Deepa Final Final Final4
Deepa Final Final Final4
1.1. Introduction
In this present scenario every company is facing the challenge to retain their employee,
so most of the companies are trying to retain their employees by the best ways. so this
project is to find the factors which may influence the retention of employees in the
organization
Employee retention refers to policies and practices companies use to prevent valuable
employee from leaving their jobs.
During this internship period in Mahendra Associates I have tried hard to contribute to
the organizations resources and broaden my knowledge by working in the area of HRD
i.e employee retention analysis, suggesting effective retaining techniques.
Losing new employees are a threat to the talent strategy. Engaging and motivating
existing employees is critical to retention and overall organization success.
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1.3 Need of the study
The work place for most people in organized sector of human activities is confluence of
the organization’s objectives, values and practices; the individual’s attitudes, potentials
and aspirations; and the larger objectives of the society and the demands system, the
organization, the individual and the society at large. It is linkages to look into the
institution of work and examine the nature of inter linkages between work and some
aspects of socio-cultural and psychological milieu.
Although physical and technical conditions of work and their effects on individuals and
on productivity have been a subject matter of study for the past few decades, it is only
recently that socio-psychological dimensions of work and their relationship with socio-
psychological dimensions of work and their relationship with socio-cultural environment
of people have received systematic attention. A growing body of knowledge has made it
possible to draw certain broad conclusions with regard to the meaning of work to an
individual and the relationship between work life and other aspects of life.
Work plays a central role in the life of most engaged in productive activities. Jerome M
Rosow (1974) with long experience in government and business has summed up the
centrality of work in following statements:“Work is at the core of life, consider the deeper
meaning of work to the individual and the life values; work means a good provider, it
means autonomy, it pays off in success, and it establishes self-respect or self-worth.
With in this framework, the person who openly confesses active job dissatisfaction is
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virtually admitting failure as a man, a failure in fulfilling his moral role in society. Since
work resides at the very core of life values, self-esteem colors the response to job
satisfaction attitude surveys. A negative answer may negate the lifestyle and the very ego
of the individual. It may well involve a painful, if not impossible, denial of basic goods in
life. It is tantamount to am admission of an inability to achieve and perform an economic,
useful, and productive role in society, in the family, in the church, and in the community.”
“Challenge less bureaucratic jobs inhabits the normal development of human personality,
thus leading to poor mental health, apathy, and even the delusion that one prefers highly
structured work. Workers suffering from such conditions attempt to; redirect their limited
energies to activities off the job, to social life on the job, or to sheer fantasy-but never
with great success and always with considerable emotional cost.”
Employees at the gross-root level experience a sense of frustration because of low level
of wage, poor working conditions, unfavorable terms of employment, in human treatment
by their superiors and the like where as managerial personnel feel frustrated because of
alienation over their conditions of employment, inter-personal conflicts, job pressures,
lack of freedom in work, absence of challenging work etc.
Quality of work life denotes all the organizational inputs, which aim at the
employee’s satisfaction and enhancing organization effectiveness.
What People Want From Work?
Every person has different reasons for working. The reasons for working are as individual
as the person. But, we all work because we obtain something that we need from work.
The something we obtain from work impacts our morale and motivation and the quality
of our lives. Here is the most recent thinking about what people want from work.
Some people work for love; others work for personal fulfillment. Others like to
accomplish goals and feel as if they are contributing to something larger than themselves,
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something important. Some people have personal missions they accomplish through
meaningful work. Others truly love what they do or the clients they serve. Some like the
camaraderie and interaction with customers and coworkers. Other people like to fill their
time with activity. Some workers like change, challenge, and diverse problems to solve.
Whatever personal reasons for working, the bottom line, however, is that almost everyone
works for money. Whatever it is called: compensation, salary, bonuses, benefits or
remuneration, money pays the bills. Money provides housing, gives children clothing and
food, sends teens to college, and allows leisure activities, and eventually, retirement to
underplay the importance of money and benefits to people who work is a mistake.
Fair benefits and pay is the cornerstone of a successful company that recruits and retains
committed workers. If you provide a living wage for your employees, you can then work
on motivational issues. Without the fair, living wage, however, you risk losing your best
people to a better-paying employer.
Employee Recognition
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people who feel recognized and cared about produce more and better work. Employees
say praise and attention from their supervisor would make them feel as if the company
cared about them and their well being.
Expectation
A satisfied employee knows clearly what is expected from him every day at work.
Changing expectations keep people on edge and create unhealthy stress. They rob the
employee of internal security and make the employee feel unsuccessful. I'm not
advocating unchanging jobs just the needs for a specific framework within which people
clearly know what is expected from them.
Environment
The ability of the employee to speak his or her mind freely within the organization. Does
the organization solicit ideas and provide an environment in which people are
comfortable to provide feedback? If so, employees offer ideas, feel free to criticize and
commit to continuous improvement. If not, they bite their tongues or find themselves
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constantly "in trouble" - until they leave.
