T
We deem our proud privilege to express our deep
gratitude to
Several peoples for providing us with the necessary
guidance
And help in marking our project meaningful. We express
our
Heartfelt thanks to the faculty members of our
management
Department of SIT (Siliguri Institute of technology) for
Providing helpful information and guidance. Our words
of
indebtedness would be incomplete without our sincere
appreciation to our institutional guide Ms. Pratyusha
Guha, lecturer(Mgmt.dept), SIT, for their
Encouragement & advice in carrying out our work. Last
but not the least we express out gratitude towards our
Family members, friends and our colleagues for their
Support and cooperation.
DECLARATION
I do here by; declare that this report is submitted by
me for partial fulfillment of the Bachelor of Business
Administration BBA (H) In Siliguri institute of
Technology (SIT), WBUT. The report is Exclusively
Prepared by me and not been submitted to any
Other Institute or published any where before.
SIGNATURE
DATE
INDEX
SL.NO-
Contents:
1 INTRODUCTION
1.3 INTRODUCTION TO THE STUDY
2 REVIEW OF
LITERATURE
3 RESEARCH
METHODOLOGY
4 DATA ANALYSIS
5 FINDINGS
6 SUGGESTION
7 CONCLUSION
LIST OF TABLES
Page
S.NO TITLE
No
1.1 Position category of the employees
1.2 Years of experience of the employees
1.3 Employees satisfaction towards work environment
1.4 Employees satisfaction towards incentives provided by the organization
1.5 Opinion about managements interest in motivating employees
1.6 Employees opinion about opportunities for growth and promotion
1.7 Employees opinion about their career development in the organization
Employees response towards the welfare policies offered by the
1.8
organization
1.9 Factors motivating the employees
1.10 Employees opinion about stress due to overwork
1.11 What did the employees like more about the company
1.12 Employees opinion about the medical facilities offered by the company
LIST OF CHARTS
Page
S.NO TITLE
No
1.1 Position category of the employees
1.2 Years of experience of the employees
1.3 Employees satisfaction towards work environment
Employees satisfaction towards incentives provided by the
1.4
organization
1.5 Opinion about managements interest in motivating employees
1.6 Employees opinion about opportunities for growth and promotion
Employees opinion about their career development in the
1.7
organization
Employees response towards the welfare policies offered by the
1.8
organization
1.9 Factors motivating the employees
1.10 Employees opinion about stress due to overwork
1.11 What did the employees like more about the company
Employees opinion about the medical facilities offered by the
1.12
company
PRIMARY OBJECTIVE:
To reduce the employees turn over in the organization.
SECONDARY OBJECTIVE:
To retain the experienced and skillful employees within the organization.
To reduce the cost of turn over.
To identify the factors causing dissatisfaction of the employees
To identify the factors motivating the employees
Providing job satisfaction to the employees will increase employee loyalty which in turn
helps the organization to retain their employees.
LIMITATIONS OF THE STUDY
Due to time constraint the study is restricted only to limited respondents
The information collected may not be accurate.
Some respondents have not responded to all the questions.
The data given by the respondents may be personally biased.
Area of the study is confined to the employees in Chennai only.
2. REVIEW OF LITERATURE
Employee turnover rates have, within the last several years, become a nationwide epidemic.
Employees no longer feel the sense of company loyalty that once existed. By developing
multivariate models that combine a number of factors contributing to turnover and
empirically testing the models researchers have sought to predict why individuals leave
organizations.
Many studies are based on only a small number of variables which often only explain a small
amount of variability in turnover. Another criticism of turnover studies is that they do not
adequately capture the complex psychological processes involved in individual turnover
decisions.
There have been have been a number of factors that appear to be consistently linked to
turnover. An early review article of studies on turnover by Mobley et al (1979) revealed that
age, tenure, overall satisfaction, job content, intentions to remain on the job, and commitment
were all negatively related to turnover (i.e. the higher the variable, the lower the turnover).
In 1995, a meta-analysis of some 800 turnover studies was conducted by Hom and Griffeth,
which was recently updated (Griffeth et al, 2000). Their analysis confirmed some well-
established findings on the causes of turnover. These include: job satisfaction, organizational
commitment, comparison of alternatives and intention to quit.
