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Effectiveness of Employee Rete - Belgy John - 5183
Effectiveness of Employee Rete - Belgy John - 5183
BELGY JOHN
REG.NO. B3PCOM3316
UNDER THE SUPERVISION AND GUIDANCE OF
MISS.DEEPTHY JOSEPH
(DEPARTMENT OF COMMERCE)
DEPARTMENT OF COMMERCE
I also declare that this report has not been submitted by me fully or partly
for the award of any other Degree, Diploma or any other recognition earlier.
Place: Angadikadavu
Date: 20-05-2015
DEPARTMENT OF COMMERCE
DON BOSCO ARTS AND SCIENCE COLLEGE,
ANGADIKADAVU, IRITTY - 670706
CERTIFICATE
This report has not previously formed the basis for the award of any degree,
or any other similar title by the candidate.
DEPARTMENT OF COMMERCE
DON BOSCO ARTS AND SCIENCE COLLEGE,
ANGADIKADAVU, IRITTY - 670706
CERTIFICATE
This is to certify that the project report entitled “EFFECTIVENESS OF
EMPLOYEE RETENTION STRATEGY IN POPULAR MOTORS
LIMITED, KANHANGAD” is a record of genuine work done by the
candidate BELGY JOHN during the period of his study at Don Bosco Arts
and Science College, Angadikadavu, Iritty - 670706, in partial fulfillment of
requirements for the award of the degree of Master of Commerce of the
Kannur University, 2015 under the supervision and guidance of
MISS.DEEPTHY JOSEPH, Assistant Professor, Department of Commerce.
This report has not previously formed the basis for the award of any degree,
or any other similar title by the candidate.
Place: Angadikadavu
Date: 20-05-2015
ACKNOWLEDGEMENTS
I sincerely wish to express my deep sense of gratitude to all who helped me
to complete project work. First and foremost I than the God almighty, for
his blessing and grace for the successful completion of the project work.
I acknowledge my gratitude to the Principal, Fr. Martin Augustine, Don
Bosco Arts and Science College Angadikkadavu, for giving me an
opportunity to undertake this venture.
BELGYJOHN
B3PCOM3316
CONTENTS
SL. NO TITLE PAGE NO
List of Tables
List of Charts
39-72
Chapter 5 Analysis and Interpretations
Bibliography
Appendix
LIST OF TABLES
SL. NO TITLE PAGE NO
5.33.3 Average 72
CHAPTER I
INTRODUCTION
Human resource management is a function in organizations designed to maximize
employee performance in service of their employer’s strategic objectives. Human
resource management is primarily concerned with how people are managed within
organizations, focusing on policies and systems. Human resource management
departments and units in organizations are typically responsible for a number of
activities, including employee recruitment, training and development,
performance appraisal, and rewarding. Human resource management is also
concerned with industrial relations, that is, the balancing of organizational
practices with regulations arising from collective bargaining and governmental
laws.
Human resource management is a product of the human relations movement of the
early 20th century, when researchers began documenting ways of creating
business value through the strategic management of the workforce. The function
was initially dominated by transactional work, such as payroll and benefits
administration, but due to globalization, company consolidation, technological
advancement, and further research, Human resource management now focuses on
strategic initiatives like mergers and acquisitions, talent management, succession
planning, industrial and labor relations, and diversity and inclusion.
Employees are the most variable assets in any organization. Employees like to
retain in a company when they are provided with good working condition, good
salary package etc. A consistent workforce is needed for the smooth functioning
of an organization. The management provides monetory and non monetory
benefits in order to retain them. But still there is labour turnover and absenteeism
is present in many organizations. Different organization takes different strategies
to retain their employees. A proper retention strategy is needed for retaining the
workers. Hence this study is undertaken in order to study the impact of retention
strategy of popular motors.
1.2 SIGNIFICANCE OF THE STUDY
1.5 METHODOLOGY
In common words research means to search for knowledge. One can also define
research as a scientific and systematic search for information on a specific topic.
In fact research is an art of scientific investigation.
A research design is purely and simply the frame work or plan for the study that
guides the collection and analysis of the data. It is a blue print that is follows in
completing a study. Research is the plan structure and strategy of investigation
conceived to us to obtain answer to research question and control variance
Both primary data and secondary data were used to conduct the study.
PRIMARY DATA
Primary data has been collected from 50 respondents through a well structured
questionnaire and by self observation.
SECONDARY DATA
The secondary source of data includes books, journals, periodicals, magazines and
different websites.
1.5.4POPULATION
The population selected for the study is employees from popular motors
kanhangad.
1.5.5SAMPLE SIZE
a) PERCENTAGE METHOD
The tool which is used for the data analysis is percentage. Percentage is a number
or ratio expressed as a fraction of 100. It is often denoted using the percent sign
“%”. Percentage is used to express how large or small one quantity is relative to
another quantity. The formula used to calculate percentage is
Percentage = amount/total* 100
b) RANKING METHOD
The likert scale is one the most widely used attitude scaling technique. In this
approach, the respondents are asked to indicate his degree of agreement or
disagreement with each of the series of statement that are related to the objects in
questions.
