible to participate?

How should your organization structure financial assistance, i.e., will employees receive

reimbursement before or after course completion?

How will you administer and manage the program, i.e., centrally or locally, in-house or outsourced?


Will your organization offer financial support of external educational or career advice, in order to

ensure efficient planning for and use of educational assistance funds?

What kinds of professional expertise will your organization need to deliver and manage the

educational assistance program? How will you develop or contract for such expertise?

What financial resources can your organization dedicate to this program?

How will your educational assistance program support the broad array of educational options

currently available to employees, e.g., distance learning, credit by examination, prior learning

assessment, and so forth?

How will you promote your educational assistance program to your employees.

FINDINGS/RESEARCH

Details of Educational Assistance Policies of Few organizations

( ASHLAND , CUMMINS ,IBM , ORANGE SERVICES ,AIRTEL)

Contents ASHLAND Cummins IBM Orange Business Services

Bharti Airtel

Objective It will benefit the organization.

Improve employees job performance .

Learning and development

Help Employees to become more effective , meet developmental needs and also to continue to work in IBM.

The Human Resources (HR) Training Centre of Excellence (TCoE) group is responsible for ensuring and executing technical and soft skills training company-wide. We work closely with

IN LINE WITH OUR COMMITMENT TOWARDS THE CONTINUED DEVELOPMENT OF OUR EMPLOYEES AND TO PROVIDE THE NECESSARY IMPETUS TOWARDS ACHIEVING THE ORGANIZATION'S 2010 VISION OF BEING THE MOST ADMIRED BRAND IN THE COUNTRY AND A COMPANY WHICH IS TARGETED BY TOP TALENT


business units, Human Resources (HR) and other Orange Business Services and FT groups in developing and delivering appropriate training programs.

Eligibility Full time employees.Employees with at least six months of continuous service with the company.

Part time employees averaging 24 hours per week.

Only for employees for all Cummins entities in India

All full time employees of IBM.

All Employees.

All permanent employees.

Approval Criteria

Policy may vary between divisions and departments depending on their needs, budgetary constraints.

It is approved through an approved educational provider.

Relevant to current job.

Documented in IDP.

Consistent performance.

Absence of any discipline or code issue in last two years.

Availability of Budget at the BU/Entity.

Policy effective from the 20 th feb,2008.

The assistance shall be given to employees who apply for the courses after joining the services of the company.

base training on a “blended approach” – e-learning, instructor-led and remote instructor-led and leverage technology for training.

The employee has to apply on the intranet portal “STEP” which is further approved by

Continuing Education Policy(CEP) Higher education to employees desirous of pursuing further education while being in the employment of Bharti Airtel

The employee should fullfill the basic criteria of eligibility in the executive courses nad should have approval from his/her manager


manager and HR.

Reimbursement

Upon successful completion ,on time company will reimburse 100% of the expenses directly related to course.

Additional reimbursable fees include:

First time enrolment

Application fees

Registration fees

Other directly related Course cost

75% fee reimbursement with a fixed max limit which would be course specific.

For courses less than a year , reimbursement upon successful completion.For courses over a year , 50% reimbursement will be at each year, while remaining 25% upon successful course completion .

Approved part time courses which cost upto rs.30,000, company will reimburse 75% of admission charges.

Maximum limit for reimbursement is capped to RS.50,000.

100% reimbursement on all the Cisco certification. Orange has joint partnership with Cisco for Technical Training.

Six Sigma and ITIL training is inhouse training funded by Orange and is Vendor based training

full time executive MBA fully reimbursed. The certification courses are also fully reimbursed. The candidate should agree to serve the company for next 1 year after completion of the course.

courses of study

Post graduate qualification.

A graduate Diploma

An undergraduate degree

An associate Diploma

Completion of business, correspondence or vocational courses

Preparation for a professional certification examination e.g. CPA

ITI/diploma/degree/masters//phd in engineering or related field

MBA in a field relevant to the organization.

Other relevant professional qualifications in Finance/ Accounts/law.

Part time/correspondence courses, diploma, post graduate diplomas, graduate degrees MBA programs related to employee’s present or future career in th company. No full time courses.