William M. Mercer, Inc. (1998) discovered, when surveying 206 medium to large companies
in 1998, businesses high turnover often lost employees because of dissatisfaction with
compensation.
Elangovan (2001) noted that the notion of job satisfaction and organizational commitment
being causally related has not been incorporated in most turnover models. His study indicated
there were strong causal links between stress and satisfaction (higher stress leads to lower
satisfaction) and between satisfaction and commitment (lower satisfaction leads to lower
commitment). He further noted a reciprocal relationship between commitment and turnover
intentions
A recent study of turnover by Boxall et al (2003) in New Zealand confirmed the view that
motivation for job change is multidimensional and that no one factor will explain it.
3. RESEARCH METHODOLOGY
The Research design used in the study was descriptive research design. The descriptive
study portrays the characteristics of a group or an individual or situation.
TEST OF INDEPENDENCE
test enables us to explain whether or not two attributes are associated. In order
be may apply the chi square test either as a test to judge the significance of association
between attributes, it is necessary that the observe as well as theoritical or expected
frequencies must be grouped in the same way and theoritical distribution must be adjusted to
give the same total frequency as we find in case of observe distribution.
Karl Pearson developed a test for testing the significance of discrepancy between
experimental values and the theoritical values obtained under some theory or hypothesis. This
test is known as test of goodness of fit. Karl Pearson proved that statistic
= /E
O Observed frequency
E Expected frequency
is used to test whether difference between observed and expected frequencies are
frequent.
calculated using the formula (r 1) (c -1). The table value for this degree of freedom is seen
using 5% or 1% of significant level.
If table value is greater than calculated value, Null hypothesis is accepted or
CHART 4.1.1
CLASSIFICATION OF EMPLOYEES BASED ON THEIR EXPERIENCE
14
10 10
9
7
Interpretation: It is infered that 20% of employees has experience less than 1 year, 28% of
employees has experience of 1-2 year, 20% of employees has experience of 2-3 year,and 14%
of employees has experience of 3-4 year and 18% of employees has experience above 4
years.
TABLE 4.1.2
POSITION CATEGORY
CHART 4.1.2
POSITION CATEGORY
28
22
Interpretation: It is infered that 56% of employee belongs to Middle level and 44% of
employees belongs to Managerial level.
TABLE 4.1.3
SATISFACTION TOWARDS THE WORK ENVIRONMENT
CHART 4.1.3
SATISFACTION TOWARDS THE WORK ENVIRONMENT
22
11
10
4
3
Interpretation: From the table it is infered that 20% of employees are highly satisfied with
the work environmnent,44% of employees are satisfied with the work environmnent,22% of
employees are neutral in satisfaction with the work environmnent,8% of employees are
dissatisfied with the work environmnent and 6% of employees are highly dissatisfied with the
work environmnent.
TABLE 4.1.4
OPINION ABOUT THE INCENTIVES PROVIDED
S.no Response Respondents Percentage
1 Highly satisfied 24 48
2 Satisfied 16 32
3 Neutral 7 14
4 Dissatisfied 3 6
5 Highly dissatisfied - -
Total 50 100
CHART 4.1.4
OPINION ABOUT THE INCENTIVES PROVIDED
24
16
Interpretation: From the table it is seen that 48% of employees are highly satisfied 32% of
employees are satisfied 14% or employees are neutral and 6% of employees are dissatisfied
with the incentives provided in the organisation.
TABLE 4.1.5
THE MANAGEMENTS INTEREST IN MOTIVATING EMPLOYEES
CHART 4.1.5
THE MANAGEMENTS INTEREST IN MOTIVATING EMPLOYEES
20
14
11
Interpretation: From the table it is infered that 40% of employees strongly agree,22% of
employeesagree,28% of employees are neutral and 10% of employees disagree with the
managements interest in motivating employees.
TABLE 4.1.6
OPINION ABOUT THE OPPORTUNITIES FOR PROMOTION
S.no Response Respondents Percentage
1 Highly satisfied 15 30
2 Satisfied 28 56
3 Dissatisfied 5 10
4 Highly dissatisfied 2 4
Total 50 100
CHART 4.1.6
OPINION ABOUT THE OPPORTUNITIES FOR PROMOTION
28
15
Interpretation: It is clear that 30% of employees are highly satisfied,56% of employees are
satisfied,10% of employees are dissatisfied and 4% of employees are highly dissatisfied with
opportunities for growth and promotion.