A motivated employee wants to contribute to work areas outside of his specific job
description. How many people could contribute far more than they currently do? Need to
know their skills, talent and experience, and take the time to tap into it. As an example, in
a small company, a manager pursued a new marketing plan and logo with the help of
external consultants.
An internal sales rep, with seven years of ad agency and logo development experience,
repeatedly offered to help. His offer was ignored and he cited this as one reason why he
quit his job. In fact, the recognition that the company didn't want to take advantage of his
knowledge and capabilities helped precipitate his job search.
In one company, a new sales rep was given the most potentially successful, commission-
producing accounts. Current staff viewed these decisions as taking food off their tables.
You can bet a number of them are looking for their next opportunity.
Those employees wanted to retain seek frequent opportunities to learn and grow in their
careers, knowledge and skill. Without the opportunity to try new opportunities, sit on
challenging committees, attend seminars and read and discuss books, they feel they will
stagnate. A career-oriented, valued employee must experience growth opportunities
within the organization.
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No matter the circumstances, never, ever threaten an employee's job or income. Even if
layoffs loom if they fail to meet production or sales goals, it is a mistake to foreshadow
this information with employees. It makes them nervous; no matter how information is
phrased; no matter how it is, even if absolutely correct, the best staff members will update
their resumes. Not advocating keeping solid information away from people, however,
think before anything is said that makes people feel they need to search for another job.
2. RESEARCH DESIGN
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“A study on employee factors influencing on employee retention”.
As an employee turnover is increasing and retaining the skilled and trained employees
has posed a grate challenge.
2.4. Hypothesis:
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2.6. Sample size: -
20-50 respondents who will constitute
Top management-10%
Middle management-50%
Others-40%
Sampling technique:-
The non-probability sampling method was used which convenience sampling technique
was used in the study.
A Century of innovation:
Creating innovative products and services that respond to customer needs has always
been a way of life at 3M. So far there have been more than 500000 innovative products
that help make our world better. With operations in the more than 60 countries, 3M is a
major player in the global economy. International operations account for more players in
global economy.
International operations account for more than half of 3M’s first 100 years a century of
success. For years, people around the world have looked to 3M for products and ideas
that solve problems and make lives easier and better. Our achievements are the
foundation of a prude past and the bright future of many innovations to come.
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in population prevention.
Much of 3M’s rich culture comes from the principles that William L. McKnight believed
“management that is destructively critical when mistakes are made kills initiative. It’s
essential that we have many people with initiative if we are to continue to grow”. It is this
growth that continues to make 3M a leader in the 21 st century. The innovation center
provides a glimpse of the company’s development, its products, technologies, and the
people who makes up our world of innovation.
3M is a $18 billon diversified technology company with leading positions in health care;
industrial; display and graphics; consumer and office; safety, security and protection
services; electro and communications; and transportation. Head quartered in St. Paul,
customers in nearly 200 countries. The innovative new products they produced held
automotive parts in place; fastened diapers; provided backup security for computers; gave
dentists new filling materials; helped keep buildings clean; helped prevent theft of library
books; and made insulated clothing less bulky and more comfortable.
3M at a Glance:
1902- Founded in the town of two harbors, Minnesota as Minnesota, mining and
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manufacturing company.
1910- Company moves to St. Paul 3M invested $500 in a tiny laboratory. It has a lot of
money for the young company, but a wise step towards ensuring quality control and an
1917- 3M sales reached $1 million. The company was poised for real growth.
1925’s- 3M diversify with the invention of masking tape and the first of scotch adhesive
tapes.
1929- 3M formed a holding company in Europe with eight other manufacturers. The
durex corporation, an American holdings company, was 3M’s first international business
purpose research in technicians with long term potentional.this led to3M breakthroughs
such as reflective materials used to improve highway signs and makings. As the decade
ended, 3M had five diverse and flourishing business abrasives, masking tape, cellophane
1940’s
Introduction to thermo fax copying process, scotch grad fabric protection, video
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1960’s
carbonless paper.
1962- the first office building was completed at 3M center in St. Paul, Minnesota, the
1963- Opened company’s first research laboratory outside the United States opened in
Harlow, England.
1979- Sales topped $5 billion; 3M built its first U.S. research/administrative complex
outside Minnesota. 3M Austin center, in Texas, was established to position the company
1995- Announced it would launch its printing and publishing, data storage and imaging
providing superior quality, value and service. 3M inaugurated pollution prevention pays
(3P), a program that encourages employees throughout the company to prevent pollution
at the source. It led to large reductions in pollution and waste in 3M’s products, processes
Our values:
Organization:
Sales:
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World wide $18.23 billion
International $10.651 billion
50% of overall company’s total
3M Technology Platforms:
Adhesives
Non-woven fibers
Films
Ceramics
Flour chemicals
Optics
Microstructure surfaces
Coated abrasives
Magnetic &optical recording
Imaging
Copper interconnects
Pharmaceuticals
Fluoropolymers
Drug delivery
Electromechanical systems
Specialty chemicals & polymers
Dental materials
Wound management
Porous materials/membranes
Optical fibers & connectors
Infection control
Cardiovascular devices
Precision coating
Melt processing
Surface modification
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Molding
Mechanical fasteners
Filtration
Lithium polymer batteries
Metal matrix composites
Flat panel display components
Vibration damping
Electro luminescence
Diamond-like films
3M Leadership:
Of all the pathways to growth, investing in our people is most important. The premises
are very simple- if your people grow, your company will grow. The key; linking growth
in individuals to those things that unlock energy and activities that our customers value.
