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PROJECT REPORT
Submitted by
NAZIA TABASSUM.L.A
PONDICHERRY UNIVERSITY
PONDICHERRY – 605014
2015
1
CERTIFICATE OF THE GUIDE
2
STUDENTS' DECLARATION
I, NAZIA TABASSUM. L.A. hereby declare that the Project Work titled “A STUDY
FACILITY SERVICES INDIA PVT LTD” is the original work done by me and
Loyola College.
3
ACKNOWLEDGEMENT
I also thank My Parents & Friends, who have helped me in various ways to
complete this project successfully.
NAZIA TABASSUM.L.A
4
EXECUTIVE SUMMARY
In order to retain employees and reduce turnover managers must meetthe goals of
employees without losing sight of the organization's goal. Employee retention is
keeping the employees that have already been hired. When you have hired people,
trained them into high performing teams, not to lose the employee the researcher
found the problems that occurs in the organization as employees stress, expected
employment compensation career growth and opportunities provided by the
organization and tries to satisfy the measures of this study were as:
With the help of 100 samples size the researcher used simple random sampling
method to found that the majority of the employees are satisfied with their salary,
incentives, the career growth and opportunities provided by the organization and the
employees needs more coordination with their colleagues and supervisors and to
reduce their work load this study concludes with highlighting suggestion as to develop
more interrelationship and monetary benefits in order to retain employees in the
organization this study can also applicable for the other departments of the same
organization.
5
TABLE OF CONTENTS
Page no:
Acknowledgement: 3
Executive summary: 4
Bibliography: 100
Annexures: 101-106
6
LIST OF TABLES
7
21. Quality of the trainers 78
8
LIST OF CHARTS
9
21. Quality of the trainers 79
10
CHAPTER-1
11
INTRODUCTION
12
1.1 INTRODUCTION
Companies today invest so much time in their employee that each one leaves it is like
they are losing an investment. It is for the reason that employee retention has become
a critical component of work force stability.
Retaining good employees is not easy as it used to be. Companies need to be in top of
the game when it comes to keeping them, as well as motivating them. Employee’s
retention is simple to understand, but at the same it is difficult to achieve. Knowing
what employees want and need is a step in the right direction.
Retention of key employees is critical to the long term health and success of any
organization. It is a known fact that retaining your best employees ensures customer
satisfaction, satisfied colleagues, reporting staff, effective succession planning and
deeply imbedded organizational knowledge and learning.
13
In business setting, the goal of employers is usually to decrease employee turnover,
thereby decreasing training costs, recruitment costs and loss of talent and
organizational knowledge.
Definition:
The costs associated with turnover may include lost customers, business and damaged
morale. In addition there are the hard costs of time spent in screening, verifying
credentials, references, interviewing, hiring, and training the new employee just to get
back to where you started.
14
1.2 PROBLEM OF STUDY
To keep employees and keep satisfaction high, you need to implement each of
the Three R’s of employee retention: Respect, Recognition, and Rewards.
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.
15
ROLE OF HUMAN RESOURCE MANAGER IN RETAINING THE
EMPLOYEES
The HR must launch various incentive schemes for the top performers to motivate
them.
16
Individuals speak all kind of lies during interviews to get a job. They might not
be proficient in branding but would simply say a yes to impress the recruiter and
grab the job. It is only later do people realize that there has been a mismatch and
thus look for a change. Problems arise whenever a right person is into a wrong
profile. An individual loses interest in work whenever he does something out of
compulsion.
Some individuals have a tendency to get bored in a short span of time. They
might find a job really interesting in the beginning but soon find it monotonous and
look for a change. The management finds it difficult to convince the employees in
such cases. It becomes really difficult for the HR Department to find out what
exactly is going on in the minds of the individual. An individual should voice his
opinions clearly to make things easier for the management.
Unrealistic expectations from the job also lead to employees looking for a
change. There is actually no solution to unrealistic expectations. An individual
must be mature enough to understand that one can’t get all the comforts at the
workplace just like his home. Individuals from different backgrounds come
together in an organization and minor misunderstandings might arise but one
should not make an issue out of it. An individual must not look for a change due to
small issues. One needs time to make his presence feel at the organization and must
try his level best to stick to it for a good amount of time and ignore petty issues.