TABLE 4.1.7
SATISFACTION REGARDING THE CAREER DEVELOPMENT
S.no Response Respondents Percentage
1 Strongly agree 10 20
2 Agree 20 40
3 Neutral 15 30
4 Disagree 2 4
5 Strongly disagree 3 6
Total 50 100
CHART 4.1.7
SATISFACTION REGARDING THE CAREER DEVELOPMENT
20
15
10
3
2
TABLE 4.1.8
RESPONSE ABOUT THE WELFARE POLICIES PROVIDED
CHART 4.1.8
RESPONSE ABOUT THE WELFARE POLICIES PROVIDED
24
17
Interpretation: 48% of employees are highly satisfied,34% of employees are satisfied and
18% of employees are neutral with the welfare policies provided in the company.
TABLE 4.1.9
FACTORS MOTIVATING THE EMPLOYEES
CHART 4.1.9
FACTORS MOTIVATING THE EMPLOYEES
20
15
8 7
TABLE 4.1.10
STRESS DUE TO OVERWORK
CHART 4.1.10
STRESS DUE TO OVERWORK
38
12
Interpretation: It is infered that 76% of employees accepted the fact of stress due to over
work in the company and 24% of employees doesnt accepted the fact of stress due to over
work.
TABLE 4.1.11
WHAT DID YOU LIKE MORE ABOUT THE COMPANY
CHART 4.1.11
WHAT DID YOU LIKE MORE ABOUT THE COMPANY
12; 24%
25; 50% 5; 10%
8; 16%
TABLE 4.1.12
MEDICAL FACILITIES PROVIDED IN THE ORGANISATION
S.No Response No. of Respondents Percentage
1 Yes 50 100
2 No - -
Total 50 100
CHART 4.1.12
MEDICAL FACILITIES PROVIDED IN THE ORGANISATION
50
Interpretation: It is infered that all the respondents are satisfied with the medical facilities
offered by the organisation.
TABLE 4.1.13
RESPONSE TOWARDS THE PERFORMANCE APPRAISAL SYSTEM
S.No Response No. of Respondents Percentage
1 Yes 35 70
2 No 15 30
Total 50 100
CHART 4.1.13
RESPONSE TOWARDS THE PERFORMANCE APPRAISAL SYSTEM
15; 30%
35; 70%
Interpretation: It is infered that 70% of employees are satisfied with the performance
appraisal system and 30% of employees are not satisfied with the performance appraisal
system followed in the organisation.
TABLE 4.1.14
OPINION ABOUT BALANCING WORK LIFE AND PERSONAL LIFE
S.No Response No. of Respondents Percentage
1 Yes 38 76
2 No 12 24
Total 50 100
CHART 4.1.14
OPINION ABOUT BALANCING WORK LIFE AND PERSONAL LIFE
38
12
Interpretation: It is infered that 76% of employees are satisfied about balancing work life
with the personal life and 24% of employees are nt satisfied in balancing the work life with
the personal life
TABLE 4.1.15
OPINION ABOUT GREIVANCE HANDLING SYSTEM
S.no Factors Respondents Percentage
1 Highly efficient 12 24
2 Efficient 23 46
3 Inefficient 5 10
4 Highly inefficient 3 6
5 Neither efficient nor inefficient 7 14
Total 50 100
CHART 4.1.15
OPINION ABOUT GREIVANCE HANDLING SYSTEM
23
12
7
5
3
TABLE 4.1.16
COMPANY WELCOMES NEW IDEAS AND INNOVATION
CHART 4.1.16
COMPANY WELCOMES NEW IDEAS AND INNOVATION
40
10
Interpretation: It is infered that 80% of employees responded yes and 20% of employees
responded no for companys interest in entertaining new ideas and innovation from
employees.
