COMPONENTS OF HRM IN FORBES MARSHALL

Assignment Task 1:
1. Introduction of Forbes Marshall:
A. Company Profile:
 Founders: J. N. Marshall, Darius Forbes
 Started by J.N. Marshall in 1925 as a trading company.
 Expanded by Mr. Darius Forbes into a leading corporate group, manufacturing
advanced engineering products.
 A leading multinational engineering company.
 Specializing in steam engineering and control instrumentation.
 Focused on Process efficiency, Environmental monitoring, Energy efficiency and
utilities Management for diverse sectors.
 The first factory for the manufacture of steam products was set up in Kasarwadi,
Pune in 1958.
 In 1962 the company entered the control instrumentation business. (Forbes
Marshall, website)
Mission and Vision:
o To become a prestigious and advanced company in the burgeoning world of
technology, pursuing market leadership in the field of steam engineering, process
control and utilities management.
o Committed to growth and extension at international level, aimed to be a role
model organization for customers, society, suppliers and employees.

o The core vision and mission of the company is to offer solutions to the customers
in a best quality and innovative way to delight their customers. From the smallest steam
solutions to the most complex Instrumentation systems; from Packaged Boilers to
complex Turnkey systems, that is Forbes Marshall's unending mission called.
Key operational areas:
 Steam Engineering
 Control Automation
 Industrial Automation
 Flow & Level transmitters
 Water Quality analyses
 Control Valves & Steam Conditioning
 Emission Monitoring
 Vibration Monitoring Systems and Steam Systems
 Manufacturing
 Industrial Machinery & Equipment
 Metals & Minerals
 Industrial Instruments
 Science and Engineering
 Air Efficiency Monitoring
Business Activities:
 Forbes Marshall has a number of trained engineers work at an international level to
provide an immediate support of their services on the field to their customers globally. These
expert engineers are allocated in both national and international branches of company. Product
experts in the team are available to attend the critical issues, and also provide assistance
remotely, to help improve plant uptime and productivity.
 Expert engineers with the supply team handle issues of product repair. Every product that
comes in to mend, whether with or without warranty, goes through the complete cycle of testing
same as at the time of fabricating a new unit.
 A separate team provides assistance to customers for installations specific to pollution
control as per government set norms.
 Forbes Marshal conduct annual hardware issues analysis and its maintenance to ensure
effective and efficient operation of systems.
Forbes Marshall number of employees and competitors:
Forbes Marshall consists of 1,440 employees and is ranked 2nd among its top 10 below
competitors:
COMPANY SYMBOL

AIA Engineering Ltd. AIAENG
Axtel Industries Ltd. AXTIND
Ingersoll-Rand (India)
Ltd. INGEI
Kennametal India Ltd. KENIND
Mazda Ltd. MAZLTD
Revathi Equipment Ltd. REVEQU
Thejo Engineering Ltd. THEJEN
TRF Ltd. TRFLTD
Veljan Denison Ltd. DENHYD
ARI Armaturen ARI Armaturen
Forbes Marshall locations:
Forbes Marshall is headquartered in Pune, India and has 36 office locations.
Pune HQ, Ahmedabad, Bengaluru, Chennai, Coimbatore, Indore, Jamshedpur, Kochi,
Kolkata, Lucknow, Maharashtra, Mumbai, Nagpur, Navi Mumbai, New Delhi, Pune,
Sahibzada, Ajit Singh Nagar, Secunderabad, Surat, Vadodara, Visakhapatnam, Palo, Alto,
South Salt Lake, Dhaka, Mississauga, Girón, Ahmed El Sharnouby, Jakarta, Nairobi,
Petaling Jaya, Lagos, Colombo, Bangkok, Sharjah, Bakewell, Ha Noi.
B. Aims and objectives:
 Analyzing the global HR practices and its implementation in a company to achieve the
goals.
 To evaluate the leadership styles and adopting the best one in a company to get fruitful
results
 To examine the IHRM functions of a company in its different locations.
C. CRITICAL ANALYSIS:
FORBES MARSHAL HR PRACTICES:
Forbes Marshall is a family owned organization who believe in going extra miles for their
employees Forbes takes pride in its family spirit, culture and employee trust, which it strongly
believes has been the potential strategy in making it an employer of choice in the talent market.
Forbes believes in following values:

 A strong family spirit
 A values-driven culture at the base of their management processes
 Early adoption of sustainability initiatives
 Introduction of progressive people practices before they became 'best' practices, namely
flexi-timing (especially in a manufacturing context), a retirees program, affirmative steps
for the inclusion of women in the workforce
 Taking clear and actionable measures for making people accountable to each other,
including HR
Forbes Marshall HR philosophy enshrines the beliefs:
o An Organization is good when its people are good and efficient.
o People involvement in the tasks they do leads to an employee engagement.
o A world beating organization needs employees with world beating thoughts.
o The worth of honor and respect of an employee is as important as organization is.
There are two strong pillars of the above mentioned philosophy:
1. The Forbes Marshall Family spirit: This aspect of philosophy serves as the core of
their culture. Some practices that encourage this 'spirit' are supporting the education of
the children of their employees, taking initiatives and put efforts to reunite divorced
families, and a strong network of organization members connection to attract an ex-
employee to rejoin. The organization maintains a clear distinction between work-life,
personal-professional.
2. High accountability of both line managers and HR team: Forbes Marshall believes on
not to be a commander, and involve line managers in all people related decisions like
who to hire, when to hire and where to hire. The senior leaders and line managers have
equal rights of involving in HR related decisions and people strategies. HR is also
accountable to add values in their business and all HR issues are being tracked through
Forbes Marshall
Family Spirit
Innovation and
Entreprenuership
Integrity
Value delivery to
customer
members soceity