Cisco certification, Microsoft certification, Sun Certification, ITIL six Sigma, etc depending on the need of the employee and benefit of the company

Full time/Part time MBA, Cisco certification, ITIL, six sigma

Eligible insititute

Acollege or university accredited by the department of education, employment and workplace relations(DEEWR) OR state based Department of

Statutory universities,Govt. Technical /Educational Boards ,etc

British council for communication based trainings, Pearson Vue for Cisco based


Education. certification, SUN and Microsoft Labs for Sun and microsoft trainings, etc

Leave

Approved leave for for actual examination. No study leave in the days leading upto examination.

Leave for exams and preparation for exams to the extent of privilege leave , not exceed 1 month at a time.

Leave rewarded to the employee of examination and course classes. Employees are also rewarded over time during inhouse training

employees are granted full time study leave during full time executive MBA with stipend. Examination leave approved from HR on go ahead from line manager

Definition of successful completion

Short courses- competent (c)

Certificate level courses pass (p)/Competent (c)

Diploma and above Pass (p)

(Undergraduate courses - grade c or higher

Graduate courses –grade b or higher)- global practice

First class or equivalent of the same -India

Satisfactory completion of courses.

Uploading the certification number and degree details on the Orange Intranet”STEP”

100% completion of course.

Documentation

Prior to course registration , employee has to submit an educational assistance application form (LDEA001)and repayment agreement (LDEA002)

Itemised Receipt from the educational institute showing the tution fees.

Grade report from institute.

No reimbursement if above criteria is not met.

Approval from manager and upline manager prior to the employee enrolling into course.

Documents confirming satisfactory course completion, and fees paid.

Approval from manager and upline manager prior to the employee enrolling into course.

Documents confirming satisfactory course completion, and fees paid.

No reimbursement without the certificate and approval of the institute providing the degree or certificate


Employment commitments

Employee will repay 100% of any all amounts as educational assistance in the event employment is terminated within 1 year after the completion of an approved course.

Employee will pat 50%if employment is terminated after 1 year but prior to two years.

Employment commitment, bond period of minimum 2 years or equivalent to the course whichever is higher , the period will be calculated after successful completion of the course.

Not available 6 months after the training. The training that are held abroad, 1 year bond is to be signed by the employee.

MBA full time : 3 years bond with Bharti Airtell on completion of the course

Cisco certification : 1 year bond with Bharti Airtel on completion of the course

Effect of termination of reimbursement

Company may withhold any and all amounts to secure repayment .

If bond is not honoured, recover as per recovery clause (full pro rated @10%interest rate)

Employee has to pay back the reimbursed amount if he or she violates the Bond

If bond is not honoured, recover as per recovery clause (full pro rated @10%interest rate)

Important

Conditions

Course does not assure continued services with the company.

NA NA NA NA


PROVISIONS TATA CONSULTANCY SERVICVES

All confirmed employees may avail of:

-full time programs ,that is ,programs that require leave and or/monetary assistance (for the

program)

-Part time programs, that is ,programs that may require flexi timings and /or monetary assistance.

For full time time /part time degree programs

Monetary assistance for degree program will include full or partial program/tuition

fees and examination fees to a maximum of US $5000

Leave for educational/study purposes

It is the responsibility of the employee to secure admission for the chosen program of

study

All requests need to be recommended by the immediate supervisor and approved by

the Delivery centre/ Geography head at their discretion .This includes approval for

flexi hours.

This facility will be available ona first come first serve basis to employees with a

consistent performance recod ,that is ,an annual performance rating of 3 and above

for previous 2 years .current and future business needs will also be a consideration for

approval.


Employees availing of monetary assistance will be required to sign an agreement to

serve TCSL for a mandatory period as follows

FINANCIAL ASSISTANCE MANDATORY SERVICES

Up to US $2000 /- or equivalent 6 months on completion of the program

From US$2001 to US$5000/-or equivalent 2 years on completion of the program

Financial assistance post – approval of the application will be disbursed on

submission of the admission invite or proof of admission on to the course

Successful completion of the course will imply that employee has been issued a

passing certificate or marksheet recording that the employee has passed the education

program for that academic year/session and is eligible to receive a degree.