17
SCOPE OFTHE
STUDY
18
1.3 SCOPE OF THE STUDY
This project has been prepared with an intention to study the factors influencing
employee retention.
19
NEED OF THE
STUDY
20
1.4 NEED FOR THE STUDY
Managers need to appreciate staff every day and constantly work to keep them on
board. The HR department alone cannot reduce turnover. For significant, positive
change, company leaders must establish distinct retention processes and programs
within all levels of an organisation. After finding the right people, it is management’s
primary role to take responsibility for the successful of their employees including
leading people towards performance goals and targets. This promotes the researchers
to take-up the title “A study on factors influencing employee retention at ISS Facility
Services India private limited, Chennai.”
21
LIMITATION
OF
THE
STUDY
22
1.5 LIMITATION OF THE STUDY
The study was centered only to the ISS FACILITY SERVICES INDIA PRIVATE
LIMITED, CHENNAI.
The duration of the study was limited and hence elaborate and comprehensive project
survey was not undertaken.
The present study may not reveal the same results in the future
23
REVIEW OF
LITERATURE
24
1.6REVIEW OF LITERATURE
Employee Retention:
Employee retention matters as organizational issues such as training time and
investment; lost knowledge; insecure employees and a costly candidate search are
involved. Hence failing to retain a key employee is a costly proposition for an
organization. Various estimates suggest that losing a middle manager in most
organizations costs up to five times of his salary.
Employees retaining is the most imperative target for the organization because hiring
of qualified candidate is essential for organization but their retention is more
important than hiring, because a huge amount is spending on the orientation and
training of the new indicated employees. Research finds that the cost of replacing of
old employees with new is estimated up to twice the employee annual salary. When
employee leaves the job, organization lost not only employee, but also lost the
customers & client who were loyal with the employee, knowledge of production,
current projects, competitor and past history of the organization.
Intelligent employers always realise the importance of retaining the best talent.
Retaining talent has never been so important in the Indian scenario; however, things
have changed in recent years. In prominent Indian metros at least, there is no dearth of
opportunities for the best in the business, or even for the second or the third best.
25
Retention of key employees and treating attrition troubles has never been so important
to companies.
Employee retention matters, as, organisational issues such as training time and
investment, costly candidate search etc., are involved. Hence, failing to retain a key
employee is a costly proposition for any organisation. Various estimates suggest that
losing a middle manager in most organisations, translates to a loss of up to five times
his salary.
“Employee Retention Strategies helps organizations provide effective employee
communication to improve commitment and enhance workforce support for key
corporate initiatives”
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. Companies have
tried many different programs and perks to hold onto good employees. However,
studies show that these efforts are not enough to retain good employees when the
support that is needed to achieve job success is not adequate.
Don't Waste Your Money on Things That Don't Make a Difference...Among the
countless inducements offered; only those identified in the centre of KEI's Employee
Retention Wheel™ are truly what give employees a consistent reason for saying "no
thank you" when tempted with a "sweeter offer." After years of study and experience,
Kei’s has determined, and presented in the Retention Wheel, what factors do have the
greatest impact on keeping employees.
Kei’s has used this information to give employers the tools to meet the core needs that
keep employees successful at their jobs, thus reducing the high costs associated with
unwanted employee turnover.
26
Using the Wheel to Improve Employee Retention:KEI's Employee Retention
Strategy is based upon two primary beliefs:
(1) It is difficult for employers to retain good employees if they don't have a
process to hire the right people in the first place.
(2) Retention processes must directly support the reasons that successful,
satisfied employees stay.
KEI's concentration on the centre of the Employee Retention Wheel provides
employers with Internet-based tools that give employees systematic, on-going support
to be successful in their work and satisfied with their employment.
27
The Centre of KEI's Employee Retention Wheel: EIGHT FACTORS
Definition of successful: my job is helping me to grow personally, professionally and
financially.
Definition of satisfied: my employer is providing what I need to perform my job
successfully.
These eight central processes of the Employee Retention Wheel are the factors that
are most critical to an employee's job performance success.
How do you get your employees to "fall in Love" with your organization? This is a
great question. Some recently conducted research lists these Top Ten Strategies
1. Treat your employees like you treat your most valuable clients.
It is cheaper to keep your good employees than it is to hire and train new ones.
