Pak Elektron to Hr

download Pak Elektron to Hr

of 29

Transcript of Pak Elektron to Hr

  • 8/4/2019 Pak Elektron to Hr

    1/29

  • 8/4/2019 Pak Elektron to Hr

    2/29

  • 8/4/2019 Pak Elektron to Hr

    3/29

  • 8/4/2019 Pak Elektron to Hr

    4/29

  • 8/4/2019 Pak Elektron to Hr

    5/29

  • 8/4/2019 Pak Elektron to Hr

    6/29

  • 8/4/2019 Pak Elektron to Hr

    7/29

  • 8/4/2019 Pak Elektron to Hr

    8/29

    P A K E L E K T R O N L I M I T E D

    LEARNINGS DURING INTERNSHIP:

  • 8/4/2019 Pak Elektron to Hr

    9/29

    During my internship I worked in FINANCE & ACCOUNTS departments. In finance department I

    analyzed financial position of company, sales, earning per share, profit, liabilities and assets of the company.

    Further in

    Finance department I worked in different sections of finance department.Logistics section:

    This section is relevant to the material.

    Here I came to know the procedure and tasks of the material section.

    daily check on production

    controlling the production plan for the future

    control on orders in hand

    What is the documentation in this section and working of the work?Corporate finance:

    Corporate finance section is the main part of the finance department.

    Leasing

    Guarantee

    Loan

    Here learned about the leasing, machinery leasing and vehicle leasing etc.

    Worked about bank guarantee, why it need to get the banks guarantee?

    What is the process of guarantee?

    Budgeting:

    The learning in this section was to prepare the budget for all the different sections and the

    departmentsAllocation of budgets for different departments.3

    COMSATS Institute of Information Technology, Lahore

  • 8/4/2019 Pak Elektron to Hr

    10/29

  • 8/4/2019 Pak Elektron to Hr

    11/29

  • 8/4/2019 Pak Elektron to Hr

    12/29

  • 8/4/2019 Pak Elektron to Hr

    13/29

  • 8/4/2019 Pak Elektron to Hr

    14/29

  • 8/4/2019 Pak Elektron to Hr

    15/29

    P A K E L E K T R O N L I M I T E D

    Treasury:

  • 8/4/2019 Pak Elektron to Hr

    16/29

    The learning in this section was based on the different tasks of the section.

    This section directly relates to the cash and cash affairs

    Inflow and outflow of cash was the basic work of this section..

    Collection

    Payments

    This section deals with

    Bank deali

    ng

    Fund payments/collection

    Updating banks

    Foreign payments

    Export transactions

    Pre-shipment:

    The learning in this section was the different steps of the work

    Tender

    Bidding

    Acceptance

    Purchase order

    Inspection

    Learned about the work, how to perform etc.

    Flow of work in the finance department.Accounts department:

  • 8/4/2019 Pak Elektron to Hr

    17/29

    4

    COMSATS Institute of Information Technology, Lahore

  • 8/4/2019 Pak Elektron to Hr

    18/29

  • 8/4/2019 Pak Elektron to Hr

    19/29

  • 8/4/2019 Pak Elektron to Hr

    20/29

    P A K E L E K T R O N L I M I T E D

    In

  • 8/4/2019 Pak Elektron to Hr

    21/29

    accounts department we worked in different section of the

    Costing

    Inventory

    Payable

    Payrolls

    Taxes

    In this department we worked on

    Payment and collection of funds

    Prepare voters

    Invoices

    How to control inventory

    How to calculate salaries, bonuses, and funds?

    Allocation of expenses, reimbursement of expenses to employees.

    AREAS OF IMPROVEMENTS:It was a great experience to work in PEL. I got there experience for my professional field.Here I found every thing so impressive, mannered, regular, and learning.

    In my observation in this so mannered company still need some improvements which can increase the

    productivity, goodwill and the loyalty of employees. The increase in theses field will result the worth of

    organization.

    When I analyzed the annual report of the company I came to know the low financial

    position, lot of loans which causes the low growth of the company and low profitmargin.More the area where it needs to improve that is

  • 8/4/2019 Pak Elektron to Hr

    22/29

    Company is in over trading condition

    Here need to improve the gradually decreasing share price.

    Financial charges must decrease.

    5

    COMSATS Institute of Information Technology, Lahore

  • 8/4/2019 Pak Elektron to Hr

    23/29

  • 8/4/2019 Pak Elektron to Hr

    24/29

  • 8/4/2019 Pak Elektron to Hr

    25/29

  • 8/4/2019 Pak Elektron to Hr

    26/29

    P A K E L E K T R O N L I M I T E D

    Administration improvements:

    There is no differentiation between the employees through their post, designation etc.

    Here must be identity in sitting of E1, E2, and E3.