Employee availing of monetary assistance and not completed the mandatory service

period or not completing the program successfully for reasons other than resignation

or termination, will be required to repay the entire monetary assistance to TCSL.all

recoveries will be made from salary in a staggered manner decided by Head of

Compensation.

In case of resignation or termination ,the employee must repayTCS

immediately .TCSL reserves the right to recover the same from the full and final

settlement dues and any shortfall must be repaid to TCSL by the employee

Re –fitment on return to service after successful completion of the program will be

based on the compensation and promotion policy of TCS at the time of return and

will not be automatic.

Any infrastructure required for the purpose of education(under this policy) may be

provided at the discretion of ad with the written approval from TCS.

Annual maximum branch wise limits.


Research about various courses for working executives.

Institute-IIM Calcutta

Course Name & Duration-PGPX (Post Graduate Programme for Executives )1 Year

Approx Fee-8 Lakh , Eligibility-Graduate, Minimum 5 years experience

Selection Process-GMAT Scores, Res./ Non Residential-Residential

Institute-IIM Calcutta

Course Name & Duration-19 Programme for Executives - 1 Year

Approx Fee-varies ,Eligibility-Varies

Selection Process-Varies ,Res./ Non Residential-Residential

Institute-IIM Bangalore

Course Name & Duration-Advanced Financial Risk Management Program

Approx Fee-1.6 Lakh ,Eligibility-Graduate, Minimum 2 years experience


Selection Process-CV and Interview ,Res./ Non Residential-Non Residential

Course Name & Duration-Executive General Management Programme Duration 7 to 8 Months

Approx Fee1.8 Lakh ,Eligibility-Graduate, Minimum 5 years experience

Selection Process -CV and Interview

Res./ Non Residential-Non Resident

Institute-IIM Lucknow

Course Name & Duration-Post Graduate MBA Programme (Part Time) - 3 Years

Approx Fee-1.5 Lakh ,Eligibility-Graduate (50%), Minimum 2 years experience

Selection Process-Written test, GD and interview

Res./ Non Residential-Non Residential

IIM Distance Learning: Establishing partnerships with IIM Kozhikode; IIM Bangalore; IIM Calcutta,

DiRECWAY Global Education has provided access to institutions with a strong history of quality

education facilitating IIM Distance Learning. DiRECWAY Global Education is the premier broadband

satellite based education and training service for consumers, small businesses and enterprise markets from

Hughes Escorts Communications Limited (HECL). DiRECWAY Global Education platform seeks to

define the next generation of Education, i.e., real time Interactive Onsite Learning (IOL) helping in

providing IIM Distance Learning Courses to working people.

Under the IIM Distance Learning, the courses offered are:

IIM Kozhikode: In May 2002, IIM Kozhikode became the first Management Institute In India to offer


aManagement Programme (Executive Management Education Programme - eMEP) over the Hughes

DirecWay platform. Over 500 professionals have taken up the 10-month programme.

Courses offered are:

eMEP (PGCPM): Post-Graduate Certificate Programme In Management.

eMEP (PGCSM): Post-Graduate Certificate in Sales and Marketing.

With the aim of helping practicing executives, who are not in a position to join its long duration residential

education programmes, the Institute provides an opportunity through the Interactive Distance Learning

Mode.

In the year 2001, IIMK conceived a new model of management education for working executives. eMEP

programme marked the beginning of IIMK�s Interactive Distance Learning (IDL) activities and IIMK

pioneered management education through a synchronous interactive learning mode in the Asia Pacific

region.

IIM Calcutta: The Indian Institute Of Management Calcutta (IIMC) was established as the first national

institute for post-graduate studies and research in management by the Government of India in November

1961.


EPBM: A One-Year Executive Programme in Business Management.

PDSS: A one-year Programme for Development of Strategic Skills (PDSS).

PDSE: A one-year Programme for Development of Successful Entrepreneurs (PDSE).

PLAM: Programme for Leading and Managing (PLAM).

IIM Bangalore: The IIM Bangalore was established in 1973. Its world-class infrastructure provides the

foundation for its programmes of teaching, research, consulting and other professional services.


Executive General Management Programme (EGMP) for working executives.


Certificate Course on Finance for non Finance Executives.