28
Your top 20-25% should be courted as you would court and then service your
top customers.
2. Get your employees to "fall in Love" with your organization.
Communicate your vision in a compelling way. Show everyone the role they
have to contribute to this vision. Create opportunities for people to connect
with each other for support and to improve communication in work teams.
i. Capture the Hearts of your workforce with: Compelling
vision/Balance/Celebration-Fun
ii. Open Communication: Internal listening is a priority, multiple lines
of communication (various channels.) This is essential for
managing change in a positive way with less, anger, resistance, and
fear.
Create partnerships: Squash status barriers/Open the books/pay for
performance (not titles), share the "bad" times the "good" times.
iii. Drive Learning: "Guarantee Employability," Encourage Life Long
Learning (Train outside of job description). Loyalty comes from
trusting your employees to develop their skills for the good of the
company and for their needs for personal growth and satisfaction.
3. Strong retention strategies become strong recruiting advantages.
4. Retention is much more effective when you put the right person into the
right job. Know the job! Know the employee and their motivations.
Half of the Fortune 500 companies are now using assessments to more fully
understand each job and the soft skills that are required for top production
within their specific company culture. These benchmarked skills are then
compared against qualified applicants to help determine who will be
successful in the position and fit well within their company's culture. These
assessments are also used as a powerful professional development tool to
enhance the training of continuous life-long learning (which is another
powerful retention strategy.) Advanced Fibre Communication is beginning to
use this assessment process in hiring.
5. Money is important but it is not the only reason people stay with an
organization. If your compensation plan is in the top 20-30% of your
industry, then money will often not be the reason why people leave.
29
6. Employee committees to help develop retention strategies are a very
effective strategy. Get their input! Ask, what do people like about working
here? What would you like changed to make your company a better place to
work?
Some companies, such as Advance Fiber Communication (AFC), have
recognized that the special engineers and technical experts that are the
cornerstones of their business require special attention. Victoria Perrault, VP
of Administrative Services for AFC, says that her company has identified the
top 25% of their staff and caters to these special people by meeting their
financial requirements and looking for the best package of benefits that these
people will find most positive as incentives to stay. They even have employee
committees that work as "focus groups" to determine why people stay at AFC
and what they might want to see changed to make AFC an even better place to
work.
7. Leadership must be deeply invested in retention. Management must be
skillful communicating company policies in a way that creates "buy-in" from
their staff and be open to employee input. Help create "ownership" in your
employees.
The companies with the best retention percentages are the same companies
that are actively committed to retention. They know that is costs less to keep
good people than to continuously have to replace unsatisfied employees and
managers.
8. Recognition, in various forms, is a powerful retention strategy.
It does not have to cost a lot. US Dept. of Labour - 46% of people leave their
jobs because they feel unappreciated.
9. Remember, the "Fun Factor" is very important to many employees.
Greg Peters, Past President and CEO of Mahi Networks in Petaluma, is one of
many executives who reported that retention is often related to interpersonal
connections and amount of FUN in work teams. The FUN Factor is part of the
generation of workers that use activities as stress management in highly
charged production environments where long hours are required. Greg has
encouraged Ping-Pong tournaments and basketball leagues for interpersonal
interaction, fun, and stress management. Though not everyone can participate
30
in physical activities, this sets the tone in a culture based on competition,
health/well-being, and interactions that are inclusive beyond work.
10. Know the trends in benefit packages. Do your best to offer the ones your
employees need: Consider offering the best of the rest.
The above are the best strategies a company can adopt to maintain its employee
retention rate.
b. Research survey:
31
varies. Secondary data source reveals that proper communication is necessary to
generate a conductive environment.
Martin (2003) looked at the Effect of unions on labour turnover and found clear
evidence that unionism is associated with lower turnover. He suggested that lower
turnover is a result of the ability of unions to secure better working conditions thus
increasing the attractiveness for workers of staying in their current job. According to
martin, relationships between lower turnover and unionization have been well
established by researchers using both industry level and individual data.
32
OBJECTIVES
OF
THE
STUDY
33
1.7 OBJECTIVES OF THE STUDY
Primary objective:
Secondary objective:
To find out the level of satisfaction with welfare measures and counseling facilities
provided to them.