    Here need to improve the training system of internees.

    Improvements required in their training system, sitting places in department and their

    duration in the companyThe

    timings of duty of internees should less then the employees.

    Internees must be given a lecture about the working in any specific section.

    Mess also requires improvement in quality as well as quantity.

    SUGGESTIONS TO IMPROVE PROCESSES/ PRODUCT

    AND CULTUREPAK ELEKTRON LTD is company which has a standard in the companies of Pakistan. PEL

    has disciplined and ethical groups of employees.

    There is a better portfolio of the company. Have I disciplined and mannered way of working.

    But in some areas need to improve some things which are beneficial to the company.Process:

    Organization portrays the scene of centralized culture.In organization is lack of employee empowerment. There should be direct communication between

    manager and the employee who doing some work.

    Huge documentation is used in organization.Culture:6

    COMSATS Institute of Information Technology, Lahore

    Pak Elektron Ltd. (Pel). Internship Report to

    Hr Dept. 03

    accounts department we worked in different section of the

    Costing

    Inventory

    Payable

    Payrolls

    Taxes

  • 8/4/2019 Pak Elektron to Hr

    27/29

    In this department we worked on

    Payment and collection of funds

    Prepare voters

    Invoices

    How to control inventory

    How to calculate salaries, bonuses, and funds?

    Allocation of expenses, reimbursement of expenses to employees.

    AREAS OF IMPROVEMENTS:It was a great experience to work in PEL. I got there experience for my professional field.

    Here I found every thing so impressive, mannered, regular, and learning.

    In my observation in this so mannered company still need some improvements which can increase the

    productivity, goodwill and the loyalty of employees. The increase in theses field will result the worth of

    organization.

    When I analyzed the annual report of the company I came to know the low financial

    position, lot of loans which causes the low growth of the company and low profit

    margin.

    More the area where it needs to improve that is

    Company is in over trading condition

    Here need to improve the gradually decreasing share price.

    Financial charges must decrease.

    5

    COMSATS Institute of Information Technology, Lahore

    P A K E L E K T R O N L I M I T E D

    Administration improvements:

    There is no differentiation between the employees through their post, designation etc.

    Here must be identity in sitting of E1, E2, and E3.

    Here need to improve the training system of internees.

    Improvements required in their training system, sitting places in department and their

    duration in the company

    The

  • 8/4/2019 Pak Elektron to Hr

    28/29

    timings of duty of internees should less then the employees.

    Internees must be given a lecture about the working in any specific section.

    Mess also requires improvement in quality as well as quantity.

    SUGGESTIONS TO IMPROVE PROCESSES/ PRODUCT

    AND CULTURE

    PAK ELEKTRON LTD is company which has a standard in the companies of Pakistan. PELhas disciplined and ethical groups of employees.

    There is a better portfolio of the company. Have I disciplined and mannered way of working.But in some areas need to improve some things which are beneficial to the company.Process:

    Organization portrays the scene of centralized culture.

    In organization is lack of employee empowerment. There should be direct communication between

    manager and the employee who doing some work.

    Huge documentation is used in organization.Culture:6

    COMSATS Institute of Information Technology, Lahore

    P A K E L E K T R O N L I M I T E D

    Lack of female staff shows the gender discrimination in organization.

    Female internees must be given a separate room for prayer.

    There should be the valuable identity of the company in performing the social responsibilities like

    charity, helping poor students.

    PEL should be known as environmental friendly organization.Product:

    Company should have a visible competitive edge on competitors about products and services.

    Quality of products needs more improvements

    The shape and the designing of the products should attractive.

    Low cost products as compared to competitors must be prepared.

    There is much lack of advertisement of POWER DIVISION products.

    There should be given the packages in different appliances products.

    EVALUATION OF INTERNSHIP PROGRAM

    Internship is based on two steps first study and then practical work.

    Study: which internee done before he comes in organization

  • 8/4/2019 Pak Elektron to Hr

    29/29

    Practical work: the basic aim of internee to join the organization

    Practical work involves

    Overview of work

    Documentation of work

    Practical work

    Internship at PEL:

    Here in internship at PEL it was based just on7

    COMSATS Institute of Information Technology, Lahore

    TABLE OF CONTENT

    LEARNINGS DURING INTERNSHIP:........................................................................... 3 AREAS OF

    IMPROVEMENTS:..................................................................................... 5 SUGGESTIONS TO IMPROVE PROCESSES/ PRODUCT

    AND CULTURE........ ................. .... 6 LINK BETWEEN QUALIFICATION AND INTERNSHIP PROGRAM................................. . . . .

    . 8 PEL AS A FUTURE EMPLOYER................................................................................. 10

    11

    COMSATS Institute of Information Technology, Lahore