Modular Programme on Practical Management of Indirect Taxation for Working Executives.

Institute-XLRI Jamshedpur-Course Name & Duration-Graduate Management Programme – 1 Year

Approx Fee-2.25 Lakh

Eligibility-Graduate and Minimum 3 years experience

Selection Process -XAT Test & interview

Res./ Non Residential-Residential

Institute-XLRI Jamshedpur- Course Name & Duration-Executive Post Graduate Programme– 3

Years

Approx Fee-3.05 Lakh ,Eligibility-Graduate and Minimum 3 years experience

Selection Process-XAT Test & interview, Res./ Non Residential-Residential

Institute- XLRI Jamshedpur

Course Name & Duration-Executive Fellowship Programme in Management– 4 Years

Approx Fee-0.90 Lakh, Eligibility-MBA, Managerial / Supervisory experience Minimum 3 years experience

Selection Process-Personal Interview,Res./ Non Residential-Residential / Non Residential

Institute-XLRI Jamshedpur

Course Name & Duration-Satellite Programme in Management – 14 Months

Approx Fee-1.8 Lakh


Eligibility-MBA, Managerial / Supervisory experience Minimum 3 years experience

Selection Process-Interview


XLRI, Jamshedpur and HughesNet Global Education, a division of Hughes Communications India

Ltd., have launched two programmes in Retail Management, and Sales and Marketing Management.

The company will deliver the 12-month PG certificate courses in Retail Management and in Sales and

Marketing Management via the HughesNet Global Education Interactive Onsite Learning platform

across 300 centres in 90 cities. The programmes are for graduates and working professionals. Each

programme will be delivered on the HughesNet Global Education Interactive Onsite Learning (IOL)

platform. The programmes will also involve 5-7 days of learning at the XLRI campus. The last date to

apply is in the month ofAugust.

Institute-FACULTY OF MANAGEMENT STUDIES (FMS) UNIVERSITY OF DELHI

Course Name & Duration-MBA (Part-Time) – 3 Years

Approx Fee-Rs 10,000 p.a.

Eligibility-Graduate, Minimum 3 years experience – Employer Sponsorship Required

Selection Process-Written Test and interview


Institute-Symbiosis Institute of Management-Course Name & Duration-Executive MBA – 2 ½ Years

Approx Fee-Rs 45,000 P.A., Rs. 75,000/- for sponsored candidates

Eligibility-Graduate with 5 years experience

Selection Process-Written Test and Interview



SYMBIOSIS

Part-Time Programmes

The programmes have been developed keeping in mind the specific needs of the working professional. They

offer the professional the flexibility of timing as well as the rigorous course structure of a full time course

Postgraduate Diploma in Marketing Management

Postgraduate Diploma in Advertising and Communication Management

Postgraduate Diploma in Human Resource Management

Postgraduate Diploma in Finance, Banking and Financial Services

Postgraduate Diploma in Operations Management

POSTGRADUATE DIPLOMA IN INSURANCE MANAGEMENT

ELIGIBILITY FOR ADMISSION

A Graduate from any Statutory University or any other recognized Foreign University

Selection Procedure: The selection of the students shall be on the basis of Entrance Test to be held on

31st May, 2009 (10.30a.m to 12.00 noon)

Entrance Examination: The paper will consist of Verbal Ability. There will be 100 questions to solved in 90

minutes

Intake: 40 seats each course.

Course Duration: The duration of the course is one year with two semesters.

Course Fees: Rs.30,000 to be paid in two installments.

Examination Fees: Rs.1,500 Per Semester.

MDI

GURGAON

There is also an option for the executives or working people to get enrolled in courses in Kolkata.

Macmillan India offers online courses in collaboration with important educational institutes in India like

IIM, Kolkata, MDI, Gurgaon and IIT. The courses offered by the institution are:


Corporate Finance

Duration: 3 months

Certified by IIM, Kolkata

Finance for non finance executives

Duration: 3 months

Certified by IIT Delhi, Dept. of Management Studies

International Finance

Duration: 2 months


Supply Chain Management

Duration: 2month


Customer Relationship Management

Duration: 2 Months

Certified by MDI, Gurgaon

Online executive development programme IIT Delhi – Macmillan india collaboration

(a)Finance for non finance executives

Duration: 3 months, Fee: Rs.6742

Course: The course is designed to introduce participants from non-financial background to basic financial

and accounting concepts. It includes extensive coverage of concepts such as financial statements, ratio

analysis, break-even analysis, cost concepts, decision-making, capital budgeting and an introduction to the

forex markets thereby providing the participants with an insight into financial management.