34
RESEARCH
METHODOLOGY
35
1.8 RESEARCH METHODOLOGY
Research is the process of systematic and in-depth study or search for any particular
topic, subject or area of investigation, backed by collection, compilation, presentation
and interpretation of relevant details or data. Research methodology is a way to
systematically solve the research problem.
RESEARCH DESIGN
PRIMARY DATA
SECONDARY DATA
SAMPLING METHOD
SAMPLE SIZE
36
DATA COLLECTION INSTRUMENT
PERIOD OF STUDY
STATISTICAL TOOLS
1. PERCENTAGE ANALYSIS:
Percentage refers to a special kind of ratio on making comparison two or more data
and to describe relationship. Percentage can be used to compare relative items, the
distribution of two or more series of data.
FORMULA:
Number of respondents
Total respondents
37
1.9 CHAPTER PLAN
Chapter 1
The study was started with the base of introduction about the topic for research
followed by objectives of the study, scope of the study, need of the study, limitation
of study, review of literature, research survey, research methodology & research
design, appropriateness of the survey method and statistical of the tool.
Chapter 2
The chapter explains in details about the company profile, its vision and mission.
Chapter 3
Chapter 4
Chapter 5
38
CHAPTER-2
39
PROFILE
OF
THE
COMPANY
40
2.1 COMPANY PROFILE
INTRODUCTION:
The ISS Group was founded in Copenhagen in 1901 and has grown to become
one of the world’s leading Facility Services companies. ISS offers a wide range of
services such as: Cleaning, Catering, Security, Property and Support Services as well
as facility management.
Global revenue amounted to DKK 78.5 billion in 2013 and ISS has more than
520,000 employees and local operations in more than 50 countries across Europe,
Asia, North America, Latin America and Pacific, serving thousands of both public
and private sector customers.
FACILITY SERVICES:
What we do:
Different businesses have different needs – and this principle naturally also
applies to facility management (FM). Some businesses want to outsource the entire
range of facility services, whilst others have a smaller outsourcing need.
The ISS approach facility management combines all the customer’s services
into an integrated solution. By bundling services we are able to reduce overheads and
allocate resources more efficiently
41
For example, combining site-based services with periodical off-site deliveries for
optimising efficiency e.g. energy management or ad-hoc services such as event-
catering, planned maintenance or security installations. The synergy comes from our
ability to integrate services and optimize delivery systems.
The ability to integrate and self-deliver services is the key to providing cost-
effective workflows and high-quality service. For the customer, this creates cost
efficiency within the organisation and complies with the Service Level Agreement
according to the customer’s demands. The ISS approach to FM is through an
integrated model where services are delivered through a seamless integration of
people, processes and systems.
42
CATERING SERVICES:
Food plays a crucial part in our lives. With our expertise and experience we know
how much healthy, fresh and tasty food can influence work performance. Bearing that
in mind, our competent chefs and in-house specialists take pride in creating
nutritionally balanced and innovative menus.
This is our way of giving the customer the best ingredients for a well-functioning
and healthy workforce.
What we do:
43
CLEANING SERVICES:
Our approach is based on processes, methods, and skilled employees. This is how
we ensure that the customer receives a detailed, professional, and consistent level of
quality in the services delivered.
What we do:
44
Across the globe our services offer excellence founded on specialist knowledge and
expertise, documented processes and the ability to establish and share best practices
across national boundaries and continents.
With our vast global operational experience and ability to serve several different
segments, ISS is clearly a unique and distinguishable company.
SUPPORT SERVICES:
What we do:
45
From the customer’s point of view, by harnessing synergies between services
we create cost efficiency within the organization, complying with the Service Level
Agreement according to the customer’s demands.
SECURITY SERVICES:
Our Security Services are centred on protecting people and property, thereby
making our customers feel safe. Through management commitment, quality control,
planning and training we ensure that we live up to our customers’ expectations. ISS
provides a reliable, professional, 24-hour security service with a human touch.
What we do:
46
Our objective is to deter and detect potential wrongdoing in the environments
that we have been charged with protecting. Working together with the customer we
provide a consistent, reliable and high-quality end-to-end security solution. We ensure
that the customer has all bases covered and the necessary safety measures
implemented to mitigate risk.