Normally the likert scale is expressed in the terms of five categories, although
three and seven are sometimes used. The usual description for the five categories
is:-
• Highly satisfied
• Satisfied
• Neutral
• Dissatisfied
• Highly dissatisfied
Each point of the scale carries a score. The choice between the two ordering of
score for an item depends on whether ‘agree’ indicates a favorable or unfavorable
attitude. Sometimes it will be expressed positively, so that indicate a favorable
attitude and sometimes negatively, so that answer indicate an unfavorable attitude.
To make that total score meaningful; positive answer must be scored in one order
and negative one in reverse order.
1. Introduction
2. Review of literature
3. Company profile
4. Theoretical framework
5. Analysis and interpretation
6. Findings, suggestion
1.8 LIMITATIONS OF THE STUDY
The sample size is a limiting factor of the study, so findings cannot be taken
for generalization.
The information given by the employees are biased. Some people hesitated to
fill the questionnaire.
Most of the employees are busy with their work and are not able to give all the
information.
There was a fear of reprisal among the employees to reveal their personal
feelings and the result may not reflect the actual satisfaction.
CHAPTER II
REVIEW OF LITERATURE
Numerous studies have been conducted on employee retention so far. The
exponential growth of automotive sector in India in the last few decades have
prompted the Organization to focus on employee centered employment
relationship to hold back the employees. A considerable amount of literature has
been published on retention so far. Review of literature of the related studies gave
an insight about the subject matter and also helped in analyzing the existing gap
that could be taken up for further research.
Get Les Mckeown ( 2007) stated that employee retention is a systematic effort by
employers to create and foster an environment that encourages current employees
to remain employed by having policies and practices in place that address their
diverse needs.
Shaw, Gupta and Delery( 2005) indicate that employee retention plays a vital role
in bridging the gap between the macro strategies and micro behaviour in
Organizations. This is because it ensures stability and connects the experiences of
individuals in Organizations on a continuous basis to the critical measures of
success factors in the Organization.
Boswell ( 2005) noticed that the decision of leaving the organization is not easy
for an individual employee as well as significant energy is spent on finding new
jobs, adjusting to new situations, giving up known routines and interpersonal
connection and is so stressful. Therefore if timely and proper measures are taken
by the Organizations, some of the voluntary turnover in the Organization can be
prevented.
Mobley (1982) indicates that the reasons for employee turnover may vary from
external environmental factors such as economy that influence the business that in
turn affects the employment levels to Organizational variables such as type of
industry, occupational category, Organization size, payment, supervisory level,
location, selection process, work environment, work assignments, benefits,
promotions.
Arthur (2001) reveals that the factors that influence employee turnover in
Organizations include the individual work variables like demographic variables,
integrative variables like job satisfaction, pay, promotion and working condition
and the individual nonworking variables such as family related variables.
Lee, Mitchell, Sablynski, Burton, and Holtom, (2004) in a subsequent study states
that job embeddedness was negatively correlated with intention to leave and
predicted subsequent voluntary turnover.
Arnold & Feldman (1982) reveals that Demographic factors cannot be ignored as
age, tenure, level of education, level of income, job category, gender have
influenced employee retention and have been found to have stable relationship
with turnover intention. Of the above demographic factors, age, tenure and income
level was found to be negatively related to turnover intention, level of education is
positively associated with turnover, the more educated the employees there is a
tendency to quit.
With respect to job category, Wai&Robinson 1998 )and Price and Mueller, (1986
) found that non-managerial employees are more likely to quit than managerial
employees. Relationship between gender and turnover showed mixed result.
Cotton and Tuttle (1986) and Weisberg and Kirshenbaum (1993) found females
more likely to leave than males.
A study conducted by Elaine (1997) and Summers and Hendrix (Mobley (1982)
and Dickter, Roznowski and Harrison (1996) called for more research and theory
pertaining to how the turnover process occurs over time found males more likely
to quit than females in favour of a more attractive job if their expectations are not
met as they are the breadwinner for the family and females work to basically
supplement the family income.
Though many studies were conducted on the topic retention and labour turnover
by many researchers still it is a problem in many organization. Management
implements many strategies to reduce labour turnover. So it conducted a study in
popular motors limited to analysis the impact of retention strategy in this
organization.
CHAPTER III
COMPANY PROFILE
POPULARMOTORS
Popular motors began operations in the year 2000 as the authorized dealership for
sales and service of Maruti cars. Apart from sales and service of Maruti cars,
popular motors also facilitate exchange of used-cars and sale of Maruti-certified
used-cars through their TRUE VALUE division. It offers a wide range of value-
added products to its customers to provide a complete solution to their needs.
These include Insurance, Maruti Finance, Maruti Genuine Accessories and
Extended Warranty.