Eligibility: Managers / executives from junior to senior levels in non-financial functions in the private and

public sector from any manufacturing or service industry

(b) International Finance

Duration:2 months

Fee: Rs. 6742

Course: The course aims to provide participants a broad exposure to the different dimensions of financial

management in the international context with an emphasis on exchange markets, exchange rate, currency

derivatives, exchange risk management and international investment decisions. The course seeks to enhance

skills of the participants by providing comprehensive insights, case studies and online interaction.

Eligibility: Finance Managers / executives from industries such as manufacturing, Information Technology,

services, FMCG, PSUs, who are involved in decisions related to international finance.

(c)Supply chain Management

Duration:2months

Fee:Rs. 6742

Course: The course is designed to equip the participants with concepts, tools and techniques of Supply

Chain Management (SCM) so that they may understand the strategy, operation and IT-enablement of the

supply chain they manage. It also aims at developing the decision-making capability in the SCM area.

Eligibility: Executives working in logistics, courier, transport and various other industries. Supply chain

professionals including those engaged in Information Technology, research and development, and systems

development projects with supply chain applications.

2.NIIT IMPERIA

(a)Management Development program

Six –sigma:Green belt Training


NIIT Imperia’s Green Belt training is among the most challenging and robust curricula offered. Our goal is

not to just train Green Belts, but to develop the very best Green Belts in the world. With that goal in mind,

we require both traditional work on a Six Sigma project concurrent to training, and expects students to take

exams and subject themselves to a challenging experience.

Fees: Rs. 15,000/-- plus applicable taxes (currently service tax of 12.36%). Fee to be paid at the time of

registering for the program. The above fee is inclusive of all academic charges, study material and working

lunch at NIIT Imperia centres. All fees are non-refundable.

Eligibility: Individuals carrying out Six Sigma Projects in their Operational area or as Team Members with a

Black Belt.

Duration: 5 Days

(b)Leadership and team building IMT Ghaziabad

Leadership and team building are the two prominent issues which are the need of the hour and thus are

knotted as an integral focus of this programme. This 5 day programme will help participants to develop their

leadership potential and skills alongside skills in team building

Duration:5 days

Fees: Rs. 15,000/-- plus applicable taxes (currently service tax of 12.36%).

Eligibility: Middle and senior level managers belonging to public and private sector organizations, services

sector, and public utilities will find this program extremely useful. Managers from organizations and

corporations with high emphasis on people/group driven activities will benefit from this program.

Content:

• Team and team building process.

• Identification of, and ways to, work through personal obstacles

• Trust building.

• Communication and Assertiveness

• Confrontation.


• Effective and ineffective groups.

• Managing relationships and conflicts in teams.

• Team leadership and building team culture

• Effective leadership and subordinacy.

• Building effective teams.

• Organizational success through personal effectiveness and teamwork.

• Leading change in organisations.

• Understanding and managing resistance to change .

• Lessons from successful ‘Leaders’.

• Various competencies and skills for managing task and people.

• Visionary and inspirational leadership.

• Interpersonal style and effectiveness

Certification

Candidates completing the Program will receive certificate of participation from IMT Ghaziabad.

3. Senior Management Programme: IIM Culcutta: Executive Management Programme 2008 - NIIT

Senior Management Program - IIM Calcutta: Executive Management Programs- Enrollment January 2008

This is a one year program and has been designed specifically to equip senior executives with quantitative

tools and qualitative perspective so that they can make strategic decisions. The program is divided into two

modules– the Introductory Module and the Advanced Module. The Introductory Module focuses on the

essentials of functional skills of management. The Advanced Module shifts focus to strategic thinking,

decision making, leadership styles, and managing business globally.

Who is eligible to attend?

