Dalmia Cement Employee Retention
Dalmia Cement Employee Retention
CHAPTER-I
INTRODUCTION
INDUSTRY PROFILE
COMPANY PROFILE
PRODUCT PROFILE
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1.1 INTRODUCTION
Employee Retention refers to the ability of an organization to retain its employees.
Employee retention can be represented by a simple statistic (for example, a retention rate of
80% usually indicates that an organization kept 80% of its employees in a given period).
However, many consider employee retention as relating to the efforts by which employers
attempt to retain employees in their workforce. In this sense, retention becomes the
strategies rather than the outcome.
Retention Programs
It is important to first pinpoint the root cause of the retention issue before
implementing a program to address it. Once identified, a program can be tailored to meet
the unique needs of the organization. A variety of programs exist to help increase employee
retention.
Career Development – It is important for employees to understand their career path within
an organization to motivate them to remain in the organization to achieve their personal
career goals. Through surveys, discussion and classroom instruction, employees can better
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understand their goals for personal development. With these developmental goals in mind,
organizations can offer tailored career development opportunities to their employees.
The issues are then prioritized and interventions are delivered to target key weaknesses.
Assistance is then provided to encourage repeated use of newly acquired skills.
Employee Surveys – By surveying employees, organizations can gain insight into the
motivation, engagement and satisfaction of their employees. It is important for
organizations to the perspective of the employee in order to create programs targeting any
particular issues that may impact employee retention.
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Recruitment- Presenting applicants with realistic job previews during the recruitment
process have a positive effect on retaining new hires. Employers that are transparent about
the positive and negative aspects of the job, as well as the challenges and expectations are
positioning themselves to recruit and retain stronger candidates.
Selection- There is plethora of selection tools that can help predict job performance and
subsequently retention. These include both subjective and objective methods and while
organizations are accustomed to using more subjective tools such as interviews, application
and resume evaluations, objective methods are increasing in popularity. For example,
utilizing biographical data during selection can be an effective technique. Biodata
empirically identifies life experiences that differentiate those who stay with an organization
and those who quit. Life experiences associated with employees may include tenure on
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previous jobs, education experiences, and involvement and leadership in related work
experiences.
Training and Development- Providing ample training and development opportunities can
discourage turnover by keeping employees satisfied and well-positioned for future growth
opportunities. In fact, dissatisfaction with potential career development is one of the top
three reasons employees (35%) often feel inclined to look elsewhere. if employees are not
given opportunities to continually update their skills, they are more likely to leave. Those
who receive more training are less likely to quite than those who receive little or no
training.
Employers that fear providing training will make their employees more marketable
and thus increase turnover can offer job specific training, which is less transferable to other
contexts. Additionally, employers can increase retention through development opportunities
such as allowing employees to further their education and reimbursing tuition for employees
who remain with the company for a specified amount of time.
Compensation and rewards- Pay levels and satisfaction are only modest predictors of an
employee’s decision to leave the organization; however organizations can lead the market
with a strong compensation and reward package as 53% of employees often look elsewhere
because of poor compensation and benefits. Organizations can explicitly link rewards to
retention (i.e.vacation hours to seniority, offer retention Bonus payments or Emplyee stock
options , or define benefit plan payouts to years of services) Research has shown that
defined compensation and rewards as associated with longer tenure. Additionally,
organizations can also look to intrinsic rewards such as increased decision-making
autonomy.
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Employee Engagement- Employees who are satisfied with their jobs, enjoy their work and
the organization, believe their job to be more important, take pride in the company and feel
their contributions are impactful are five times less likely to quit than employees who were
not engaged. Engaged employees give their companies crucial competitive advantages,
including higher productivity and lower employee turnover.
Employee retention has become a major concern for corporates in the current
scenario. Individuals once being trained have a tendency to move to other organizations for
better prospects. Lucrative salary, comfortable timings, better ambience, growth prospects
are some of the factors which prompt an employee to look for a change. Whenever a
talented employee expresses his willingness to move on, it is the responsibility of the
management and the human resource team to intervene immediately and find out the exact
reasons leading to the decision.
