Professional Documents
Culture Documents
Pj Bengali[1]
Pj Bengali[1]
Report
On
Of
Bachelor of COMMERCE
Jamshedpur (Jharkhand)
Session 2021-24
Submitted By
PRASENJIT NAMATA
Roll No : 2107045
Enrollment No : NSU2107045
B.COM VI SEM
2024
DEPARTMENT OF COMMERCE
POKHARI, JAMSHEDPUR
DECLARATION
I the undersigned solemnly declare that the report of the Summer Training work entitled
“RETENTION OF EMPLOYEES AT RAIL BIKASH MANCH”is based my own work
carried out during the course of my study under the
Supervision of Dr.SHRADHA VERM
I assert that the statements made and conclusions drawn are an outcome of the project work. I
further
Declare that to the best of my knowledge and belief that the project report does not contain
any part of any
Work which has been submitted for the award of any other degree/diploma/certificate in this
University or
Any other University.
This to certify that the report of the project submitted is the outcome of the project work
entitled“RETENTION OF EMPLOYEES AT RAIL BIKASH MANCH”
Submitted by
Prasenjit Namata Roll No.2107045 Enrollment No.NSU2107045 has been examined by the
undersigned as a part of the examination for the award of Bachelor of Business
Administration degree of Netaji
Date: Date:
Forwarded by
Academic Head
Department of COMMERCE
ACKNOWLEDGEMENT
I take this opportunity to express my gratitude to everyone who
supported me throughout the course of the Internship at RAIL BIKASH
MANCH.I am thankful for their valuable guidance, constructive criticism and
friendly advice during the project work. I am sincerely grateful to them for
sharing their truthful and illuminating views on a number of issues related to
the study.
I gratefully acknowledge my indebtedness to my mentor Miss Sukanya
kashyap, Assistant Professor of, NETAJI SUBHAS UNIVERSITY for his
meticulous guidance and support throughout the study. I express my sincere
thanks to Mr Aryaman kakati ,executive director of RBM.Miss Shradha maam
Project guider of Netaji Subhas University during the internship for
providing me with valuable insights and required facilities for the
successful completion of my study. Their support and guidance at My
Project helped me understand and learn how the digital platform has a
long way in the coming years. I express my deep gratitude to my family and
dear friends for their co-operation and support.
PREFACE
For the past one month, Wishes and Blessings have been an integral part of my
journey. I have not only completed an ngo internship but much more than that. I
got the exposure and learning that I will carry forward for a very long time. It
will always be something that I will look back to and be grateful for because of
all that I could experience and see.
Introduction :
Theoretical Background:
The process of employee retention will benefit an organization in the following ways:
1. The Cost of Turnover: The cost of employee turnover adds hundreds of thousands of
money to a company’s expenses. While it is difficult to fully calculate the cost of turnover
(including hiring costs, training costs and productivity loss), industry experts often quote 25%
of the average employee salary as a conservative estimate.
2. Loss of Company Knowledge: When an employee leaves, he takes with him valuable
knowledge about the company, customers, current projects and past history (sometimes to
competitors). Often much time and money has been spent on the employee in expectation of a
future return. When the employee leaves, the investment is not realized.
4. Turnover leads to more turnovers: When an employee terminates, the effect is felt
throughout the organization. Co-workers are often required to pick up the slack. The
unspoken negativity often intensifies for the remaining staff. Goodwill of the company: The
goodwill of a company is maintained when the attrition rates are low. Higher retention rates
motivate potential employees to join the organization.
5. Regaining efficiency: If an employee resigns, then good amount of time is lost in hiring a
new employee and then training him/her and this goes to the loss of the company directly
which many a times goes unnoticed. And even after this you cannot assure us of the same
efficiency from the new employee. What Makes Employee Leave? Employees do not leave
an organization without any significant reason.