PROPERTY SERVICES:
What we do:
47
We create a flexible, transparent and tailor-made solution in close dialogue with the
customer, which allows the customer to scale services to meet changing needs. We act
as advisor, consultant and coach to enable continuous improvements, and we provide
our customer with a progressive and broad overview of preventive maintenance
services. Our objective is to prolong the value of the property by optimizing the
servicing of the facilities.
48
CHAPTER-3
49
DATA ANALYSIS
AND
INTERPERTATION
50
TABLE: 3.1
INFERENCE:
From the above table it is inferred that 28%of the respondents are below 25 years
of age, 36% of the respondents are 26-30 years of age, 24% of the respondents are 31-
40 years of age, 12% of the respondents are 41 and above.
51
CHART: 3.1.1
AGE OF THE EMPLOYEES
40% 36%
35%
28%
30%
25% 24%
20%
15%
10%
12%
5%
0%
Below 25 years
26-30
31-40
41 and above
52
TABLE: 3.2
GENDER OF THE EMPLOYEES
INFERENCE:
From the above table it is inferred that 72% of the respondents are male and 28%
of the respondents are female.
53
CHART: 3.2.1
28%
Male
72% Female
54
TABLE: 3.3
INFERENCE:
From the above table it is inferred that 4% of the respondents have studied up to
secondary, 6% of the respondents are diploma holders, 26% of the respondents are
degree holders and 64% of the respondents are post graduates and others.
55
CHART: 3.3.1
4% 6%
26% Up to secondary
Diploma
64%
Degree
Post graduate and others
56
TABLE: 3.4
INFERENCE:
From the above table it is inferred that 44% of the respondents are single, 52% of
the respondents are married and 4% of the respondents are separated/widowed.
57
CHART: 3.4.1
52%
44%
4%
Single
Married
Separated/Widowed
58
TABLE: 3.5
INFERENCE:
From the above table it is inferred that 60% of the respondents are below 5 years of
experience ,24% of the respondents are 6-10 years, 12% of the respondents are 11-15
years and 4% of the respondents are 16 and above.
59
CHART: 3.5.1
70% 60%
60%
50%
40%
30% 24%
20%
10% 12%
0%
4%
Below 5 years
6-10 years
11-15 years
16 and above
60
TABLE: 3.6
INFERENCE:
From the above table it is inferred that 52% of the respondents earn below 15000,
36% of the respondents earn between 15000-30000, 8% of the respondents earn
between 30000-50000 and 4% of the respondents earn 50000 and above.
61
CHART: 3.6.1
60%
52%
50%
40% 36%
30%
20%
8%
10%
4%
0%
Below 15000 15000-30000 30000-50000 50000 and above
62
TABLE: 3.7
INFERENCE:
From the above table it is inferred that 8% of the respondents are highly satisfied
of salary package, 48% of the respondents are satisfied, 40% of the respondents are
dissatisfied, and 4% of the respondents are highly dissatisfied.
63
CHART: 3.7.1
Highly dissatisfied 4%
Dissatisfied 40%
Satisfied 48%
Highly satisfied 8%
64
TABLE: 3.8
INFERENCE:
From the above table it is inferred that 52% of the respondents said yes that they
practice job rotation technique and 48% of the respondents said no that they do not
practice job rotation technique.
65
CHART: 3.8.1
52%
51%
50%
52%
49%
48%
48%
47%
46%
Yes No
66
TABLE: 3.9
INFERENCE:
From the above table it is inferred that 12% of the respondents are strongly agree
of job rotation technique helps in breaking monotony and learning new skills, 56% of
the respondents agree, 24% of the respondents disagree and 8% of the respondents
strongly disagree.
67
CHART: 3.9.1
60% 56%
50%
40%
30%
24%
20% 12%
10%
0% 8%
Strongly agree
Agree
Disagree
Strongly
disagree
68
TABLE: 3.10
INFERENCE:
From the above table it is inferred that 20% of the respondents are strongly agree
of job rotation technique do not help in breaking monotony and learning new skills,
64% of the respondents agree, 12% of the respondents disagree and 4% of the
respondents strongly disagree.
69
CHART: 3.10.1
4%
12% 20%
Strongly agree
Agree
Disagree
Strongly disagree
64%
70
TABLE: 3.11
INFERENCE:
From the above table it is inferred that 15% of the respondents are motivated
because of the salary, 12% of the respondents are motivated for nature of job, 10% of
the respondents are motivated for reputation of the organization, 25% of the
respondents are work environment and 38% of the respondents are motivated for
growth prospects.