Clearly, 3M’s first chairman of the board, William L. McKnight, was a unique leader…
and 3M has been blessed with outstanding leaders at all levels of the company ever since,
leadership development remains at the top of the company’s agenda.
3M INDIA
3M India’s greatest asset has been the corps of highly trained and qualified staff. The
strong commitment to people has enabled 3M India today to attract and retain some of
the best talents in the country. One of the improving and expanding its own technology
base creating products that fulfill specific customer needs. With a promise of delivering
innovative, quality products and services that makes customers life easier and better, 3M
today has an array of useful products targeting each and every segment of the market.
3M’s diverse range of products offering proven customers benefits led to3M India being
born in 1988 as Birla 3M limited. The name of the company was subsequently changed to
3Mindia limited in Dec 2002 in India, 3Mindia has over 2000 diverse products in
industrial, automotive and specialty materials, electronics, construction and consumer and
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office markets, building over the past years an exhaustive list of satisfied customers and a
reputation for un matched quality.
One of the main plans of 3M’s business philosophy has been to grow through improving
and expanding its own technology base creating products that fulfill specific customer
needs. With a promise of delivering innovative, quality products and services that makes
customers life easier and better, 3M today has an array of useful products targeting each
and every segment of the market.
3M entry way system stops all types of dirt, dust and moisture at the entrance door, which
helps to keep other important areas throughout your building clean and dry. The matting
products used in 3M Entry Way System combine attractive styling with exceptional
performance and durability to protect hard floors and carpets and reduce maintenance
costs while helping to increase safety.
There are various types of 3M matting products designed for just about any use - inside
or out. And their attractive appearance will complement virtually any decor.
Based on the dirt trapping efficiencies of various look alike's and traditional matting
products, the best system would be the combination of :
3M Nomad Scrapper Matting
3M Nomad Wiping Matting
3M Nomad Absorption Matting
The complete line of 3M fire protection products helps prevent fire, smoke, toxic fumes
and moisture from passing through penetrations in fire-rated walls and floors. These easy-
to-install products are suitable for a wide variety of fire stop applications, including
plastic pipes, metal pipes, HVAC ductwork, cables, construction gaps, grease ducts, wall
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tops and control joints.
All 3M Fire Barrier Caulks have either in tumescent and/or endothermic technologies that
provide tight and dependable steel against fire, smoke toxic fumes and moisture. 3M in
tumescent caulks expand up to three times their original size when exposed to
temperatures over 300 F. This in tumescent action forms a strong, insulating char which
seals the opening for up to four hours when exposed to extra
No one has more experience in window films than 3M. In fact 3M was issued the first-
ever patent on sun control window film in 1966. Since then, 3M has invested millions of
dollars in film research and development. Today millions of square feet of 3M window
films are installed all around the world.
There is a complete selection of films that vary in color, density and heat rejection
qualities to ensure there's one to accurately match your needs.
Only Scotch tint window film has an adhesive developed by 3M especially for window
film. This exclusive acrylic adhesive system combines the advantages of many
commonly used systems. The result is clean, easy installation, excellent impact and glass
holding resistance. There will be no bubbling, blistering, puckering or wrinkling. Scotch
tint window film has stood the test of time over 30 years. The pressure-sensitive adhesive
used with Scotch tint window film keeps its uniformity integrity from year to year. It
maintains clarity, resists distortion due to changing temperatures, and withstands
weathering, sunlight, UV and heat for many years.
To introduce PET base Interior Decorative Glass film which will also provide heat gain
reduction, UV blockage and shatter resistance. Current glass decorative films are PVC
based. These films don't have shatter resistance property and durability.
To avoid strain on your wrists, arms and hands, your keyboard and other input devices,
such as a mouse or trackball, should be positioned within a comfortable distance of each
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other.
A dusty, dirty monitor can make it difficult to read your screen and contribute to
computer-related eyestrain. Clean your monitor regularly to reduce the risk.Our
Ergonomic Optical Mouse is clinically proven to reduce muscle strain and discomfort
associated with carpal tunnel syndrome and repetitive stress injury. Its unique design
places your mousing hand, wrist and arm in a more ergonomic position compared to a
standard mouse. Comes in two sizes for more comfortable mousing.
Core strengths:
With the vision of being the most innovation enterprise and the preferred supplier 3M
India uses its core strengths of technology, products, people and value to solve customer
problem. 3M’s immense strength lies in its 30 technology platforms some of which are
adhesives, specialty chemicals, micro replication and optics. These platforms have
launched several of 3M’s product lines. The resulting products are often so unique, that
they redefine the very parameters of competition
Since its inception in 1988, the company has listened to customer needs in India and has
customized and modified products to meet special local needs.