Vision
In popular motors, sale is not something they pursue. It is something that happens
to them when they are immersed in serving their customers. These believe that
there are no results inside their walls. The result of their business is a satisfied
customer. While product or price advantage can be easily duplicated, a strong
customer service culture cannot be copied. Each and every one of their customer
is their brand ambassador. They intend to achieve this by providing high standards
of quality in all their products. . Their assurance to customers is simple –
DELIGHT GUARANTEED.
Mission
Quality policy
Today’s market is high competitive, If a firm wants to survive in the market then
it has to provide quality assurance and accuracy for the products. In Popular
motors quality is, to achieve the almost customer satisfaction through satisfying
identified and silent requirements of customers. in they treated customer as a king.
5S
In Japanese Language 5S is
Seition – Arrangement
Seiso – Cleaning
Seiketso – Cleanliness
Shitsuke – Discipline
3M
In Japanese Language 3M is
Muri – Inconvenience
Muda – Wastage
Mura – Inconsistency
3.3 Management Objectives
Corporate Culture
Corporate culture refers to the shared values, attitudes, standards, and beliefs that
characterize members of an organization and define its nature. Corporate culture is
rooted in an organization's goals, strategies, structure, and approaches to labor,
customers, investors, and the greater community.
Product Profile
Maruti -800
Features
Omni
Features
• 4 stroke cycles, water cooled 796 c c, 3 cylinders.
• Manual, 4 forward, all synchromesh one reverse.
• Front: booster assisted disc brakes rear: drum.
• Front: McPherson strut, Rear: leaf spring with shock absorbers.
• Magnificent clear –lens headlamps.
• Smart center console with useful spaces.
• Dynamic steering wheel.
Gypsy
Features
Alto
Features
Features
Estilo
Features
Wagoner
Features
Astar
Features
Alto K 10
Features
Ritz
Features
Swift
Features
Dzire
Features
Ritz Minor
FEATURES
Alto 800
Features
Ertiga
Features
Features
Grand Vitara
Features
Kizashi
Features
• Classic Hyundai
• Indus Motors.
Indus Motor Company Private Limited, (trade name, Indus Motors) is the Maruti
Dealer in India. The Company having its registered office at Indus House,
Chakorathukulam, Calicut and Corporate Office at Thevara, Kochi was
incorporated on 11th July, 1984. The sale of Maruti vehicle is soundly boosted by
marketing intelligence of the Indus Motors.
The infrastructural facilities of popular motors are fully equipped with excellent
architecture facilities. The showroom interior is finished with excellent flooring,
ceiling and lighting. The showroom has well furnished reception table, discussion
table and chairs. There are display boards showing the details of delivery vehicles
and schedules. The customer lounge is well equipped with 32’ inch LCD TV.
Another important feature of showroom is that it provides an area for kids’ zone
with wooden flooring, video games and toys where the kids can be entertained.
The showroom is fully air conditioned. Popular motors having a wide back office
and its having specious seating arrangement for all staff.
Achievements/ Awards
2011-12 (All-India)
2011-12 (Kerala)
2010-11 (All-India)
FEEDBACK
PRESALES DELIVERY
SERVICE
VEHICLE
BOOKING
DEMONSTRATION
FINANCIAL
TEST DRIVE OPTOINS
Workflow model
Figure 3.1
Pre Sales
Enquiry
An enquiry is any process that has the aim of augment knowledge, resolving doubt
or solving problem. Depending on the interest of the customer, the customer
would come forward and show his/ her interest by putting forward certain queries
with regard to the products, here in at am motors as customer put forward certain
interest, the sales executives would help the customers in answering their
questions.
Vehicle Demonstration
Test Drive
The customer can take the car for the test ride either from the showroom or has an
option to ask the sales executive to get the car to the customer’s residence. In this
stage the customer can identify the real driving potency of the vehicle.
Financial Options
In this stage, the customers who are seldom possible to source the vehicle at ready
cash may opt for financing. There are various financing companies which support
the customer with suitable interest rates and facilities.
Booking
In this stage, the customer books the selected vehicles on his requisite. The
customer needs to pay certain sum of amount in order to book the vehicle to
initiate the booking.
Paper Work
After booking the vehicle, the next stage will initiate from paper works. To
complete the delivery process, certain paper works regarding insurance, tax
matters etc. need to be done.
Delivery
This is an important aspect of the whole of the sale process. Where the car is
being delivered to the customer .When the customer pays the whole amount for
the vehicle, the delivery process begins. At the time delivery the customer obtains
all the papers such as accessories bill, temporary registration certificate, etc. The
sale process completes at this stage.
Feedback
After the sale, the feedback of the customer should be obtained regarding the
performance of the vehicle in a reasonable time. If there is any negative response,
the same should be solved with immediate effect.
Service
The sold vehicle should be serviced at regular intervals either on the basis of
usage or time period. There will be three free-services with respect to each new
vehicle sold. The other services are paid services, running repairs etc.