71
CHART: 3.11.1
40% 38%
35%
30%
25%
25%
20%
15%
15%
12%
10%
10%
5%
0%
Salary Nature of job Reputation of Work Growth
the environment prospects
organization
72
TABLE: 3.12
INFERENCE:
From the above table it is inferred that 36% of the respondents are highly satisfied
with the managerial relationship, 48% of the respondents are satisfied, 12% of the
respondents are dissatisfied and 4% of the respondents are highly dissatisfied.
73
CHART: 3.12.1
Highly dissatisfied 4%
Dissatisfied 12%
Satisfied 48%
74
TABLE: 3.13
2. Satisfied 64 64%
3. Dissatisfied 16 16%
4. Highly satisfied 8 8%
INFERENCE:
From the above table it is inferred that 12% of the respondents are highly satisfied
with the promotion opportunities, 64% of the respondents are satisfied, 16% of the
respondents are dissatisfied and 8% of the respondents are highly dissatisfied.
75
CHART: 3.13.1
76
TABLE: 3.14
2. Satisfied 17 17%
3. Neutral 35 35%
4. Dissatisfied 12 12%
INFERENCE:
From the above table it is inferred that 16% of the respondents are highly satisfied
with the reward plans, 17% of the respondents are satisfied, 35% of the respondents
are neutral, 12% of the respondents are dissatisfied and 20% of the respondents are
highly dissatisfied.
77
CHART: 3.14.1
35%
35%
30%
25%
20%
20%
17%
16%
15%
12%
10%
5%
0%
Highly Satisfied Neutral Dissatisfied Highly
satisfied dissatisfied
78
TABLE: 3.15
INFERENCE:
From the above table it is inferred that 10% of the respondents are highly satisfied
with the job security for the employees, 40% of the respondents are satisfied, 20% of
the respondents are neutral, 12% of the respondents are dissatisfied and 18% of the
respondents are highly dissatisfied.
79
CHART: 3.15.1
40%
40%
35%
30%
25%
20%
20% 18%
15% 12%
10%
10%
5%
0%
Highly Satisfied Neutral Dissatisfied Highly
satisfied dissatisfied
80
TABLE: 3.16
INFERENCE:
From the above table it is inferred that aspects to be improved in the organization
are 20% of the respondents with compensation package, 24% of the respondents are
team management, 48% of the respondents are career planning and growth, and 8% of
the respondents are others.
81
CHART: 3.16.1
50% 48%
40%
30%
20% 24%
20%
10%
8%
0%
Compensation
package Team
management Career
planning and Others (please
growth specify)
82
TABLE: 3.17
INFERENCE:
From the above table it is inferred that 76% of the respondents said yes that the
training programmes are conducted in the organization and 24% of the respondents
said no training programmes are conducted.
83
CHART: 3.17.1
24%
Yes
No
76%
84
TABLE: 3.18
INFERENCE:
From the above table it is inferred that 26% of the respondents are highly satisfied
with the frequency of the training program, 35% of the respondents are satisfied, 24%
of the respondents are dissatisfied and 15% of the respondents are highly dissatisfied.
85
CHART: 3.18.1
35%
30%
25%
20% 35%
26%
24%
15%
15%
10%
5%
0%
Highly Satisfied Dissatisfied Highly
satisfied dissatisfied
86
TABLE: 3.19
INFERENCE:
From the above table it is inferred that 58% of the respondents are highly satisfied
with the content of training program, 14% of the respondents are satisfied, 21% of the
respondents are dissatisfied and 7% of the respondents are highly dissatisfied.
87
CHART: 3.19.1
7%
21%
Highly satisfied
Satisfied
Dissatisfied
58% Highly dissatisfied
14%
88
TABLE: 3.20
INFERENCE:
From the above table it is inferred that 18% of the respondents are highly satisfied
with the learning from the program, 47% of the respondents are satisfied, 29% of the
respondents are dissatisfied and 6% of the respondents are dissatisfied.