There are certain circumstances that lead to their leaving the organization. The most common
reasons can be:
a) Job is not what the employee expected to be: Sometimes the job responsibilities don’t
come out to be same as expected by the candidates. Unexpected job responsibilities lead to
job dissatisfaction.
b) Job and person mismatch: A candidate may be fit to do a certain type of job which matches
his personality. If he is given a job which mismatches his personality, then he won’t be able
to perform it well and will try to find out reasons to leave the job.
d) Lack of appreciation: If the work is not appreciated by the supervisor, the employee feels
demotivated and loses interest in job.
e) Lack of trust and support in co workers, seniors and management: Trust is the most
important factor that is required for an individual to stay in the job. Non-supportive
coworkers, seniors and management can make office environment unfriendly and difficult to
work in.
f) Stress from overwork and work life imbalance: Job stress can lead to work life imbalance
which ultimately many times lead to employee leaving the organization.
The organizations should start with identifying the employee turnover rates within a
particular time period and benchmark it with the competitor organizations. This will help in
assessing the whether the employee retention rates are healthy in the company. Secondly, the
cost of employee turnover can be calculated. According to a survey, on an average, attrition
costs companies 18 month salary for each manager or professional who leaves, and 6months’
pay for each hourly employee who leaves. This amounts to major organizational and
financial stress, considering that one out of every three employees plans to leave his or her
job in the next two years. Hytter (2007) explained that there are some factors such as
personal premises of loyalty, trust, commitment, and identification and attachment with the
organization have a direct influence on employee retention and workplace factors such
as rewards, leadership style, career opportunities, the training and development of skills,
physical working conditions, and the balance between professional and personal life have an
indirect influence. Garg & Rastogi (2006) explained that in today’s competitive
environment feedback is very essential for organization.
Compensation: Compensation constitutes the largest part of the retention process. The
employees always have high expectations regarding their compensation packages.
Compensation includes: Salary and Wages, Bonus, Health Insurance, after retirement
benefits. Davies, Taylor, & Savery (2001) Compensation to top workers is given by every
organization but very few organizations uses it strategically. They said that “Salary and
benefits policies are not being used strategically, within the organization to improve morale,
reduce turnover, and achieve targets within an establishment”. In a research it was
concluded that although compensation was not one of the top factors influencing non-
management turnover but compensation can act as a critical factor in reducing
managerial turnover and increasing commitment.
Relationship: Sometimes the relationship with the management and the peers become
the reason for an employee to leave the organization. The management is often not able
to provide an employee a supportive work culture and environment in terms of personnel
and professional relationships. A supportive work culture helps grow employees
professionally and boosts employee’s satisfaction. There are times when an employee starts
feeling bitterness towards the management or peers, which leads to less satisfaction
and eventually attrition.
Armstrong (2003) Employee relations consist of all those areas of human resource
management that deals with employees directly and through collective agreements where
trade unions are recognised. The union practices for the welfare and good working condition
of the employees. Employee relations are concerned with generally managing the relationship
between employer and employees at the workplace that can be formal e.g. contract of
employment or procedural agreement.
Support: Employees today are asking for a work place that helps them balance the demands
of their work and family lives, rather than forcing them to one over the other. Schemes like:
Special schemes for their children, Scholarship, Medical benefits, Training etc William
Kahn(1993) "The harnessing of organisation members' selves to their work roles; in
engagement, people employ and express themselves physically, cognitively, and
emotionally during role performances.” Employee engagement with the definition: "an
employee's involvement with, commitment to, and satisfaction with work. Employee
engagement is a part of employee retention."
Recognition and rewards will have little effect if you don’t respect employees. Recognition
is defined as “special notice or attention” and “the act of perceiving clearly.” Many problems
with retention and morale occur because management is not paying attention to people’s
needs and reactions.
Rewards are the extra perks you offer beyond the basics of respect and recognition that make
it worth people’s while to work hard, to care, to go beyond the call of duty. While rewards
represent the smallest portion of the retention equation, they are still an important one.