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Hiring is not an easy process: The HR Professional shortlists few individuals from
a large pool of talent, conducts preliminary interviews and eventually forwards it to
the respective line managers who further grill them to judge whether they are fit for
the organization or not. Recruiting the right candidate is a time consuming process.
When an individual resigns from his present organization, it is more likely that
he would join the competitors: In such cases, employees tend to take all the
strategies, policies from the current organization to the new one. Individuals take all
the important data, information and statistics to their new organization and in some
cases even leak the secrets of the previous organization. To avoid such cases, it is
essential that the new joinee is made to sign a document which stops him from
passing on any information even if he leaves the organization. Strict policy should
be made which prevents the employees to join the competitors. This is an effective
way to retain the employees.
The employees working for a longer period of time are more familiar with the
company’s policies, guidelines and thus they adjust better: They perform better
than individuals who change jobs frequently. Employees who spend a considerable
time in an organization know the organization in and out and thus are in a position to
contribute effectively.
Every individual needs time to adjust with others: One needs time to know his
team members well, be friendly with them and eventually trust them. Organizations
are always benefited when the employees are compatible with each other and
discuss things among themselves to come out with something beneficial for all.
When a new individual replaces an existing employee, adjustment problems crop up.
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Individuals find it really difficult to establish a comfort level with the other person.
After striking a rapport with an existing employee, it is a challenge for the
employees to adjust with someone new and most importantly trust him. It is a
human tendency to compare a new joinee with the previous employees and always
find faults in him.
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The year 1939 saw the establishment of one of India’s first cement plants with an
installed capacity of 250 tonne cement per day-we as DCBL had just arrived. The plant
today has grown by manifolds in terms of capacity. We as a group too have expanded both
in terms of vision as well as business interests ranging from harnessing of the bounty of
iron-ore and magnesite in the country, Travel and export activities. These diversifications
were an effort to build and contribute to the development of basic industrial materials. The
year 1993 saw us foraying into the Sugar business with an installed capacity of 2500 TCD.
Today alongwith the Cement business, Sugar business is one of the key growth engines of
DCBL.
Apart from establishing our footprints across various business segments we have
also kept up our pace of excellence. In 1993, DCBL became the first company in South
India to obtain ISO 9002 certification and second in the country among the Indian Cement
Plants. In 2004, we became an ISO 14001 Certified company. Our efforts in sustaining
growth with responsibility have merited us many notable awards for Energy Conservation
& Efficiency, Safety, Health & Environment issues from the Government and other reputed
agencies.
Today, we stand as one of the most profitable players in the cement industry, with
sustainable high margins and strong financials backing our efforts. Our vision which
balanced the changing needs with our corporate imperatives, our organization has grown
over the years taking us to new heights and building onto our strengths. Today we stand on
a strong foundation of high organizational values and business ethics through which we
have cemented our growth.
Our business has year on year moved up the value chain with a consistent record of making
profits and paying dividends, making the company financially strong and stable. With a
total income of over Rs 2194 crores DCBL has business interests in two major segments,
Cement and Sugar. Our objective is to grow further and be among the top manufacturing
industries today. In this course, our cement business has grown with an increased
production capacity from 1.5 million tonnes [MT] in the past to the current installed
capacity of 9 MT. Also our sugar business since its commencement in 1994, has grown to
have three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity
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of 22,500 tonnes of cane crush per day leading to sugar manufacturing of about 300,000
MT per annum, distillery capacity of 80 KL per day & cogeneration facility. With the
launch and commencement of its two Greenfield projects in the Kadapa district of Andhra
Pradesh and Ariyalur in Tamil Nadu with a total 5MN tonnes capacity, DCBL has expanded
its cement footprint in the Southern India. DCBL also holds a stake of 45.4 % in OCL India
Ltd., a major cement Player in the Eastern Region. Dalmia Cement now controls a cement
capacity of 21.8 million tonnes & has a strong presence in Southern & Eastern Regions of
the Country. This parabolic growth in last few years is a testament of our determination to
grow into a leadership position.