89
CHART: 3.20.1
50% 47%
40%
30% 29%
18%
20%
10%
0% 6%
Highly
satisfied Satisfied
Dissatisfied
Highly
dissatisfied
90
TABLE: 3.21
INFERENCE:
From the above table it is inferred that 37% of the respondents are highly satisfied
with the quality of the trainers, 28% of the respondents are satisfied, 26% of the
respondents are dissatisfied and 9% of the respondents are highly dissatisfied.
91
CHART: 3.21.1
9%
37%
Highly satisfied
26%
Satisfied
Dissatisfied
Highly dissatisfied
28%
92
TABLE: 3.22
INFERENCE:
From the above table it is inferred that 18% of the respondents are highly satisfied
with the employees satisfaction with their working hours, 50% of the respondents are
satisfied, 8% of the respondents are neutral, 10% of the respondents are dissatisfied
and 14% of the respondents are highly dissatisfied.
93
CHART: 3.22.1
Dissatisfied 10%
8%
Neutral
50%
Satisfied
94
TABLE: 3.23
INFERENCE:
From the above table it is inferred that non-monetary facilities provided to the
employees with 64% of the respondents are cafeteria/canteen facilities, 16% of the
respondents are transport facilities, 12% of the respondents are creche facilities, and
8% of the respondents are counselling services.
95
CHART: 3.23.1
8%
12%
Cafeteria/canteen
16% Transport
64%
Creche
Counselling services
96
TABLE: 3.24
INFERENCE:
From the above table it is inferred that 55% of the respondents are referral by
sources which gave idea about the organization, 10% of the respondents are
advertisement, 15% of the respondents are walk in, and 20% of the respondents are
job portal.
97
CHART: 3.24.1
60% 55%
50%
40%
30%
20%
10% 15% 20%
10%
0%
98
TABLE: 3.25
INFERENCE:
From the above table it is inferred that 32% of the respondents are very high with
regarding their work load, 48% of the respondents are high, 8% of the respondents are
low, and 12% of the respondents are very low.
99
CHART: 3.25.1
50% 48%
40%
32%
30%
20%
10%
8% 12%
0%
Very high
High
Low
Very low
100
TABLE: 3.26
INFERENCE:
From the above table it is inferred that 19% of the respondents are highly satisfied
with the statutory and non-statutory benefits, 40% of the respondents are satisfied,
15% of the respondents are neutral, 21% of the respondents are dissatisfied and 5% of
the respondents are highly dissatisfied.
101
CHART: 3.26.1
40%
40%
35%
30%
25% 19%
20%
21%
15%
15%
10%
5% 5%
0%
Highly
satisfied Satisfied
Neutral
Dissatisfied
Highly
dissatisfied
102
TABLE: 3.27
INFERENCE:
From the above table it is inferred that employees opinion in the organizational
policies and procedures with 36% of the respondents are always, 40% of the
respondents are sometimes, 13% of the respondents are rare, and 11% of the
respondents are never.
103
CHART: 3.27.1
Never 11%
Rare 13%
Sometimes 40%
Always 36%
104
TABLE: 3.28
INFERENCE:
From the above table it is inferred that employees recognition for work are 80% of
the respondents said yes and 20% of the respondents said no.
105
CHART: 3.28.1
80%
70%
60%
50%
80%
40%
30%
20%
20%
10%
0%
Yes No
106
TABLE: 3.29
INFERENCE:
From the above table it is inferred that steps taken by the management for
employee retention are 16% of the respondents are improving the responsibility, 32%
of the respondents are increase co-ordination between team leader and employees,
24% of the respondents are improve recognitions and rewards mechanism, and 28%
of the respondents are transparency in performance appraisal and other HR
procedures.
107
CHART: 3.29.1
35%
32%
30%
28%
25% 24%
20%
16%
15%
10%
5%
0%
Improving the Increase co- Improve Transparency in
responsibility ordination between recognitions and performance
team leader and rewards mechanism appraisal and other
employees HR procedures
108
CHAPTER-4
109
FINDINGS OF
THE STUDY
110
4.1 FINDINGS
organization.
112
SUGGESTIONS
113
4.2 SUGGESTIONS
It will be better for the organization to develop monetary reward plan in order to
retain the employees.
To develop coordination among the employees the organization should provide team
based work.
The salary package can be revised in the organization to make the employees highly
satisfied with their job.
Job rotation technique can be effectively implemented to improve employee retention
rates.
