A Research Project

To Determine The Views Of Employees About The Retention Of Their Job.

By MFM Group Shrikant banikol 03 Shailesh Sawant 40 Santosh Ubhare 46 Rishikesh Thakur 42 Mahesh Waghela 51 Narendra kotkar 23 Parvindar Singh 20

CONTENTS OF THE PROJECT

A Research Topic- Introduction Objectives of the Research Sample Size Data Collection Tool Analysis Conclusions Annexure

A RESEARCH TOPICTo Determine The Views Of Employees About The Retention Of Their Job

An effort made to know the various causes of job retention from the employees prospective.
Now a day Employee Retention Program has become the integral part of HR. It is a systematic effort to create and foster an environment that encourages employees to remain employed by having policies and practices in place that address their diverse needs.

OBJECTIVES OF THE RESEARCH

To help the employee to be more specific about their expectation from the organization in order to get best practices and job satisfaction. To help the organization to reduce the turnover and attrition of the employees and also to reduce the recruitment and training cost by retaining the best manpower resources. To meet the organizational objectives of improving the productivity and efficiency of the employees by imbibing the best possible resources and practices.

SAMPLE SIZE

As part of its data gathering efforts, 30 participants asked to fill the questionnaire about various factors contributing them to stay in an organization and their opinions collected

DATA COLLECTION TOOLS

As our Research required knowing the views and opinions of the employees of the organizations we have chosen questionnaire as a tool. We designed a Questionnaire which covered the factors responsible for Retention and satisfaction of employees in an organization

ANALYSIS
Factors contributing for the retention. Salary Incentives , bonus etc Leave Benefits Health Benefits package 3 Excellent 2 Good 10 5 9 9 Fair 9 9 11 7 Poor 2 8 2 2

Sufficient knowledge of the job

Training opportunities/Career Development Working conditions / physical environment Use of skills and abilities / meaningful work

7
5 1 1

9
9 13 13

3
6 5 7

1
2 2 2

Support of staff ideas and suggestions / teamwork Organizational communication Employee recognition Organization Culture Job Rotation and New Assignments Performance appraisal Career planning / Mentoring

3 2

15 13 11

2 5 9 6 11 11 12

1 2 3 1 1 3 3

13 11 9 7

TOTAL

15

15

15

Salary
Excellent Good Fair Poor

Health Benefits package

Excellent
Good Fair Poor

Incentives, bonus etc

Sufficient knowledge of the job

Excellent
Good Fair Poor
Excellent
Good Fair Poor

Leave Benefits

Training opportunities/Career Development

Excellent
Good Fair Poor

Excellent
Good Fair Poor

Working conditions / physical environment

Excellent
Good Fair Poor

Organizational communication

Excellent
Good Fair Poor

Use of skills and abilities / meaningful work

Employee recognition

Excellent
Good Fair Poor

Excellent
Good Fair Poor

Support of staff / teamwork

Organization Culture

Excellent
Good Fair Poor

Excellent
Good Fair Poor

Job Rotation and New Assignments

Excellent
Good Fair Poor

Performance appraisal

Excellent
Good Fair Poor

FINDINGS/CONCLUSIONS

The questionnaire sheet asked employees to rate the possible factors of their job satisfaction and retention from Excellent, Good , Fair and Poor. Most of the employees were satisfied with their salary, incentives and bonus package to be reasoned as a factor of retention in present job. Most of them were satisfied with the leave and healthcare benefit policies of their organization Employees had also met the expectation of the sufficient work knowledge, training programmes and career development opportunities by their organizations. Most of them agreed upon the good working conditions provided by employers and felt that their skills are being utilized properly. Employees have rated maximum to the factor of support from other staff in their work , teamwork and the organization culture to be considered as the major factor of retention. New assignments and performance appraisal has got the least points to be considered for the retention.

THANK

YOU