Our aim is to sustain the growth that we have witnessed for the past years as well as
forge ahead with the ambitious plan we have envisioned for ourselves with the help of
professional Management team under the guidance of the experienced promoters of the
Group.
Quality of our products and Innovation is what has made us, unique in the Indian
Cement Industry. We have given India several vital projects from dams to critical defense
installations and created special cements for special applications with newer and innovative
technologies. This spirit of innovation has fuelled the development of specialty cements for
special needs, – which includes strengthening Airstrips, concretizing Railway Sleepers,
cementing Oil Wells, etc. In this journey of success we have always been the benchmark of
the latest and best technology with an endurance to achieve noteworthy milestones.
The homegrown talent of its people has fueled the commendable growth of the
company. DCBL has been and is committed to its people, and considers them to be vital to
our success. To this end we focus on creating opportunities for growth and diversity for all
our employees. We foster an environment that is supportive of their personal and
professional development, so that they may maximise the opportunity to achieve their
career goals.
Being a value based organization our approach has been based on our guiding principles
of mutual respect, dignity, responsibility, ownership, commitment, honesty, initiative,
innovation, collaboration, and faith. This strong foundation is what has been leveraged for
attracting the best talents in the industry for decades to be part of the success and growth.
Looking ahead, the company expects to create leaders at every level, and evolve the
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company into a high productivity organization based on its strong ethos. We aspire to create
an organization that will continue to lead and strive to meet the expectations of its
customers, employees and shareholders for generations to come.
Who We Are
Financials & Other reports(DCBL)
Our History
Our Essence
Our Programmes
Our Vision
Our Programmes
DCBL has promoted 3 educational institutions and one Skill Training Centre in this rural
area for the development of youth. It strongly believes that the Nation will be worthy only
when its citizens are educated. All the above institutions cater to the needs of the rural
population.
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Apart from world-class cement manufacturing plants in India, what makes us unique
as a cement manufacturer is our constant ability to innovate. On the key efficiency
parameters, we rank right up there with the best of cement companies in the industry. We
have set up over 53 windmills in Muppandal (Tamil Nadu) to generate inexpensive and eco-
friendly captive power for our plant. This power is wheeled through the State utility
transporter for consumption at the plant.
With the cement plants located close to their source of raw materials, we keep our
freight and transport costs low, giving it an edge over competition. Over 65 per cent of the
cement consumption in India is catered to by the retail segment where branding and
distribution are the critical drivers for leadership. And it is in this that we enjoy an edge
over our competitors. We are the only single unit cement manufacturer to successfully
market our brands in core markets at prices on par with those of large consolidated/national
players. In our focus area of Tamil Nadu and Kerala, which are among the fastest growing
in cement consumption, we enjoy a significant market share today. Our brands enjoy a very
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high recall among consumers and influencers while our relationships with our dealers are
very strong. In fact, in some cases these relationships go back three generations!
Our USP is innovation, which has given us a leadership position in niche but fast-
growing market segments.
Our History
Founded in 1935 by Jaidayal Dalmia; the cement division of DCBL was established
in 1939 and enjoys a heritage of 70 years of expertise and experience. We are headquartered
in New Delhi with cement, sugar, travel agency, magnesite, refractory and electronic
operations spread across the country.
The Dalmia Group had established four cement plants in pre-independence years,
two of which were affected by the partition and Independence. The two remaining plants
operate as Dalmia Cement and we have also made strategic investment in Orissa Cements
Limited(OCL). Managed by a professional team, we have sustained the path to innovation
and growth for seven decades.
DCBL prides itself on having been at the forefront of pioneering and introducing
many new technologies, which exist today, which are followed by others in the industry.
DCBL has been and continues to be an industry leader in the niche market segments.
This timeline highlights some of the significant moments that took place over the
years and shows how our business has evolved.
Our Vision
To be a Leader in Building Materials Which Evokes Pride in All Stakeholders
through Customer Centricity, Sustainability, Innovation and Our Values.