The organization should take better care about the working hours of the employees,
irregular working time would cause health of the employees will leads to absenteeism.
Employees would be more glad if they get recognized for their work they do.
Steps can be taken to avoid employee to quit the job due to peer influence.
Through this study we come to know the employees are eager to attain training
programs in order to retain them the organization can make it more interesting and
various types can also include in it.
114
CHAPTER-5
115
CONCLUSION
116
5.1 CONCLUSION
The study reveals that the some main factors influencing employee retention is salary,
job satisfaction, work environment, peer relationship, relationship with higher
authorities. The organization can focus more on these factors and satisfy the
employees as far as possible and reduce the rate of labour turnover. Utilize the unique
and innovative solutions created by Drake to solve your retention problems.Drake
specializes in providing the best, most suitable and well qualified people and products
for your organization. Our intention is to let our services outer form beyond your
expectations, reducing your need to recruit new employees and developing work
forces that are dedicated to your organization.
Recruitment and retention alone cannot be counted on to fill all vacancies or solve all
problems. On-going work with under-represented groups, such as persons with
disabilities, youth, women (in trades), First Nations and older workers is critical to
ensure social and economic success for the territory. Immigration, provision and
dissemination of adequate labour market information and development of essential
skills and training opportunities will help ensure that all can contribute effectively to
their communities. These efforts must be coordinated through other labour market
strategies, if labour market issues are to be overcome.
117
BIBILOGRAPHY
118
BIBILOGRAPHY
References
Books and Journals
Taylor Stephen (2002), the Employee Retention Handbook, the Cromwell Press.
Dibble S, (1999), Keeping Your Valuable Employees- Retention Strategies for your
Organization’s most Important Resources, John Wiley & Sons Publications.
Websites
www.google.com
www.employeeretentionstrategies.com
www.shodhganga.com
www.indianresearchjournals.com
www.citehr.com
www.scribd.com
www.slideshare.com
119
ANNEXURES
120
A STUDY ON FACTORS INFLUENCING EMPLOYEE
RETENTION
QUESTIONNAIRE
1. Name:
2. Age:
Below 25 years
26 to 30 years
31 to 40 years
41 and above
3. Gender:
Male
Female
4. Qualification:
Up to secondary
Diploma
Degree
Post graduate and others
5. Marital status:
Single
Married
Separated/widowed
6. Experience:
Below 5 years
6 to 10 years
11 to 15 years
16 and above
121
7. Income:
Below 15,000
15,000 to 30,000
30,000 to 50,000
50,000 and above
10. If, yes, then do you think it helps in breaking monotony and also in learning new
skills?
Strongly agree
Agree
Disagree
Strongly disagree
11. If the answer to question no 9 is NO then do you think that the job rotation technique
of the organization can help in reducing your monotony and learning new skills?
Strongly agree
Agree
Disagree
Strongly disagree
122
12. What motivated you to continue with this job?
Salary
Nature of job
Reputation of the organization
Work environment
Growth prospects
Highly satisfied
Satisfied
Dissatisfied
Highly dissatisfied
14. How would you rate the opportunities for promotion in your organization?
Highly satisfied
Satisfied
Dissatisfied
Highly dissatisfied
Highly satisfied
Satisfied
Neutral
Dissatisfied
Highly dissatisfied
16. How will you rate the job security in your organization?
Highly satisfied
Satisfied
Neutral
Dissatisfied
Highly dissatisfied
123
17. Which of the following aspects in your organization do you think can be
improved?
Compensation package
Team management
Career planning and growth
Others (Please specify)
Yes
No
19. How would you rate the training programme in your organization?
Highly satisfied
Satisfied
Neutral
Dissatisfied
Highly dissatisfied
124
21. What type of non-monetary facilities are provided by the organization?
Cafeteria /canteen
Transport
Creche
Counselling services
Referral
Advertisement
Walk in
Job portal
Very high
High
Low
Very low
24. Are you satisfied with statutory and non-statutory benefits of the organization?
Highly satisfied
Satisfied
Neutral
Dissatisfied
Highly dissatisfied
25. Does the manager seek your opinion when designing organizational policies and
procedures?
Always
Sometimes
Rare
Never
125
26. Are you recognized for the work you do?
Yes
No
27. What do you think your organization could do to improve employee retention?
126