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telecommunication cables, automotive graphics, range of pressure sensitive adhesives
(PSA) tapes and some consumer products.
At 3M India, the philosophy believes that everything begins and ends with the
customer. This has been one of the key drives in providing the best products and
services in a timely and efficient manner.
3M in India:
Industrial markets:
Scotch packaging tapes
Scotch masking tapes
Specialty tapes and films
Labeling systems
Specialty adhesives
3M wet or dry sheets
3M imperial hand glaze
3M “4 Way” spray
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3M scotch cal automotive graphics
Double- sided foam tape for automotive trim attachment
Fluorites HFE specialty chemicals
Glass Bubbles &Ceramic Micro spheres
As part of the group’s specialty materials division, the fluorochemical products marketed
are used as liquid heat transfer media and dielectric electronic testing fluids. In addition
the group also locally manufacturers and markets automotive graphics & decorative
cadging for two and four wheelers. Other products of the group are protective films,
attachment tapes for automotive application and 3M filtrate filtration products for particle
and gas filtration in air-conditioners, room air-cleaners and vacuum cleaners.
This specific group has been creating products that meet the specialized needs of the
power and telecom industry in the country. Connectors for joining of both copper and
optical fiber telecom cables, jointing and termination kits for power cables and
interconnect products for the electrical industry are some of the specialized products in
this group.
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3M Micro pore surgical tape
3M Transpore surgical tape
3M Tegaderm Transparent dressing
3M Littman Stethoscopes
3M Steri Drape incise drape
3M loban2 antimicrobial film
Autoclaves stem indicator tape
3M attest biological indicators
Refasten able tapes for disposable diapers
5XL & 8XL ETO Gas sterilizers
3M Single Bond Dental Adhesive
3M Express Impressing systems.
3M Filter Restorative System
The health care group is one of the key focus area of 3M India’s plans. This group has
products ranging from medical surgical supplies, medical equipment, dental care products
and devices and film for the food and pharmaceutical industry. Some of the well
recognized products are 3M Tegaderm Transparent dressing, 3M loban antimicrobial
film, 3M specialty drapes, 3M Sterivac gas sterilizer and 3M refasten able tapes for
manufacturers of diapers. The 3M microspore surgical tape, which is the market leader
worldwide for general dressing is part of this group’s product portfolio.
The dental division offers restoratives, finishing and polishing products, adhesives,
crowns, impression materials, and infections control products, and preventive sealants.
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Personal environment systems
3M Powersorb Oil Sorbets
Thinsulate Thermal Insulation
3M Filtrate Air Filter Media
3M Ear Plugs
3M Liquid Filter Bags & Cartridges
3M Panaflex Flexible Substrate
3M Scotchcal Translucent/Opaque vinyl’s
This group concentrate on reflective sign materials, graphics, respirators and many other
products that enhance worker, public and product safety around the world. Some of the
products offered under this group are Scotchlite products, 3M reflective sheeting, 3M
Dust/Mist Respirators, chemical sorbets, environmental safety products, 3M Panaflex
Flexible Substrates and 3M Scotchcal Translucent Graphic Making Film.
Electronic markets:
Electronic connectors
Static control products
Corrosion protection products
This group in 3M India provides electronic packaging and inters connection products for
virtually any electronic application. The group also deals with static control and corrosion
protective products for pipeline coatings.
Construction markets:
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3M Scotchtint Sun Control Film
3M Scotchtint safety & security film
3M Passive Fire protection products
3M Clip-on Reflectors
This group deals with window films, passive fire protection products and lighting
products catering to commercial, residential and automobile markets. The windows film
markets being the most prominent with brands like 3M scotching sun control films and
3M Scotch shield safety and security films. These are sold to homes, buildings and
automobile owners. 3M is continuously engineering new developments for films of
tomorrow.
This group deals with 3M power brands. These products are widely recognized and used
by a cross selection of people.
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3.2 COMPANY PROFILE
Mahendra Associates, one of the fortunate and largest distributors of 3M India Ltd adding
value to 3M innovation. Their journey of distribution and customer service has started
1985. They are fondly called as ‘MAST’, because they believe work and josh go hand to
achieve outstanding results. They have maintained a growth rate of 30%p.a they aim at
‘quality’ by providing total customer satisfaction through high quality & innovative
products along with value added services & solutions.
MISSION:
VISION:
Mahendra Associates was founded with one driving vision: a vision in which 3M
innovation works for all.
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Over 65,000 products
3M offer an amazing range of products that cater to diverse customer requirements. Birla
3M has been broadly categorized into eight groups under which there are twenty-five
divisions catering to specific commodity of products and channels.
Quality policy:
On time delivery with defect free services and Mahendra Associates achieved zero
customer complaints. Mahendra Associates aims to provide end-to-end solutions to
customers in a diverse range of products, services & solutions. It always believes in
quality by providing total customer satisfaction through high quality & innovative
products, services & solutions.