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Composition of Cement:
The ordinary cement contains two basic ingredients, namely, argillaceous and
calcareous. In argillaceous materials, the clay predominates and in calcareous materials,
the calcium carbonate predominates. A typical chemical analysis of good ordinary
cement along with the desired range is as follows:
TOTAL: - 100
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Properties of Cement:
Following are the important properties of good cement which primarily depend
upon its chemical composition, through ness of burning and fineness of grinding:
3. It is easily workable.
ALKALIES:
The most of the alkalis present in raw materials are carried away by the flue
gases during heating and cement contains only a small amount of alkalis. If they are in
excess in cement, they cause a number of troubles such as alkali-aggregate reaction,
efflorescence and staining when used in concrete, brickwork or masonry mortar.
SILICA (SiO2):
This is also an important ingredient of cement and it gives or imparts strength to
cement due to the formation of dicalcium and tricalcium silicates. If silica is present in
excess quantity, the strength of cement increases but at the same time, is setting time is
prolonged.
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ALUMINA (Al2O3):
This ingredient imparts quick setting property cement. It acts as a flux and it
lowers the clinkering temperature. However, the high temperature is essential for the
formation of a suitable type of cement and hence, the alumina should not be present in
excess amount as it weakens the cement.
If the amount of alkali oxides exceeds 1 per cent, it leads to the failure of concrete
made from the cement. Similarly, if the content of magnesium oxide exceeds 5 per cent, it
causes cracks after mortar or concrete hardens. It is due to the fact that magnesium oxide.
Burned at a temperature of about 1500°C, slakes very slowly, when mixed with water.
1. Climatic conditions.
2. Labour
3. Market
4. Power
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5. Raw materials
6. Transport facilities
7. Miscellaneous
Manufacturing Process:
There are two types of making cement namely the wet process and dry process.
The clinker obtained by their process is allowed to cool then fed into grinding mill
here along with a small quantity of gypsum. It is reduced to a very time power. Gypsum;
is added to cement in order to control the setting time of current during the placing of
concrete and water the cement produced will be stocked and conveyed for packing.
Packing of Cement:
The packing of cement is mostly done in our country in conventional jute or gunny
bags. These bags have proved to be satisfactory containers as their shape and size make
them convenient to handle. If properly handled, they may make three to five trips from
the factory to the cement users. However, the main drawbacks of such type of packing are
as follows:
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1. At every point of handling, some portion of cement contained in jute bag is wasted.
2. Even after emptying the cement bag, small quantity of cement remains in the bag and it
is thus not possible to take advantage of the full contents of the bag.
3. Even after emptying the cement bag, small quantity of cement remains in the bag and it
is thus not possible to take advantage of the full contents of the bag.
5. The handling of jute bags proves harmful to the health of labourer also as he inhales a
considerable amount of cement particles during the transport of such bags.
6. The quality of cement is affected due to entry of moisture from the atmosphere.
TYPES OF CEMENT:
I. Ordinary Port Land Cement:
This is mixture of calcareous (Lime stone, marble, Chalk etc.,) and argillaceous
(clay, shale etc.,) to which other material like silica, aluminum or iron oxide is added.
There are burnt at a clinkering temperature and the resulting clinker is then ground. After
burning only gypsum or air entraining agent is added.
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USES OF CEMENT:
At present, the cement is widely used in the construction of various engineering
structures. It has proved to be one of the leading engineering materials of modern times
and has no rivals in production and applications. Following are various possible uses of
cement:
2. Concrete for laying floors, roofs and constructing lintels, beams, weather sheds, stairs,
pillars etc.,
4. Constructions of water tanks, wells, tennis courts, septic tanks, lamp posts, roads,
telephone cabins, etc.,
6. Manufacture of precast pipes, piles, garden seats, artistically designed urns, flower
pots, etc., dust bins, fencing posts, etc.,
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CHAPTER-II
REVIEW OF LITERATURE
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CHAPTER-II
REVIEW OF LITERATURE
Employee retention is one of the hottest management topics in the United States for
good reason; it is impacting employers on a daily basis. The number of qualified applicants
available for vacant positions is currently in decline and employers are finding it difficult to
hire new employees and to keep employees over the long run.