3.6 ORGANIZATIONSTRUCTURE
In functional areas will have personnel with varied skills but those skills are
grouped on their similarities. The people who have identical skills can be grouped
easily and they can be placed in separate units and an aforesaid organizational
structure is formed. The ultimate controlling authority coordinates with all level
which are commonly called the top management
The organizational structure with functional focus tries to allocate the available
people according to their roles, forming what is referred to as a functional
department. Each department usually has a department head with the title of
department manager, or something similar.
System
The procedure, process and routine that characterize how important work is to be
done. Financial systems; hiring, promotion and performance appraisal system;
information system. System is the daily activities and procedure that staff
members engaged in to get the job done. Every organization has some systems or
internal process to support and implement the strategy and run day-to-day affairs.
Following are the important system that runs the smooth flow of work in AM
motors.
Quality Assurance System
Style
All organizations have their own distinct culture and management style. It
includes the dominant values, beliefs and norms which develop over time and
become relatively enduring features of the organizational life. Regular meetings
are held with supervisors to review the progress achieved. Performance chart are
prepared to serve as a motivational tool for better performance and also to serve
for review purpose. Individual suggestions and participation is also seen, i. e, the
senior and heads to exchange dialogues with juniors on a regular and informal
flattening of the admin do take place.
Staff
Staff is number and type of personnel within the organization. Organizations are
made up of humans and it’s the people who make the real difference to the
success of the organization in the
THEORETICAL FRAMEWORK
INTRODUCTION
1."It doesn't feel good around here." This can include any number of issues to do
with the corporate culture and the physical working environment.
2."They wouldn't miss me if I were gone." Many people don't feel personally
valued. When people don't feel engaged or appreciated, all the money in the world
can't hold them.
3."I don't get the support I need to get my job done." People want to do a good
job; they want to excel. At the same time, most feel as though their boss won't let
them do a good job. When frustrations exceed the employee's threshold, they
leave.
4. Lack of opportunity for advancement. Advancement doesn't necessarily mean
promotion. More often, it means personal and professional growth. People want to
be better tomorrow than they are today.
Many executives still cling to the outdated notion that people "go for the gold",
that salary dictates all their employment decisions. But for the most part, people
want opportunities to grow and learn, to advance in their careers and to work on
challenging and interesting projects. They want to be recognized and appreciated
for their efforts. They want to feel a part of something that adds value to their
community.
1. Working environment
• Promote integrity.
These employee retention strategies all relate in one way or another to corporate
culture. However, one environmental issue tends to stand out above the rest.
More than ever, employees want a culture of openness and shared information.
They want to know where the company is going and what it will look like in the
future. How is the company doing financially? Where does it stand in the
marketplace?
Above all, employees insist on knowing how their specific jobs fit into the grand
scheme of things and what they can do to help the organization get to where it
wants to go. If you operate in an open environment where managers share
information, you can expect reduced turnover rates.
• Do our employees know how the company is doing in key areas such as
sales, financials, strategy and marketing?
Take the pulse of your people on a regular basis. From time to time, bring in an
outside third party to get a more objective view of how your people really feel.
Find out if they really know the vision, mission and values. At the same time, give
employees plenty of information about how the company is performing and where
it is going. When people buy into your clearly stated corporate values and have
the information they need to get the job done, they tend to stick around.
Employee relationship strategies have to do with how you treat your people and
how they treat each other. Developing effective employee relationship strategies
begins with three basic steps:
• Give your managers and supervisors plenty of relationship training. Recognize
that (in all but the smallest companies) people work for their supervisor, not you.
Their pay cheque may say "XYZ Company", but their primary work relationship
is with their supervisor. If your supervisors have the knowledge, training and
sensitivity to work effectively with people on an individual level, you'll probably
get the bonding you need to retain employees.
• Ask employees why they work for you. When you do, two things happen. One,
employees reinforce to themselves why they work for you. Two, you gain a better
understanding of what attracts people to your company. You can then use that
information to recruit new employees, saying: "Here's why people work for us. If
you value these things, perhaps you ought to work for us, too."
• Once you have the information about why people work for you, ask: "What can
we do to make things even better around here?" Do it in a positive way so that it
doesn't become a gripe session, then listen closely to what your employees say.
Out of these conversations will come many good ideas, not only for improving
conditions for your employees but for all facets of your business.
• Help employees to set life goals and get focused on where they want to go. Then
help them to see how their goals match up with company goals and that they can
achieve their goals by staying with the company. If people believe they can
achieve their goals and objectives by working in your organization, they will think
twice before going somewhere else to work.
• Celebrate longevity.
Employee support strategies involve giving people the tools and equipment to get
the job done. When people feel they have what they need to perform, job
satisfaction increases dramatically. All employee support strategies stem from
three basic principles:
• People need moral and mental support from you and your managers.
Employee support strategies start with you and your managers' attitudes. Do you
see employees merely as cogs in a wheel, or as valuable resources that make the
company go? Do you expect high performance or mediocrity from them?
Believing that people want to excel (they do!) rather than perform at minimum
levels will lead you to treat them in a much more positive manner.
Let people know what is going on. Give those sales figures and some of the
financials. You don't have to disclose salaries and other sensitive information, but
let them see performance measurements, particularly as they affect their jobs.
