Nishat Textile Mills Limited is the flagship company of the Nishat Group, which was established in 1951. The Nishat Group is a leading business conglomerate in Pakistan known worldwide for its textile products. Nishat Textile Mills operates spinning, weaving, processing and finishing facilities and exports most of its products to markets in the Far East and Europe. The company aims to transform into a dynamic yarn producer equipped to meaningfully contribute to Pakistan's economy through good governance, innovation and a skilled workforce. It emphasizes values like honesty, commitment, passion and courage. Nishat Textile Mills also focuses on corporate social responsibility and employee welfare.
3. Introduction:
Nishat Textile Mills Limited is the
flagship company of NISHAT GROUP ,it
was established in 1951 by Mian
Mohammad Yahiya. Nishat group is
among the leading business houses of
the country and ranks among the top 5
groups in terms of assets & revenue. The
group has its roots firmly planted into 4
core business namely:
4. NISHAT TEXTILE MILLS LIMITED
• The Nishat Group is world widely famous for its Textile
products.
• Mian Mohammad Mansha is the current chairman of the
this famous group.
• In the Textile capacity ,has the production process of
Spinning ,Weaving, Processing & Finishing which
involves the process of dyeing & Engraving.
The company has grew into export oriented organization in
which most of its products are exported to Far East &
Europe.
5. VISION & MISSION
VISION : To transform the company
into a dynamic yarn, that is fully
equipped to play a meaningful role on
sustainable basis in the economy of
Pakistan.
Mission:To provide quality products
to customers and explore new markets to
promote/ expand sales of the company
through good governance and foster a
sound and dynamic team, so as to achieve
optimum prices of products of the company
6. CORE VALUES
The vision & values of the Group remain integrated & aligned
with the Group’s culture & work ethics in all organizations.
We value:
• HONESTY
• COMMITMENT
• PASSION
• INNOVATION
• COURAGE
7. STRATEGIC ANALYSIS
•Corporate level strategies:
• NML stands up to its social responsibilities both in term of
environment & Welfare. The company covers housing &
medical expenses for its employees & also provides
schooling for their children.
•Business level strategies:
• The company’s strategy is to remain at the cutting edge in
terms of exploring new market & products. Investment in
state of the art technology & top quality HR has been key elements
of the company’s business strategy.
• The organizational structure is lean with very little hierarchy &
bureaucracy compared to other companies of similar size.
8. HR POLICY COMPONENTS
• RECRUITMENT:
• It is the process of finding & attracting capable APPLicants FROM
EMPLoyment. NML has standard a list of jobs that are filled in
accordance with international standards. How ever these lists are not
permanent & new jobs are added to it keeling in view the changing
needs of the workforce.
• Internal:
• HR department first recruit the employees from the company.
• External:
• A process In which the company gather and attract the people from outside
the company.
9. SELECTION
In Nishat Mills Limited the selection
process is a series of steps through
which the applicants pass
Preliminary Screening: In this stage the
personnel department performs the
function of short listing through different
type of interviews stages like
Proper interviews
Interviews for technical suitability
Investigation
Final selection: After successfully
completing all the stages he/ she is finally
10. TRAINING & DEVELOPMENT
• NML recognize the value of professional development & personal growth for
employees.
• NML has a full fledge department to conduct the training & monitor the training .
• NML train & develop their employees by two ways:
On The Job Training :
Employee training at the place of work while he or she is doing the actual job.
Off The Job Training:
• Off the job training occurs when employees are taken away from their place of work to
be trained.
• Training in NML:
• Training in NML is basically of two types:
• Training to new employees
• Training to existing employees
11. PERFORMANCE APPRAISAL
• NML Always focuses on its products & its customers. For
that, they always ensures a best quality by managing their
performances & working of their employees. They always
look after the assigned responsibilities & make an effective
communication with their employees to make a best
relationship.
• 360 degree appraisal system:
• NML use 360 degree appraisal system for their senior
management ,the company takes the feedback of their senior
management by workers, co workers, employees ,customers,
12. COMPENSATIONS & BENEFITS
“All forms of pay or rewards going to employees & arising from their employment.”
• NML has developed grades for rank & file workers & have structured pay scale
according to labor market & competition within the hospitality.
• NML provides its employees the compensations & benefits in the form of
• Health
• Safety
• Business insurance
• Workplace safety
13. OBJECTIVES OF COMPENSATIONS
• Compensation needs to be high enough to attract the
applicants.
• Retain present employees.
• Compensation management strives for internal &
external equity.
14. CONCLUSION
• The company is holding the position with the spinning & dying
units & the extraordinary production capacity.
• Different departments are working well to achieve the strategic
aims of the company. NML is adopting the latest management
information systems to access the data.
• The financial ratio analysis shows that the company is enjoying
good profits & running its operations well even in the condition
when the country is passing through critical conditions.