This entails understanding just a little history. The term “employee retention”
First began to appear with regularity on the business scene in the 1970s and early 1980s.
Until then, during the early and mid 1900s, the essence of the relationship between
employer and employee had been a statement of the status quo:
‘You come work for me, do a good job, and, so long as economic conditions allow, I will
continue to employ you’.
It was not unusual for people who entered the job market as late as the 1950s and
1960s to remain with one employer for a very long time sometimes for the duration of their
working life. If they changed jobs, it was usually a major career and life decision, and
someone who made many and frequent job changes was seen as somewhat out of the
ordinary.
As a natural result of this “status quo” Employer-employee relationship, an employee
leaving his or her job voluntarily was seen as an aberration, something that shouldn’t really
have happened. After all, the essence of “status quo” is just that little or nothing should
change in the relationship and leaving was a pretty big change!
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Retention has emerged as the focus of much time and attention in recent years,
particularly as part of talent management programs, and so much is known about it that the
HR practitioner who tries to integrate it into a talent program may grow bewildered by the
huge volume of research about it.
Employee retention is more than just keeping employees on the job. It is also about
sustaining employees, primarily by enhancing their job satisfaction. Job satisfaction, in turn,
can increase productivity and keep employees energized and motivated to give their best.
Job satisfaction can equate to employees who stick with their current employer and strive to
perform at or above expectations and standards.
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Estimates have determined that lost knowledge that leaves with the departing
employee can be as high as 50% of the exiting employee’s salary for one year of service;
and, this figure grows by 10% for each year of employment.
On average, 30% of a financial advisor’s clients will move with their advisor if he or
she changes firms. Taking a fairly conservative estimate that the financial loss from one
employee is equal to his or her annual salary, the negative financial impact of turnover to
the bottom line can be substantial.
In-depth interviews by the Gallup Organization of over 80,000 managers
in over 400 organizations and offers the following finding: “<It tells us
that people leave managers, not companies. So much money has been thrown at the
challenge of keeping good people in the form of better pay, better perks, and better training
when, in the end, turnover is mostly a manager issue. If you have a turnover problem, look
first to your managers.”
Most of the HR functions of IT organizations spend more than 50 % their time and
energy in hiring new resources without investing much time in the way their human
resources can be retained. Fact is, it takes 25 to 30 % more for organization to retain the
existing qualified resource as compare to spending more than 50 % in getting new resource
as a replacement of an existing resource.
And the recent turnover figures about U.S. are Overall U.S. voluntary turnover
increased slightly to 23.4% annually, up from 22.7% the previous year. The highest
turnover by far is still in the Accommodation and Food Services sector at 56.4% and the
Leisure and Hospitality sector at 52.2%. Sectors that saw the highest increase in turnover
were Accommodation and Food Services, up 7% from the previous year, Leisure and
Hospitality, up 5.4% and Information, up 4.5%.
The only sectors seeing a (slight) decrease in turnover were Real Estate, Natural
Resources and Mining, and Professional and Business Services. In the Government sector,
turnover was up slightly at 8.2% with the Federal sector increasing the most to 9.3% up
from 5.7%. Regionally, all areas were up slightly except the Northeast which saw a slight
decrease.
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Companies have now realized the importance of retaining their quality workforce. Retaining
quality performers contributes to productivity of the organization and increases morale
among employees.
Four basic factors that play an important role in increasing employee retention include
salary and remuneration, providing recognition, benefits and opportunities for individual
growth. But are they really positively contributing to the retention rates of a company?
Basic salary, these days, hardly reduces turnover. Today, employees look beyond the money
factor.
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6. Gifts at Some Occasions: Giving out some gifts at the time of one or two festivals
to the employees making them feel good and understand that the management is
concerned about them
When asked about why employees leave, low salary comes out to be a common
excuse. However, research has shown that people join companies, but leave because of what
their managers’ do or don’t do. It is seen that managers who respect and value employees’
competency, pay attention to their aspirations, assure challenging work, value the quality of
work life and provided chances for learning have loyal and engaged employees. Therefore,
managers and team leaders play an active and vital role in employee retention.