• Provide challenges.
• Avoid micro-management.
Employee growth strategies deal with personal and professional growth. Good
employees want to develop new knowledge and skills in order to improve their
value in the marketplace and enhance their own self-esteem.
However, don't just "throw" education and training at your people in a random
fashion. Instead, organize and structure your training so that it makes sense for the
company and the individuals who work for you.
Take time to explore your employees' different needs and the best way to meet
those needs. There are many ways to help your people with personal growth that
not only make a difference in their lives, but bond them more closely to the
organization.
• Cross-training
The last bullet point above offers a real opportunity for employers to differentiate
themselves and have a big impact on employee retention. For example, most
people own a car. Yet, how many really know how to buy car insurance? Set up a
brown-bag lunch that teaches people the ins and outs of car insurance and how to
get the best buy.
When you offer these kinds of learning opportunities, it sets you apart from other
employers and shows that you truly care about your employees. Its one thing to
provide training that helps them to do a better job because your company benefits
from it. It's another thing altogether to offer education on how employees can
improve their lives. They don't expect that. It shows that you care about them as
people, not just as workers who can make money for you.
When people exceed expectations, give them a bonus. It helps to lay the plan out
ahead of time so that employees understand your expectations and know what
they have to do to get the bonus. But make sure you base it on predefined profit
goals, so that you don't pay out if the company doesn't make money.
In today's market, employees have control. They say: "You're lucky to have me
working for you." If you don't believe that and treat them accordingly, they will
quickly find another employer who will. That's why you need to have all five of
these employee retention strategies in place.
CHAPTER V
Table No 5.1
18-25 16 32
26-35 18 36
36-45 5 10
46-55 7 14
Over55 4 8
Total 50 100
The study reveals that majority of employees in Popular ltd are males who
constitute 86 percent of the total work force. The remaining 14 percent are
females.The survey results are shown in table no. 5.2.
Table No 5.2
Male 43 86
Female 7 14
Total 50 100
The study reveals that 28 percent of the employees are married and rest 72 per
cent is unmarried.The survey results are shown in table no. 5.3.
Table No 5.3
Married 14 28
Single 36 72
Total 50 100
The study shows that 44 percent respondents have 2-5 year experience and 6 per
cent have come above 5 years of experience, 28 per cent have 1-2 year experience
and the remaining 22 per cent have below one year experience.The survey results
are shown in table no. 5.4.
Table No 5.4
`1-2 year 14 28
2-5 year 22 44
Total 50 100
50
40
30
20
10
0
Less than 1-2 year 2-5 year More than 5
1year year
Figure 5.1
5.5 OPINION REGARDING EMPLOYEES POSITION IN
RELATION TO THEIR QUALIFICATION AND EXPERIENCE
In this study 84 per cent of respondent says that the position given to they are in
accordance of their experience and qualification and 16 per cent says that the
position given to they are not in respect with their experience and qualification.
The survey results are shown in table.The survey results are shown in table no.
5.5.
Table No 5.5
Yes 42 84
No 8 16
Total 50 100
Yes
No
Figure 5.2
5.6 OPINION ABOUT EMPLOYEES RELATION WITH
SUPERIOR
The study reveals that 42 per cent respondents are in good relation with their
superior while 32 per cent are in very good relation with superior. 14 per cent are
in excellent, 8 per cent are in poor and rest 4 per cent are in worst relation with
their superior.The survey results are shown in table no. 5.6
Table No 5.6
Excellent 7 14
Very good 16 32
Good 21 42
Poor 4 8
Worst 2 4
Total 50 100
50
40
30
20
10
0
Excellent Very good Good Poor Worst
Figure 5.3
5.7 OPINION REGARDING WHETHER THE APPRICIATION
FROM CO WORKERS IS NESSARY FOR GOOD WORKING
CONDITION
The study reveals that 56 per cent agrees that they need appreciation from co-
workers for good working condition, 28 per cent sometimes need appreciation
from co-workers and remaining 16 per cent does not need any appreciation form
co-workers. The survey results are shown in table no. 5.7.
Table No 5.7
Yes 28 56
No 8 16
Sometimes 14 28
total 50 100
Yes
No
Sometimes
Figure 5.4
5.8 OPINION REGARDING GETTING SUPPORT FROM CO
WORKERS WHEN NEEDED
The study reveals that 68 per cent respondents are getting support from co-
workers when needed and the rest are not getting support from co-workers (32 per
cent). The study shows that the majority of the respondents get support from co-
workers when needed.The survey results are shown in table no. 5.8.
Table no 5.8
Yes 34 68
No 16 32
total 50 100
70
60
50
40
30
20
10
0
Yes No
Figure 5.5
5.9 OPINION REGARDING REWARD FOR RECOGNTION
FOR ACHIEVEMENTS
The study reveals that 66 per cent respondent are getting reward for recognition
for their achievements from management and remaining 34 per cent does not get
any rewards for recognition for their achievements.The survey results are shown
in table no. 5.9.