Social Responsibilities:
1: Mahendra Associates has funded three houses through Rotary in HD Kote for the tribal
families.
2: Has donated 1.5 lacs to a hospital in Mysore through Asha Kirana, an NGO, and AIDS
awareness program.
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3: Is a regular donor towards ISCKON’s Akshaya Patra program
5: We are a part of Rotary- Tsunami relief fund, through which we were a part of
distribution of 17 fibre boats in Pondicherry for the rehabilitation of the fishermen.
Milestones:
One of the Largest Distributor in India from the past four years.
"Go for It! 99" Award of Excellence for highest sales (AAD)
Certificate of merit (AAD) for achieving 140% of target Bangara Nidhi (AAD)
1999
"Yeh Dil Mange More" for highest sales for the year 1999 (CCD)
"Award of Excellence" for highest sales for the year 1999 (ITSD)
Certificate of Achievement- "Benhur Award" (VSD) 1999
Award of Excellence (ITSD) 2000
"Jung 2000" Award of Excellence for achieving sales target 2002 (CCD)
"SCPD Gold" for highest sales during 2001 in South Region (CCD)
"Mission Possible" for Outstanding sales performance for 2001 (AAD)
"Quality Growth Champion" construction and commercial care division in 2001
Award of Excellence (IMD) 2001
Appreciation certificate from Mr. Lee Kennedy, Managing Director, 3M India
Ltd. (2003)
Our Values:
1.Provide investors an attractive return through sustained, quality growth.
2.Satisfy customers with superior quality, value and service.
3.Respect our social and physical environment.
4.Be a company employees are proud to be part of.
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Distributors:
Being in the forefront of distribution for two decades, we are one of the largest
distributors for 3M India, based in Bangalore having branches in Chennai, Mysore,
Mangalore and Hyderabad.
3M entry way system stops all types of dirt, dust and moisture at the entrance door, which
helps to keep other important areas throughout your building clean and dry. The matting
products used in 3M Entry Way System combine attractive styling with exceptional
performance and durability to protect hard floors and carpets and reduce maintenance
costs while helping to increase safety.
All 3M™ Wrist Rests feature our patented gel formula, which conforms to the natural
contours of your wrist. Designed to be "not too hard" or "not too soft", our wrist rests
provide the ultimate in comfort and support.
The compact design multi-purpose wrist rest can be used for both trackballs and standard
mice. Like our other wrist rests, it has the soothing and cushiony-soft gel construction for
comfort, in a non-irritating and silky smooth fabric. With its leak-free and oil free design,
your skin, clothes and desk surfaces are protected. The non-slip, non-marring base keeps
the mouse in place. Available in several colors.
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4. ANALYSIS AND INTERPRETATION OF DATA
Valid Cumulative
Frequency Percent Percent Percent
20-25 4 10.0 10.0
25-30 20 50.0 60.0
30-35 14 35.0 95.0
35-40 2 5.0 100.0
Total 40 100.0
Inference:
50% of the sample is between the ages of 25-30 years. 35% of the sample is between the
ages of 30- 35 years. 10% of the sample is between the ages of 20- 25 years. 5% of the
sample is between the ages of 35- 40 years.The conclusion that can be derived from this
analysis is that most the employees at the organization are within 40 years of age.
Graph:4.1
age in years
20-25
25-30
30-35
35-40
30
YEARS OF SERVICE AT MAHENDRA ASSOCIATES
Table: 4.2
Valid Cumulative
Frequency Percent Percent Percent
1-2 16 40.0 40.0
2-3 10 25.0 65.0
3-4 8 20.0 85.0
4-5 4 10.0 95.0
5-6 2 5.0 100.0
Total 40 100.0
Inference:
35% of the respondents have less than a year’s experience at mahendra associates.25%
have 1-2 years experience, 30% have 2-3 years experience and the remaining 10% have
4-5 years work experience.
It can be concluded that 45% of the employees in the organization have been associated
with the organization for more than 2 years. In other words 75% of the employees have
been in the organization for more than a year.
Graph: 4.2
years of service
1-2
2-3
3-4
4-5
5.00
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WHAT ATTRACTED EMPLOYEES TOWARD THIS COMPANY?
Table: 4.3
Ranking Summary Analysis
1-Highest, 2-High, 3-Average, 4- Low, 5- Lowest
Ranks
Reasons 5 4 3 2 1
Pay 4 24 8 2 2
personal growth
opportunity 2 4 2 12 20
good employer 0 4 24 4 8
work environment 6 6 6 16 6
Others 26 2 2 2 8
Percentage:
Percentage
Reasons
Pay 5% 5% 20% 60% 10%
personal growth opportunity 50% 30% 5% 10% 5%
good employer 20% 10% 60% 10% 0%
work environment 15% 40% 15% 15% 15%
Others 20% 5% 5% 5% 65%
Interpretation
The above analysis suggests that pay scales is one of the most important factors which
attract the employees to join the particular organization, followed by the reputation of the
employer as well as the working environment.