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Managers and team leaders can reduce the attrition levels considerably by creating a
motivating team culture and improving the relationships with team members. This can be
done in a following way:
Delegation: Many team leaders and managers feel that they are the only people who can
do a particular task or job. Therefore, they do not delegate their jobs as much as they
should. Delegation is a great way to develop competencies.
Extra Responsibility: Giving extra responsibility to employees is another way to get them
engaged with the company. However, just giving the extra responsibility does not help. The
manager must spend good time teaching the employees of how to manage responsibilities
given to them so that they don’t feel over burdened.
Focus on future career: Employees are always concerned about their future career. A
manager should focus on showing employees his career ladder. If an employee sees that his
current job offers a path towards their future career aspirations, then they are likely to stay
longer in the company. Therefore, managers should play the role of career counselors as
well.
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CHAPTER-III
RESEARCH METHODOLOGY
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CHAPTER-III
RESEARCH METHODOLOGY
This study will look at employee retention. A random sample of 100 people from
varying occupations in non-management positions will be surveyed to learn about their
perceptions about job satisfaction as it relates to employee retention.
Results will be collected; analyzed and descriptive data will be presented. The study
will include recommendations for better practices aimed at identification of effective
occupational strategies to aid in retaining employees through job satisfaction.
Assumptions
The following are assumptions upon which this study is based:
1. Employee retention and job satisfaction are linked.
2. Identification of employee perceptions about job satisfaction will offer a basis for
identifying recommendations for practice, this will contribute, to job satisfaction.
3. The use of a questionnaire to determine employee satisfaction perceptions will result in
honest and useful feedback for purpose of analysis.
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The project has been prepared with an intention to make one realize and understand
the significance of employee retention. Employee retention has become a major goal of the
organization. Initially recruitment was only talked about, but now in today’s corporate
world recruitment has become just as a part of HRM. Major importance is attached to
employee retention. The project is not only aims to present the theoretical aspects as well. A
survey has been done to understand the strategies followed by organization to ensure
employee retention.
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Source of data:
Research design specifies the method and procedures for the collection and analysis
of the data in the manner that aims to combine relevance to the research purpose.
Data collection:
The data for the proposed study was collected from one source Primary data.
Primary Data:
It includes collection of first hand information from the response who is concerns
with the market research.
E.g. Survey, Questionnaire.
Secondary Data:
It includes collection of data from other source which is concerned with the market
research.
E.g. Books.
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Due to the time constraint, the sample size has been restricted to limited sample of
100.
Since names are mentioned in all of the questionnaires, most of the employees
answered favorable to the company. This might have led to wrong finding in the
study.
The employees were available only during the working hours they could not
interviewed effectively.
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CHAPTER-IV
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4.1 Have you satisfied with the with the incentive and bonus schemes implemented in
the company?
TABLE-4.1
Highly Satisfied 7 14
Satisfied 39 78
Dissatisfied 3 6
Highly Dissatisfied 1 2
GRAPH-4.1
Interpretation:
78% of the respondents are satisfied with the incentive and bonus scheme of the
company among them 14% are highly satisfied.
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TABLE-4.2
Yes 39 78
No 11 22
GRAPH -4.2
Interpretation: employees stated that their superior is motivating them and few of the
employees responded that their superior is not motivating them.
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Highly Satisfied 7 14
Satisfied 37 74
Dissatisfied 6 12
Highly Dissatisfied 0 0
GRAPH -4.3
Interpretation: Majority of the employees are satisfied with the job provided to them.
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4.4 Is the company is taking into consideration about employee job satisfaction?
TABLE-4.4
Yes 43 86
No 7 14
Total 50 100
GRAPH -4.4
Interpretation:
The company is taking into consideration of job satisfaction of their
employees as a major.
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4.5 Do you people have an opportunity to participate in decision making activity of the
company?