Table no 5.9
Yes 17 34
No 33 66
total 50 100
70
60
50
40
30
20
10
0
Yes No
Figure 5.6
5.10 OPINION REGARDING THE IMPLEMENTATION OF 3
R’S (RECOGNITION, REWARD, RESPECT)
The study reveals that 50 per cent respondent says that sometimes there is
implementation of 3R’s while 32 per cent are of the opinion that most of the times
it is implemented and remaining 18 per cent says that it is never implemented. So
survey shows that the majority of the respondents say that the implementation of 3
R’s in company is some times. The survey results are shown in table no. 5.10.
Table no 5.10
Never 9 18
Some times 25 50
Total 50 100
50
40
30
20
10
0
Never Some times Most of the All of the
time above
Figure 5.7
5.11 OPINION REGARDING THE INFRASTRUCTURE AND
EQUIPMENT PROVIDED BY THE COMPANY
The study reveals that 48 per cent respondents are of the opinion that there is very
good infrastructure and equipment provided by the company and 28 per cent says
that it is good. Opinions of 12 per cent are excellent, 8 per cent are poor and the
remaining 4 per cent says that it is worst.The survey results are shown in table no.
5.11.
Table no 5.11
Excellent 6 12
Very good 24 48
Good 14 28
Poor 4 8
Worst 2 4
Total 50 100
60
40
20
0
Excellent Very Good Poor Worst
good
Figure 5.8
5.12 OPINION ABOUT SCALE OF PAY AND ALLOWANCE
FOR EMPOLYEES
The study shows that 48 per cent employees are satisfied with their scale of pay
and allowance, 34 per cent are of neutral in their opinion and the remaining 18 per
cent are highly satisfied with their scale of pay and allowance. The survey results
are shown in table no. 5.12.
Table no 5.12
Highly satisfied 9 18
Satisfied 24 48
Neutral 17 34
Dissatisfied 0 0
Highly dissatisfied 0 0
total 50 100
50
40
30
20
10
0
Highly Satisfied Neutral Dissatisfied Highly
satisfied satisfied
Figure 5.9
5.13 OPINION ABOUT WORKERS PARTICIPATION IN
MANAGEMENT
Table no 5.13
Highly satisfied 11 55
Satisfied 27 108
Neutral 12 36
Dissatisfied 0 0
Highly dissatisfied 0 0
Total 50 199
Mean=3.98
The table represents the opinion regarding the transfer policy. The mean value is
3.6 which lie in between 3-4. Thus it shows that majority of the employees are
satisfied with their transfer policy.The survey results are shown in table no. 5.14.
Table no 5.14
Transfer policy
Highly satisfied 8 40
Satisfied 18 72
Neutral 20 60
Dissatisfied 4 8
Highly dissatisfied 0 0
Total 50 180
Mean =3.6
The table shows the opinion about the grievance redressal procedure in the
company. The mean value is 3.76 which lie in between 3-4. The survey shows that
majority of the respondents are satisfied with their grievance redressal
procedure.The survey results are shown in table no. 5.15.
Table no 5.15
Highly satisfied 11 55
Satisfied 19 76
Neutral 17 51
Dissatisfied 3 6
Highly dissatisfied 0 0
Total 50 188
Mean =3.76
The mean value is 3.42 which lie in between 3-4. The survey shows that majority
of the respondents are satisfied in their opinion regarding their leave rules.The
survey results are shown in table no. 5.16.
Table no 5.16
Leave rules
Highly satisfied 7 35
Satisfied 12 48
Neutral 26 78
Dissatisfied 5 10
Highly dissatisfied 0 0
Total 50 171
Mean=3.42
The mean value is 3.78 which lie in between 3-4. The survey shows that majority
of the respondents are satisfied with their superior guidance.The survey results are
shown in table no. 5.17.
Table no 5.17
Superior guidance
Highly satisfied 12 60
Satisfied 16 64
Neutral 21 63
Dissatisfied 1 2
Highly dissatisfied 0 0
Total 50 189
Mean=3.78
The mean value is 3.84 which lie in between 3-4. The survey shows that majority
of the respondents are satisfied with their housing facilities.The survey results are
shown in table no. 5.18.
Table no 5.18
Housing facilities
Highly satisfied 13 65
Satisfied 20 80
Neutral 13 39
Dissatisfied 4 8
Highly dissatisfied 0 0
Total 50 192
Mean=3.84
The mean value is 3.74 which lie in between 3-4. The survey shows that majority
of the respondents are satisfied with their medical facilities.The survey results are
shown in table no. 5.19.
Table no 5.19
Medical facilities
Highly satisfied 12 60
Satisfied 18 72
Neutral 15 45
Dissatisfied 5 10
Highly dissatisfied 0 0
Total 50 187
Mean=3.74
The mean value is 3.6 which lie in between 3-4. The survey shows that majority
of the respondents are satisfied with their provident fund scheme.The survey
results are shown in table no. 5.20.