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EMPLOYEES EXPECTATIONS FROM THE COMPANY
Table: 4.4
Rank
Reasons 1 2 3 4 5 6
Job security 8 4 6 4 6 14
Good pay 12 10 4 4 6 4
Motivation 8 2 10 10 6 4
Career growth 14 6 4 4 2 10
Interpretation:
30 % of the respondents rank career growth has highest, 30 % of the respondents rank
good pay is high, 30 % of the respondents rank encouraging team work is above average
and also the motivation to the employees, 20 % of the respondents rank encouraging team
work is below average and also the motivation o the employees, 20 % of the respondents
rank motivation as low, 30 % of the respondents rank job security is lowest and also the
career growth is also the lowest.
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THE EXISTING PERFORMANCE APPRAISAL SYSTEM AS RATED BY THE
EMPLOYEES
Table: 4.5
Valid Cumulative
Frequency Percent Percent Percent
Fair
12 30.0 30.0
Relevant
12 30.0 60.0
Satisfactory
14 35.0 95.0
Unsatisfactory
2 5.0 100.0
Total
40 100.0
Inference:
30% of the respondents rated the performance appraisal as fair, 30% as relevant, 35% as
satisfactory and 5% as unsatisfactory.
95% of the respondents consider the present system of performance appraisal as
satisfactory.
Graph: 4.5
fair
relevant
satisfactory
unsatisfactory
Inference:
70% of the respondents agree that any performance deficiency can be rectified by
resetting goals and refresher training. 5% opted for the mode of punishment by
withholding increments and the remaining 10% say being warned would suffice.
From the above it can be inferred that the responses does not vary by huge differences.
The management should provide feedback to employees with regard to their performance
so that they can assess their own worth in the organization.
Graph: 4.6
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Table: 4.7
Inference:
From the above table it can be understood that only 20% of the respondents are satisfied
with the compensation package whereas 77.8% of the respondents are not happy or are
with the compensation package provided by the company. This may be dissatisfied
important criteria when evaluating an organization
Graph: 4.7
(i) Recognized/ 0 4 14 20 2
rewarded when you
out perform
(ii) Feel valued at 0 2 14 22 2
mahendra
associates
Interpretation:
50% of the respondents say they feel recognized and valued in the organization. 50% say
they are rewarded when they perform well and 55% of the respondents say they feel
valued and a part of the organization.
EMPLOYEE RECOGNITION
Figure: 4.8
RECOGNISED/REWARDED
Strongly
disagree
Disagree
Neutral
Agree
Strongly Agree
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Table: 4.9
Valid Cumulative
Frequency Percent Percent Percent
Satisfactory 6 15.0 15.0
Good 18 45.0 60.0
Excellent 16 40.0 100.0
Total 40 100.0
Inference:
It can be concluded that all the employees consider their supervisors as able and capable
person to lead and guide them. 100% of the samples agree that their relationship with the
supervisors is good.
Figure: 4.9
satisfactory
good
excellent
Table: 4.10
Likerts Analysis:
Profile test:
3 Encourage Cooperation 0 4 16 20
5 Provide Leadership 0 10 20 10
6 Clear communicated 2 8 20 10
Expectation
7 Is honest 0 4 20 16
Percentage
40
Sl No. Parameters Not at Sometimes Mostly Always
all
1 Resolve complaints and 0 % 5% 85 % 10 %
concerns promptly
2 Listen to Suggestion 0% 10 % 40 % 50 %
3 Encourage Cooperation 0% 10 % 40 % 50 %
5 Provide Leadership 0% 25 % 50 % 25 %
6 Clear communicated 5 % 20 % 50 % 25 %
Expectation
7 Is honest 0% 10 % 50 % 40 %
41
Sl No. Parameters Not at Sometimes Mostly Always
all
1 Resolve complaints and 85 %
concerns promptly
2 Listen to Suggestion 50 %
3 Encourage Cooperation 50 %
5 Provide Leadership 50 %
6 Clear communicated 50 %
Expectation
7 Is honest 50 %
Interpretation:
Above table shows that 85% of the respondents mostly resolve to complaints, 50% of the
respondents always listen to suggestion and encourage cooperation, 65% Mostly treat
fairly, 50% provide leadership, clear expectations, honest and give performance feedback,
50% recognized accomplishment, 55% provided appropriate challenging assignment,
50% in built team work and 35% sometimes engaged in coaching, training and
development.
Summation test:
42
Highest percentage in row wise:
3 Encourage Cooperation 50 %
5 Provide Leadership
6 Clear communicated
Expectation
7 Is honest
Interpretation
The above table shows that 85% of the respondents Mostly resolve complaints,
50% always listen to suggestion and encourage co-operation. Where 15% not at all and
35% sometimes engaged in coaching, training and development.