TABLE 4.1.17
OPINION ABOUT SUPERIOR SUBORDINATE RELATIONSHIP
S.no Factors Respondents Percentage
1 Highly satisfied 12 24
2 Satisfied 22 44
3 Neutral 11 22
4 Dissatisfied 5 10
Total 50 100
CHART 4.1.17
OPINION ABOUT SUPERIOR SUBORDINATE RELATIONSHIP
22
12
11
STATISTICAL TOOLS
4.2 CHI - SQUARE TEST
Calculation of :
Observed Expected /
Frequency (O) Frequency (E)
E
10 10 0 0
22 10 144 14.4
11 10 1 0.1
4 10 36 3.6
3 10 49 4.9
TOTAL 23
Calculated ^2 =
0 Observed Frequency
E Expected Frequency
Calculated =23
Observed Expected /
Frequency (0) Frequency (E) E
10 10 0 0
20 10 100 10
15 10 25 2.5
2 10 64 6.4
3 10 49 4.9
TOTAL 23.8
Calculated ^2 =
0 Observed Frequency
E Expected Frequency
Calculated =23
i.e, there is significant difference between the career development of employees and the
employee retention
3 WEIGHTED AVERAGE METHOD
Promotion 20 4 8 I
Leave 7 1 0.7 IV
Power 15 3 4.5 II
Total 50 10 14.8
Inference:
From the table it is seen that most of the respondents have given first preference to
promotion, second preference to power, third preference to increase in salary and fourth
preference to leave with respect to the factors motivating them.
4.3.2. GREIVANCE HANDLING SYSTEM IN THE ORGANISATION
Options Respondents (Xi) Weightage (Wi) (Wi*Xi)/ Wi Rank
Highly 12 5 4 II
efficient
Efficient 23 4 6.1 I
Inefficient 5 2 0.66 IV
Highly 3 1 0.2 V
inefficient
Neither 7 3 1.4 III
efficient nor
inefficient
Total 40 15 12
Inference:
From the table it is seen that most of the respondents have rated first for Efficient,
secondly Highly efficient, third rank is for Neither efficient nor inefficient, Inefficient stands
fourth, whereas Highly inefficient stands the last that has been improved.
FINDINGS
It is infered that 20% of employees has experience less than 1 year, 28% of
employees has experience of 1-2 year, 20% of employees has experience of 2-3
year,and 14% of employees has experience of 3-4 year and 18% of employees has
experience above 4 years.
It is infered that 56% of employee belongs to Middle level and 44% of employees
belongs to Managerial level
From the table it is infered that 20% of employees are highly satisfied with the work
environmnent,44% are satisfied with the work environmnent,22% are neutral in
satisfaction with the work environmnent,8% are dissatisfied with the work
environmnent and 6% are highly dissatisfied with the work environmnent.
From the table it is seen that 48% of employees are highly satisfied 32% are satisfied
14% are neutral and 6% are dissatisfied with the incentives provided in the
organisation.
It is infered that all the respondents are satisfied with the medical facilities offered by
the organisation.
It is infered that 70% of employees are satisfied with the performance appraisal system
and 30% of employees are not satisfied with the performance appraisal system
followed in the organisation.
It is infered that 76% of employees are satisfied about balancing work life with the
personal life and 24% of employees are not satisfied in balancing the work life with the
personal life
It is infered that 80% of employees responded yes and 20% of employees responded
no for companys interest in entertaining new ideas and innovation from employees.
The Management should take efforts in motivating the employees working in the
organization.
The Organization should concentrate on the career development of the employees
The job stress experienced by the employees can be reduced by increasing the
manpower in the organization.
The management should create growth opportunities for the employees
Grievance handling system can be made more efficient which results in increased
level of satisfaction among the employees.
Employees should be recognized for their work. This enables a better superior
Sub ordinate relationship within the organization.
The management should provide a better work environment which results in job
satisfaction to the employees.
CONCLUSION
In order to retain the employees within the organization, their complaints should be resolved
immediately. Many complaints can become grievances if unnoticed. The Grievance Handling
system should be made more efficient in the organization. The employees are valuable assets
to the organization retaining them is considered to be more essential.. The organization has to
motivate the employees. Motivation increases performance level, it lowers employee
turnover. Motivation ensures stability of workforce and hence the stability of the
organization. The organization has to concentrate in career development of their employees.
The increased attention to and concern for individual careers generate more organizational
loyalty and therefore lower employee turnover. Organizations should proactively recognize
the benefits of understanding, managing and improving employee loyalty.