Table no 5.20
Highly satisfied 10 50
Satisfied 18 72
Neutral 16 48
Dissatisfied 5 10
Highly dissatisfied 1 2
Total 50 180
Mean=3.6
The mean value is 3.38 which lie in between 3-4. The survey shows that majority
of the respondents are satisfied in their opinion with their gratuity system.The
survey results are shown in table no. 5.21.
Table no 5.21
Highly satisfied 7 35
Satisfied 12 48
Neutral 24 72
Dissatisfied 7 14
Highly dissatisfied 0 0
Total 50 169
Mean=3.38
The mean value is 4.06 which lie in between 4-5. The survey shows that majority
of the respondents are highly satisfied with their maintenance of rest room and
toilet. The survey results are shown in table no. 5.22.
Table no 5.22
Highly satisfied 17 85
Satisfied 21 84
Neutral 10 30
Dissatisfied 2 4
Highly dissatisfied 0 0
Total 50 203
Mean=4.06
The mean value is 3.42. Which lie in between 3-4. The survey shows that majority
of the respondents are satisfied with their working hour time.The survey results
are shown in table no. 5.23.
Table no 5.23
Hours of work
Highly satisfied 8 40
Satisfied 12 48
Neutral 23 69
Dissatisfied 7 14
Highly dissatisfied 0 0
Total 50 171
Mean=3.42
The mean value is 3.42. Which lie in between 3-4. The survey shows that majority
of the respondents are satisfied with their rest interval.The survey results are
shown in table no. 5.24.
Table no 5.24
Highly satisfied 9 45
Satisfied 11 44
Neutral 22 66
Dissatisfied 8 16
Highly dissatisfied 0 0
Total 50 171
Mean=3.42
The mean value is 4.5 which lie in between 4-5. The survey shows that majority
of the respondents are highly satisfied with their light and ventilation facilities.The
survey results are shown in table no. 5.25.
Table no 5.25
Satisfied 17 68
Neutral 4 12
Dissatisfied 0 0
Highly dissatisfied 0 0
Total 50 225
Mean=4.5
The mean value is 4.44 which lie in between 4-5. The survey shows that majority
of the respondents are highly satisfied with their work place and atmosphere.The
survey results are shown in table no. 5.26.
Table no 5.26
Satisfied 22 88
Neutral 3 9
Dissatisfied 0 0
Highly dissatisfied 0 0
Total 50 222
Mean=4.44
The mean value is 4.22. Which lie in between 4-5. The survey shows that majority
of the respondents are highly satisfied with their safety arrangements.The survey
results are shown in table no. 5.27.
Table no 5.27
Satisfied 19 76
Neutral 7 21
Dissatisfied 2 4
Highly dissatisfied 0 0
Total 50 211
Mean=4.22
The study reveals that 48 percent respondents think that alternative work schedule
is important for employee retention. The remaining 34 percent are of neutral
opinion, 14 percent says it is very important and 4 per cent says that it is not all
important for employee retention. The survey results are shown in table no. 5.28.
Table no 5.28
Neutral 17 34
Important 24 48
Very important 7 14
Total 50 100
60
50
40
30
20
10
0
Not at all Not very Neutral Important Very
important important important
Figure 5.10
Neutral 21 42
Important 23 46
Very important 2 4
Total 50 100
50
40
30
20
10
0
Not at all Not very Neutral Important Very
important important important
Figure 5.11
Neutral 17 34
Important 24 48
Very important 7 14
Total 50 100
60
50
40
30
20
10
0
Not at all Not very Neutral Important Very important
important important
Figure 5.12
The analysis of survey results reveals that 64 per cent of respondents are in the
opinion that the company provides opportunity for growth and development. 22
per cent viewed that the company sometimes provides and 14 percent said that the
company do not provide opportunity for growth and development. Study shows
that majority are in the opinion that the company provides opportunity for growth
and development. The survey results are shown in table no. 5.31.
Table no 5.31
Yes 32 64
No 7 14
Some times 11 22
Total 50 100
70
60
50
40
30
20
10
0
Yes No Some times
Figure 5.13
5.32DEPARTURE OF CO- WORKERS
The study reveals that 76 per cent viewed that co workers left the organization and
24 per cent opined that co workers do not left the organization while they are in
the organization. Most of the respondents observed that co workers left the
organization while they are in the organization. The survey results are shown in
table no. 5.32.
Table No 5.32
Yes 38 76
No 12 24
Total 50 100
The analysis shows that major reason for employees leaving the organization is
finding better jobs. Job stress and low job satisfaction are the other reasons
coming next to this. Survey results are shown in table no. 5.33
The reasons for employees leaving the organization
Table no 5.33.1
No of respondent
Finding 12 7 16 13 2
better job
Job stress 5 14 13 4 14
Ruff 5 8 15 14 8
attitude of
superior
Low job 7 8 17 6 12
satisfaction
Any other 10 12 7 9 12
Table no.5.33.2
Finding
60 28 48 26 2
better job
Job stress 25 56 39 8 14
Ruff
attitude of 25 32 45 28 8
superior
Low job
35 32 51 12 12
satisfaction
Any other 50 48 21 18 12
Table no.5.33.3
Average
Ruff attitude of
138 2.76
superiors
The study reveals that 48 percent respondent is satisfied with their current job.