43
Table: 4. 11
Likerts Analysis:
Profile test:
Parameters Strongly disagree neutral agree Strongly
disagree agree
“politics” at mahendra 0 2 22 16 0
associates are kept to a
minimum
Individual initiative is 0 0 10 30 0
encouraged at
mahendra associates
Percentage
“Politics” at mahendra 0 % 5% 55 % 40 % 0%
associates are kept to a
minimum
Individual initiative is 0 % 0% 25 % 75 % 0%
encouraged at
mahendra associates
44
Parameters Strongly Disagree Neutral Agree Strongly
disagree agree
“Politics” at mahendra 55 %
associates are kept to a
minimum
Individual initiative is 75 %
encouraged at mahendra
associates
Interpretation:
55 % of the respondents are feel part of the tam work towards a shared goal is agree, 60
% of the respondents are there is a mutual respect for one another is agree, 55 % of the
respondents are given that “politics” at the mahendra associates are kept to a minimum is
neutral, 75 % of the respondents are Individual initiative is encouraged at mahendra
associates is agree.
Summation test:
Highest percentage in row wise:
“Politics” at mahendra 5% 55 %
associates are kept to a
minimum
Individual initiative is 75 %
encouraged at mahendra
associates
Interpretation:
45
10 % of the respondents are feel part of the team working towards a shared goal is
strongly agree, 5 % of the respondents are given that “politics” at mahendra associates
are kept to a minimum were disagree, 55 % of the respondents are told “politics” at
mahendra associates are kept to a minimum is neutral, 75 % of the respondents were
agree to the Individual initiative is encouraged at mahendra associates, 20 % of the
respondents are strongly agree with the mutual respect to one another.
ENVIRONMENTAL FACTOR
Table: 4.12
Likerts Analysis:
Profile test:
Unsatisfactory Satisfactory Good excellent
Job 0 12 28 0
Team work 0 10 22 8
Supervisor 0 14 22 4
Management 2 22 16 0
Leadership 2 22 16 0
Motivation 2 20 18 0
Ambience 4 22 14 0
Space management 6 20 14 0
46
Percentage
Job 0% 30 % 70 % 0%
Team work 0% 25 % 55 % 20 %
Supervisor 0% 35 % 55 % 10 %
Management 5% 55 % 40 % 0%
Leadership 5% 55 % 40 % 0%
Motivation 5% 50 % 45 % 0%
Ambience 10 % 55 % 35 % 0%
47
Highest percentage in column wise:
Job 70 %
Team work 55 %
Supervisor 55 %
Management 55 %
Leadership 55 %
Motivation 50 %
Ambience 55 %
Space management 50 %
Interpretation:
The above table shows that70 % of the respondents have replied good for the job as
environmental factor, 55 % of the respondents have replied good for the team work, 55 %
of the respondents has replayed good for the supervisor, 55 % of the respondents are
satisfied with management, 55 % of the respondents has satisfied with leadership, 50 %
of the respondents are satisfied with motivation, 55 % of the respondents are satisfied
with ambience, 50 % of the respondents are satisfied with space management, and finally
60 % of the respondents are satisfied with Comfort level when at your work station.
Summation test:
48
Highest percentage in row wise:
Job 70 %
Team work 20 %
Supervisor
Management
Leadership
Motivation
Ambience
Space management 15 %
Interpretation:
The above table shows that 15% of the respondents are unsatisfactory with space
management, 60 % of the respondents are satisfactory with comfort level when at your
work station, 70 % of the respondents are good at the job in environmental factors, and
20 % of the respondents are excellent at the team work.
CAREER PATH:
49
Table: 4.13
Likerts Analysis:
Profile test:
Parameters Not at all Rarely Some times often always
Percentage:
Interpretation:
50
The above table shows 45 % of the respondents are established career path at mahendra
associates is often, 60 % of the respondents are exciting growth opportunities at
mahendra associates is often, 40 % of the respondents are get a sense of great
professional and personal accomplishment from the work is often.
Summation test:
Highest percentage in row wise:
Interpretation:
The above table shows that 10 % of respondents are not at all established career path at
mahendra associates and 10% rarely established their career path and 30% of the
respondents sometimes established the career path and 30% got a sense of great
professional and personal accomplishment from the work. And 60% of the respondents
often excited growth opportunities at Mahendra and 30% always got a sense of great
professional and personal accomplishment from the work they did.
51
Table: 4.14
Inference:
The above table shows that20% of the respondents has rated the HR at being excellent on
the criteria of their approachability and helpfulness. On the whole the 55%have rated the
HR as good.
Graph: 4.14
52
Table: 4.15
Inference:
65% of the respondents have rated the overall experience with the HR from the time of
recruitment till date as good.
Figure: 4.15
5. SUMMARY OF FINDINGS, SUGGESTIONS AND CONCLUSION
53
5.1 Findings:
The study was conducted at mahendra associates Bangalore, to analyze “the factors
influencing on employee retention”. The questionnaire was administrated to a sample of
40 employees. On evaluation the following findings were recorded.
1 The respondents feel that they have prospective career growth at Mahendra
Associates.
2 The employers are given the freedom to express their views to improve the
existing work culture.
3 The study reveals that most of the employees are appreciated or rewarded for
the good work they do in the organization.
5 Looking at the overall analysis of the company it is clear that the company has
managed to obtain higher commitments form its employees from their end.