TABLE-4.5
Yes 36 72
No 14 28
Total 50 100
GRAPH -4.5
Interpretation:
Majority of the employees had expressed that they had an opportunity
to participate in decission making activity of the company.
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4.6 How do you rate the infrastructure and equipments provided to you by the
company?
TABLE-4.6
Excellent 2 4
Very Good 19 38
Good 23 46
Poor 6 12
Worst 0 0
Total 50 100
GRAPH -4.6
Interpretation : The employees in the organisation felt that the infrastructure and
equipments provided by the company is good.
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4.7 Is it important that appreciation for your work from your superior?
TABLE-4.7
Yes 43 86
No 7 14
Total 50 100
GRAPH -4.7
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4.8 Do you agree with criteria of performance appraisal system used by the company to
evaluate employee performance?
TABLE-4.8
Strongly Agree 5 10
Agree 39 78
Disagree 3 6
Strongly Disagree 3 6
Total 50 100
GRAPH -4.8
Interpretatin:
Majority of the employees are satisfied with the performance appraisal
system used by company to evaluate the performance of the employees.
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4.9 Whether company is providing any rewards and recognition for employee
performance?
TABLE-4.9
Yes 41 82
No 9 18
Total 50 100
GRAPH -4.9
Interpretations:
Majority of the employees agreed that the company is providing rewards and
recognitions for the efficient and effective employees.
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4.10 Have you satisfied with the promoion criteria of the company?
TABLE-4.10
Highly Satisfied 5 10
Satisfied 32 64
Dissatisfied 9 18
Highly Dissatisfied 4 8
Total 50 100
GRAPH -4.10
Interpretations:
Few of the employees are not satisfied with the promotion criteria of the
company and rest of the employees are satisfied.
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Yes 31 62
No 19 38
Total 50 100
GRAPH -4.11
Interpretation:
Few of the respondents stated that the company is not conducting any stressfree
programs.
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4.12. Does the company is conducting any counseling sessions for the employees
who are facing the problems either personally or professionally?
TABLE-4.12
Yes 34 68
No 16 32
Total 50 100
GRAPH -4.12
Interpretation:
Some of respondents stated that the company is not conducting any
stressfree programs to refresh the employees from the stress and tensions.
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4.13. Does the company is implementing “job rotation” method to avoid the boredom in
employees?
TABLE-4.13
Yes 23 46
No 27 54
Total 50 100
GRAPH -4.13
Interpretation:
Morethan half of the respondents stated that the company is not implementing job
rotation to avoid boredom in employees.
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EMPLOYEE RETENTION
Highly Satisfied 3 6
Satisfied 42 84
Dissatisfied 2 4
Highly Dissatisfied 3 6
Total 50 100
GRAPH -4.14
Interpretation:
The company ha considered by their performance, providing the
fringebenefits is at satisfactory level. .
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EMPLOYEE RETENTION
Yes 36 72
No 14 28
GRAPH -4.15
Interpretation:
Few of the respondents stated that the company is not implementing job
enlargement and enrichment to improve the skills and knowledge of the employees.
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EMPLOYEE RETENTION
4.16. Have you satisfied with the leave rules of the company?
TABLE-4.16
Highly Satisfied 4 8
Satisfied 33 66
Dissatisfied 8 16
Highly Dissatisfied 5 10
GRAPH -4.16
Interpretation:
Few of the employees are not satisfied with the leave rules of the company
where some of the employees are satisfied.
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EMPLOYEE RETENTION
Highly Satisfied 2 4
Satisfied 33 66
Dissatisfied 11 22
Highly Dissatisfied 4 8
GRAPH -4.17
Interpretation:
Few of the employees are not satisfied with the pay scale of the company.
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EMPLOYEE RETENTION
4.18.Have you satisfied with the safety and security measures provided by the
company?
TABLE-4.18
Highly Satisfied 9 18
Satisfied 33 66
Dissatisfied 8 16
Highly Dissatisfied 0 0
GRAPH -4.18
Interpretation:
Majority f the employees are satisfied with the safety and security measures taken
by the company.