Agarwal (1998) gave an explanation to the term reward as something that the
organization offers to the employees in response of the work as well as performance and
something which is desired by the employees.
The basic practices which should be kept in mind in the employee retention strategies are:
2. Empower the employees. Give the employees the authority to get things done.
3. Make employees realize that they are the most valuable asset of the organization.
Vision - The ambitious vision of social services of Rail Bikash Manch hasunlimited
boundaries in order to make more sucessfull and effective action for ensuring equal
dignity to each and every individual who is in their most poorest and excluded form. Rail
Bikash Manch believes in the fact that dignity of a person is a cornerstone of a democratic
nation. Our organization stands with each and every citizen of this nation who are deprived of
their
SOCIAL SERVICES
5. Selling household products for providing monetary help to ngo workers especially women
in their daily lives.
6. Serving roadside beggars with basic amenities : footwears , food, water , clothes ,
blankets , etc .
7. Providing essential items at wedding of young poor women from poor families.
BOARD MEMBERS
HUMAN RESOURCES HEADS - Aryan Pandey, Sanjana Puri, Niharika Sharma & Mansi
The first step in any research endeavour is pinpointing a compelling question. This question,
the lighthouse that steers our investigation, should be:
3. Choosing the Right Path: Selecting a Research Approach Just as travellers have different
paths to reach their destinations, researchers have diverse approaches to answering their
questions. Two primary approaches illuminate the landscape of research: quantitative and
qualitative.
Quantitative Research: Focus Employs numerical data and statistical analysis to measure and
test hypotheses, seeking objective and generalizable findings. Methods Surveys,
questionnaires, experiments, observations, allowing for large- scale data collection and
statistical rigor.
Qualitative Research: Focus Delves into the subjective experiences, perspectives, and
meanings people attach to a phenomenon, prioritizing rich understanding over numerical
data. Methods Interviews focus groups, document analysis, ethnography, facilitating in- depth
exploration and nuanced understanding.
4. Building the Framework: Crafting Our Research Design 29 Our research design serves as
the blueprint for our investigation, outlining the specific steps we will take to answer our
research question. It's the bridge between our question and our data, ensuring a logical and
efficient flow of inquiry. Some common research designs include: Experimental Design Tests
a cause-and-effect relationship between variables, allowing for robust causal inferences.
Quasi-Experimental Design-Similar to an experiment but lacks random assignment of
participants, offering valuable insights with less stringent control. Survey Design Collects
data from a large sample of individuals through standardized questionnaires, enabling
quantitative data analysis and generalizable findings. Case Study Design-In-depth
investigation of a single case or small group, providing rich and detailed understanding of
specific phenomena. Choosing the right design requires careful consideration of our research
question, data collection methods, and resources. A well-designed research plan lays the
foundation for a successful and insightful investigation.
Data, the raw material of research, is the fuel that propels our investigation forward.
Choosing appropriate data collection methods is crucial to ensure the reliability and validity
of our findings. Some key considerations include: Validity-Are we measuring what we intend
to measure? Reliability Would repeat measurements yield consistent results? Ethics Are we
respecting participants and their data?
Surveys and questionnaires data from large samples. Standardized instruments for collecting
quantitative Interviews In-depth conversations to gather qualitative data and understand
individual experiences and perspectives. Observations watching and recording participants'
behaviour in their natural environment, providing insights into real-world interactions. It will
also be collected from the investor Customers by canvassing pre-designed questionnaire.
Secondary Data the secondary data is already published data available through books
periodicals, annual reports, diaries, magazines and newspapers, journal and websites, The
chosen method should align with our research question, design, and desired level of analysis.
Effective data collection requires careful planning, pilot testing, and ethical considerations to
ensure the integrity of our research.
6. Deciphering the Code: Data Analysis Once we have collected our data, it's time to analyse
it to find patterns, answer our research question, and draw conclusions. Quantitative data
analysis often involves statistical software and tests, while qualitative data analysis involves
thematic analysis and coding.