5.2 Suggestions
The big question for both individuals and organization is: How do you keep up spirits,
54
continue to work effectively, maintain health and sanity in a highly competitive situation?
Retention tips:
1 Select the right people in the first place through behavior- based testing and
competency screening. The right person, in the right job.
2 Provide opportunities for people to show their knowledge via training sessions,
presentations, mentoring others and team assignments.
6 Involve employees indecisions that affect their jobs and the over all directions of
the company when ever possible.
8 Base the upside of bonus potential on the success of both the employee and the
company and make it limitless with in the company parameters.
9 Recognize and celebrate success. Mark their passage as important goals are
achieved.
11 Staff adequately so over time is minimized for those who don’t want to over
55
work and people don’t wear them selves out.
12 Provide the opportunity for career and personal growth through training and
education, challenging assignment and more.
13 Provide opportunity with in the company for cross training and career
progression. People like to know that they have room for career movement.
5.3 CONCLUSION
As more and more organizations reengineer, merge, restructure, downsize, right size, and
56
even capsize, employee’s comfort uncertainty is an almost daily basis. The rules keep
changing in terms of what they’re supposed to do, how they’re supposed to do it, which
they do it for, and whether they get to do it at all. And since most have little or no control
over the making of these rules, the result is often a sense of powerlessness that translates
into increased stress, decreased wellness, demoralization, absenteeism, and lower
productivity, all of which affect rates of employee retention. And we all know that people
are an organization’s number one asset, and losing them costs money.
The first step to improving your employee retention is to understand why employees stay
with their current employer. Many”experts”dwell on the reasons employees leave, which
is not as important or revealing as the reasons they stay.The goal of every company
should be to improve the desire of employees to stay in the relationship they have with
the company. When companies understand and manage employees loyalty- rather than
retention specifically- they can reap benefits on both sides the balance sheet i.e., revenues
and costs.
In other words, rather than focusing only on retention (that is , trying to retain employees
who have already decided to leave), organizations should proactively recognize the
benefits of understanding managing and improving employee loyalty. The most
successful organizations are those that can adapt their organizational behavior to the
realities of the current work environment where success is dependent upon innovation,
creativity and flexibility. Additionally, the dynamics of the work environment have to
reflect a very diverse population comprised of individuals whose motivations, beliefs and
value structures differ vastly from the past and from each another.
BIBILOGRAPHY
List of books
57
1. K.Aswathappa
Human resource management
Published by tata McGraw-hill publishing Co. Ltd.
Third edition, 2003
2. Rao P. subba
Human resource management and industrial relations
Published by Himalaya publishing house
2004, edition
3. Bread well & Holden
Human resource management
Published by tata McGraw-hill publishing co. ltd.
2004, edition
4. Cane Sheila
Kaizen strategies for winning through people
Published by pitman publishing
2000, edition
5. N.G. Nair & Latha Nair
Personal management and industrial relations
Published by S.Chand & Co. Ltd
2001, edition
6. Sutherland Jonathan & can well daine
Key concepts In Human Resource Management
Published by Palgrave Macmillan
2004, edition
7. Desseler Gary
Human resource management
Published by prentice- hall of India Pvt. Ltd.
2005, edition
58
a. HRM Review-A Monthly digest of human capital- ICFAI
b. Business India- February, 2006, edition
c. Business world- may 2006, edition
d. Effective executive- the monthly digest ICFAI
e. Business standard- may 29 2006, edition
f. Human capital- may 2006, edition
g. Times of India- may 29 2006, edition
h. Company journals
WEBSITS
www.hr.com
www.businessworldindia.com
www.icfai.com
www.humanresource.com
www.businessrec.com/infocom
ANNEXURE
59
retention”
Deepa.G.
Qualification: ___________________________________________________
60
1. Pay
2. Personal growth opportunity
3. Good employer
4. Work environment
5. Others
1. Fair
2. Accurate
3. Relevant
4. Satisfactory
5. unsatisfactory
61
6) Timeliness and accuracy of implementation of salary changes.(please tick mark
the relevant box
1. Unsatisfactory
2. Satisfactory
3. Good
4. Excellent
62
iii. Encourage cooperation
v. Provide leadership
vii. Is honest
x. Recognize accomplishment
63
another
iii. “Politics” at Mahindra associates
are kept to a minimum
iv.Individual initiative is encouraged
at Mahindra Associates
11) Are you satisfied with the existing work environment? Rate the following
Unsatisfactory Satisfactory Good Excellent
i. Job
iii. Supervisor
iv. Management
v. Leadership
vi. Motivation
vii. Ambience
64
i. Establish career path at
Mahindra Associates
ii. Existing growth opportunities
at Mahindra Associates
iii. I get a sense of great professional
& personal accomplishment
from the work I do
1. Poor 3. Good
2. Average 4. Excellent
14) Your overall experience with HR (please tick mark in the relevant box.)
1. Poor 3. Good
2. Average 4. Excellent
___________________________________________________________________
___________________________________________________________________
__________________________________________________________
65
Thank you.
66