The remaining 26 percent are in highly satisfied, 18 are in neutral and 8 percent
are dissatisfied with their current job. The survey results are shown in table no.
5.34.
Table no 5.34
Highly satisfied 13 26
Satisfied 24 48
Neutral 9 18
Dissatisfied 4 8
Highly dissatisfied 0 0
total 50 100
50
40
30
20
10
0
Highly Satisfied Neutral Dissatisfied Highly
satisfied satisfied
Figure 5.14
CHAPTER VI
6.1 SUMMARY
For conducting this study primary data were collected from 50 employees at
Popular motors limited. Secondary data were collected from books and
journals. Percentages, averages, ranking method, and likert scale were
employed for the analysis of data.
6.2 FINDINGS OF THE STUDY
Majority of the employees are coming under the age group of 26 – 35.
The majority of employees are male.
Most of the employees have 2 – 5 years experience.
The majority of employees are satisfied with the welfare measures
provided by company.
The opinions about infrastructure facilities by employees are very good.
Most of the employees satisfied with their physical environment, scale of
pay and allowance, work participation in management, transfer policy,
grievances redressal procedure, superior guidance, housing and medical
facilities and the provident fund scheme.
The majority of the employees are highly satisfied with their rest room
and toilet, ventilation, work atmosphere and safety arguments.
Most of the employees are neutral in their opinion with their leave rules,
gratuity system, working hours and rest intervals.
Alternative work schedule, voluntary reduction in work schedule,
telecommunication work at home and wellness programs are important for
majority of employees for employee retention.
It is found that employees are satisfied with the work environment.
The retention strategy followed by management is helping the employees
for their growth and development.
76 per cent employees says that there is departure of co- workers while
they are on work.
The main reason that employees going out from the organization is
searching or finding a better job.
66 per cent employees like to continue the job in the same company
48 per cent employees are satisfied with their current job.
6.3 CONCLUSION
BOOKS
2. Dr. Gupta, c.b., ‘Human Resource Management’, Sulthan Chand and Sons
Educational Publishers, New Delhi, 2005.
WEBSITES
a. www.google.com
b. www.popularmotors.com
c. www.wikipedia.com
APPENDIX
QUESTIONNAIRE
I am BELGY JOHN currently pursuing M.Com from Don Bosco Arts and
ScienceCollege Angadikkadavu, Kannur doing a project on “Effectiveness of
employeeretention strategy in popular motors limited, kanhangad”. You kindly
give necessary information through this questionnaire. I assure you that the
information provided will be kept confidential and will be used for academic
purpose only.
1. Name :
2. Age group :
18-25 26-35 36-45 46-55 over 55
3. Gender :
Male female
4. Marital status:
Married single
5. Work experience in A.M Motors?
Less than 1 year 1-2 2-5 More than 5
6. Whether you are on the right position on the basis of your qualification and
experience?
Yes No
7. What is your opinion about your relation with superior?
Excellent Very good Good Poor Worst
8. Do you think that appreciation from your co-workers is necessary for good
working conditions?
Yes No Sometimes
9. Do you get support from your co-workers when needed?
Yes No
10. Did you have reward recognition for your achievements?
Yes No
11. Do you think that the implantation of 3 R’s(Recognition, Reward, Respect)
Never Sometimes Most of the times All of the above
12. What is your opinion about infrastructure and equipment provide by the
company?
Extent Very good Good Poor Worst
13. Rate the following benefit from your company in order to their excellent?
Highly Highly
Satisfied Neutral Dissatisfied
satisfied dissatisfied
Scale of pay
and
allowances
Workers
participation
in mgt
Transfer
policy
Grievances
redressal
procedure
leave rules
Superior
guidance
14. Rate the following welfare measures of A.M. motors according to your
satisfaction level?
Highly Highly
Satisfied Neutral Dissatisfied
satisfied dissatisfied
Housing
facilities
Medical
facilities
Provident
fund scheme
Gratuity
system in
practice
Maintenance
of rest room
and toilet
15. Rate the following factors of working conditions according to your satisfaction
level?
Highly Highly
Satisfied Neutral Dissatisfied
satisfied dissatisfied
Hours of
work
Rest
interwell
Light and
ventilation
facilities
Work place
atmosphere
Safety
arrangements
16. Rate importance of following strategies provided by A.M. motors for
improving employee retention
Alternative work
schedule(AWS)
Voluntary
reduction in work
schedule
Telecommunicating
work at home
Wellness
programme
17. Do you feel that the company provides opportunity for your growth or
development?
Yes No Sometimes
18. If any of your co workers left the organization while you are here?.
Yes No
19. What are the reasons for employees leaving the organization? (Rank)
Job stress
Any other
20. Would you like to plan your further career in this organization?
Yes No