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EMPLOYEE RETENTION
Yes 39 78
No 11 22
GRAPH -4.19
Interpretation:
Most of the emplyees expressed that the company is conducting training and
development if any new technology is adopted but few of them are not accepting.
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EMPLOYEE RETENTION
Yes 22 44
No 28 56
GRAPH -4.20
Interpretation:
Majority of the employees stated that the company is not taking any
precautions to induce the people to work in same organisation for a longer period of
time.
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EMPLOYEE RETENTION
Yes 45 90
No 5 10
GRAPH -4.21
Interpretation:
Majority of the respondents are satisfied with the working schedule of the
company.
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EMPLOYEE RETENTION
Excellent 5 10
Very Good 21 42
Good 24 48
Poor 0 0
Worst 0 0
GRAPH -22
Interpretation:
All the respondents are happy towards their management by maintaining a
hygiene working environment.
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EMPLOYEE RETENTION
Yes 9 18
No 41 82
GRAPH -4.23
Interpretation:
Few of the employees are willing to leave the organisation because of their
disatisfaction in the organisation.
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EMPLOYEE RETENTION
CHAPTER-V
FINDINGS, SUGGESTIONS & CONCLUSION
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EMPLOYEE RETENTION
FINDINGS
90% of the employees are satisfied with working schedule of the
organization.
78% of the employees are satisfied with their superior’s motivation.
78% of the employees are satisfied with the training and development
programs conducted by the company.
38% of the employees have responded that the company is not conducting
stress free programs to all the employees.
32% of the respondents stated that the company is not providing any
counseling sessions to relieve their employees from personal and
professional problems.
54% of the respondents told that the company is not implementing job
rotation to avoid the boredom in employees.
More than 30% of the employees are not satisfied with their pay scale.
56% of the respondents said that the company is not taking any precautions
to make the employees for to stay longer period of time.
18% of the employees are willing to leave the organization.
28% of the employees did not participate in decision making activity of the
organization.
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EMPLOYEE RETENTION
SUGGESTIONS
It is better to conduct the counseling and stress free programs to refresh employees
from both personal and professional problems.
The management has to consider the pay scale if the employees proved themselves.
Proper implementation of the job rotation and job enlargement and enrichment can
make the employees to feel, their career development is possible in the organization.
To retain the employees providing benefits to their employees is a best solution.
The management has to provide an opportunity to the employees to participate in
decision making they will show enthusiasm to work in the organization.
In order to make the employees not to leave the organization the management has to
build the good relationship with the employees.
Employee loyalty towards the organization can be built by providing the job security
to the employees.
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EMPLOYEE RETENTION
CONCLUSION
Since the employees are willing to leave the organization the management has to
consider it because employee retention is crucial for the long-term health and success of the
business. Managers readily agree that retaining best employees ensure customer
satisfaction, product sales, and good will of the organization.
In a nutshell “if you truly respect, appreciate and treat your employees
wonderfully, you will never lose them”.
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EMPLOYEE RETENTION
ANNEXURE
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EMPLOYEE RETENTION
QUESTIONNAIRE
A STUDY ON EMPLOYEE RETENTION IN DALMIA CEMENT LTD
Designation
Department
Educational Qualification:
Gender:
Age:
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EMPLOYEE RETENTION
11. Are you satisfied with the working hours of the organization?
13. Are you satisfied with employee benefits provided by the organization?
a) Yes b) no
15. How do you rate the employee welfare programs in the organization?
16. The mentoring you are currently receiving from our senior peers is?
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EMPLOYEE RETENTION
19. How frequently you are being recognized whenever you have done a good job?
a) Yes b) No
21. Rate your satisfaction levels on the following issues in your organization
22. Would you leave this organization if you get another job?
a) Yes b) No
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EMPLOYEE RETENTION
BIBLIOGRAPHY
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EMPLOYEE RETENTION
BIBLIOGRAPHY
BOOKS
・ Human Resource Management C.B.Memoria
・ Research methodology C.R.Kothari
・ Journals, Newspaper and Internet
WEBSITES
www.dalmia.com
www.yahoo.com
www.google.com
www.wikipedia.com
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