The Program has been designed keeping in mind Senior and Middle-level managers with more than ten

years of work experience. The Program will be most useful for managers newly taking on (or likely to take

on) senior management responsibilities, and for senior functional managers moving to general management


http://admissionsindia.blogspot.com/2008/01/senior-management-programme-iim.html

roles. Practising senior managers who wish to update themselves on recent management thoughts will also

find this program relevant.

Eligibility Criteria and Selection Process:

Working managers with an experience profile of ten years or more, who are graduates (10+2+3 or

equivalent) in any discipline with 50% marks. Students would be selected on the basis of their performance

in the Program Aptitude Test to be conducted by NIIT Imperia, together with assessment of background and

motivation based on the application form submitted.

Common Application and Selection Process: There is a Common Application and Selection Process for

students applying for any number of Programs. All candidates need to complete the Common Application

Form (CAF) as the first step in the admission process.

Fees and Payment Schedule

Program Fees: Rs 1,94,000/-

The fees above are inclusive of all academic charges, including initial services, examinations, text-books

and study material. An additional amount of Rs 1500/day is payable towards boarding & lodging during the

intensive workshop at IIM Calcutta. All fees are non-refundable.Payments are to be made to NIIT Imperia,

by cash, cheque, demand draft, credit/debit card,ECS or EFT. A deferred payment facility exists with the

following schedule:

On Registration Rs 59,000/-

On 1st of Mar'08 -Rs 45,000/-

On 1st of May'08 -Rs 45,000/-

On 1st of July'08 - Rs 45,000/-

A Customized Education Loan scheme has been worked by NIIT Imperia with Leading Banks in order to

enable students to pursue these programs. The scheme is innovatively designed to enable working

executives to spread out the repayment.

4.IIM KOZHIKHODE

Executive education Program in strategic management.


PProgramme Structure and Curriculum

Spread over one year, it covers fundamental, competency related and integrative courses, structured to be

delivered in about 225 hours. The 13 courses offered are meant to impart management knowledge and skills

to the participants covering the latest concepts and techniques in the specific functional area of business.

Faculty from IIMK and distinguished visiting faculty from other reputed academic institutions and industry

will handle these courses.

The curriculum of eEPSM is given in the table below:

1. Fundamental courses: These courses provide the participants with the basic concepts underlying the

strategic management process.

2. Competency courses: These courses impart the skills and competencies that are needed to pursue

strategic activities of the organization

3. Integrative courses: These are capstone courses that try to integrate the learning in the programme

Fundamental courses

o Strategic Management (SM)

o Strategy Implementation (SI)

o Business Environment (BE)

o International Business (IB)

o Corporate Governance (CG)

o Competency courses

Integrative courses

o Mergers, Acquisitions & Strategic Alliances (MASA)

o Management of Technology & Innovation (MTI)

o Managing Change & Transformation (MCT)

o Management of Service Business (MSB)

The Programme will be delivered in 2 key components: 36 hours of classroom learning through In-

campus Modules and 189 hours of classroom learning through Interactive Distance Learning

o Models & Frameworks of Strategic Analysis (MFSA)

o Competitive Intelligence (CI)

o Management Control Systems (MCS)

o Entrepreneurship & New Ventures (ENV)

FEE: The Programme Fees for eEPSM Rs. 1,07,000/-


Additional Charges for books/reading material, Learning Management Support, Library and

computer facility at IIMK Campus, etc.). Rs 17,000/-The fees do not include the expenses of travel

and stay in Kozhikode for the compulsory modules conducted at the IIMK campus in Kozhikode for

one week each during the each term.

Duration : 1 year


BIBLIOGRAPHY:

Websites:

WWW.VALVOLINECUMMINS.COM

http://www.iimahd.ernet.in/contactus.htm

http://www.iimb.ernet.in/

http://symbiosis.ac.in/

http://www.xlri.ac.in/

www.ifebp.org

Magazines:

1.Human Factor

2.HRM Review(ICFAI)

Books:

1 Human resource management Gary Dessler


http://www.xlri.ac.in/

http://symbiosis.ac.in/

http://www.iimb.ernet.in/

http://www.iimahd.ernet.in/contactus.htm

http://WWW.VALVOLINECUMMINS.COM/

Conclusions