7. Deciphering the Code: Interpretation and Reporting The final step is to interpret our
findings and communicate them clearly and concisely. This involves: Drawing conclusions
Explain what our data means in relation to our research question. 31 Discussing limitations
acknowledge any limitations in our methodology or data. Providing recommendations
implications of our findings. Suggest future research directions or practical
Ethical Considerations.
The research adheres to ethical guidelines, ensuring the protection of the rights and privacy of
study participants. Informed consent is obtained from all participants, and they are informed
of their right to withdraw from the study at any time. Pseudonyms are used to protect the
identities of individuals in qualitative data. The research also maintains strict confidentiality
in handling all collected data. Additionally, the study undergoes ethical review and approval
by the Institutional Review Board (IRB) of the [Your Institution's Name). All data collection
and analysis procedures are carried out with full compliance with ethical standards and
guidelines.
1. Healthcare Accessibility:
Roughly 10% of respondents find healthcare "Not very accessible," representing those who
face significant barriers to healthcare access.
2. Barriers to Education:
4. Socioeconomic Factors:
Respondents differ in their perception of the influence of family income. Approximately 20%
believe that "Higher family income leads to better outcomes," while a similar percentage
think that "Lower family income hinders outcomes."
A smaller segment offers the perspective that "Family income has no significant impact."
5. Location Disparities:
Respondents are divided on the question of whether rural and urban underprivileged
populations face different challenges. About 40% believe that "Yes, rural and urban
populations have distinct challenges, while 10% feel that "No, the challenges are similar."
6. Community Involvement:
National Rural Health Mission (NRHM): Now part of the National Health Mission (NHM),
NRHM was initiated to enhance healthcare infrastructure in rural areas. It has led to
improvements in healthcare delivery, especially in underserved regions.
Sarva Shiksha Abhiyan (SSA): Launched in 2000, SSA is a flagship program that aims to
provide universal access to quality elementary education. It focuses on enrollment, retention,
and improving the quality of education.
Mid-Day Meal Scheme: This initiative, implemented in 1995, provides free meals to school
children to enhance enrollment and retention rates. It addresses both educational and
While these healthcare initiatives have made notable strides in improving healthcare access,
their effectiveness varies. Ayushman Bharat, for instance, has expanded health insurance
coverage for millions, yet challenges remain in ensuring equitable access and quality
healthcare services. The infrastructure upgrades under NHM have positively impacted rural
healthcare, but gaps persist, especially in remote areas.
Based on the research findings and their implications, the following recommendations are
offered:
Policy Recommendations:
Regularly evaluate and adjust government healthcare and education policies to ensure they
effectively address disparities.
Prioritize the equitable distribution of healthcare resources to reach remote and underserved
areas.
Promote policies that target the root causes of educational disparities, including
socioeconomic factors and gender biases.
Practice Recommendations:
the specific Explore innovative solutions and successful case studies that address disparities
and provide replicable models for other regions.
CHAPTER 4
DATA ANALYSIS
AND
INTERPRETATION
No of respondents 30
males 18
females 12
Analysis:
From the above table we can analysis that male candidate are more than the
female candidate
RESPONTENT
18
16
14
12
10
8
6
4
2
0
males females
males Column1
Interpretation:
In the given graph it clearly indicates that out of 30 respondent 18
are males and 12 are females.
From the above table we can analysis that the no of respondent are more in the age group of
15- 20.
Chart Title
25-30
20-25
15-20
0 2 4 6 8 10 12 14 16
Interpretation:
In this give graph its Cleary state that no of respondent is 30 but age group divides into four
categories.
No of 30
respondents
excellent 8
good 17
average 3
bad 2
Analysis:
From the above question we can analysis that of the effect of the effect of the
education programme of RBM are good
Interpretation:
In this given graph its clearly state that the effect of the education program of
RBM towards society is 56% good ,26% excellent, 10% average and 8% is not
so positive